Money, Power and Wall Street, Part Two (full documentary)

Money, Power and Wall Street, Part Two (full documentary) | FRONTLINE

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2 жыл бұрын

In part two of this 2012 award-winning series, FRONTLINE investigates the largest government bailout in U.S. history and a series of decisions that rewrote the rules of government and fueled a debate that would alter the country’s political landscape.
This journalism is made possible by viewers like you. Support your local PBS station here: www.pbs.org/donate.
In the second hour of Money, Power and Wall Street, FRONTLINE producer Michael Kirk tells the story of how the country’s leaders-Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke and New York Federal Reserve President Timothy Geithner-struggled to respond to a financial crisis that caught them by surprise.
FRONTLINE’s veteran financial and political producers Michael Kirk (The Choice 2020: Trump Vs. Biden, United States of Conspiracy), Martin Smith (The Crown Prince of Saudi Arabia, The Pension Gamble), Marcela Gaviria (A Subprime Education, Separated: Children at the Border) and Tom Jennings (Right to Fail, Opioids Inc.) team up to present this Emmy Award-winning documentary series.
#Documentary #MoneyPowerWallStreet
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Major funding for FRONTLINE is provided by the Ford Foundation. Additional funding is provided by the Abrams Foundation; the John D. and Catherine T. MacArthur Foundation; Park Foundation; and the FRONTLINE Journalism Fund with major support from Jon and Jo Ann Hagler on behalf of the Jon L. Hagler Foundation, and additional support from Koo and Patricia Yuen.

Пікірлер: 1 600

@williamyejun8508 5 ай бұрын

There will likely be no end to the current banking crisis very soon. Experts with over ten years of experience know that credit problems don't go away in two weeks. It's funny to see how some individuals think everything has already finished so quickly. We are seeing a contraction of credit that will eventually lead to a significant downturn of the economy as a whole.

@alexyoung3126 5 ай бұрын

I've come to see that companies are not trustworthy over time. I suffered greatly during the 2008 financial crisis. I've just started concentrating on investing through a financial advisor since 2019, and it's been profitable. Since I began in 2019, there has never been a significant loss reported. I will never work full-time in a bank again.

@simonfes3770 5 ай бұрын

With the help of the same investment advisor, I diversified my 62K portfolio across many markets and in a matter of months, I was able to produce over 356K in net profit from high dividend yield equities, bonds, and exchange-traded funds (ETFs).

@lawerencemiller9720 5 ай бұрын

This is really impressive, hope you don't mind if I ask you to recommend this particular professional you use their service? I have quite a lots of difficulty sorting myself out in this downtime.

@simonfes3770 5 ай бұрын

credits to *Natalie Marie Tuttle* , one of the best portfolio manager;s out there. she;s well known, you should look her up

@lawerencemiller9720 5 ай бұрын

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

@GorkemHernandez Ай бұрын

As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

@GorkemHernandez Ай бұрын

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

@GorkemHernandez Ай бұрын

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

@CRS-sc3oj 2 жыл бұрын

It is difficult to relive this without breaking my phone in a fit of rage.

@heidikure3372 2 жыл бұрын

I lived it n lost everything. But didn't loose my mind

@leewatkins1610 Жыл бұрын

this narrator has the best voice ever to do documentaries.His seriousness,his tone is the very best.I have said this for 20 years.There is no one better...

@dennisbrock1435 7 ай бұрын

Yelp just like Joseph Goebbels.

@mercedesbenz6657 5 ай бұрын

What is his name?

@Raymondcraw1967RaymondCrawley 21 күн бұрын

I am regretting not investing in stocks ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money?

@FaithAndrada-xo9ou 21 күн бұрын

Thats when you hire someone to manage your money. You need a (CFP) straight up! personally, I would invest in ETF's and also love investing in individual stocks.

@BrewerVera 21 күн бұрын

I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 28%.

@AndersonFair-cy2bb 21 күн бұрын

Your advisor must be really good, how I can get in touch with them as my portfolio isn't doing well.

@BrewerVera 21 күн бұрын

I don't comfortably throw recommendations around on the internet, but I've been working with 'Melissa Maureen Ward'. God, she's brilliant! I'm sure there are others who are good.

@AndersonFair-cy2bb 21 күн бұрын

Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.

@geneahart5607 2 жыл бұрын

The real story is that no one that was responsible had to pay, in any way.

@oldmandoinghighkicksonlyin1368 2 жыл бұрын

Obama could have, but Timothy Geitner convinced him that "doom and gloom" would've rained down if the president threw his friends in jail. So he pussed out. And because of that, the Tea Party was born. Then Trump. It's all linked.

@tonyfrattaroli7371 2 жыл бұрын

Correct - we paid for them

@HarmonixsLoL 2 жыл бұрын

The American people paid for it.

@russellhamner4898 2 жыл бұрын

They were given pretty stern reprimands and promised they'd never* do it again! What more do you want from them?

@peredavi 2 жыл бұрын

Washington is totally owned by BigMoney. The middle class, what’s left of it, pays the taxes and dies in their stupid wars.

@pngo2017 Жыл бұрын

Every high school and college student should be watching this documentary before graduating, imo.

@NetworkSkyler 2 жыл бұрын

At 51:00 my stomach dropped. Learning that there were no rules put in place as to how these banks should act or use the money they were given makes no sense. Zero logic. Imagine receiving billions of dollars for doing a horrendous, criminal job.

