Meltdown – The Men Who Crashed The World

Dandelion Salad

Replaced first video Dec. 2, 2015 and added Parts 2-4

Spencer Campbell on Mar 26, 2013

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.

The first of a four-part investigation into a world of greed and recklessness that led to financial collapse.

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.

*

Part 2

Sarah Livesey Dip M.T on Oct 12, 2011

Part 3

Sarah Livesey Dip M.T on Oct 12, 2011

Part 4

Spencer Campbell on Mar 26, 2013

see

#OccupyWallStreet: Police Kettling Protesters + Live Stream + Protesters arrested

Michael Parenti: Profit Pathology and Its Alternatives + Q&A

How the Most Dangerous Game Is Being Played by Joseph Natoli

#OccupyWallStreet Protesting Outside Wall Street + Live Stream

Dare We Question Capitalism? by Jack A. Smith

The Financial War Against Iceland by Prof Michael Hudson

Exclusive: Derivatives for Dummies by The Other Katherine Harris

6 responses to “Meltdown – The Men Who Crashed The World

  1. Pingback: Moyers & Company: Crony Capitalism « Dandelion Salad

  2. Pingback: How Goldman Sachs Came to Rule the World « Dandelion Salad

  3. Pingback: In the belly of the beast By William Bowles « Dandelion Salad

  4. Pingback: Sheared by the Shorts: How Speculators Fleece Investors by Ellen Brown « Dandelion Salad

  5. Pingback: Chris Hedges: Occupy Wall Street Interview – We have a moral imperative to fight for life « Dandelion Salad

  6. Pingback: #OccupyWallStreet: Police Kettling Protesters + Live Stream + Protesters arrested « Dandelion Salad

Please add to the conversation.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s