FRONTLINE - Breaking the Bank - Tuesday, June 16th at 9pm on PBS (check local listings)

[Henk Elegeert]

REPLY TO: D66 at nic.surfnet.nl

FYI:

FRONTLINE
http://www.pbs.org/frontline/

- This Week: "Breaking the Bank" (60 minutes),
June 16th at 9pm on PBS (Check local listings)

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Since the U.S. economy slipped into free fall last year, FRONTLINE
producer Michael Kirk and his team have been going behind closed doors
-- on Wall Street and in Washington -- to report the story.

Their February program, "Inside the Meltdown," examined how, in just
six months, the U.S. financial system unraveled.  This week, for
FRONTLINE's season finale, they've produced "Breaking the Bank," an
inside story of the government's massive, ongoing intervention to save
the financial system.

"This is the story of the most important change in the relationship
between government and private business in a generation,"  Kirk says.
His focus is on Ken Lewis' Bank of America, and its controversial
purchase of Merrill Lynch in September 2008--a deal which continues to
raise questions about the role played by the nation's top economic
officials in the affairs of private banks.

Kirk also examines one extraordinary moment last October when Henry
Paulson, then Treasury secretary, gathered together the heads of the
nation's largest banks and forced them to take $125 billion in public
money.  "I think we nationalized the banks in the United States on
that day," former International Monetary Fund economist Simon Johnson
says.  You can listen to fresh interviews with both Kirk and Johnson
in this week's FRONTLINE podcast if you go to
http://feeds2.feedburner.com/FrontlinePodcastPbs

Meanwhile, as Bank of America CEO Ken Lewis remains on the hot seat in
Congress--and with his shareholders-- tune in Tuesday to see what he
told FRONTLINE about the Merrill deal, and the future of his bank.
And hear as well from former Merrill CEO,  John Thain--Kirk managed to
interview both of these heavy hitters in this week's program.

After the broadcast, visit our Web site for the full program streamed
online, plus interviews (with video excerpts) and more background on
the story.  It's all at http://www.pbs.org/frontline/breakingthebank/

Ken Dornstein
Senior Editor

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Funding for FRONTLINE is provided through the support of PBS viewers.
Major funding for FRONTLINE is provided by The John D. and Catherine
T. MacArthur Foundation. Additional funding is provided by the Park
Foundation. Additional funding for "Breaking the Bank" is provided by
the Corporation for Public Broadcasting

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FRONTLINE is a registered trademark of the WGBH Educational Foundation.

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