Monday, December 31, 2012

TV Movie : Too Big to Fail (2011)

Director : Curtis Hanson
Richard Fuld : James Woods
Joe Gregroy : John Heard
Henry Paulson : William Hurt
Ben Bernanke : Paul Giamatti

"Too Big to Fail:  The Inside Story of How Wall Street and Washington Fought to Save the Financial System - and Themselves"



"I spent my entire academic career studying the Great Depression. The depression may have started because of a stock market crash, but what hit the general economy was a disruption of credit. Average citizens unable to borrow money, to do anything. To buy a home, start a business, stock their shelves. Credit has the ability to build a modern economy, but lack of credit has the ability to destroy it, swiftly and absolutely. If we do not act, boldly and immediately, we will replay the depression of the 1930s, only this time it will be far, far worse. We don't do this now, we won't have an economy on Monday."

"I don't really understand why there needs to be so much tension about this. The country is facing the worst economy since the Great Depression. If the financial system collapses, it will take every one of you down."




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