Money, Power and Wall Street
Episode 1: Chapter 1
– A Brave New World of Banking: A group of young bankers make history with the
creation of the credit default swap market.
Chapter 2: Funding The American Dream: The Wall Street and mortgage
lobbies successfully defeat attempts to regulate derivatives. Chapter 3: Marching Towards The Cliff:
JPMorgan reassesses, pulls back from the mortgage market but other banks can’t
get enough. Chapter 4: The Unraveling
Begins: When the housing bubble burst, CDS bring the global economy to its
knees
Money, Power and Wall Street
Episode 2: Chapter 1
– Systemic Risk: Bear Stearns collapses; regulators fear its effects on the
financial system. Chapter 2 – The Summer
Of Assurances: The financial crisis becomes increasingly obvious, but there’s
no decisive action. Chapter 3 – The
Decision To Let Lehman Fail: Paulson bet the markets would take care of
themselves but would soon learn he was wrong.
Chapter 4 – AIG Gets A Bailout: A decision by Geithner means billions of
US Government dollars flows to Wall Street.
Chapter 5 – A Turning Point?:
Paulson decides on a dramatic use of the TARP money: capital injections
to the banks.
Money, Power and Wall Street
Episode 3: Chapter 1 – Obama Inherits A Crisis: The
president-elect faces a key decision: Who would serve on his economics
team? Chapter 2 – A Financial Stability
Plan: Geithner’s team decides on stress tests, but his speech announcing the
plan is a disaster. Chapter 3 – A
Showdown At The White House: Economic adviser Larry Summers suggests it’s time
to break up a ‘too big to fail’ bank.
Chapter 4 – The Stress Tests Revealed: The results are positive – with
no mention of billions of Fed loans propping up the banks. Chapter 5 – Summer ’09 – Anger Boils
Over: Obama revives a campaign to reform
Wall Street but utlimately leaves the details to Congress.
Money, Power and Wall Street
Episode 4: Chapter 1 – Everybody Was Making Money:
Despite the crisis, nothing seems to have really changed the culture of Wall
Street. Chapter 2 – When Derivatives
Deals Go Wrong: Banks promoted swaps to
help cities lower debt payments. But then the markets crashed. Chapter 3 – Europe Was “Cooking Their Books:
In the 1990s bankers offered derivatives to countries bidding to join the EU.
Chapter 4 – Can The System Be Reformed?: While Occupy Wall Street takes to the
streets, another battle is being fought in D.C.
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