The men who crashed the world - Video

September 21st, 2011
Categories: News, Economic

Link: http://english.aljazeera.net/programmes/meltdown/2011/09/2011914105518615434.html

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.

A global financial tsunami - Video

September 21st, 2011
Categories: News, Economic

Link: http://english.aljazeera.net/programmes/meltdown/2011/09/201191713542357406.html

Meltdown examines how an epidemic of fear caused banks to stop lending, triggered protests and led to industrial action. In the second episode of Meltdown, we look at how the financial tsunami swept the world. We hear about a renegade executive who nearly destroyed the global financial system and the US treasury secretary who bailed out his friends. Henry 'Hank' Paulson, the former CEO of Goldman Sachs and later an economic advisor to the US government; refused to bail out global financial services firm - the Lehman Brothers. Paulson said it was not the role of government to save private businesses.

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