When the World Went Bust - 4 January 09 - Part 2

After years of unprecedented boom a financial firestorm, sparked in the US, is sweeping through much of the world.

In a special programme Al Jazeera's Samah el-Shahat charts the roots of the financial crisis and visits Iceland, one of the high-profile casualties where jobs are being lost and lives destroyed.

Category:

News & Politics

Tags:

• economy
• financial
• crisis
• samah
• el-shahat
• al
• jazeera
• business
• wall
• street
• sub
• prime
• iceland
• geir
• haarde

[JSavic]

Why kill yourself ? Why not take down a few bankers first, just when they thought that they had escaped with all your money ?

[mfatah281]

At about 08:25 into the clip, the premier from Iceland contends that "no one could foresee the global financial crises." This is complete rubbish; the fact is that no one really listened and paid any attention to the ones who were sounding the alarm bells since over a decade!

[eatandtravel]

More demigods are on the way. Sad. I thought we were passed this.

[badseed136]

Geir Haarde should be hit in a public square by an angry mob. For his own safety he should stay where ever he is and never return to Iceland.

[YvonJrDenis]

To pretend these crisis could not be foreseen is a lie. It been planed by a few power freaks hundreds of years ago. Back when people revolted against the monarchy's. Just YouTube D D Eisenhower, farewell speech, JFK, secret society speech and so many other. Look at the Federal Reserve history. then add 1+1 see if you end up at 2. Please dare do these research.

[YvonJrDenis]

We know, the bankers of the federal reserve control and own the US monetary system and they are located in Washington DC. OK! If Americans don't own "their" money system, and Washington DC (District of Columbia) "not to confuse with the state of Washington" is a country within the USA ! My question is... Who own WDC? There's 3 of these country within a country in the world. WDC, City of London and the Vatican. Seems like the world power freaks control US.

[eitthvadannad]

Damn this thing sucks

[antiiraqwar]

because the common man has to pay for all the losses and the wealthy industrials can make more money!

[mike71470]

Why are we nationalizing the banks that lose money and not nationalizing the central banks which make money.

[lproth]

A little before my time, My sister in law gets lots of dates....