Watch Too Big to Fail
- 1 hr 39 min
In 2008, the United States was hit by the most significant financial crisis since the Great Depression. The collapse of Lehman Brothers and the near-collapse of other financial institutions sent shockwaves around the world, leading to a global recession from which many countries are still recovering. Too Big to Fail is a dramatization of the events that unfolded during that time, based on the book of the same name by Andrew Ross Sorkin. The film's primary focus is on the key players who navigated the crisis, including Treasury Secretary Henry Paulson (William Hurt), Federal Reserve Chairman Ben Bernanke (Paul Giamatti), and New York Fed President Timothy Geithner (Billy Crudup). These men were tasked with resolving the crisis and preventing it from leading to a complete collapse of the financial system. At the same time, they faced significant obstacles, including political opposition, infighting between Wall Street firms, and the sheer complexity of the financial system itself. The film opens with Paulson and his team first learning of the crisis in September 2008. They meet with the heads of the major financial institutions to try to come up with a plan to save them from failing. Paulson's key concern is that the institutions are "too big to fail" and that their collapse would have disastrous consequences for the entire global economy. However, his initial plan is met with resistance from both Congress and Wall Street, who are skeptical of government intervention in the economy. As the crisis worsens, Paulson works tirelessly to come up with a solution. He pushes for a massive 700 billion dollar bailout plan to rescue the financial institutions, arguing that without it, the entire system would collapse. However, as the public becomes increasingly angry about the bailout, Paulson struggles to convince Congress to support the plan. Meanwhile, the individual firms are struggling with their own problems, with Lehman Brothers teetering on the brink of collapse and Merrill Lynch being acquired by Bank of America. One of the most compelling parts of the film is the look at the inside workings of the major financial institutions. We see how the CEOs and executives of these firms are struggling to stay afloat, while also trying to undercut their rivals. There is a sense of egoism and greed that is both fascinating and alarming, particularly given the impact of their actions on the wider economy. As the crisis deepens, the drama only intensifies. We see the key players working around the clock, as they try to save the financial system from complete collapse. William Hurt's performance as Henry Paulson is particularly outstanding, as he conveys the urgency and seriousness of the situation while also demonstrating the emotional toll it takes on him personally. Too Big to Fail is a sobering look at one of the most significant events in recent financial history. While it is a fictionalized drama, it is based on actual events and provides an insightful and informative look at the key players and decisions that shaped the outcome of the crisis. The film is both engaging and informative, providing a nuanced look at what was a complex and multifaceted event. It is a must-watch for anyone interested in finance, economics, or politics.