In this sneak peek from "Inside the Meltdown," FRONTLINE revisits a pivotal moment in the fall of Bear Stearns: CEO Alan Schwartz appears on CNBC to address Wall Street rumors that the investment bank is in trouble.
In "Inside the Meltdown," airing Tuesday, February 17 at 9 pm on PBS, FRONTLINE investigates the causes of the worst economic crisis in 70 years and how the government responded. The film chronicles the inside stories of the Bear Stearns deal, Lehman Brothers' collapse, the propping up of insurance giant AIG, and the $700 billion bailout. Inside the Meltdown examines what Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke didn't see, couldn't stop and haven't been able to fix.
If you missed the show tonight it can be watched in its entirety on line on Frontline's web site.