armageddon, amazing story about the banking crisis from 2008 , 2 minutes to 12, the Americans managed to avert the great disaster with the support of the state, the state became a super banker in one fell swoop. Credits to George Bush authorizing the bailout along with then Presidential candidates and would-be successors Obama and McCain. (became Obama
Starting in 2008, in the worst economic crisis in decades, brand-name banks were on the brink. As the federal government implemented a massive intervention in the financial industry, FRONTLINE went behind closed doors to tell the story of how things went so wrong so fast and to document efforts to stabilize Wall Street. Veteran FRONTLINE producer Michael Kirk untangled the complicated financial and political web surrounding one particular superbank — Bank of America.
AnnoZ Webb blog 