Friday, February 10, 2012

RS 5 Inside the Meltdown



I watched Inside the Meltdown, a documentary about the stock market crashing.  They mainly talked about Bear Stearns was an investment bank company, Lehman Brothers a global financial firm, and AIG an insurance corporation.  Bear Stearns was bought out, Lehman Brothers went bankrupted, AIG was the only one of these three businesses that stayed in business.  "There was literally a pause in that room where the oxygen left," says Sen Chris Dodd (D-Conn.).  This meltdown was extremely serious toward the United State future.  I think this was one of the worst downfalls in America.  I think since the United States government helped Bear Stearns that they should of helped Lehman equally to them.  This should not happen to major companies in the United States.  The United States government should have had a plan already made in case this could happen since it happened before.  I think Paulson and Bernanke were trying really hard to do something to help the United States.  I agree with Paulson and Bernanke’s plan to bail out the stock market.  Paulson got the nine largest banks in America to save the stock market.  I believe Paulson was a good man putting his country first and bring his enemies closer to help get the country out of this disaster.  Like they always said keep your friend close but your enemies closer.  And thats just my.................

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