On Thursday, Sept. 18, 2008, the astonished leadership of the U.S. Congress was told in a private session by the chairman of the Federal Reserve that the American economy was in grave danger of a complete meltdown within a matter of days.
As the housing bubble burst and trillions of dollars' worth of toxic mortgages began to go bad in 2007, fear spread through the massive firms that form the heart of Wall Street. By the spring of 2008, burdened by billions of dollars of bad mortgages, the investment bank Bear Stearns was the subject of rumors that it would soon fail.
An examination of the economic crisis of 2008 and 2009, detailing the fire sale of Bear Stearns to JPMorgan, the collapse of Lehman Brothers, the bailout of Fannie Mae and Freddie Mac is examined..
Format : AVI
Length : 524 MiB for 56mn 22s 882ms
Codec : XviD
Source : HDTV
Video #0 : MPEG-4 Visual at 1 176 Kbps
Aspect : 720 x 400 (1.800) at 29.970 fps