Nearly 100 years after its creation, the power of the U.S. Federal Reserve has never been greater. Markets and governments around the world hold their breath in anticipation of the Fed ... See full summary »
The heads of Wall Street's biggest investment banks were summoned to an evening meeting by the US Treasury Secretary, Hank Paulson, to discuss the plight of another - Lehman Brothers. After... See full summary »
A close look behind the scenes, between late March and mid-October, 2008: we follow Richard Fuld's benighted attempt to save Lehman Brothers; conversations among Hank Paulson (the Secretary of the Treasury), Ben Bernanke (chair of the Federal Reserve), and Tim Geithner (president of the New York Fed) as they seek a private solution for Lehman's; and, back-channel negotiations among Paulson, Warren Buffet, investment bankers, a British regulator, and members of Congress as almost all work to save the U.S. economy. By the end, with the no-strings bailout arranged, modest confidence restored on Wall Street, and a meltdown averted, Paulson wonders if banks will lend.Written by
TITLE DROP: Mentioned by Hank Paulson character while lecturing his aide ("Here's your too big to fail"). See more »
They almost bring down the US economy as we know but we can't put restrictions on how they spend the $125 billion we're giving them because... they might not take it!
[the Assistant Secretary of the Treasury for Public Affairs upon hearing that the 9 bank CEOs may refuse to take free money from the federal government if they had to be held accountable for how they spent it]
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This HBO produced film gives dialog and a behind-the-scenes feel to the 2008 financial debacle so perfectly exposed in "Inside Job."
The direction by Curtis Hanson is razor-clean cut, and the performances, especially by James Woods, Paul Giamatti and William Hurt underscore the irony that not one of the self-serving "public servants" has "served" one single day of jail time and continue to live their over-the-top, elegant lifestyles.
The effective use of actually news footage from our 24/7 news cycle serve as a percussive soundtrack as we watch the financial worlds of your "off the Street" American citizens self destruct at the hands of the Bush administration.
Thank you HBO for continuing to do what you have done so well for so many years!
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