If there is one thing that historians, politicians, economists and other cultural commentators can agree on, it is that everybody loves a milestone. Five years after the financial quasi-apocalypse that reverberated around the world, documentary filmmaker Joe Berlinger (director of the epic Paradise Lost documentary trilogy) sits down with the man at the epicentre of the crisis to look back and explore what happened and why.
Hank Paulson was the Treasury Secretary at the time and was part of the most exciting/terrifying moment in modern globalisation. The only problem is: can he explain the mind-bogglingly complicated financial products in a way that audiences can understand? (Especially as the investment bankers themselves weren’t sure about them.)
The film has been created with two long interviews with Hank and his wife Wendy, surrounded with news media footage of the crisis as it unfolded. Having made a lot of notes during this film, allow me to attempt to explain the narrative of the before remarking on the construction of the film: