Norwalk-based CABLEready, an international television program distribution and development company, acquired the exclusive worldwide television rights to Confidence Game , the new feature documentary film from Nick Verbitsky’s Blue Chip Films.
Blue Chip Film, also of Norwalk, tells the inside story on Bear Stearns collapse and the near failure of the world financial system.
The film will debut at the Connecticut Film Festival at 6 p.m. at the Palace Theater in Danbury on Thursday.
It will be interesting to see what kind of reception it gets, now more than three years after the crisis. One analyst told The Mines, nothing’s changed and people seem to have forgotten about it. Indeed, a key driver that took the nation to the edge of the financial precipice was cheap credit and a business and political climate that supported constantly increasing consumer spending. Today’s low interest rates and the lack of the establishment of a purpose driven economy has left the nation exposed to the same credit risks going into the down turn.
According to CABLEready, through interviews with former employees, homeowners, mortgage brokers, whistleblowers and eminent financial journalist, Confidence Game, paints a vivid picture of what led to Bear Stearns becoming the epicenter of one of the greatest disasters in Wall Street history, the aftermath of which sent ripples across the world that we still feel today.
Thanks to Paul for finding some spelling errors we have corrected.
