Meltdown -The men who crashed the world. Aljazeera PART 2
Economy | Information | History | Online | Facts | World | Global | Money
In the first episode of Meltdown, we hear about four men who brought down the global economy: a billionaire mortgage-seller who fooled millions; a high-rolling banker with a fatal weakness; a ferocious Wall Street predator; and the power behind the throne. The crash of September 2008 brought the largest bankruptcies in world history, pushing more than 30 million people into unemployment and bringing many countries to the edge of insolvency. Wall Street turned back the clock 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. All this, and with key players making the wrong financial decisions, saw the world's biggest financial collapse.
Comments
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yeah but iceland did the right thing and jailed its bankers
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thats what you get for being criminals
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the banks should be made accountable for those failed mortgauges
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you bush are another criminal
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They paid it back.
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There is no handbook on how to handle a Financial Crisis. Especially one that big from 8 years ago. A lot of people want to blame Hank Paulson for what happened. The only thing I hold Paulson accountable for is that he needed on the job training. The fuckers that really need to be held accountable is Dick Fuld (Who should have his nutsack cut out), Lloyd Blankfein, Jamie Dimon, John Mack, John Thain, Vikram Pandit and the rest of the CEO dickbags who conned people into buying toxic mortgages. Motherfuckers made hundreds of millions of dollars off this ponzi scheme and none of them are in prison. Bernie Madoff did the same thing and he got a life sentence. If a Bank Teller was to swipe a fist-full of twenties they'd face criminal charges and possibly jail time. A big CEO of an investment bank will get a slap on the wrist. Something's very wrong with that picture.
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These are just your Rothschild's, International Bankers, N.W.O., Illuminati, Federal Reserve Bank at work. Unfortunately they control Germany, England, France and the United States of America. In fact they have dominance over all of Western Civilization and with that the World. Hence the New World Order. Conspiracy theory..nah conspiracy reality!
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This is what President Obama dealt with that the Republicans whose men crashed the economy refused to help President Obama cleaned the mess that they created. It is going to happen again. These people destroyed a lot of people and send them into hen house of poverty. They were even laughing. Now the world see who are the ones controlling America and western economies. Even though those companies failed it was a strategy to loot people sayings. The Bankers did not lose it was the people whose savings were looted. It will happen again.
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And people wonder why trump won- even though sadly he maybe is just the same as the old ones only with a much quirky packaging. God, the american people has got to bring true revolt against their govt someday or your nation is gonna bring everyone down not to mention while smothering on other's faces that we owe you or are the global police or the superior upholders of morals and then wonder why we hate your country so much.
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Funny how these guys are against any government intervention until they fuck up and need to be rescued.
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"The time to buy is when there's blood in the streets."
-Rockefeller -
How sad!!!
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when you sign a contract and that contract is dependent on your living circumstances and these circumstances change and then do NOTHING, what is expected to happen?
You should both CALL AND MAIL the other party, that party MUST adhere to that contract.
the battle field today isn't Iraq. it's your bank.
the weapons aren't incendiary they are ink.
know what you had signed. -
See kids thats why u go to school. So u can learn to become a crook on wall street. LOL
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Well this proves that white people are indeed the devil. Greed is the seed
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Bankruptcy is A TRANSFER OF WEALTH , bankruptcy is not debts forgiven and slight of hand is the key to the transfer.
Since man started walking the earth, the crooks have been cultivating the workers only to steal what they have built. -
These are mass-killers ! ! ! !
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To Each His Own Shit!!!!! Gotta Love It
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smh poor people. you save them they blame you, you do nothing, they blame you. thats why running for government position is bad idea.
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when the last tree is cut down .the last fish is eaten .and the last stream is poisoned .we will all realize that you cant eat money !
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