The greedy corporations too stupid to realize that they are going down with the economy. Greed breeds ignorance
Global Financial Meltdown - One Of The Best Financial Crisis Documentary Films
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.
Global Financial Meltdown Part 1
Global Financial Meltdown Part 2
Global Financial Meltdown Part 3
Global Financial Meltdown Part 4
The Incredible Shrinking Middle Class
KPBS News - Uploaded on Sep 26, 2008
Nearly 40 percent of San Diegans dont earn enough money to live here, according to a new report. San Diego is the 11th most expensive city in the United States. The Countys unemployment rate is at a 13-year high -- 6.4 per cent, and 100,000 people are looking for work. KPBS reveals why this is happening in a new documentary.
The Crazy Old Activist comment - This is from the beginning of the recession. The unemployment rate has gone down but the number of employed has gone up. most of the jobs are minimum wage (slave labor.) College graduates and former middle class people are working at minimum wage
The Financial Crisis Is Forcing America To Redefine Its Values
Journeyman Pictures - Published on May 24, 2016
Death Of The American Dream? (2008): The credit crunch has hit hard middle-class America hard. Many are using at as an opportunity to re-evaluate what is important to them.
What Happened to Middle Class America? - The Business of Life (Episode 7)
VICE News - Published on Jul 22, 2015
As we inch closer to the 2016 election, presidential candidates and politicians have begun to phase out the term “middle class” from their vocabulary. Terms like “everyday Americans” and “hard-working taxpayers” are replacing the once-common term. “Middle Class,” a phrase that once evoked a sense of optimism, shared wealth, and the American Dream, now invokes a sense of anxiety, and an uncertain future. Why? Because, as automation replaces jobs and the income gap widens, the middle class is in a catastrophic state of decline.
On this episode of the Business of Life, we'll get to the bottom of just what the "middle class” is: how to get in, how to stay in, and why so many Americans are falling out. Joined by David Madland of the Center for American Progress, national correspondent for Fox Television stations Charlie LeDuff, and Shikha Dalmia of the Reason Foundation.
The American Dream is becoming a Nightmare
Crazy Old Activist