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That's fascinating. I'd love to watch a documentary about that.
by PascLeRasc 4y ago
That's fascinating. I'd love to watch a documentary about that.
- khuey 4y agoThis 60 minutes segment from the Great Recession is the closest thing I know of to that. https://www.youtube.com/watch?v=TAE8i40A5uI https://www.youtube.com/watch?v=TAE8i40A5uI
- bgc 4y ago60 Minutes followed an FDIC takeover in 2009, including when the agents actually walked into the bank’s headquarters: https://youtu.be/TAE8i40A5uI https://youtu.be/TAE8i40A5uI
- TremendousJudge 4y agoThat interview with the chairman (chairwoman?) is just great. She straight up says that maybe they shouldn't bail out the big banks and instead apply a similar process to them.
- supernova87a 4y agoI just watched it -- aside from the very interesting mechanics of the FDIC coming in and taking over a bank, I thought Sheila Bair (the then FDIC chair) came off as very knowledgeable, realistic, and critical of the risks posed by big banks. She went on to become a university president after the recession / banking bailout.