-For the History records-
In one of the most complete documentaries undertaken on the financial crisis, PBS Frontline's "Money, Power, & Wall Street" series stretches from the origins of the credit derivative business with a pool-side Blythe Masters and her JPMorgan colleagues to the scary (but absolutely true) fact that the financial crisis never ended.
The four-part series can be found on the link below. A must-watch series from beginning to end to get a grasp of how we got here, where exactly we are now and what we can expect in the next few years.
The chapter-headings alone generate enough insight into the documentary's depth
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
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.
In addition the entire set of 20 in-depth interviews with the various players (from Sheila Bair to Rodgin Cohen with a smattering of Jared Bernstein and Dick Fisher in between) can be found