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Frontline: Inside the Meltdown Inside the Meltdown is an episode of the popular "Frontline" television series, giving the behind-the-scenes stories of the Bear Stearns and Lehman Brothers business collapses that kicked off the present day economic crisis, followed by efforts to support insurance giant AIG and a 700 billion dollar bailout. Inside the Meltdown especially focuses upon the sudden, catastrophic dilemma thrust upon Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke, whose fear of "moral hazard" - the concept that bailing out a failing business will only promote and encourage more failure on their part - had to give way to the larger, possibly economy-destroying threat of a resounding ripple effect stemming from the collapse of giants. An absorbing documentary that presents the downfall of multigenerational institutions in plain terms for viewers of all backgrounds, Inside the Meltdown is especially recommended to public library DVD collections. |
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