Breaking the Bank
Synopsis
Bank of America faced immense challenges during the 2008 financial crisis, revealing the complexities of the banking industry and government intervention.
Synopsis
Bank of America, a major player in the financial crisis of 2008, faced immense challenges as the housing market collapsed. Billions of dollars in risky bets led to a near-collapse of brand-name banks, prompting a significant federal intervention to stabilize Wall Street. Veteran FRONTLINE producer Michael Kirk provides an in-depth examination of the complex financial and political factors that contributed to the crisis, revealing how the superbank navigated the turmoil and the efforts made to restore confidence in the financial system.
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