@1MinuteFlipDoc 2 жыл бұрын

the rules are for thee but not for me. :)

@jamiekensington1155 2 жыл бұрын

Yup that's basically what happened. I want to know how this was for the good of the country, really please tell me

@podglewis 2 жыл бұрын

That’s capitalism bruh

@homijbhabha8860 2 жыл бұрын

@@podglewis that's crony capitalism, not capitalism, if it was capitalism, the free market would dictate that these banks should collapse. The Dillema is these banks were so big due to lobbying that them failing meant the US economic collapse, like Venezuelan level shit.

@podglewis 2 жыл бұрын

@@homijbhabha8860 what lead to this problem was capitalism and what befell them was cronyism. We should have let them burn. All we did was move the goal posts to prolong the eventual collapse.

@Olivia-pe5vf 2 жыл бұрын

No punishment. How unfair. Nobody comes to rescue me from my debt. What happened to no government entervention? Welfare for the rich.

@oldmandoinghighkicksonlyin1368 2 жыл бұрын

That to me is Obama's legacy. He had a chance to strike a blow for the people -- the reset the scales and stand up for an American ideal. But he opted to do nothing in the interest of "stability." But banks would've been fine if you threw the top 5 CEOs in jail for life.

@gloria8093 2 жыл бұрын

@@oldmandoinghighkicksonlyin1368 Technically they hadn't broken any laws, well most of them anyways. What he should have done was tie the 2nd bailout to debt relief. I could understand the urgent panicked nature of the 1st bailout, but the 2nd bailout had more breathing room.

@michaelswami 2 жыл бұрын

Wait, you wrote this after the pandemic. Did you cash any of those checks? Take advantage of any of those loans, deferments, or unemployment extensions?

@toddinthemiddle Жыл бұрын

@@michaelswami 🤡

@toddinthemiddle Жыл бұрын

@@gloria8093 it's not a matter of law, it's the fact that banks use our money against us in the market to, essentially, steal from us through hedge funds that DO break the law.

@fireball0762 2 жыл бұрын

Thank you PBS. This is the kind of documentary we need to see in the USA

@JayBryce916 2 жыл бұрын

It's a club and obviously we ain't in it🎯💯

@hornpub267 2 жыл бұрын

MEMBERS OF THE CLUB MUST SELL THEIR SOUL TO SATAN

@awalker8371 2 жыл бұрын

George Carlin classic

@JayBryce916 2 жыл бұрын

@@awalker8371 you hit my comment right on the nail😜👌🏾💯

@jameswood9772 8 ай бұрын

Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich

@bobbymainz1160 8 ай бұрын

I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or markt condition, but such execution are usuallv carried out by investment experts or advisors with experience since the 08' crash

@alexyoung3126 8 ай бұрын

The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, invt-advisors are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded nearly 300%, summing up to 7-figure as of today.

@lawerencemiller9720 8 ай бұрын

this is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy

@alexyoung3126 8 ай бұрын

Lisa Angelique Abel is the advisor that oversees my portfolio. She's been able to gain some reputation and online recognition with over two decades in service, so it shouldn't be a hassle to find basic info.

@lawerencemiller9720 8 ай бұрын

this recommendation came at right time, very much appreciate it. curiously inputted her full name on my browser and found her site top search, no bs.. over 20 years of experience is certainly striking!

@ReclaimerX 2 жыл бұрын

Buckle up, 2022 looking like round 2. 2008 never stopped, they just pushed the pause button.

@obey2dmax 2 жыл бұрын

@Reclaimer. I think next time which is very imminent will be 10 times worst than 2008- 2010 Housing Bubble because pandemic made it worse. Housing Market doesn't need correction, but the system needs to be overhauled. Prices are outrageous. The only difference is that in 2008-2010 banking institutions were bailed out, recently it was taxpayers were the recipient of a massive bailout. The next one could be THE financial armageddon that will succumbed US Economy to its knees.

@ReclaimerX 2 жыл бұрын

@@obey2dmax covid was a convient excuse for them, things were gonna implode anyway, now they can blame something other than their reckless greed. And yes, by the current look of things... it's already much worse.

@robertdivany1627 2 жыл бұрын

The rich got richer and the poor got homeless with this crisis. I remember that very well

@JayBryce916 2 жыл бұрын

Morals?...Do whatever it takes to stay in power I guess. No winners in this situation 😒

@oldmandoinghighkicksonlyin1368 2 жыл бұрын

Don't forget all the extra suicides among the poor.

@cadillacmonte 2 жыл бұрын

That’s what you all get for supporting capitalism and that’s how it’ll forever be until we implement a new system

@robertdivany1627 2 жыл бұрын

@@cadillacmonte and what that system will be like

@mikeylikesit3393 2 жыл бұрын

@@cadillacmonte so ignorant. Saying capitalism is bad is silly. Only young people throw out these asinine statements. Having a free market with regulations is how our country works. US made a huge mistake and allowed this to happen. Parameters are now in place to protect our population from this debacle.

@brianrushing6246 2 жыл бұрын

What I've learned here is a few hundred people should of been pulling time in a federal prison.

@lorinelson7523 2 жыл бұрын

Exactly! Did these people pay any personal price at all? No!

@lawsonj39 2 жыл бұрын

Including the regulators and politicians who failed to force these financial instruments into the light of day.

@annowens5019 2 жыл бұрын

ALL of the above!

@webtraveler0774 2 жыл бұрын

Yes, bail them out but put in jail the ones to tank the economy or at the very least mutli millionaire fines and barred from finance.

@oldones59 2 жыл бұрын

In solitary confinement.

@humbertXX 2 жыл бұрын

This had me at the edge of my seat. Frontline is the GOAT.

@tomlxyz 2 жыл бұрын

Goat?

