1) Watch the documentary “Inside the Meltdown.” It is about an hour long and details some of
the broader economic events that were unfolding while the Countrywide case was
The documentary offers an insider view of the financial
meltdown from the point of view of Washington and New York. It starts on September 18, 2008. In the first few moments, members of the
Congressional leadership are astonished to be brought into a private session
with the Federal Reserve Chairman and told that the American and international
financial system was in grave danger of a complete meltdown in a matter of
days. One of them noted, “There was
literally a pause in that room while the oxygen left.”
2) Write a two page response (600-800 words) indicating what
you learned from the documentary and how it created a better understanding of
the Countrywide case. Information about the writers and producers is on the PBS
website. Use APA format for in-text citations and references.
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