BBC.The.Love.of.Money.2of3.The.Age.of.Risk.XviD.AC3.MVGroup.org.avi
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BBC.The.Love.of.Money.2of3.The.Age.of.Risk.XviD.AC3.MVGroup.org.avi -
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Description
The Love of Money
Culture, Sociopolitical Documentary hosted by Alex Jennings and published by BBC in 2009 - English narration
Information
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Last September the collapse of Lehman Brothers tipped the world into the greatest financial crisis for eighty years. Now, one year on, , the BBC offers the definitive account of what happened.
An unrivaled cast of contributors from national leaders, finance ministers and CEOs describe their tense negotiations in New York and London as Lehman Brothers headed towards bankruptcy. The likes of Gordon Brown, Tim Geithner and Alistair Darling reveal the dilemmas they faced and the decisions they took. This programme explains why the collapse of one bank had such disastrous consequences for the world's economy heralding the global recession.
1) The Bank That Bust The World
This tells the inside story of the dramatic weekend in September 2008 that nearly destroyed the global economy. How and why did Lehman Brothers - an established powerhouse of the investment banking world - go bankrupt? Why did its collapse start the earthquake that sent shockwaves through the financial markets?
With eye-witness accounts from those involved, including Timothy Geithner, Alistair Darling, Barclays President Bob Diamond, former Merrill Lynch CEO John Thain and Lehman's bankruptcy lawyer, we tell the gripping story of how the collapse of a 158-year-old investment bank threatened a catastrophic financial meltdown.
What was it like to be there? Here's what Harvey Miller, Lehman's bankruptcy lawyer says: "We really were in almost an adversarial situation."
2) The Age of Risk
This features a major interview with Alan Greenspan and puts the current economic crisis in the context of the last two decades of history. We examine the confidence underpinning two glorious decades of boom. It shows how we changed our attitude to risk and consumers borrowed more, banks lent more and - above all - governments stepped back from regulating any of it.
At the heart of it all is Alan Greenspan who, for 20 years, was one of the most powerful people in the world and a committed exponent of free markets. But then, in October 2008, just a few weeks aft