@gonebamboo4116 2 жыл бұрын

Frontline sounds more & more like controlled opposition. I'd like to see a Frontline episode on that topic as well as Hegelian dialect and ideological subversion.

@CRS-sc3oj 2 жыл бұрын

GOAT = greatest of all time. Controlled opposition? Exactly what part of the truth is missing that cannot be tolerated? I think they do a phenomenal job of reporting the plain facts while maintaining political neutrality, which is very rare in our current journalistic milieu

@rakheemaesthetic8783 2 жыл бұрын

They apart of the problem...always reporting after the problem why dont they really get on the frontline and start reporting before the problem

@CRS-sc3oj 2 жыл бұрын

@@rakheemaesthetic8783 it’s kind of hard to report on something before it has even happened. If you mean while it is happening, they do that all the time. They also do in depth retrospective that takes years of recent events together. Part of what problem? The issue of bankers and Wall Street? The disparity of power and income inequality? I don’t see your point.

@insomnia9999 2 жыл бұрын

I had just graduated college and this was the first time after 9/11 that the only thing I watched was this. All my friends lost their jobs and had to move back home. I was one of the “lucky” ones that was able to keep my job but did not get a raise or cost of loving adjustment for 4 years straight.

@johnpinheiro6211 Жыл бұрын

Aaaaaaaas

@alexyoung3126 Жыл бұрын

Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.

@stephaniestella213 Жыл бұрын

My main concern is now how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.

@oneiljerry9460 Жыл бұрын

It's a delicate season now, so you can do little or nothing on your own. Hence I will suggest you get yourself a financial market expert that can provide you with entry and exit points on the securities you focus on.

@kimyoung8414 Жыл бұрын

@Zahair O'Brian could you advise how to reach your advisor? because I'm seeking for a more effective investment approach?

@kimyoung8414 Жыл бұрын

@Zahair O'Brian I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes. Thanks

@motherlessgoat72 2 ай бұрын

@@zahairobrian671These are bots. None of this is legit. They're using fear-mongering to get you to funnel your life-saving to a questionable investment broker who will then suddenly disappear once you wire the money to them. Run far away from these scams. They mean nothing but financial pain in your near future.

@slackhackman9115 2 жыл бұрын

The excessive level of greed involved in this was beyond biblical.

@walterwilson7859 2 жыл бұрын

*Is beyond biblical.

@darkness595 2 жыл бұрын

@@mdstate829 that’s why the government has to REGULATE THEM …

@hornpub267 2 жыл бұрын

WALLSTREET IS SATANIC

@johnhopper6521 2 жыл бұрын

Evilous!!

@79wouter 2 жыл бұрын

You have to remember, these are people believing theories professed by people like Milton Friedman. My only job is to make as much profit as possible. The more profit I make, the better off everybody will be. Intentions are good. And you see that throughout this documentary, whether it's the bankers inventing tools that lets more people buy houses, or the politicians bailing out banks to prevent the economy from 'disappearing'. Good intentions, bad intellect. It's logical when you think of it. As if people are going to be able to live with themselves knowing they are horrible people. Even Hitler must have thought he was doing the world a favor. Even the people that financed him. Even the people behind the assination of JFK. It's hard but think about it. How many people have you met that just say: jup, I'm a complete and utter piece of shit, I like to do horrendous things that benefit no one but me'. That's not how people are. As humanity progresses and things become increasingly more complex and volitile, it seems that human intellect is increasingly challenged, and that decisions become more disastrous. Our brains are built for picking berries and hunting deer. Now they are commanding nations and economies.

@slimegamer4724 2 жыл бұрын

It’s gross how the ones who caused the crisis faced no consequences

@cy_young_9104 Жыл бұрын

Their consequence was million dollar bonuses

@mohdakil1098 Жыл бұрын

@@cy_young_9104 😅

@topgrain Жыл бұрын

They were literally rewarded for it. No effect on their outlandish salaries, bonuses, etc. All for f'king the economy nearly into its grave.

@bencrawford6350 Жыл бұрын

@@topgrain nv

@lonemaus562 Жыл бұрын

Not only did they not get in trouble They actually made money lmao.

@Arsenic71 4 ай бұрын

Without any doubt, this is the best documentary series about the financial/subprime mortgage crisis ever done. Frontline is a real reference when it comes to facts. As a European I am grateful for this kind of unbiased and fact-based videos. God bless you!

@julianciahaconsulting8663 2 ай бұрын

I think these documentaries are just giving an officially approved sanitized account of what happened; what real happened behind the scenes is something we would never be fully told. On every major news event we are just given a few fleeting milliseconds of peeking thru the door of Truth before that door is slammed shut again....

@philleach6271 2 жыл бұрын

700 billion is going to look like child’s play in the next financial crisis. And it’s coming sooner or later .

@WackadoodleMalarkey 2 жыл бұрын

$700 bill will get you a squirt of Starbucks after it's all over

@craigpoer 2 жыл бұрын

1.5 trillion last year 3.5 trillion this year Makes billions look like small stuff. All on the backs of the middle class

@Happy32153 2 жыл бұрын

What if we refuse to pay it back?

@philleach6271 2 жыл бұрын

@@Happy32153 you end up incarcerated.

@waynedonoghue4071 2 жыл бұрын

@@philleach6271 Not if every single person came together and refused.. They can't throw everyone in jail... But, that will never happen.. Because society hasn't learned how to come together as one yet.. Imagine, billions of people, against a few hundred who tell us all what to do.. and we haven't figured out how to join together and say 'no'... Instead we just remain as individuals and do what they say.. Such a shame

@hersdera 8 ай бұрын

A number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 65, I would appreciate any advice on potential investments.

