The Warning

A 2009 Frontline Documentary narrated by Will Lyman.

The documentary offers a detailed look at the roots of the 2008 economic crisis by investigating why government officials refused to regulate emerging derivatives markets that later ruined the financial system.

In the devastating aftermath of the economic meltdown, FRONTLINE sifts the ashes for clues about why it happened and examines critical moments when it might have gone much differently. Looking back into the 1990s, veteran FRONTLINE producer/director Michael Kirk (Inside the Meltdown, Breaking the Bank) discovers early warnings of the crash, reveals an intense battle among high-ranking members of the Clinton administration, and uncovers a concerted effort not to regulate the emerging, highly complex, and lucrative derivatives markets, which would become the ticking time-bomb within the American economy.