04/24/12 Part 1 Chapter 1
04/24/12 Part One Chapter 2
Part 1 Chapter 3
Part 1 Chapter 4
Part 2 Chapter 1
Part 2 Chapter 2
Part 2 Chapter 3
Part 2 Chapter 4
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FRONTLINE | Money, Power and Wall Street 04/24/12 (Full Episode)
04/24/12 Part 1 Chapter 1
04/24/12 Part One Chapter 2
Part 1 Chapter 3
Part 1 Chapter 4
Part 2 Chapter 1
Part 2 Chapter 2
Part 2 Chapter 3
Part 2 Chapter 4
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I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
Quote from Thomas Jefferson
Excellent documentary that tells the thruth!
Finally! the dirty rotten truth is out for nall to see. pass this onto eveyone who needs to know…tape it, buy it from PBS.com…get it out to the masses. Finally!
I too watched the first two episodes on PBS last night. Ready to see the next two episodes next week.
This is an ABSOLUTE MUST watch!
Saw the first two installments last evening and was amazed. My initial impression is that it was unbiased BUT I am not so sure after reflecting on how the industry casts blame on young executives at JP Morgan as innocently creating the master design or method for derivative swaps on one of the ‘think tank’ vacations. Conveniently and innocently they portray a few beautiful people as never dreaming they created a nightmare that would bring down the world economy nor was that their intent. The piece also gives Paulsen a bye and casts him in the ‘hero saves the day’ role as leading the wolfpack in the fire sale. The truth is that J.P. Morgan Chase seized on the lack of transparency of the products to hide their bad risk inside. They absolutely knew what they were doing was unethical or illegal although I doubt they realized the end result initially. The creation of these products was to HIDE RISK rather than diversify it. It is the very reason we need transparency and regulations in the banking industry and yet they are still fighting regulations aided by the GOP. I would say the banking industry sponsored this piece even though there is enough truth in it for one to read between the lines. I think it was created to smooth over the banks innocence in how the meltdown was innocently generated.
Who would want to prosecute a group of young beautiful execs who dreamed up this mess on their vacation innocently with no intent to harm.
As I always say here in Memphis on the mighty Mississippi, I HAVE a bridge over here?.
I completely agree. This is bit too slick to swallow. It’s got some definite spin; but I can’t figure out why Frontline writers, directors and producers would be subject to the PR of the big banks. This is PBS, right? And the folks involved have done good work in the past In any case, I’m still.looking forward to parts 3 and 4, but I’m a bit guarded.