@bernadofelix 8 ай бұрын

Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems.

@angelobrussel710 7 ай бұрын

@@leonAlbert90 SCAMM as well

@CultgentlemanJack 6 ай бұрын

Watch out be very careful who you listen two. There is a lot of con artists looking to take people like you for everything. I would delete tour post you just let a lot of people know how much money you have.

@patriciaclark9957 6 ай бұрын

Yeah I'm sure she's legit.

@justmyopinion9883 2 жыл бұрын

Thank you, Frontline. Magnificent documentary; I learned so much.

@slackhackman9115 2 жыл бұрын

I concur 🙂 Frontline digs alright 👍

@99.99 2 жыл бұрын

Horrible reporting . They give you the impression the politicians are better off paying then letting the crash happen and that is the problem! Journalism should instruct the public not deceive them. Our economy is a giant Ponzi.

@MsGreenbaypackerfan Жыл бұрын

da f

@numberstationscartoon2689 2 жыл бұрын

Frontline is such an amazing source of information. This is such a fascinating example of the inner workings of Wall Street.

@elevatormechanic7120 2 жыл бұрын

If Frontline is such an amazing source of information why is Frontline not talking about the current REPO market blowing through one trillion a night? Has Frontline published articles showing how the Federal Reserve is monetizing our debt? Has Frontline established how zero percent interest rates are destroying savers, especially the retirees? Has Frontline investigated JP Morgan Chase for spoofing the precious metals market and receiving nothing more than a slap on the wrist? Maybe Frontline should show how fiat currency system typically only last forty to fifty years throughout history, and that this fiat system is currently collapsing.

@cheeseburger9232 2 жыл бұрын

@@elevatormechanic7120 maybe they tell us in 8 years

@sombrecynic4966 2 жыл бұрын

@@elevatormechanic7120 You do realize you can't discuss every single financial problem that has ever existed in one video, right? Stop it. Get some help.

@elevatormechanic7120 2 жыл бұрын

@@sombrecynic4966 personally I am ready for a banking collapse. It just sucks for everybody else that doesn’t know, through no fault of their own that will pay the price for it.

@Anewuser_6282 2 жыл бұрын

Frontline is a great resource but it is biased (to the left) and influenced by its sponsors; mass media, including PBS, is propaganda.

@russellhamner4898 2 жыл бұрын

As a taxpayer - and I know I speak for all of us here - I am so glad that I got to help bail out all of these crooked, greedy banks. I'm SO glad that none of their executives had to go to jail over this! "Privatized success, socialized losses." It's the American way! 'MURRIKA!!! F YEAH!!

@robertpendergrass7996 Жыл бұрын

All started in 1980-2022, 42 years of Ragonomics Republican and Moderate Democrats failed economic tax policies to the richest 1% and corporate America. At the expense of American infrastructure rebuilding blue collar middle class workers and the working class poor. Minimum wage over this 42year year 1980-2022 period only 7.25hr making corporate slaves out of all working class Americans . Over 54 tillion dollars plus two corporate America taxpayer baiouts to the rich. Truth + Wisdom = Peace ✌ 🙏 👏 .

@michaelbryant2071 Жыл бұрын

What is so ironic, these thieves advocated for no oversight. They simply became victims of their own greed. When that happened who did they turn to for help? The same government they didn't want looking over their shoulder.

@ndiogoudjim4123 Жыл бұрын

Pour un meilleur parcours professionnel et éducatif me renforce de motivation pour un monde meilleur climat

@kellyname5733 11 ай бұрын

@@michaelbryant2071 Victims?? No effing way. They all walked with trillions of our tax dollars. Those monies are called 'Comps'. Money taken first to all those who are involved is the sale/merger/bankruptcy. Money that came from all of us called tax's.

@appalachiabrauchfrau 11 ай бұрын

mmmmm I love corporate socialism. Can't let a company fail, oh no no! But you had a stroke? Good luck with your insane bill lol. t. US gov

@DanLeahfort Жыл бұрын

Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. Now my question, what steps can we take to generate more income during quantitative adjustment? Also, where should we put our invstment money now to better prepare for the future and a liquidity crisis? I can't afford my hard-earned $80,000 savings to turn to dust

@GarrettDills Жыл бұрын

Me too. I want to build wealth through taking the time and effort to consistently invest but i lack good knowledge and strategy to outperform the market, yielding good returns. I have $60k i want to transfer into an s&s isa but its hard to bite the bullet and do it.

@RachelBrinkmeier Жыл бұрын

The truth is that people are finally waking up to the fact that our systems are falling in thousands of different ways all around us. Get a Fiduciary-counselor my friend they provide personalized advice to individuals based on their risk appetite, placing them among the best of the best.

@velayuthman Жыл бұрын

@@RachelBrinkmeier I agree. Based on firsthand encounter with KATHERINE DUFFY BURKE, now i have $55k in a well diversified portfolio which has grown by 3x with compounding, venturing doesn’t necessarily boil down to money but you also have to be informed, be patient and back it up with good hands

@ThormanBoucher Жыл бұрын

@@velayuthman WOW!!!. I will be retiring early and i want to expanded my $380k reserve. Please who helped you and how can I count with Katherine?

