Fascinating Programme On Financial Meltdown

Ignitionnet · 08-12-2011, 13:24

US focused but highly recommended.

http://www.bbc.co.uk/iplayer/episode...12_Inside_Job/

Chrysalis · 11-12-2011, 10:59

one wonders why it isnt uk focused as if we dont like blaming ourselves.

**Hugh** · 11-12-2011, 11:54

Because it was made by an American writer and film-maker for an American production company which has a record of focusing on US issues?

You may prefer this one on RBS

Osem · 11-12-2011, 12:59

Quote:

Originally Posted by Hugh

Because it was made by an American writer and film-maker for an American production company which has a record of focusing on US issues?
You may prefer this one on RBS

Yeah that might account for it lol

---------- Post added at 12:59 ---------- Previous post was at 12:31 ----------

On the subject of economic meltdown and RBS in particular, the FSA seems to have accepted that it made some very serious mistakes in it's oversight of the finacial sector.

http://www.bbc.co.uk/news/business-16126399

Quote:

The UK's financial regulator will be highly critical of its own role in its report into the circumstances surrounding the collapse of the Royal Bank of Scotland, the BBC has learned.

Many aspects of the Financial Service Authority's work were "inadequate" or "deficient", Monday's report will say.

Quote:

.....the FSA did not understand the wider banking system before the crisis, it states: "By 2007 the entire UK banking system was dependent on wholesale funding and therefore liquidity had become a huge issue and that the FSA failed to appreciate this."

Quote:

The report will be particularly critical of the £49bn takeover of Dutch bank ABN Amro at the height of the financial crisis in 2007. RBS pressed ahead with the biggest banking takeover in history but ABN's main assets turned out to be all but worthless. It led to a £45bn bail-out of RBS by the UK government three years ago.

Chrysalis · 11-12-2011, 16:03

Quote:

Originally Posted by Hugh

Because it was made by an American writer and film-maker for an American production company which has a record of focusing on US issues?

You may prefer this one on RBS

michael moore? that guy makes good stuff.

we need a uk version of him.

**Hugh** · 11-12-2011, 16:06

Quote:

Originally Posted by Chrysalis

michael moore? that guy makes good stuff.

we need a uk version of him.

No, Charles H. Ferguson.

Chrysalis · 11-12-2011, 16:14

Sadly I cant watch this yet due to my isp been too congested, I will maybe post a comment some time during the night if I am awake to watch it.

slowcoach · 11-12-2011, 21:10

Quote:

Originally Posted by Chrysalis

Sadly I cant watch this yet due to my isp been too congested, I will maybe post a comment some time during the night if I am awake to watch it.

Make sure you catch it, I particularly liked the parts where the people being interviewed started to turn back into Lizards as they fumbled to come up with a creditable lie, and failed.

Tuftus · 11-12-2011, 22:38

So. The whole system is corrupt then?

Ignitionnet · 12-12-2011, 08:05

Quote:

Originally Posted by Hugh

No, Charles H. Ferguson.

It was far too credible, factual and free of ranting to be a Michael Moore.

---------- Post added at 08:05 ---------- Previous post was at 07:58 ----------

Quote:

Originally Posted by Tuftus

So. The whole system is corrupt then?

Yep.

mullerman · 12-12-2011, 12:53

if only half of it is true then 95% of the world population is getting shafted by the other 5%.no wonder people demonstrate at the g summits and occupy the front of st pauls....feel like joining em!.also lots of jobs for the boys in usa,sure it happens everywhere else in the world,lunatics in charge of the asylum?,it could possibly be funny if it wasnt so serious...end of rant.

Chrysalis · 12-12-2011, 14:35

interesting this points back yet again to the 80s the decade of greed. raegen and thatcher.

---------- Post added at 14:35 ---------- Previous post was at 13:19 ----------

Ok watched it.

Question.

Is there a uk documentary on the same thing in the uk?
if not why not?

**Chris** · 12-12-2011, 14:53

BBC2 has just run a season on the money markets that covered some of the issues.

As to why there hasn't been a single, comparable documentary, well that would be because no UK film-maker has produced one. Simple as, really.

The one shown on BBC4 was branded as part of their 'Storyville' feature but that doesn't mean it was made, or commissioned, by the BBC. It wasn't. It was made by an independent American film maker and the BBC has bought the rights to show it, just the same as the BBC buys the rights to any number of other foreign-made films.

Chrysalis · 12-12-2011, 14:56

Sad really that no one here has the motivation as some of these us journalists. Instead our journalists target the wrong people.

It was a pretty good documentary.

Does anyone know if the uk took part in the EU reform mentioned?

So this documentary was only on bbc4 and not mainstream?

**Chris** · 12-12-2011, 15:21

It's on iPlayer within the BBC4 section, so has been on BBC4 within the qualifying period. I don't know how you would check back to see whether it has also been shown on another UK channel.

The film may have a Wikipedia entry, which may list places it has been screened.