Frontline On PBS: Inside The Meltdown (loans, insurance, interest, money)

[tortoise]

Program information link.

"FRONTLINE investigates the causes of the worst economic crisis in 70 years and how the government responded. The film chronicles the inside stories of the Bear Stearns deal, Lehman Brothers’ collapse, the propping up of insurance giant AIG, and the $700 billion bailout. Inside the Meltdown examines what Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke didn’t see, couldn’t stop and haven’t been able to fix."

[USS Enterprise CV-6]

Thank You OP, I watch PBS and love Frontline and Nova.

OP's link indicates the show will air, Feb. 17, 2009 at 9 PM Eastern Standard Time.

You can also click on "Program Reminders", and get email alerts of any upcoming programs.

I've already recorded "Bushes War," "The War Briefing", now this one.

[tortoise]

Everyone will have to draw their own conclusions, but the program did a good job of putting the actions taken by Henry Paulson and Ben Vernacke in perspective. The "moral hazard versus systemic risk" dilemma and "compromising their principals" aspects were very interesting.

[killer2021]

What is funny is that those executives got a new job working for obama. Probably going to help him implode the economy.

[Stac2007]

I think the Frontline show did a great job of putting the economic debacle in perspective. I do feel for Paulson. He looked like a defeated or worn out person after dealing with Wall Streets meltdown. He did not want to bailout the Wall Street but the alternative was an immediate depression. Only time will tell if he was right.

[Stac2007]

Did you or someone you know serve aboard the Big E?

[OC Investor2]

Originally Posted by tortoise

Program information link.

"FRONTLINE investigates the causes of the worst economic crisis in 70 years and how the government responded. The film chronicles the inside stories of the Bear Stearns deal, Lehman Brothers’ collapse, the propping up of insurance giant AIG, and the $700 billion bailout. Inside the Meltdown examines what Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke didn’t see, couldn’t stop and haven’t been able to fix."

Thanks for posting - Good Stuff!

Reps to you.

[shiphead]

Trillions... and its unknown if the problem will be fixed. We haven't even left the planet and we are already doing trillions of dollars... scary times.

[NJ Chutzpah]

So basically what the vid is saying:

banks, commercial, or investment, just loan money to each other, and they just make up various contracts as collateral

if wallstreet firms disappear, the commercial banks cannot get a loan to make other loans to regular people

am I right?

[USS Enterprise CV-6]

If you missed it, you can catch it online here.
FRONTLINE: inside the meltdown | PBS

If you are interested in what caused our financial crisis, you may be interested in Book TV on C-SPAN2 - Top Nonfiction Authors Every Weekend

CSPAN2 has 3 showings for Plunder and Blunder:The Rise and Fall of the Bubble Economy which also, covers the Reagan and Clinton administrations.

Remember, schedules change, and times are Eastern Standard Times; so check the website for changes.

I love the Laura Ingraham Show.