Too Big To Failure

Improved Essays
When financial crisis in 2008 happened, I was only a middle school student and had no ideas what exactly happened and what caused it to happen. As I grow older, knowing I wanted to major in Business, I started to have interests in the crisis. I really wanted to truly understand the crisis, and someone recommended me to watch the movie, Too Big to Fail. I learned that housing bubbles were the main cause of the crisis, and the government tried everything to save multiples firms, including Fannie Mae & Freddie Mac, AIG, and more. These firms were able to survive the crisis because of the government’s bailouts. I also learned that during the crisis, the government and many financial firms, such as Goldman Sachs, Citi, Morgan Stanley, JPMorgan,

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