Too Big to Fail (film)

Barbara Tulliver

Too Big to Fail chronicles the 2008 financial meltdown, focusing on the actions of U.S. Treasury Secretary Henry Paulson William Hurt to contain the problems during the period of August 2008 to October 13, 2008. Dick Fuld James Woods, CEO of Lehman Brothers, is seeking external investment, but investors are wary as Lehman is seriously exposed to toxic housing assets and the Treasury is ideologically opposed to offering any sort of bailout as it did for Bear Stearns.Paulson attempts to arrange a private solution to the Lehman problem, and both Bank of America and Barclays express interest in Lehmans good assets. Bank of America 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. ........

Source: Wikipedia