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Hollywood treatment of financial near-meltdown

March 14, 2010 - 6:00am


It looks like American International Group Inc.'s troubles may make it to the small screen.

HBO said it plans to make a television movie about the financial meltdown, based on Andrew Ross Sorkin's 2009 book “Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System—and Themselves.”

Although the project still is in development, it is probably safe to say AIG will get at least a passing mention in the made-for-TV flick.

In fact, the book's prologue opens with JPMorgan Chase & Co. Chairman and CEO Jamie Dimon in his Park Avenue apartment's kitchen on Sept. 13, 2008—just days before the Federal Reserve Bank bailed out AIG—and observes that he was “acutely aware of the new dangers developing” at AIG and how “by his estimation, AIG had only about a week to find a solution” to its problems or falter.

Others profiled in the book include former Lehman Bros. Holdings Inc. Chairman and CEO Richard Fuld; former Morgan Stanley CEO John Mack, who remains chairman; and U.S. Treasury Secretary Timothy Geithner and Mr. Geithner's predecessor, Henry Paulson.

As of last week, HBO had not revealed details about when the TV movie will air or the actors who will take part in the film.

 



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