This four-part series on the global financial crisis, by Al Jazeera, offers an excellent insight into the causes of the financial crisis. In particular, this installment focuses on the events that lead up to the crisis, and the initial stages of the great unwinding; following the events in the early stages of the crisis such as the bank run in the UK and the collapse of Bear Stearns and then Lehman Brothers. It also focuses in on the key personalities in the crisis; the wall street investment bankers, and the power brokers in Washington.
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?
Finance Documentaries: http://www.financedocumentaries.com/2011/10/meltdown-men-who-crashed-world.html