Anatomy of the collapse of 2008 A rather high-quality documentary about the fraudulent and corrupt schemes that were used by US financial corporations, and which led to the collapse of 2008, which began with massive defaults on mortgages (loans were practically unsecured) and the bankruptcy of Lehman Brothers.
Fraudulent schemes are associated with the use of a complex derivatives system, which led to the fact that mortgage loans have virtually ceased to be backed by anything.
And corruption schemes are associated with the prevention of financial market regulation (through the lobby in Congress, the White House and the Central Bank-Fed), and the silence of fraudulent schemes.
The film consists of fragments of interviews with financial experts and footage from the news. A voiceover explains what is happening.
Many people accuse the film of being “one-sided.” It is only the opinion of Wall Street opponents. But wait a minute, those characters who could have come up with an alternative perspective, some way to respond to the accusations, just refused to be interviewed, and every such rejection is reported in the film.
And where is the alternative opinion that would justify the behavior of financial corporations and the Fed to some extent?
There is no such well-founded opinion. It is very difficult to justify the creation of financial pyramids. It is very difficult to justify lobbying the interests of the 1% of the population while creating a catastrophic risk for the other 99%. It is difficult to justify the falsification of scientific research that masked the brewing problem. It is difficult to finally justify the Congress and the White House, which followed the lead of the Fed and banks, and refused financial regulation.
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