Meltdown , The men who crashed the world. Aljazeera

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.

Category:

News & Politics

Tags:

• crash
• Al Jazeera
• accident
• documentary
• analysis

[Matteax1]

Honestly ur uploads are of high cultural quality (imho) , it is a pleasure to see your videos =)

[luttimatos]

it's SO patheric that still there are people who does not believe in the existence of the freemason ILLUMINATI 33 degree. It does not matter the label,they can be call NSA -CFR or SHIT. Sadly it is real. And the evidence is everywhere.

[indignant99]

@fuelban How do you get SAHARA out of SARAH?

[fuelban]

Another very interesting upload video Sahara, very interesting and clearly to the point. "thumbs up".

Thom in Scotland.