One of the best videos I have seen about the financial crisis is a one-hour documentary put together by PBS. In it, the commentators AND THE PARTICIPANTS describe just how close our economy came to collapsing. I found the description of the September 18, 2008 private meeting between Treasury Secretary Paulson, Fed Chairman Bernanke and the astonished leadership of the U.S. Congress especially chilling. Two quotes in particular stood out. From Paulson: “Unless you act, the financial system of this country and the world will melt down in a matter of days.” And from Bernanke: “If we don’t do this tomorrow, we won’t have an economy on Monday.” It’s really quite a remarkable video: Inside the Meltdown
Video Review:
May, 2009