Frontline: Inside the Meltdown
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Top Customer Reviews
This video gets into the gory details of the response to the meltdown and why certain things were done and others were not. Bear Stearns, Lehman Brothers, AIG, the catalysts that set off the worst economic downturn since the great depression.
If you want a more extensive view of the meltdown, I would recommend watching this in conjunction with FRONTLINE: Ten Trillion and Counting, i.o.u.s.a., and Frontline: The Warning. This combination gives a much bigger picture of the U.S. financial crisis.
Frontline covers the gathering economic recession that became evident in the spring of 2008 and the actions and reactions of the Secretary of the Treasury and the Federal Reserve. It was the fall of dominos starting with Bear Stearns which had billions of dollars in what came to be known as toxic assets of mortgage securities and credit default swaps. Paulson, a long-time believer in free market economics found himself challenged to let the market chips fall where they may, or stave of economic panic with federal subsidies. He goes with the latter.
But Paulson's nightmare is not over with. Next is the privately run and owned Freddie Mac and Fannie Mae, two of the largest mortgage lenders. Paulson finds himself in the dubious position of once again staving off disaster by nationalizing both companies. Before he can fathom the intervention he has always shunned, he finds a new disaster cropping up in Lehman Brothers. This time he follows his principle of "moral hazard." That is to let the company fail from its own mismanagement. He does, and the reverberations are not only felt nationally but around the world.
As the bell sounds twice, thou shalt deny free market capitalism thrice to paraphrase the Bible, and Paulson is becoming big in denial of lifelong beliefs. A.I.G.Read more ›
Most Recent Customer Reviews
Inside The Meltdown has Frontline investigating the reasons behind the worst economic crisis that happened since The Great Depression during the period between 2007 to 2008 and the... Read morePublished 23 months ago by Desertman84
A vivid account of the financial meltdown that turned into a nationwide shakedown to the benefit of the people responsible for the collapse.Published 24 months ago by Aaron Ging
This is sad case of greed by the rich and powerful in America. Shame, shame on the rich and greedy.Published on June 15, 2014 by Michael
Viewing this Documentary and others provides an excellent understanding of how the Bank and Wall Street Executives have LOBBIED TO ABOLISH the Glass-Stiegel Act. Read morePublished on May 12, 2014 by S C M
Everyone needs to view this video program for a good understanding of the 2008 meltdown. It is absolutely right on!Published on April 8, 2014 by Jerry Johnson
Sorry, unable to comment. Bought it for a friend and sent it, unopened, as soon as I got it. Not got the foggiest idea what it was all about.Published on March 21, 2014 by Mouse