Overdose. The Financial Collapse

Description

The storm that would rock the world began brewing in the U.S. when Congress pushed the idea of home ownership for all, aiding those who couldn't make down payments. The market even coined a term: NINA loans (no income, no assets - no problem). When the world's financial bubble burst, the solution was to lower interest rates and pump trillions of dollars into the sick banking system. According to economics Nobel laureate Vernon Smith, "The solution is the problem. That's why we had a problem in the first place." Governments introduced the biggest financial stimulus packages in history. But what crazed logic is this, propping up debt with more debt? This documentary brings a fresh voice to the hottest topic of today.

Runtime

46 min

Subjects

Genre

Date of Publication

[2012], c2010

Database

Films on Demand

Direct Link

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