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.
#Documentary #MoneyPowerWallStreet
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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….(read more)
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Money, Power and Wall Street is a gripping and comprehensive documentary series by FRONTLINE that delves into the inner workings of the financial industry and the events that led to the 2008 financial crisis. Part one of the series provides a deep exploration into the untamed ambition, excesses, and fraud on Wall Street that ultimately sparked the collapse of the global economy.
The documentary takes viewers on a journey through the world of high finance, offering an in-depth look at the complex web of investment banks, hedge funds, and financial institutions that played a pivotal role in the lead-up to the crisis. Through interviews with key players in the industry, as well as regulators, politicians, and experts, the documentary sheds light on the power dynamics and systemic flaws that allowed for such a catastrophic event to occur.
One of the central themes of the documentary is the undeniable link between money and power on Wall Street. The series reveals how the pursuit of profits and the drive for ever-increasing financial gains led to the creation of complex and opaque financial products, such as mortgage-backed securities and collateralized debt obligations. These products, while initially profitable, ultimately became the catalyst for the collapse of the housing market and the subsequent financial meltdown.
Furthermore, Money, Power and Wall Street also breaks down the culture of greed and excessive risk-taking that permeated the financial industry in the years leading up to the crisis. The series highlights the immense pressure to generate profits and the disregard for ethical standards that defined the behavior of many financial institutions during this period.
The documentary also dives into the role of regulators and government in overseeing and regulating the financial industry. It explores the failures of oversight and the influence of Wall Street lobbyists in shaping financial policy, ultimately allowing for the unchecked behavior of financial institutions.
Overall, Money, Power and Wall Street, Part One, paints a compelling and alarming picture of the financial industry in the years leading up to the crisis. It serves as a powerful reminder of the consequences of unchecked greed and the important role of regulation in ensuring the stability of the financial system. The documentary series is a must-watch for anyone seeking a deeper understanding of the events that led to the 2008 financial crisis and the lasting impact it had on the global economy.
often use economic reports in my trading. Sometimes they can be a good indicator for predicting changes in the market. Thanks for the tip.
Its funny how the Republicans AND Democrats came together and worked to remove the restrictions on banks.
It was a swinger partty
9-5
In every crisis, there is an opportunity," as the saying goes. The 2024 recession, while challenging, presents unique avenues to amass wealth. First, it's essential to remember Warren Buffet's advice: "Be fearful when others are greedy, and greedy when others are fearful." During recessions, assets often undervalue. By investing wisely in stocks, real estate, or businesses during this downturn, you position yourself for significant returns during the economic recovery.
Credit union are better
TILA
Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
Prepare for vol. 2 in 2024…
the amount of bots in the comment section is insane.
This is boring, the 1929 crash was a hell of a lot more serious, the democrats are most responsible for this.
It ain't complicated. You got robbed
It’s all a big scam and everyone knows it paper money won’t hold
"Greed of wall street broke main street"
What is this compulsion in Israeli people to emulate the behavior of the Nazis?
Copersion link. snD100379C0B-A2428033
Banks ? No they really are just Casinos betting on nothing
Planning retirement has never been this confusing! First SVB, then Signature bank and now First republic, these are all the signs of yet another 2008 market crash and recession 2.0, so my question is do I still save in the United States dollar, or could this be a good time to buy stocks? So I’m left wondering what 2023 has in store for usinvestors, I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here
Bottom line… Money rules this world. Academia is corrupt. Medical professionals are sell-outs to big pharma. Businesses only want higher profits. Politicians are puppets. Cops are paid bodyguards. The masses are herded sheeps brainwashed and fed lies by the government to keep them in line.
i was under the impression that it was Christian Bale that invented credit default swaps by shorting the housing market 😀
Thanks for this wonderful content from you I really appreciate, it answered most of my question.
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
XRP
Ripple will run them
I just sold a property in Texas and I’m considering investing the proceeds in stocks. With the current market optimism, I'm unsure if it's the right time to buy stocks and how long it will take for a full market recovery. I'm also puzzled by how some are making substantial gains of over $320k within months in the same market
I've been struggling to find a trading mentor, but your videos have filled that void. Thank you for being such a great teacher.
Top Top Top ❤
Engaging in an individual market option is a fair but its performance level can’t generate high dividends. Diversification is the secret to optimal performance, that’s why I have my interest set on options based on projected growth and performance.
Its great, in other countries we they would just let someone move into these abandon properties so at least they have a home. In America we let it rot because of "investors".
Making money is not the same as keeping it, there are a lot of things that aren't well taught in schools. The market crisis gave me my first millions, when people stayed away from hard times I made the most of it..many credits goes to Sir Zachery Micah Demers
Markets look like 2015-16. Probably going back to all time highs, but will probably go sideways until fed signals rate cut, Recently sold 25% of my portfolio comprising of plummeting stocks that were highly revered by wall street moguls, quite devastating.
THE US EQUITY MARKET IS ALL FILLED WITH COUNTERFEIT SHARES. HF’s NEVER SETTLE THE TRADES, FTD’s ITS THE SAME AS 2008 “SYNTHETIC CDO” is the SAME AS NAKED SHORTING AKA COUNTERFEIT SHARES
Kovacevich: "We'll find other ways to make money, like opening fradulent accounts for people who didn't want or know they were open."
Mes investissements sont usurpé par une association de personnes qui sont des personnes couverts par l'état
J'ai fait des réclamation sur les cartes de crédit a la justices sans réponse JP Morgan n'arrête pas de détourné mes capitaux devant tout les Américains qui le savent et même la justice c'est très lamentable pourquoi la justice ferme les yeux dans l'affaire
The most important thing about the new system was the fact the system is not working properly for us at this time so we have to be very cautious about the system we will be working on for now to see what happens with this system is going forward we will be very cautious
That "Find him, Fire him" for the guy "who created CDS's" came from a place of innocence
"It is Alive"
They banks got bailed out and American Homeowners homes and equity are being stolen by the same bankers/banksters via fraudclosures. The judiciary knows this also, Lawfirms contracted with "who" to hide the true identities/corporations behind these fraudclosures. American Homeowners now bailing out the banks' debts still to this day. Very well hidden system, but "We The People" know!
RMBS, pass through securities,, trust and trustees, LLCs.
Well, what is going to happen soon enough is the result of this…..Derivatives now exceeds GDP of the entire planet. Wall St and Politicians have looted the entire GD PLANET…….When REVOLUTION?
All investment was taken to evergrand
For high returns on bonds then defaulted all of america big and small buisness tied up to evergrand thanks to wall street for bringing a full. Stop to america white superimicy power bow down now to b r i c s ❤❤❤❤❤