MELTDOWN: Al Jazeera Four Part Video Special

03 Economy, 07 Other Atrocities, 10 Transnational Crime, Budgets & Funding, Commerce, Commercial Intelligence, Corruption, Cultural Intelligence, Government, Law Enforcement, Money, Banks & Concentrated Wealth, Power Behind-the-Scenes/Special Interests

MELTDOWN

Part I:  The men who crashed the world

The first of a four-part investigation into a world of greed and recklessness that led to financial collapse.

In the first episode of Meltdown, we hear about four men who brought down the global economy: a billionaire mortgage-seller who fooled millions; a high-rolling banker with a fatal weakness; a ferocious Wall Street predator; and the power behind the thron

Part II:  A global financial tsunami

Meltdown examines how an epidemic of fear caused banks to stop lending, triggered protests and led to industrial action.

In the second episode of Meltdown, we look at how the financial tsunami swept the world. We hear about a renegade executive who nearly destroyed the global financial system and the US treasury secretary who bailed out his friends.

Part III: Paying the price

As the toll of the financial crisis continues to mount, many are looking for its true causes – and finding a crime.

The third episode of Meltdown looks at how the victims of the 2008 financial crash fight back. A protesting singer in Iceland brings down the government; in France a union leader oversees the kidnapping of his bosses; and thousands of families are made homeless in California.

Part IV: After the Fall

Some responded with denial, others by re-thinking capitalism, but who is preparing for the next crisis?

In the final episode of Meltdown, 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.

Phi Beta Iota:  This is a world-class series that misses just two things:

A.  Goldman Sachs has owned the US Treasury–providing the Secretary of the Treasurer (and today also the National Security Advisor to the President–for three critical administrations, each of which willfully eradicated safeguards.

B.  Senator Phil Graham (R-TX) and the other Senators who had and still have zero integrity, passing 200 pages of lobbyist written deregulation inserted into the bill five minutes before the vote.

Penguin adds:

C.  The perfidy of Clinton in his Glass-Steagall sellout and his CONTINUED malignant hyping of its ethic through obfuscation and the pimping of what “reputable” analysts who want access to his solon. For him America was built on deal making and networking.