Breaking the Bank

June 17, 2009 9:21pm by Barry Ritholtz

In Breaking the Bank, FRONTLINE producer Michael Kirk (Inside the Meltdown, Bush’s War) draws on a rare combination of high-profile interviews with key players Ken Lewis and former Merrill Lynch CEO John Thain to reveal the story of two banks at the heart of the financial crisis, the rocky merger, and the government’s new role in taking over — some call it “nationalizing” — the American banking system.

If you doubt for a moment that the TARP was a ruse to cover up for Citigroup be sure to watch at the 30 minute mark about how Paulson got the 9 banks to accept the TARP money.

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Hat tip Joe of The Millennial Project

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