moviie
Priya Ns PRN:13020841096 TOO BIG TO FAIL
The film “Too Big to Fail” is about the financial crisis of 2008. The primary characters of the movie are William Hurt who plays Paul Henson, Paul Giamatti who plays Ben Bernanke, James Woods who plays Richard Fuld, Billy Crud who plays Timothy Geithner and Cynthia Nixon who plays Michele Davis.
Too Big to Fail focuses on the actions of U.S. Treasury Secretary Henry Paulson to contain the problems during the period of August 2008 to October 13, 2008. Richard Fuld (James Woods), CEO of Lehman Brothers, tries to get help from external sources, but investors are wary as Lehman is seriously exposed to questionable assets and the Treasury is opposed to offering any sort of bailout as they did for Bear Stearns.
Paulson attempts to arrange a meeting to find a solution the Lehman problem, and both Bank of America and Barclays express interest in Lehman's "good" assets. Bank of America pulls back from the deal and instead chooses to purchase Merrill Lynch. Barclays is prepared to accept the terms of the merger, but British banking regulators refuse to approve the deal. Paulson directs Fuld to declare bankruptcy before the market opens.
Paulson sees that the entire stock market is in freefall due to Lehman’s counterparty risk inspite of the initial positive response to Lehman’s merger with Merrill Lynch . However, Paulson quickly learns that Lehman's counterparty risk is impacting the entire financial market, and that the stock market is in freefall. Another crisis arises as AIG begins to collapse.
Paulson's team realizes that if AIG is allowed to fail, its entire insurance portfolio will default and
The film “Too Big to Fail” is about the financial crisis of 2008. The primary characters of the movie are William Hurt who plays Paul Henson, Paul Giamatti who plays Ben Bernanke, James Woods who plays Richard Fuld, Billy Crud who plays Timothy Geithner and Cynthia Nixon who plays Michele Davis.
Too Big to Fail focuses on the actions of U.S. Treasury Secretary Henry Paulson to contain the problems during the period of August 2008 to October 13, 2008. Richard Fuld (James Woods), CEO of Lehman Brothers, tries to get help from external sources, but investors are wary as Lehman is seriously exposed to questionable assets and the Treasury is opposed to offering any sort of bailout as they did for Bear Stearns.
Paulson attempts to arrange a meeting to find a solution the Lehman problem, and both Bank of America and Barclays express interest in Lehman's "good" assets. Bank of America pulls back from the deal and instead chooses to purchase Merrill Lynch. Barclays is prepared to accept the terms of the merger, but British banking regulators refuse to approve the deal. Paulson directs Fuld to declare bankruptcy before the market opens.
Paulson sees that the entire stock market is in freefall due to Lehman’s counterparty risk inspite of the initial positive response to Lehman’s merger with Merrill Lynch . However, Paulson quickly learns that Lehman's counterparty risk is impacting the entire financial market, and that the stock market is in freefall. Another crisis arises as AIG begins to collapse.
Paulson's team realizes that if AIG is allowed to fail, its entire insurance portfolio will default and