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PBS: FRONTLINE: Breaking the bank

June 27, 2009 | About:
Karl

kfh227

5 followers
I just watched this on PBS. It is available for free online.

Basically a year in the life of the financial markets. It talks about the freezing credit markets and Lehman but focuses mainly on the BAC/MER deal and why things happened, how the gov't forced the hand of 9 financial institutions and why BAC did not invoke the Material Adverse Change clause (gov't hinting that they would not make life easy for BAC).

FRONTLINE: Breaking the bank (about 56 minutes)

About the author:

kfh227
Karl is currently a software engineer in Connecticut with a bachelors of science in electrical engineering from Clarkson University. He has been investing since 2001 and interested in value investing since 2005. Karl is continually striving to learn more about investment.

Rating: 2.3/5 (3 votes)

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