•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Benedicte Gravrand, Opalesque Geneva:

Reviewing history is always valuable. Reviewing recent financial history, in today’s context, can also be enlightening. Should you wish to enjoy a more succinct overview through the moving images, rather than the written words, here is a sharp and detailed TV documentary on the 2008 credit crisis and what followed.

Newswire Aljazeera has produced a four-part fast-tempo documentary on the 2008 credit crisis called "Meltdown", which started being transmitted last month." The first part’s title, "The men who crashed the world", refers to Countrywide’s CEO Angelo Mozelo, "a billionaire mortgage-seller who fooled millions"; Bear Stearns’ CEO Jimmy Caine, "a high-rolling banker with a fatal weakness"; Lehman Brothers’ CEO Richard Fuld, "a ferocious Wall Street predator"; and U.S. Treasury Secretary Henry (Hank) Paulson as "the power behind the throne."

Aljazeera’s excellent and detailed 42 minute-film is led by commentaries from Phil Angelides, chairman of the U.S. Financial Crisis Inquiry Commission and many other financial players. It recalls the subprime loans in the U.S. and the property boom; the fraudulent practices of the mortgage businesses; the pass-the-buck attitude throughout the financial markets; and Alan Greenspan (former Treasury Secretary) who could have stopped subprime lending but did not ("I was right 70% o......................

To view our full article Click here