In the 2012 award-winning series Money, Power and Wall Street, FRONTLINE tells the story of the struggles to repair the economy after the 2008 financial crisis, exploring key decisions, missed opportunities, and the uneasy partnership between leaders of government and finance.
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In part one of Money, Power and Wall Street, FRONTLINE correspondent Martin Smith interviews leading bankers, government officials and journalists to chart the epic rise of a new financial order—and the trouble that followed. As Wall Street innovated, its revenues skyrocketed, and financial institutions of all stripes tied their fortunes to one another. Smith probes deeply into the story of the big banks—how they developed, how they profited, and how the model that produced unfathomable wealth planted the seeds of financial destruction.
FRONTLINE’s veteran financial and political producers Michael Kirk (The Choice 2020: Trump Vs. Biden, United States of Conspiracy), Martin Smith (The Crown Prince of Saudi Arabia, The Pension Gamble), Marcela Gaviria (The Virus: What Went Wrong?, Separated: Children at the Border) and Tom Jennings (Right to Fail, Opioids Inc.) team up to present this Emmy Award-winning documentary series.
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Major funding for FRONTLINE is provided by the Ford Foundation. Additional funding is provided by the Abrams Foundation; the John D. and Catherine T. MacArthur Foundation; Park Foundation; and the FRONTLINE Journalism Fund with major support from Jon and Jo Ann Hagler on behalf of the Jon L. Hagler Foundation, and additional support from Koo and Patricia Yuen.
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@fookerzGAKusa
WHEN AMERICA EXPERIENCED GREAT DEPRESSIONS ONCE AGAIN, MOST PEOPLE SUFFERED MELTDOWNS AND ENGAGED IN SUICIDAL ACTS. THE LOSS OF THE WORLD TRADE CENTER TOWERS 1 AND 2 WAS A BAD OMEN FOR THE USA. SO, WHAT DID WE LEARN FROM THE FINANCIAL MELTDOWN? LIKE THE ASIAN FINANCIAL CRISIS, A NEW ECONOMY EMERGES. IN THIS CASE, CHINA ESTABLISHED ITSELF AS THE SECOND SUPERPOWER IN ECONOMICS—UNTIL THE BUBBLE BURST, AND THE CYCLE REPEATED.
DURING THE ASIAN CRISIS, THAILAND AND INDONESIA WERE HIT THE HARDEST. INDONESIA'S CURRENCY PLUMMETED TO ONE-FIFTH OF ITS PRE-CRISIS VALUE, AND THE INDEX FELL FROM 900 TO 700. HOWEVER, FAST FORWARD 3.5 DECADES LATER, AND INDONESIA IS NOW THE BIGGEST ECONOMY IN SOUTHEAST ASIA, WITH THE INDEX JUMPING TENfold FROM 700 TO OVER 7000, AND IT IS NOW TESTING THE 8000 LEVEL, SURPASSING EVEN AUSTRALIA.
BUT THE UNDERDOG STORY IS VIETNAM EX AMERICAN GI JOE BIDEN;S MORTAL ENEMY, WHICH HAS EMERGED FROM THE ASHES. TODAY, WITH THE RISE OF CHINA, VIETNAM'S MANUFACTURING SECTOR IS DRIVING ITS ECONOMY TO NEW HIGH LEVELS. FOREIGN DIRECT INVESTMENT FROM GIANT CONGLOMERATES IN REGIONS LIKE CHINA, SOUTH KOREA, JAPAN, AND EVEN INDONESIA IS ROLLING IN, AND THEY ARE ALL ENJOYING VIETNAM’S PROSPERITY.