Brilliant Frontline Documentary: "Inside the Meltdown"

The dramatic story that just took place detailing step-by-step the unravelling of the financial system. Of course, today's problems didn't just appear, but this documentary brings incredible insight into the players and their sentiment. The first of a three part series on the crisis.

With great difficulty, I will avoid elaborating and, instead, encourage you to watch the documentary yourselves. It begins as news of the possible fall of Bear Stearns ripples through the markets, and it continues with the fall of Lehman Bros and the disasterous results that follows, including the current experience at AIG.

An excellent description into the minds of those involved as they assessed moral hazard versus systemic risk.

The idea was to link to the Frontline page, but there seems to be a broken connection. So, we'll embed the documentary on this post. There is no doubt that the people at PBS will approve. Please visit www.frontline.com for great complementary resources to this material.