@TeresaBrickle Жыл бұрын

@@velayuthman I curiously looked up the name and came across her webpage, her credentials/testimonials seem solid with positive reviews, I just left her a note. Thanks a lot

@kidhuman1 2 жыл бұрын

so we solved their greed and corruption by giving them a blank check and a pat on the back. nice

@belljoe 2 ай бұрын

Making a million box is easy. I made a couple of millions trading in 2022. What is hardest is making your first million. Don't give up but ensure to take the right steps as each financial decision you make can make or mar your finance. Peace

@Patriciacraig599 2 ай бұрын

I started investing about 2 years ago. But with the way things are going, I honestly do not see my self making a million box anytime soon. I trade on stocks but my profit and loss margin are grossly miles apart

@Alejandracamacho357 2 ай бұрын

I don't have a full-time job; instead, I'm self-employed with a variety of sources of income. Regardless of how much money I generate each month, I maintain the same budget and adhere to my means-tested lifestyle.

@smithlenn 2 ай бұрын

Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.

@Patriciacraig599 2 ай бұрын

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same

@smithlenn 2 ай бұрын

I definitely share your sentiment about these firms. When I was starting out, I checked out a couple of freelance investors online, so you could do the same. I personally work with Julia Hope marble and she's really good.

@SrJackquito 2 жыл бұрын

“They didn’t see how the financial system was rotten over years” Of course they didn’t. Watch part 1 of this series and you will understand why. In the 1990s the government failed to regulate such markets. Yes there were some signs missed by the government, but those signs were just crumbs compared to the whole issue beneath.

@tombryant52jumpscoach 2 жыл бұрын

There was a time when banking, insurance, investment businesses were not allowed to mix. That was the law. There was a good reason for that I suppose.

@pauly260 2 жыл бұрын

…and no one went to jail.

@raedbilbessi4397 2 жыл бұрын

The curses of our times; politics, banks, greed, and the lack of any kind of accountability.

@w.everett8860 2 жыл бұрын

I couldn't even imagine getting crushed by a market collapse, and then immediately after, learning my life savings invested with Madoff were completely gone. These people are soulless greed hounds and deserve lengthy prison terms instead of multi-million dollar bonuses.

@briangodby8405 Жыл бұрын

It sucks that's pretty much what happened to me....

@lilyofthevalley9819 Жыл бұрын

TotallyAgree...those ppl getting bonuses? ITs a bad joke.& My taxDollarsGo2BailThemOut 😞

@greenboxmedia6291 9 ай бұрын

Arresting these fools, would be too civilized...a more harsh punishment is deserving...🤔

@Bestfuture-2023EL Жыл бұрын

These 3 individuals really didn't handle the great recession well. Thanks PBS in showing the details behind the scenes. How could Paulson, Geithner and Benarke give our taxpayer money to the banks without putting specific regulatory actions and restraints on the Bank CEOs compensation and penalty ? This shows how much contradiction of what Paulson claims on "Moral Hazard." Before the recession, Greenspan made one of the major mistakes at the taxpayers cost: No underwriting regulation on risky mortgage product. I hope Greenspan never come out speaking about economics because he has lost his credibility as an economist and Fed official who should safeguard the interest of ordinary folk.

@compugasm Ай бұрын

_How could Paulson, Geithner and Benarke give our taxpayer money to the banks without putting specific regulatory actions and restraints on the Bank CEOs_ And here we are, at the brink of giving Ukraine another XX billions, with no accountability.

@benm3382 2 жыл бұрын

I think this debacle was really the inevitable result of our system, where more money and more growth is always considered better. There is no incentive not to push everything to the limit, especially when you yourself won't be held accountable.

@MathForAll81 2 жыл бұрын

Alan Greenspan , Ben bernanke ,&Henry Paulson were the architects of ‘08 recession

@dub-ya243 2 жыл бұрын

Frontline is my all-time favorite investigative program; no other programming can compare. I would say, Implement All of the "H. R. 4173, The Dodd-Frank Wall Street Reform and Consumer Protection Act." Most of all, hold the Banks and Wall Street accountable. Also, this video should be used as a learning tool in our schools as it points out just how things can go wrong.

@samboescondido5609 Жыл бұрын

This episode is perhaps the clearest explanation of how everything went so wrong. It really laid out how the dominoes fell

@pastexpiry2013B 2 жыл бұрын

I want this guy to narrate my funeral.

@laurasplicer712 2 жыл бұрын

Wheres your maga hat?

@Moodboard39 11 ай бұрын

That's stupid request

@ShamileII 2 жыл бұрын

So much awesomeness! What a fantastic documentary. Having lived through it with my aluminum manufacturing company and rental properties on the line, I remember every news story on CNBC from that time. It was constantly "waiting for the other shoe to drop"

@fourhorseman7081 2 жыл бұрын

Ron Paul "How do all wall street CEO's become the Chairman of the Federal Reserve?" Ben Bernake "We are the only ones who understand how the economy works." ---proceeds to run the economy into the ground. Yep that's how it works.

@LIONTAMER3D Жыл бұрын

not that you comprehend any of this, but how exactly did bernake "run the economy into the ground"?

@masikoniwagaba Жыл бұрын

Bernanke was a UNIVERSITY ECONOMICS PROFESSOR

@fourhorseman7081 Жыл бұрын

@@LIONTAMER3D love you guys, but the response of the Fed has always been print more money. It doesn’t work. Raising rates to regulate inflation doesn’t work either. You should never control the countries financial status by what your government dictates by your borrowing rates.

@fourhorseman7081 Жыл бұрын

@Michael Vainshtein and since I was never employed at Goldman Sachs I never will be.

@motherofdoggos3209 Жыл бұрын

What really set me off was a few weeks later when these bank managers walked out with huge bonuses. My husband and I didn't take a CENT out of our business for six months. I lost my IRA but saved our house.

@123saycheese 2 жыл бұрын

In a few more years we will see another Frontline doc on another financial meltdown on this upcoming year…sad

@andrewDaMack 2 жыл бұрын

How did the government bailed these banks yet these banks and mortgage companies were allowed to foreclosed people's homes?

