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Global Financial Meltdown

  
Global Financial Meltdown
Category: Documentary

Views: (904)

Duration: (02:49:16)

Uploaded: 2015-03-22 11:30:56

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    Meltdown is a four-part investigation into a world of greed and recklessness that brought down the financial world. The show begins with the 2008 crash that pushed 30 million people into unemployment, brought countries to ...
    Meltdown is a four-part investigation into a world of greed and
    recklessness that brought down the financial world. The show begins
    with the 2008 crash that pushed 30 million people into unemployment,
    brought countries to the edge of insolvency and turned the clock
    back to 1929.But how did it all go so wrong? Lack of government
    regulation; easy lending in the US housing market meant anyone could
    qualify for a home loan with no government regulations in place.
    Also, London was competing with New York as the banking capital of
    the world. Gordon Brown, the British finance minister at the time,
    introduced light touch regulation - giving bankers a free hand in
    the marketplace.Meltdown moves on to examine the epidemic of fear
    that caused the worlds banks to stop lending and how the people
    began their fight back. Finally, it asks how the world can prepare
    for the next crisis even as it recognises that this one is far from
    over.We hear about the sheikh who says the crash never happened; a
    Wall Street king charged with fraud; a congresswoman who wants to
    jail the bankers; and the world leaders who want a re-think of
    capitalism
  • Tags:  Global  Financial  Meltdown  
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