"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."
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