@Moodboard39 11 ай бұрын

Hmmmm

@davidk8457 2 жыл бұрын

I think we are about to experience something even worse ... god help us.

@youn-heepare2034 2 жыл бұрын

Moral hazard. These people are like spoiled teenagers with a rich daddy who never spent time with them. They will never learn if you keep bailing them out. You may keep them out of jail but money will not bail them out of hell

@Kwodzoshadrack Жыл бұрын

Thank you for this wonderful video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?

@uruakpastanley Жыл бұрын

I'm happy to see Mrs. Adriana carlos mentioned here , my spouse recommended her to me after investing $ 5000 and she has really helped us financially in times of COVID -19 lockdown here in Australia. 🇦🇺

@Kwodzoshadrack Жыл бұрын

@Michael Ruben Thanks for the information. I will communicate with her

@raskudzie2918 Ай бұрын

@@Kwodzoshadrack its a scam

@oldones59 2 жыл бұрын

I'm on limited fixed income. I buy a $1 scratch off lottery ticket once in a while. I have no empathy or compassion for the arrogant people who were involved in these matters.

@aguerozeus9705 2 жыл бұрын

The economy hardship, recession, unemployment and loss of job caused by covid pandemic is enough to push people into financial ventures.

@ervinmiller938 2 жыл бұрын

I have secured financial freedom by Investing in bonds, equities, EFT's and some digital currencies

@jamesmarcus4105 2 жыл бұрын

Invest just 10% of your earnings, your own hand-picked stocks. You'll realize that you have beaten "Monday blues" for the life. There's a mystery in investment, that's why Investing in cryptocurrency is one of the best chance of making money

@darrellrichardson9772 2 жыл бұрын

@@ervinmiller938 I wanted to invest more on digital currencies (crypto) but the fluctuations in crypto value discourage me into dumping.

@hassanzackir3949 2 жыл бұрын

@@darrellrichardson9772 that's why you need the help of a professional who trade and understand the market to earn good more income. These professionals understand the market like it's there own finances

@smithwillison6345 2 жыл бұрын

it's surprising that people are so scared and discouraged by sudden drop in value, most crypto traders and investors are less knowledgeable about the dynamic of Cryptocurrency. it's a time to be investing with Mrs Bella.

@mrsirdrbiology 2 жыл бұрын

I dont like how so many of these people are smiling when talking about the damage that happened and their part of it.

@Theactivebob 2 жыл бұрын

Do you think It makes sense to consider our life as something serious? You are not a philosopher.

@w.everett8860 2 жыл бұрын

@@Theactivebob Your response is easily one of the dumbest things I've ever read.

@Theactivebob 2 жыл бұрын

@@w.everett8860 I'm glad to read your comment. You don't understand life. People like you create a lot of additional resources to manage and use you)

@maxprado9030 2 жыл бұрын

Unbelievable work Frontline! Bravo.

@jtellett 6 ай бұрын

Frontline is awesome. They produced some great documentaries during this crisis.

@W.C. Жыл бұрын

Fascinating series. The sad truth is that the small guy always loses in this country.

@187mrsmith 2 жыл бұрын

Every single one of those bankers that created the CDOs should be fired should never be allowed to work in the financial institute again or have any type of impact on our economy But yet they all still have Top jobs at other fortune 500 companies affecting our economy

@Moodboard39 11 ай бұрын

Blyhe masters started all this... It was her idea.

@ralphmorton2674 2 жыл бұрын

Excellent documentary! Outstanding journalism Frontline! RCM

@rayjulian8044 2 жыл бұрын

A big FU to every banker, CEO, CFO and all of those hedge fund investors.

@WoolleyWoolf Жыл бұрын

None of the banks and neither AIG should’ve been bailed out. The natural consequences of their decisions should’ve just played out; to see who it would’ve affected most - those with millions of dollars with comfortable lifestyles would’ve lost the most amount of money. Welcome to our class is what they deserved to hear.

@yogitam2372 2 ай бұрын

Totally agree with your statement.

@BB-ec4ss 2 жыл бұрын

Imagine taking orders from liars, thieves, paedophiles, psychopath's and mass murderers, and thinking you're more virtuous than those who disobey.

@glenselenselvs Жыл бұрын

As cheesy as it might sound PBS Frontline are the best.

@187mrsmith 2 жыл бұрын

Greed will always be a CEOs Downfall! Unfortunately the customers as n everyday folks are the 1s who feel it the most!

@rus7396 2 жыл бұрын

The world is so close to experience one of the worst economic meltdown ever experience by man kind in the great tribulation.

@dendres95608 2 жыл бұрын

I have been warning people for a couple years now.Once the markets resets or crashes if you will,It will make 08' look like a day at the beach! We are sliding into the greatest depression this country has witnessed.

@maire8481 2 жыл бұрын

Also, I don't know how I missed that press conference with Paulson. Where he literally ran away from the podium before anyone could ask a question. Pretty sure I'd remember something that alarming, had I seen it? Maybe not. There were a lotof alarming things going on.

@HelnoIaint 2 жыл бұрын

Is there a reason your airing this nine years later ? YES !

@rosslynemaina4714 Жыл бұрын

Maybe the participants couldn't talk then but did nine years later

@YABBAHEY1 2 жыл бұрын

And a happy ending. Thank goodness all the responsible rat finks retained their fourth beach front properties w/enough left over for hefty bonuses. Really had me worried there for a moment. Now if you'll excuse me I need to get back to my spot under the overpass before the rain starts (it's loud but relatively dry) Bless you Wall st.

