Thursday, April 26, 2012

Frontline - Money, Power and Wall Street, Part 2

Episode Two: Systemic Risk. Bear Sterns collapses; regulators fear its effect on the financial system.

In this episode FRONTLINE investigates the largest government bailout in U.S. history, a series of decisions that rewrote the rules of government and fueled a debate that would alter the country’s political landscape. It offers play-by-play accounts of several secret meetings that permanently altered the financial system.

FRONTLINE finds plenty of blame to go around (Goldman Sachs and CEO Lloyd Blankfein take a particular bruising), but is most devastating in its dissection of the chummy collusion between bankers and the government leaders who should have been watch-dogging them.

Episode Three & Four will be released and posted here on May 1 & 2, 2012.


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1 comment:

  1. I haven't watched this because of my limited internet connection at this time, but found this critique interesting..

    "it’s probably safe to say that this program is far enough along to be beyond redemption.

    It’s a recitation of conventional wisdom, with just enough focus on some of the numerous things the banks and the authorities did wrong so as to make it seem daring for mainstream TV."