The Men Who Crashed the World - Meltdown Part 1
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Ep2. http://www.youtube.com/watch?v=MXPGECZ0Zdg Ep3. http://www.youtube.com/watch?v=NkL8P9mXCJE Ep4. http://www.youtube.com/watch?v=b5hg_VNWNfo 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 world's 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. The first of a four-part investigation into a world of greed and recklessness that led to financial collapse. 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. meltdown meltdown part 1 world meltdown the meltdown part 1 economic collapse wall street meltdown marc faber euro collapse meltdown financial collapse 10 mens who bring down wallstreet how american housing market crashed the world the men who crashed the world money power and wall street the men who crashed the world part 2 the global financial crisis pt 1 of 4 wall street 2008 crash part 1 meltdown meltdown- the men who crashed the world pt2 men who meiltdown the economi housing market 2013 wall street meltdown documentary petrodollar collapse crashed economy the men who crashed the world meltdown part 1 the men who collapsed the world melydown meltdown part1 wall stree meltdown how did the market crash in 2008 documentary financial collapse 1 part series behind the meltdown wall street crash 2008 movie the men who crashed wallstreet what cause the crash of the wall street crash 2008 meltdown crashed world frontline documentary economic collapse 2008 crash 2008 crash documentary government meltdown city of london banker american greed wall st meltdown another meltdown part 1 men who crashed the economy wall street crash 2008 meltdown - pt 1_4 crash economy meltdown wall street meltdown episode 1 - the men who crashed the world
Comments
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This all would have been avoided if the Federal Reserve didn't keep interest rates artificially low, lack of regulations had nothing to do with it.
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The next Ponzi scheme crash will be in energy - oil and nat gas because Goldman Sachs will run our govt. Get ready.
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the market always corrects itself
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You know..the banks want less regulations and oversight from the government but when shit goes down, they beg and pleaded to the government for help? The sane solution is for governments to NOT help the banks and let the fuckers deal with the consequences of their actions.
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it's the JEWS stupid.
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It's funny.: the less hair, the more money....
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you know how people have been raped and there families destroyed.
when the rich steal from the poor ... the devil is laughing.
spit -
Charlie the rat lol
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That's because of insecurity,health,and racism.
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America ils big fate pig eat any think
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24:10 SATAN ITSELF
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Interesting fictional documentary. It's a good thing we have The Fed, so that booms and busts like this don't actually happen.
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can anyone here knows if what state in USA does the financial crisis started? Thank you
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Lehman had a leverage ratio of 44:1 when it collapsed. The hard truth is we - as a nation - are addicted to debt. NINJA loans (no income, no job, adjustable rate mortgages) were all the rage. The default rate was as high as 30% for some institutions. Ridiculousness. Default rate for 25% down mortgages was less than 2%, even at the height of the financial crisis. The lesson, stop borrowing so much freaking money (individually and corporately).
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should be all shot
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21:53 I had no idea that the guy who directed and filmed Jackass was in finance!
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como vim para aqui
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fast forward and nothings been changed. one thing actually changed the criteria to get a home loan is now gutrenching, harder and that's the way it's suppose to be. fucking republicans came in office got rid of regulations and look what happened
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It's true that bankers are the real villains here but don't forget the people who took up unnecessary loans in spite of not having enough income to support them.... It is job of bankers to fool us but we as consumers should be start enough...
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Their best policy is "deny everything!"
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