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Blast From the Past: A Tale of the 1987 Stock Market Crash, ‘Nightline,’ Muppets and the Genius of Jim Henson and Frank Oz


Veteran writer Bill Prady shares a memory of Jim Henson, Frank Oz and the Muppets' visit to 'Nightline' to help explain the 1987 stock market crash.

On November 6, 1987, after a devastating stock market crash, the Muppets appeared on a special “Town Hall” edition of ABC’s “Nightline” in segments designed to explain the financial system. Our set department had built a miniature version of then-ABC News anchor Peter Jennings’ desk, and the puppet workshop dressed Kermit in a smart newsy blue blazer. Nowadays if something amazing and magical happened like an American eagle exhaustedly sitting through the reminiscences of his dog friend, there would be iPhone videos from 20 different angles posted all over the internet.

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