Question: From the Frontline video Inside the meltdown (https://youtu.be/HX6Fg62l0e8): What was the impact of the near failure of Bear Stearns and the failure of Lehman Brothers

From the Frontline video "Inside the meltdown" (https://youtu.be/HX6Fg62l0e8):

  • What was the impact of the near failure of Bear Stearns and the failure of Lehman Brothers on Money Markets?
  • What actions did the Federal Reserve and the Treasury Department take? What were the impacts of the decisions if any?

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