Money, Power and Wall Street: Inside the Global Meltdown - Episode Three

🔥The American people demanded accountability from the banks during the financial crisis.

📊President Obama faced the challenge of balancing public anger with the need for cooperation with the banks.

💪The stress test approach was implemented to evaluate the health of the banks and provide necessary support.

🧐Treasury Secretary Tim Geithner's plan to rescue the financial system faced criticism for its perceived inadequacy.

💰The markets responded negatively to Geithner's announcement, causing further decline in the economy.

What were the key challenges faced by President Obama during the financial crisis?

—President Obama had to balance public anger and the need for cooperation with the banks in dealing with the crisis.

What was the purpose of the stress test approach implemented during the crisis?

—The stress test approach was used to evaluate the health of the banks and provide necessary support.

What was the reaction to Treasury Secretary Tim Geithner's plan to rescue the financial system?

—Geithner's plan faced criticism for being inadequate and the markets responded negatively to the announcement.

How did the American people demand accountability from the banks?

—The American people expressed anger and demanded that the banks be held accountable for their role in the crisis.

What impact did Geithner's announcement have on the economy?

—The announcement caused further decline in the economy, with negative reactions from the markets.

00:04This episode continues the investigation into the global financial meltdown.

00:18The episode explores the politics of the financial crisis and the demand for bank accountability.

01:20President Obama faced the challenge of balancing public anger and cooperation with the banks.

04:27The stress test approach was implemented to evaluate the banks' health and provide support.

14:26Treasury Secretary Tim Geithner's plan faced criticism for its perceived inadequacy.

17:45Geithner's announcement led to a negative market response and further economic decline.