One of the benefits of waking up at 5 AM to exercise is catching interesting documentaries.
This morning I watched “Inside the Meltdown” on PBS. It’s about “how the economy went so bad, so fast and what Bernanke and Paulson didn’t see, couldn’t stop and weren’t able to fix.” This program recounts the events of the past year, including discussion of systemic risk, Lehman Brothers’ crash, moral hazards, toxic assets, and capital injection among other things. The presentation also features commentary by journalists, economists, and politicians, featuring videos of past events and excellent photographs.
You can watch the documentary and read the analysis, timeline, and interviews on PBS website.