@thelouster5815 2 жыл бұрын

Sorry sir but that bridge is corporate property and therefore squatting is prohibited. I’m afraid we’ll have to send you to prison for 10 years.

@Rickwmc 2 жыл бұрын

"Concentration of economic power in all-embracing corporations results in a private government which is a power unto itself - a regimentation of other people's money and other people's lives. - Franklin D. Roosevelt (32nd U .S. president).

@lynbeck2359 2 жыл бұрын

Great education, a reminder of investment bankers greed Truly, corporations need to pay higher taxes.

@arun8278 2 жыл бұрын

Wait so from the previous episode of the documentary, some people from JP Morgan came out with the idea for baggaging everything, then everyone followed suit, JP Morgan stopped and then the federal reserve payed them 30 billion dollars to fix the very problem they created. This is absurd. Correct me if I am wrong but wow.

@tonypaella Жыл бұрын

They weren't using it for msb's. They thought it was unsafe

@lourdesgriengo5278 Жыл бұрын

Great work Frontline.Thank you PBS.

@CustomerService-ni6wi 2 жыл бұрын

Imagine what the pharmaceutical industry is doing if this is what Wall Street and banks can do

@nanettematthews2264 2 жыл бұрын

SMMFH

@akashgaanola 2 жыл бұрын

Amazing documentary!

@YasinNabi Жыл бұрын

this is an awesome video, educational . thanks for uploading.

@hector5749 2 жыл бұрын

I was still in High School but I will never forget this. Still gets me upset.

@dennyatkins3842 2 жыл бұрын

I think the next meltdown is just around the corner. I remember 2008 I hated my job & was looking for something else. Luckily I didn't loose my job, but had to continue working it for another decade. Good jobs were hard to come by for a long time. Save your money & don't trust the government to take care of you.

@dennyatkins3842 2 жыл бұрын

@Denis Bajic you need a better job or adjust your spending to the point your eating beens & rice. The hard times will come. The question is will you be prepared. Everyone says they can't save a dime. It boils down to financial behavior. Even if you make minimum wage you can save $10 bucks a week.

@janejane386 Ай бұрын

TAlk about money,I keep loosing in real trade but win in Demo. Should I give up on Trade? What should I do? How may I do better? What I'm I doing incorrectly?

@Zubaida.Ali.Ali5327 Ай бұрын

here is my problem I have been making losses trying to make trade. I thought to trade demo is just like the real..can anyone help me out or at least tell me on what to do.

@maureen... Ай бұрын

I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.

@maureen... Ай бұрын

Kate Floretta in stagram

@maureen... Ай бұрын

Kate Floretta Face book

@maureen... Ай бұрын

Google "katefxfloretta" anywhere take classes and learn to trade.

@mecthegreat92 2 жыл бұрын

Screw correcting the market, government needs to focus on correcting the economy.

@187mrsmith 2 жыл бұрын

Its messed up the people that create this whole chaos get bailed out and get another top job at a fortune 500 company so therefore they face no consequences! While some of us are still dealing with this from 2008 where our families were affected through property and there networth!

@bigyt813 2 жыл бұрын

"Whenever you hear subprime, think shit" - Margot Robbie

@bluesstinger1975 2 жыл бұрын

The Big Short

@pwood5733 2 жыл бұрын

Love how these criminals and gambling addicts try telling us whats going on as if we the tax payers are too stupid to see through the bull poo and know what they are doing

@BrettWarniers 2 жыл бұрын

If you listen to this with singing bowl / meditation hang drum / peaceful forest with light rainfall sounds in the background. it stops being troubling and enraging and starts being informative and educational

@tomlxyz 2 жыл бұрын

It's that for me without any background music or noises

@rsod85 2 жыл бұрын

Or just watch it like a normal human being

@marcpadilla1094 2 ай бұрын

That was incredible. So many different parallels to a breakdown in morality. Ultimate risk aversion ,tacit, like vapor, but all so essential.

@aixelsydtcefrep8852 2 жыл бұрын

Frontline is so informative

@Moodboard39 11 ай бұрын

Better when you a narrator like that... He's work in monster quest lol

@samreynolds3789 2 жыл бұрын

MILLIONS MORE HOMELESS people , but WEALTHY people GOT RICHER!

@Cristian_M_ 6 ай бұрын

Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life

@tracyholian2944 6 ай бұрын

I’m celebrating a $30k stock portfolio today. I started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me

@Muchen218 6 ай бұрын

Wow, really. I was able to make my $25k on investment

@geralyncainglet2626 6 ай бұрын

@@tracyholian2944I’m looking for something I can venture into on a short term basis, I have $15k sitting in my savings

@aprilclaudette2057 6 ай бұрын

Assets that can make you rich *FX *Btcoin *Stocks *Gold *Real estate

@Brookeinda 6 ай бұрын

You’re right but a lot of people remain poor due to ignorance

@Frequency1682 11 ай бұрын

Are the blinders off yet? So disheartening on one hand to see how the money changers overdose and how the politicians administer the Narcan. So relieved on the other hand to learn I'm not imagining this. This really did happen. 🙈🙉🙊. Appreciate Frontline as usual.

@tonicruger 9 ай бұрын

Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 15 months and l've accumulated over $700K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.

@sherryie2 9 ай бұрын

Nobody knows anything you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.

@kurttSchuster 9 ай бұрын

@@sherryie2 I agree, that's the more reason I prefer my day to day invt decisions being guided by a fin-advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a fin-advisor for over 2years+ and I've netted over 2.8million.

@Mcllwain 9 ай бұрын

@@kurttSchuster I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?

