“Too Big To Fail”-Watch and Discuss

If you’ve been busy conducting an anthropological study of the indigenous tribes living in the jungles of Brazil with no access to your Iphone since 2008, you’ve probably missed the near-collapse of the US financial system that plunged the world into a financial crisis.  Well, don’t worry!  There’s a great film out there that offers an in-depth look into the few weeks that US government leaders, global heads of state and CEOs of major financial institutions were scrambling to keep the ceiling from caving in on all of us!

“Too Big To Fail,” a bestselling book written by Andrew Ross Sorkin (who is now a CNBC commentator) was later turned into a film that garnered multiple Emmy nominations.  Here’s what the illustrious IMDB has to say about the film:

“A close look behind the scenes, between late March and mid-October, 2008: we follow Richard Fuld’s benighted attempt to save Lehman Brothers; conversations among Hank Paulson (the Secretary of the Treasury), Ben Bernanke (chair of the Federal Reserve), and Tim Geithner (president of the New York Fed) as they seek a private solution for Lehman’s; and, back-channel negotiations among Paulson, Warren Buffet, investment bankers, a British regulator, and members of Congress as almost all work to save the U.S. economy. By the end, with the no-strings bailout arranged, modest confidence restored on Wall Street, and a meltdown averted, Paulson wonders if banks will lend. Written by <jhailey@hotmail.com> ”

Exciting, right?  And these events actually HAPPENED!  You can’t make this stuff up!

Money Moxie is hosting a Film Viewing Salon on Tuesday September 25–we’ll watch the film and then discuss the implications of the events of that crazy weekend in September 2008 when Lehman went down and Merrill Lynch was saved.  Attendees will leave with a better understanding of the roles of the Fed Reserve Chairman, the Treasury Secretary and other financial officials, the events that sparked the financial crash and how the government bailouts helped or hindered the recovery.  We might even discuss whether there’s a need for more financial reform in light of the crash.

Wine, beer and popcorn will be provided-$25.  Sign up here: http://fallsalonseriestix.eventbrite.com/


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