Tonight, PBS aired the Frontline documentary "Inside the Meltdown": an in depth look at the events that lead to the financial meltdown currently facing the global economy.This feature examines what happened last year beginning with the events surrounding the takeover of Bear, Stearns in March 2008, following through to the Troubled Assets Relief Program (TARP) Bill, and ending with last month's presidential inauguration and speculation of the future.
This program gave me a better understanding of exactly what problems faced then Treasury Secretary Hank Paulson, and Federal Reserve Chairman Ben Bernanke, and the thought process behind the actions taken to save the financial market of the U.S. economy.
I must admit the last thing I expected to feel for Hank Paulson was empathy, but - there it was. A committed capitalist and strong supporter of a free market governed by the moral ethics of CEOs and its' shareholders Paulson was faced to do the unthinkable - oversee the largest government intervention by a federal official in the history of the United States.
One of the things I like about Frontline is their ability to present issues without drama, and I found this documentary to be informative and riveting. The documentary features interviews by persons involved with the events of last year, or those in the financial media who reported all that happened.
A HIGHLY recommended watch you can view the entire program below, or click here to go directly to the PBS link to this program.
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