Global Financial Meltdown – One Of The Best Financial Crisis Documentary Films

Share it with your friends Like

Thanks! Share it with your friends!

Close

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.

http://www.RebelMystic.com

Comments

Retalak says:

The scariest part is I am starting to see a lot of commercials like that again. "Regardless of credit!"

Steve says:

Human behavior. So predictable. One man promising wealth to another looks him square in the eye as they shake hands, with both knowing it's a lie. I wonder whether these people are more akin to reptiles, in that their brains are developed such that they literally have no cerebral structures that allow development of a conscience.

J.F C. says:

Swindling is Terrorism and Treason. #TeamJesusChrist

SPPV says:

They talk about finding a way to prevent this, well heres a clue look at the countries that didnt have a bank collapse. Doesnt matter what country bankers are the same everywhere. Scumbags. The only thing that kept Canadas banks from melting down was the laws here that prevented the housing bubble and participation in the CDS/CDO scam. Id bet my last dollar if TD or RBC could have jumped on the scam wagon they would have. Now things are all fucked up with arenas in USA with names like Bank of Nova Scotia Center and Toronto Dominion Place. We dumped billions on the auto industry and a bunch of the cock suckers just took the money and shut down anyways.

If we were real lucky Paul Martin would come back to politics and be Prime Minister again (greatest finance minister in our history)

The Nuharoo says:

No one forced these idiots to take out a loan for a home and stuff they couldn't afford. No one made them take out a loan at gunpoint.

Lorna Ginette Harrison says:

Weird to see sex-pest Dominique Strauss-Kahn AND Christine Lagarde in the same documentary. They've both been Minister of Economy & Finance in France, & Managing Director of the IMF (that's the International Monetary Fund, NOT the "Impossible Missions Force" – I don't think even Ethan Hunt/Tom Cruise could fix the disastrous state of the world's economy!).
Dominique Strauss-Kahn is now infamous due to his involvement in several financial & sexual scandals. Then Christine Lagarde was found guilty of negligence by a French court in December 2016, for misuse of public funds. As French finance minister in 2008, she approved a massive payout of taxpayers' money worth €404m ($429m; £340m) to a controversial French businessman, Bernard Tapieto, for the disputed sale of a firm. She avoided jail, or even a fine – the conviction didn't even constitute a criminal record. The IMF gave her its full support, & she's still in post as their MD.
Seems you can't trust anyone where money's concerned!

CLEVELAND THOMAS says:

And what happens after all the bail outs new regulations and Dodd Frank the new president repeals it on his first day in office.

Hexo_Typhoon Oethou says:

The new season will come soon

Mr. White says:

Look at all these scumbag democrats acting like they were opposed to subprime loans all along. They were right on board when Clinton signed the Community Reinvestment Act which pressured banks to give loans to low-income deadbeats. Hell, Maxine Waters is married to a god damn banker!

Graham6762 says:

All those jewish bankers should have been kicked out and the rothschild should have been hunted down and killed.

Captain Obvious says:

Nice documentary. Notice how these globalists didn't let the crisis go to waste.

Nate Sinadinovic says:

The Bankers always Win.

Jonathan Gwynne says:

30 Seconds in and already a fundamental error. The Wall Street Crash of 1929 wasn't the cause of the Great Depression, it was a symptom of it.

The Depression started because, at the time, the US Dollar was fixed to the Gold Standard. In other words, the US Government could only print more money if it had gold to back up those Dollars.

However, the economy was growing more quickly than the US could increase the money supply. Once the economy hit its proverbial ceiling in early 1929, suddenly people (and businesses) ran into increasing resistance when borrowing money which caused banks to fail. As both individuals and institutions were forced to liquidate other assets to remain solvent, they turned to one of the easier ones to liquidate: stock. Suddenly, more people were selling stock than buying it and you don't have to have a degree in economics to know what happens to the price of something when more people are selling than buying.

Skiwi says:

I don't understand why the workers were angry at the bosses? what option did they have? they were victims as well.

Alton Grimes says:

Incredible documentary. I feel stunned by it's impact. Perhaps a fitting title might be: "A Club Of Crooks". The degree of deception that apparently foments in "high places" is staggering. Pimps in Armani suits.

Andrew Webb says:

we all share the blame in this

Crash Zoey says:

next time they need a bailout, pay the homeowners. they can pay off their mortgages and there won't be money for bonuses.

Darkhawk Tibby says:

The sick thing is, these bankers ARE STILL AT IT TO THIS VERY DAY! They are still working to de-regulate and manipulate current government to get what they want.

Whitneys VoiceBox says:

0:59 the irony of the people being removed from their homes while their tax money is bailing out the bank

valzerna says:

and the everyday Citizen must pay for the little games of managers ad ceo's.. its Always the same shit…

Comments are disabled for this post.