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Christopher Cox
Analysis: 'Too Big to Fail' captures the frustration of government officials and the arrogance of Wall Street leaders
Analysis: 'Too Big to Fail' captures the frustration of government officials and the arrogance of Wall Street leaders

Midway through the HBO docudrama "Too Big to Fail," the head of the Federal Reserve Bank of New York despairs that ordinary Americans "have no idea the whole thing is about to fall down."He's referring not to the stock market, which already was plunging as the global financial crisis struck in late-2008, but to the entire U.S. economy as the conflagration on Wall Street threatened to spread far wider.I covered Wall Street for The Times during that period, and the movie accurately depicts the panic that gripped the Fed and the Treasury Department — and eventually a slow-to-comprehend Wall Street — as they scrambled to avert another Great Depression.The movie, based on a book by New York...

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