Meltdown – The Secret History of the Global Financial Collapse

Doc Zone has traveled the world – from Wall Street to Dubai to China – to investigate The Secret History of the Global Financial Collapse. Meltdown is the story of the bankers who crashed the world, the leaders who struggled to save it and the ordinary families who got crushed. (2010, 180 mins)

Meltdown also tells the stories of desperate foreclosed homeowners in California, disillusioned autoworkers at the end of the line in Ontario and furious workers in France who shocked the world by kidnapping their own bosses.

1. The Men Who Crashed the World. Greed and recklessness by the titans of Wall Street triggers the largest financial crash since the Great Depression. It’s left to US Treasury Secretary Hank Paulson, himself a former Wall Street banker, to try and avert further disaster.

2. A Global Tsunami. The meltdown’s devastation ripples around the world from California to Iceland and China. Facing economic ruin, desperate world leaders are at each other’s throats.

3. Paying the Price. The victims of the meltdown fight back. In Iceland, protesters force a government to fall. In Canada, ripped off autoworkers occupy their plant. And in France, furious union members kidnap their bosses.

4. After the Fall. Investigators begin to sift through the meltdown’s rubble. Shaken world leaders question the very foundations of modern capitalism while asking: could it all happen again?

Hat tip Top Documentary Films

2 responses to “Meltdown – The Secret History of the Global Financial Collapse

  1. “Greed and recklessness by the titans of Wall Street triggers the largest financial crash since the Great Depression”
    Actually ,it was Fannie and Freddie that triggered the collapse.

    “The meltdown’s devastation ripples around the world from California to Iceland and China”
    Only countries that were over-leveraged were impacted.

    “The victims of the meltdown fight back”
    The so-called victims figting back had little or no loss to the collapse. Most of the victims were the traders on Wall Street.

    “Shaken world leaders question the very foundations of modern capitalism ”
    Actually, it was excessive spending and borrowing that caused the most damage to coutries, not capitalism.

    Thanks for another shining example of failed journalism and not knowing how finance and economics work. Coalition Of The Oblivious must be proud.

  2. not quite, ieaffiliates. “spending and borrowing” IS “capitalism:” maximization of profit through a medium of exchange. The core assumption is endless growth, and Hubbert nailed this over 20 years ago: http://www.oilcrisis.com/hubbert/monetary.htm
    “deficit” dill-wah is simply warmed-over Reaganomics… named after the original dark lord of “borrow and spend.”

    When the profits are privatized and the losses are socialized, why not lend “money” (debt) to fireplugs? So- what- you’re blaming the fireplugs?

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