Reply #5: I think I saw on PBS last night that this week's Frontline [View All]

[Blue_In_AK]

will talk about what was going on inside the markets as the collapse was happening.

Here's the promo - "Inside the Meltdown"

http://www.pbs.org/wgbh/pages/frontline/story/2009/02/banking-at-the-brink.html

“Nobody cared if they could afford the payments, because the act of buying the house itself meant that you were going to get rich.”
Peter Schiff, economic commentator

For those struggling to make sense of the economic crisis, help is on the way. Inside the Meltdown is producer Michael Kirk's gripping account of how the country ended up in the worst financial crisis since 1929. The program airs Tuesday night on PBS and will be watchable online after that. This preview excerpt tracks the crisis back upstream to a key source -- the government's failure to heed early warnings on the housing bubble, and the havoc that ensued as a result.