FRONTLINE | Inside the Meltdown | PBS

[alienmoonbase]

Jews

[seanannapolis]

If you want to actually know what caused the meltdown - and not flounder around listening to fools like Dodd and Krugman who failed to predict the obvious disaster - read "Meltdown" by Tom Woods.

[edmon63]

confidence... people pull all their money out because a plausible contender for president threatens to tax the rich.How quickly we forget.Who was saying that again?

[daveibukun]

oh shut up. People pull all there money out because they fear that the company's finances are shaky or that they have too much toxic assets, that's what happened with Bear Stearnes and Lehman Brothers.

[7Hook]

This program overlooked the real story.

OTC Derivatives are the shadowy unregulated securities that were pyramided on top of the US housing market from 2000 to 2008.

In 2002 there were about 50 Trillion USD worth of OTCDs.

That same year, Warren Buffet, called OTCDs "weapons of financial mass destruction".

By 2008 they grew to 1000 Trillion USD.

Compare - total value of all US homes - about 20 Trillion USD.

Housing caused it? You are lying, Frontline.

Banking's OTCDs did it..

[karlkunath]

@7Hook hmmm, watch frontlines "The Warning" and "Breaking the Bank" and you will see that they look at otcd very carefully

[7Hook]

@karlkunath

Tell me if they concluded that wall street and washington were, by far far far, the groups that caused the meltdown, and that housing was a just tiny symptom of the practices of those two groups. If they concluded that, maybe I'll watch it. If they didn't, then I'll continue to lump in Frontline with the rest of mainstream US news as garbage propaganda. There was a time when I respected Frontline.

[7Hook]

@7Hook

The latest Frontline story I've seen an ad for is about Afghanistan's sex trade in boys. That just seems like propaganda, it happens globally, even in the US. In fact there was a US congresswomen fighting against CPS, regarding sex trade, who died recently in a strange murder suicide - THATs a story. So why spotlight just Afghanistan. the message I get from that subject is "here's another reason to hate Afghanistan and justify our invasion of the country".

[martinjom]

i watched this program last night and its really informative-gives detailed informations how first started.

[KenGS333]

I suspect that the real truth won't be discussed--that just can't be done anymore nowadays...

[Rickdeckard2020]

no kidding, PBS&BBC are propaganda ops, if the MSM says Santa's a great guy they will do a 'behind the scenes' story on Santa on how he isnt so great (appearing to criticize while reinforcing the establishments myth by not mentioning the elephant in the room, ex: theres no santa)

I look forward to see if they will talk about Glass-Steagall Act, the Offshore acounts, the fractional reserve, money as debt, FEDs origin, destruction of the middleclass (outsourcing,reaganomics) concealed by debt

[jerkazoid]

Biggest news this decade imo.

a mandate of education for politicians, regulators, republicans, Democrats, libertarians, ALL of wall st, speculation, investors, world economists, hedgers

lets just say anyone with a job or a home!

[alienmoonbase]

The only thing bigger and ignored more by the lazy journalist graduates is the UFO phenomenon.

[Atomsmasher777]

"We hear voices from the other world, people who can't get loans, can't refinance their homes, can't send their children to college," said Rep. Gary Ackerman, D-N.Y. "It seems to me, and some of us, that this money hasn't reached the street."

[zeitgeisthero]

im pumped

[zeitgeisthero]

"Its the economic equivalence of 911" Chris Dodd. So he's actually telling the truth. It was another "inside job" { Federal Reserve }

[siouxsienova]

It's the economic equivalent of Chernobyl.

[lovermyliar]

This reminds me of the song Minnie the Moocher by Cab Calloway.