I just finished a great documentary on PBS’ Frontline called Inside the Meltown. This segment, which aired last Tuesday, chronicled the beginnings of the U.S.’s current economic troubles, from Bears Stearns “shotgun wedding”, to the October 2008 investment of the U.S. Government in the nation’s nine largest banks. Even though this documentary gave an “infusion is the only option” point of view, and hailed Paulson’s “conversion” from conservative to expansive policy, I still enjoyed the timeline aspect and learned a lot. I’m interested in learning more about the idea of Moral Hazard (just a name for an idea that we’re all familiar with), and why this idea has been completely steamrolled in the interest of stopping the fall of Wall Street. Check out the website, where you can also watch this segment online.

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