@kurttSchuster 9 ай бұрын

@@Mcllwain My advsor is NICOLE DESIREE SIMON, you can easily look her up, she has years of financiaI market experience.

@Mcllwain 9 ай бұрын

@@kurttSchuster Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé

@amols101 2 жыл бұрын

Assuming most ppl watched part 1 as well. This started during the Clinton era, Bush let it continue, alongwith Fed and SEC and then Obama was left with two very bad choices between bailing out Wall St or letting the economy completely collapse. He went for the former. Both parties are responsible for this, in fact the whole system incl FED and SEC. I dont know what it will take America to being stop owned by the big banks.

@bhagyeshkotian1747 Жыл бұрын

People blame Obama not for creating or bailing the banks out. They blame him not punishing even a single banker and letting an ex goldman Sachs exec to handle the situation.

@tumimabogoane9319 Жыл бұрын

Thanks💯 It was very informative

@HighPorte 2 жыл бұрын

Excellent show.

@vegetariankitchenmagicaljo4948 2 жыл бұрын

Now it's 2021, the wall street's game are keeping going, nothing has changed. Still the same people in charge of the financial market.

@Obetv01 2 жыл бұрын

Between 2002 - 2006 in London, I sat on a sub prime mortgage that used to keep me up at night. It truly was the wild west for lending. Your typical high street bank will reject you for a mortgage. Then your FA will bring you a mortgage agreement from the same bank. One rule at the front door and another rule at the back door. Then when you examined the clauses and the variable interest rate. Like a ticking time bomb. I remember at the time thinking; I need to get out of this......burden. Luckily I did. Only afterwards did it dawn on me just how much I was adding to banks profits with their fees and variable rates. An institutionalized scam, mortgage lending..

@INNO222 2 жыл бұрын

I guess since this type of documentary is being taped and aired again, we're due for another one meltdown?

@Pettynicolla-HD-N.Ayeshamedina 8 ай бұрын

I love FRONTLINE

@chrisbaxter489 2 жыл бұрын

Never let a good crisis go to waste to steal money from the people, or at the very least devalue their currency.

@Roses-lilac 2 жыл бұрын

I remember Bush’s remark on the whole crash. He said, and I quote, “Oh boo hoo. You had 7 good years, what are y’all complaining about?” Then he left office and left Obama to clean up his mess.

@dennyatkins3842 2 жыл бұрын

Total BS! Obama gave us the worst economy in my lifetime.

@derbywinner6316 2 жыл бұрын

@@dennyatkins3842 look you don’t finish to watch the documentary

@tomlxyz 2 жыл бұрын

@@dennyatkins3842 blaming Obama for a economic problem that built up in the decades before his term? This is the type of voter stupidity that forces politicians to make irrational decisions because voters are too short sighted. Bush could have made stricter rules to avoid this but then voters would complain about him slowing down the economy.

@pastexpiry2013B 2 жыл бұрын

@@tomlxyz Sub 2% growth for 8 years under Obama... he owns at least half of that.

@zubinwarden7888 2 жыл бұрын

The problem started when American jobs, industries were sent mostly to China that was and is the start of the end of the American empire and yes corrupt politicians played their part in it at the expense of the the people, today it’s the federal reserve playing its part in the demolition of the economy and it’s citizens purchasing power, 20 years off war in Afghanistan, the Middle East etc it’s like the 60’s and 70’s decade of the Vietnam war, which ultimately forced Nixon to go off the gold standard, and it’s been from here that the demise of America began so it’s taken 50 years of unchecked money printing under the MMT that the federal reserve believes in

@michaelfernandez3182 2 жыл бұрын

Cash Bailouts for regular people is socialism, Cash Bailouts for incompetent corporations is responsible Capitalism!....the hypocrisy is disgusting. These people need to be held responsible.

@dianaverano7878 8 ай бұрын

Im suprised how americans easily mention " communism and socialism" Instead of being angry and demand from the govt to put in jail, those responsible for contributing the mortgage crash in 2008.

@junestewart5098 2 жыл бұрын

How did they manoeuvre ? Greed, pure and simply greed.

@scottishdude9682 2 жыл бұрын

I love how everyone talks about the evil government. You didn’t see those same people complaining when they got a zero down mortgage with an adjustable rate or refinancing their over valued home to go buy hummers and a boat. There is blame to go around for everyone.

@ShamileII 2 жыл бұрын

Those people lost their homes and possessions due to bad financial behavior. The banks got rewarded for theirs. .....see the difference now?

@oj662009 2 жыл бұрын

Did you even watch the documentary??

@dianaverano7878 8 ай бұрын

People's mortgage increased along the way. So some of them cant pay anymore. Some ended up homeless. While the people on top are rich. Even Gained money in the process. With no regulation on the newly financial tool they created.

@kwthsu 2 жыл бұрын

Let it meltdown, so it can re-civilize into a better society with knowledge learned from past mistakes!. It's the rejuvenation of society!

@Getmyssucked 2 жыл бұрын

Most of society is ok I think, it's the greed from entities too big to fail that will take us down, for good

@RobSatCP 2 жыл бұрын

It never comes back better. If we let it burn then the worst of the worst rise to the top. “Chaos is a ladder”

@nelsonduviella5119 3 ай бұрын

Informative and eluminating

@janklaasen1014 2 ай бұрын

Frontline and PBS. = great!

@hugodiazgarcia1266 2 жыл бұрын

Congratulations for your insightful analysis of the 2008 financial crisis or bankruptcy, which was the largest bailout in U.S. recent history and rewrote the rules of government on this economic sector due its bast impact on social well-being!!!.