In 2008, a series of bank and insurance company failures triggered a financial crisis that effectively halted global credit markets and required unprecedented government intervention.
These failures caused a crisis of confidence that made banks reluctant to lend money among themselves and to anyone.
The crisis was spawned in real estate and the subprime lending crisis.
These failures caused a crisis of confidence that made banks reluctant to lend money among themselves and to anyone.
The crisis was spawned in real estate and the subprime lending crisis.
Increases in housing prices coincided with the investment and banking industry lowering lending standards to market mortgages to unqualified buyers allowing them to take out mortgages they could not afford.
At the same time government deregulation blended the lines between traditional investment banks and mortgage lenders.
Who were responsible and could this crisis have been avoided? Can it happen again with even more serious consequences?
JYOTI is pleased to present a four-part documentary series on the subject, made available through Forbidden Knowledge TV. Click on the link below to watch the first in the series.
'Meltdown: The Men who Crashed the World' - Documentary Series Part 1
We'll present the entire series over the next four Mondays
Who were responsible and could this crisis have been avoided? Can it happen again with even more serious consequences?
JYOTI is pleased to present a four-part documentary series on the subject, made available through Forbidden Knowledge TV. Click on the link below to watch the first in the series.
'Meltdown: The Men who Crashed the World' - Documentary Series Part 1
We'll present the entire series over the next four Mondays
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