Showing posts with label subprime mortgages. Show all posts
Showing posts with label subprime mortgages. Show all posts

May 6, 2009

Frontline's Inside the Meltdown

Great thriller, surreal. And it's real:

Frontline - Inside the Meltdown
On Thursday, Sept. 18, 2008, the astonished leadership of the U.S. Congress was told in a private session by the chairman of the Federal Reserve that the American economy was in grave danger of a complete meltdown within a matter of days. "There was literally a pause in that room where the oxygen left," says Sen. Christopher Dodd (D-Conn.).