In the 2012 award-winning series Money, Power and Wall Street, FRONTLINE tells the story of the struggles to repair the economy after the 2008 financial crisis, exploring key decisions, missed opportunities, and the uneasy partnership between leaders of government and finance.
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In part one of Money, Power and Wall Street, FRONTLINE correspondent Martin Smith interviews leading bankers, government officials and journalists to chart the epic rise of a new financial order—and the trouble that followed. As Wall Street innovated, its revenues skyrocketed, and financial institutions of all stripes tied their fortunes to one another. Smith probes deeply into the story of the big banks—how they developed, how they profited, and how the model that produced unfathomable wealth planted the seeds of financial destruction.
FRONTLINE’s veteran financial and political producers Michael Kirk (The Choice 2020: Trump Vs. Biden, United States of Conspiracy), Martin Smith (The Crown Prince of Saudi Arabia, The Pension Gamble), Marcela Gaviria (The Virus: What Went Wrong?, Separated: Children at the Border) and Tom Jennings (Right to Fail, Opioids Inc.) team up to present this Emmy Award-winning documentary series.
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Major funding for FRONTLINE is provided by the Ford Foundation. Additional funding is provided by the Abrams Foundation; the John D. and Catherine T. MacArthur Foundation; Park Foundation; and the FRONTLINE Journalism Fund with major support from Jon and Jo Ann Hagler on behalf of the Jon L. Hagler Foundation, and additional support from Koo and Patricia Yuen.
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Clinton looked so cute when he signed Glass Stiegel bill. What ever happened to cute car salesman like presidents, with interns under their desks? Boy, that's nostalgia there, makes me sad it's gone.
MORE TRUMPFLATION ! INVEST IN GOLD !!!
MISTER TRUMPS FIRST TERM LOST OVER THREE MILLION AMERICAN JOBS !!!
It's super EASY to understand. Meanwhile, less than 20 years later, they did it all again. Only NOW they all OWN all of those homes they out-bid on. Sobeit.
Every single person in this country should take their money out of banks. Shift the power to us, not them. Its our money they're using.
These people do nothing but take your deposited paycheck and make fortunes with it for themselves.
VERY INFORMATIVE NICE VIDEO STAY BLESSED. IT'S ME ALI SHER E YAZDAAN PAKISTAAN â¤ï¸â¤ï¸â¤ï¸â¤ï¸â¤ï¸â¤ï¸â¤ï¸â¤ï¸â¤ï¸â¤ï¸
They should all get life-sentences !
Hold up a bit. I got ye covered.
They never teach us this in schools
Wall Street prioritized massive short-term profits and deregulation over the long-term stability of the global financial system
President Trump Tariffs is destroying friendsgips with allies foreign countries,so its no good trade deals and the leaders around the world is collapsing because men trying to live without God. Jehovah 10:23 says it does not belong for men who walk to direct his step. The Bible State, the men will not be open to any agreement, which will be headstrong puffed up with pride so it's no Unity with countries around the world and a lot of greed and corruption, selfishness and no respect for human life this show we living deep in the last days of this system of things so the nations all walk blind right in they own trap the great day of Armageddon and a second coming of Jesus return on eart
In den Kellern der Banken liegen die größten Bomben für das Finanzsystem. Und sie lassen sich nicht entschärfen. Schönes Video!
Getting 20 somethings to do this stuff,,,, is so obviously using the ignorant to be manipulated.
If bad BANKS fail the good banks will survive. Let the banks fail.
If AIG was not “bailed out†with 160 Billion they would have had to liquidate massive amounts of securities and that would have tanked the markets. The consequences would have tanked retirement accounts.
This 2012 series explored the 2008 financial crisis.
Part One examines struggles to repair a shattered economy.
The focus is the largest government bailout in US history.
It highlights banking laws and political decisions.
Blythe Masters….most people will never realize how this woman affected their lives more than any other human alive..and they barely mention her…
Someone eventually pays the price of holding toxic mortgages, let's be honest and wonder who would take out a massive mortgage or even a small mortgage at 25%?? Don't the owners and buyers of toxic mortgages know the homeowner can't afford such rates long term?? It's like seeking a co-signer for a car loan then walking away and leaving the co-signer responsible! Now it seems car loans are toxic with people being upside down on their vehicles for a variety of reasons, low/no down payment thus making a huge payment or 7 year loan, rolling over massive debt from their previous vehicle, buyers purchasing vehicles far beyond what they can afford like these door dash people driving a hellcat or BMW.
You didn't go back far enough, which is typical of those wanting to characterize a group of people in a bad light and others as saviors. It didn't start with the passing of Gramm-Leach-Bliley – – it started with the Community Reinvestment Act in '77, modified in '94 at the insistence of Clinton upon the advice of Cisneros, to the Contract with America Republicans that the only way he'd go along their agenda would be if further changes were made to the CRA, which mandated that banks begin making knowingly bad loans to subprime borrowers and taking losses on a percentage of them. The scramble was on to begin offloading these losses at those banks, and, as is true with any inefficiency the government creates through its intervention, the bankers became more creative in finding a solution. Those original JP Morgan youngsters you referred to were tasked with solving the problem of offloading risk and what resulted was them and other banks dealing with those government mandated losses from bad home loans to bad risk borrowers that was now required by the CRA which they did through the creation of those investment products.
And greed exists on a spectrum. It is only the self-righteous who assign it as a character flaw to someone else.
Btw, the circular path of risk that is referred to in this documentary is going on right now, with banks swapping loan portfolios temporarily and having the status of those inherent loans being reclassified to current, which they are not.
Advice to Wall Street- the love of money is the root of all evil- 1Timothy ch6 verse10
Nothing was on paper @17:00
This documentary very cleverly leaves out the part where these banks illegally falsified the prices of the mortgage bonds until they were off their books once defaults started skyrocketing in late 2007
You never saw that coming? Let’s give a cat a home loan just to create the money out of thin air. Then we can slice the mortgage up and sale it to the public. Then we can sale the public insurance for that portfolio and declare a bank run when it all fails. The government creates QE and the public pays for it all through inflation the hidden tax.
Bitcoin came out in 2009 right after the crisis began. My opinion is it’s the derivative game all over again. They need an outlet for all the QE money supply. That bubble will pop soon.
How much Guatemalan money you get for the dollar it the Mayan empire vacation spot
Money and GREED is the real title. Immoral white collar criminals by no mistake from them but regulators with power.