Documetários de referência e oficiais sobre a Crise e a queda do maior banco

1 mensagem neste tópico

não com o questionar, quer a fonte de produção, a TV Public BroadCast Service, como os intervenientes... os seus cargos e prémios falam por si

como sabem foi a queda deste banco que foi a ignição do descalabro que se tornou esta crise

podem ver provado o que realmente aconteceu e que foi provocado por interesses ecómicos

o dinheiro não desapareceu...mudou de mão, ter havido tb e em acréscimo desvalorizações, é um dos principais problemas e riscos graves deste sistema economico, que podem provocar um descalabro perigoso da sociedade

a alternativa é o sistema que praticamente foi usado até recentemente. o chamado "gold standard", ou o valor do dinheiro terá de ser apoiado por valores reais... só assim pode-se crescer produzindo e não se ser vitima de produtos tóxicos e exploração em diversas formas. por dependencia económica. visto a valorização estar nas mãos de um unico grupo de interesses

New PBS Investigation Takes Viewers Inside The Financial Collapse

“Breaking the Bank” is a documentary that will be first broadcast tonight on some PBS stations. This is Michael Kirk’s most provocative and insightful work so far in which viewers get a chance to understand the underlying forces of the recent financial collapse.

It is focused on the controversial purchase of Merrill Lynch by Bank of America right after the collapse of Lehman Brothers. At the center of the high tension drama were then Chairman & CEO of Bank Of America’s Ken Lewis & former Treasury Secretary Hank Paulson.

The investigative PBS piece on FRONTLINE reports that Paulson offered Lewis billions of taxpayers’ money to cover Merrill Lynch’s toxic assets. This was, however, kept secret for a month. Lewis now claims that he was coerced by Paulson into the deal.

Ken Lewis was stripped of his dual role at Bank of America (as Chairman and CEO) in May as a result of that transaction.

Lewis testified on June 11 at a hearing in Congress that he was told by both Fed Chairman Bernanke and Paulson that his job and the US economy at large were on the line if the deal with Merrill Lynch didn’t happen. During the hearing, a Congressman went as far as calling the deal a ” shot gun wedding “.

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"We didn't truly know the dangers of the market, because it was a dark market," says Brooksley Born, the head of an obscure federal regulatory agency -- the Commodity Futures Trading Commission (CFTC) -- who not only warned of the potential for economic meltdown in the late 1990s, but also tried to convince the country's key economic powerbrokers to take actions that could have helped avert the crisis. "They were totally opposed to it," Born says. "That puzzled me. What was it that was in this market that had to be hidden?"

Born's battle behind closed doors was epic, Kirk finds. The members of the President's Working Group vehemently opposed regulation -- especially when proposed by a Washington outsider like Born.

"I walk into Brooksley's office one day; the blood has drained from her face," says Michael Greenberger, a former top official at the CFTC who worked closely with Born. "She's hanging up the telephone; she says to me: 'That was [former Assistant Treasury Secretary] Larry Summers. He says, "You're going to cause the worst financial crisis since the end of World War II."... [He says he has] 13 bankers in his office who informed him of this. Stop, right away. No more.'"

Greenspan, Rubin and Summers ultimately prevailed on Congress to stop Born and limit future regulation of derivatives. "Born faced a formidable struggle pushing for regulation at a time when the stock market was booming," Kirk says. "Alan Greenspan was the maestro, and both parties in Washington were united in a belief that the markets would take care of themselves."

Now, with many of the same men who shut down Born in key positions in the Obama administration, The Warning reveals the complicated politics that led to this crisis and what it may say about current attempts to prevent the next one.




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