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25 Oct

Meltdown, The Complete Series

The McGlynn: Highly recommend. Every American, every citizen of the World, should watch this series. To the students, do yourselves, our country and our world, a service and watch this series. Then get involved!

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Into a world of greed and recklessness that led to financial collapse

Episode One, The men who crashed the world

The first of a four-part investigation into a world of greed and recklessness that led to financial collapse.Meltdown Last Modified: 21 Sep 2011 09:26

 

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.

Episode Two, A Global Financial Tsunami

 

Episode Three, Paying The Price

Episode Four, After The Fall

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