The financial crisis of 2008

The financial crisis of 2008

The financial crisis of 2008 resulted in all the misery with little upside to writing home about. However, it inspired some great reporting from various writers such as the investigative Stalwart frontline. The reports related to the various aspects of the financial crisis and the unfortunate turn of events that followed. Money, Power and Wall Street is a production of the Frontline composed of a four-hour super series detailing the crisis. The series is divided into four parts with part one and two covering the events leading up to and immediately after the September 2008 while the other two parts are lessons learnt, or not, from the financial disaster.

Part one of the series tells of the epic narrative of the rise of modern finance. Modern finance is regarded as a revolution within the banking practice that began in a luxurious hotel, Boca Raton, Florida. The aftermath was the invention of a new form of market for trading risk. The investigative series looks at how two United States administrations confronted the financial crisis. At the time, Wall Street was dealing with significant divisions characterized by dependence and mistrust, the desire for mutual interest and insubordination. Part one highlights the most significant government bailout in the history of the United States rewriting government rules and fueling the debate that would later shape the country’s political environment.  With the focus being on the Obama administration, the series depicts the story of a new leadership charged with the responsibility of ensuring economic stability, taking into account the fundamental choices of losers of the concluded elections and the direction that his administration will follow. Besides, part one seeks to divulge into the White House to meet key authorities who are locked in serious debates over the administrative direction and ways to rescue Wall Street.