The Trillion Dollar Crisis
The financial crisis that erupted throughout the world in autumn 2008 and since then has developed into a global economic crisis with an uncertain outcome did not come out of thin air and it is not the first of its kind. However the magnitude of it is utterly unique.
This DVD tells the chronicle of how it happened. It is the story of a house of cards, based on the real housing market in the USA, that was built higher and higher until it finally collapsed, wiping out money, security and confidence on an unprecedented scale.
2 The Trillion Dollar Crisis
3 The investors have too much money
4 The American Dream and mortgages
5 The banks
6 Credit securitisation
7 The idea has a forerunner
8 Derivatives: credit default swaps – insurance turns into betting
9 Variable interest rates
10 Subprime mortgages