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FRONTLINE: BREAKING THE BANK

17 June 2009 by TPC 1 Comment

Excellent inside look at the credit crisis here.  Watch the full program:

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  • Huge Ackman said:

    They don’t mention that Stan O’Neal gave Ken Lewis a call in 2007 when Merrill’s mortgage holdings started to crack, to see if BofA was interested in buying Merrill. Stan took a beating for going around the board of directors to try to initiate a deal. It was, at least superficially, part reason for his dismissal.

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    # 18 June 2009 at 9:33 PM