FRONTLINE | Inside the Meltdown | PBS

http://www.pbs.org/frontline/meltdown "Inside the Meltdown," watch online or on air beginning Tuesday, February 17, 2009. Buy the DVD at http://www.shoppbs.org/entry.point?entry=3450831&source=PBSCS_YOUTUBE_FRL... 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.http://www.pbs.org/frontline/meltdown

Category:

News & Politics

Tags:

• bailout
• banking
• bear
• credit
• crisis
• debt
• economy
• financial
• frontline
• jp
• money
• morgan
• pbs
• politics
• stearns
• street
• wall

[7Hook]

@7Hook

The latest Frontline story I've seen an ad for is about Afghanistan's sex trade in boys. That just seems like propaganda, it happens globally, even in the US. In fact there was a US congresswomen fighting against CPS, regarding sex trade, who died recently in a strange murder suicide - THATs a story. So why spotlight just Afghanistan. the message I get from that subject is "here's another reason to hate Afghanistan and justify our invasion of the country".

[7Hook]

@karlkunath

Tell me if they concluded that wall street and washington were, by far far far, the groups that caused the meltdown, and that housing was a just tiny symptom of the practices of those two groups. If they concluded that, maybe I'll watch it. If they didn't, then I'll continue to lump in Frontline with the rest of mainstream US news as garbage propaganda. There was a time when I respected Frontline.

[karlkunath]

@7Hook hmmm, watch frontlines "The Warning" and "Breaking the Bank" and you will see that they look at otcd very carefully

[alienmoonbase]

The only thing bigger and ignored more by the lazy journalist graduates is the UFO phenomenon.

[alienmoonbase]

Jews

[seanannapolis]

If you want to actually know what caused the meltdown - and not flounder around listening to fools like Dodd and Krugman who failed to predict the obvious disaster - read "Meltdown" by Tom Woods.

[daveibukun]

oh shut up. People pull all there money out because they fear that the company's finances are shaky or that they have too much toxic assets, that's what happened with Bear Stearnes and Lehman Brothers.

[edmon63]

confidence... people pull all their money out because a plausible contender for president threatens to tax the rich.How quickly we forget.Who was saying that again?

[7Hook]

This program overlooked the real story.

OTC Derivatives are the shadowy unregulated securities that were pyramided on top of the US housing market from 2000 to 2008.

In 2002 there were about 50 Trillion USD worth of OTCDs.

That same year, Warren Buffet, called OTCDs "weapons of financial mass destruction".

By 2008 they grew to 1000 Trillion USD.

Compare - total value of all US homes - about 20 Trillion USD.

Housing caused it? You are lying, Frontline.

Banking's OTCDs did it..

[martinjom]

i watched this program last night and its really informative-gives detailed informations how first started.