The film tells the story of the global financial crisis that erupted in 2008 , with U.S. Treasury Secretary Hank Paulson (as the main thread, documenting the decisions of the powerful figures who decided the fate of the world's largest economy in a matter of weeks. with action. In order to save the global economy and get rid of financial difficulties, not only Paulson did his best, but also Federal Reserve Chairman Ben Bernanke, Federal Reserve Bank of New York President Tim Geithner and others. personal relationships and channels. On top of that, Warren Buffett, investment bankers, UK regulators, and almost all MPs are involved in this no-fuss financial war
.
Too Big to Fail movie plot
2022-06-24 14:11
Extended Reading
-
Michele Davis: They almost bring down the US economy as we know but we can't put restrictions on how they spend the $125 billion we're giving them because... they might not take it!
-
Chinese Official: There was an approach last month from Russia. They have considerable holdings in Fannie and Freddie as well. They suggested we coordinate and without warning dump hundreds of billions of Fannie and Freddie's bonds onto the market.
Henry Paulson: [Flabbergasted] That would be...
Chinese Official: Chaos. The amount of debt your country carries is a terrible vulnerability.
Henry Paulson: But you...
Chinese Official: We declined. Respectfully. Even in the US it seems the relationship between the government and private industry isn't so simple.