Description
Watch Inside the Meltdown on PBS Frontline. Create a timeline of events from the film. Choose another Frontline documentary and write a one-page description. The Web address for this assignment is http://www.pbs.org/wgbh/frontline/watch/. No references are needed for this assignment.
Explanation & Answer
Attached.
Running head: INSIDE THE MELTDOWN
Inside the Meltdown
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INSIDE THE MELTDOWN
Inside the Meltdown
In 2008, a financial crisis stung the United States of America. The crisis affected and
recede the banking industry, the Main Street and the Wall Street. Steps, risks, and series of
financial events then started to happen all in an attempt to try to solve the economic meltdown.
Inside the meltdown, the film tries to timely describe the financial crisis and events that gripped
the U.S government and Wall Street in 2008.
In January 2008, the federal government through the Federal Market Open Committee
lowered its fund's rate in an attempt to correct the housing bust. It didn’t work, rather the
homeowners faced higher monthly payments, more than they were paying.
In February, the then president, George Bush, signed a tax bill to boost the struggling
housing economy. Sales of home rose...
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