Rogue Traders' Behaviour Helps Gives New Insight Into the Global Financial Crisis
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Going Rogue (2011): These Rogue traders have control, knowledge and a unique insight in to the global financial crisis. For similar stories, see: How Iceland's Bankers Plunged Their Country Into Financial Chaos https://www.youtube.com/watch?v=Fx-IvnGQO_Q How Iceland Became A Symbol Of The 2008 Financial Crisis https://www.youtube.com/watch?v=5PVstvW-Lws Overdose: The Next Financial Crisis https://www.youtube.com/watch?v=4ECi6WJpbzE Subscribe to journeyman for daily uploads: http://www.youtube.com/journeymanpictures For downloads and more information visit: https://www.journeyman.tv/film/5365/going-rogue Like us on Facebook: https://www.facebook.com/journeymanpictures Follow us on Twitter: https://twitter.com/JourneymanVOD https://twitter.com/JourneymanNews Follow us on Instagram: https://instagram.com/journeymanpictures They're the bad boys of high finance, burning millions, sometimes billions of our cash. But are rogue traders just maverick loners, or a product of a high-rolling banking culture that's out of control? Barings Bank survived the Industrial Revolution, World Wars, even the Great Depression. Then along came one audacious 20-something called Nick Leeson and the whole venerable, rock-solid British financial institution came tumbling down. "I didn't know that the bank was going to collapse. I wasn't really interested as long as the money kept coming", says Leeson. All these years on, with super-sophisticated systems monitoring the traders and their every deal, extreme players continue to crash and burn mountains of other people's money. Just a couple of months ago Kweku Adoboli, a rogue trader at the giant European bank UBS, was arrested and accused of burning 2.3 billion dollars. John Sugarman, a former senior exec at one of Italy's biggest banks, alleges major criminal activity in some of Europe's top banks and says the regulators are asleep at the wheel. "You have hospital wards shutting down, you have schools shutting down, you have public services that are now being curtailed because there's no money. Everyone's money has gone to the banks." This report investigates what these rogue traders' behaviour can tell us about the global financial crisis. ABC Australia – Ref. 5365 Journeyman Pictures is your independent source for the world's most powerful films, exploring the burning issues of today. We represent stories from the world's top producers, with brand new content coming in all the time. On our channel you'll find outstanding and controversial journalism covering any global subject you can imagine wanting to know about.
Comments
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wow, another person making a video telling us stuff we didn't already know. Everyone knows this shit, hell all the 1%'rs laugh at this stuff. Nothing is going to change, it never has, never will, do you really think everyone is just going to quit their jobs and show the man? All that would happen is the Mexican's would show up and start working for lower pay, and you'd still be fucked. It's all a game, until you realize it, you're just going to be one pissed off person.
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Check out EuroClear, Clearstream, the "suicides" of Richard Talley American Title Services , Calogero Gambino Deutsche Bank, Melissa Millan Massachusetts Mutual Life Insurance Co.. Beware the Jabberwock!
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Greetings from Croatia. great documentary. 2008 was a very difficult year here,bosses told us that our salaries must go down and our rights as an employees were cut down. Why? Because of cocaine snorting idiots from wall street ?? So much unfortunate things has a honest man suffered because of them,it's really a sad thought
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first?
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