Confidence Game: Film Screening and Q&A with Director Nick Verbitsky
Feb 07, 2012
from 06:00 PM to 08:00 PM
|Where||55 Lexington Ave (enter on 24th or 25th street) Room 14-220|
|Contact Name||Matthew LePere|
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About the Film
On Monday, March 10, 2008, the early tremors of America's subprime mortgage meltdown began rippling down Wall Street at lightning speed. Seven short days later, Bear Stearns, the 85-year old investment bank known for its financial pugilism and outsized profits, found itself on the brink of an unthinkable collapse; making the firm Ground Zero for a crisis that would go on to engulf the entire global financial system. Confidence Game reveals that the downfall of Bear Stearns was not merely a week long event, but was an inevitable occurrence that had been years in the making.
Interviews with former employees, homeowners, mortgage brokers, whistleblowers and eminent financial journalists including Bryan Burrough, William D. Cohan and Andrew Ross Sorkin provide context for a destruction of wealth not seen since the Great Depression.
Confidence Game reveals how an amalgam of Washington policy and regulatory failures, compliant ratings agencies, media manipulation and fraud in the subprime mortgage market on a massive scale short circuited Wall Street nearly destroying the American economy.
Watch the Trailer
Click here to watch the trailer for Confidence Game.