1. Thurs am and USD regains some lost ground, now over 101
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  2. Good Thur Morning! To start we have Gold down 9 to 1202, while Silver is down 31 to 1695. We have Crude up on supply info after a big downswing, +31 to 5221. The USD is back above 101 at 101.12.
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  3. Week of 1/7/2017 Closing prices & Chg Over Last Wk---- Gold $1173.40-- UP 21.70 Silver $16.52-- UP 54 Oil $53.99 -- UP 27 TICS USD $102.21 -- DOWN 7 Based on near term futures contract--- At JMB Current price AGE 2017 $1243.95 (1), SAE $19.53 (20)
  4. Added Heartland Precious Metals out of OK and LA to the map, Added Texas Precious Metals, and Added Provident Metals.

Meltdown - The Men Who Crashed The World

Discussion in 'Library and Editorials' started by searcher, Sep 7, 2016.



  1. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    The men who crashed the world
    FauzInfoVids



    Uploaded on Sep 25, 2011
    The first of a four-part investigation into a world of greed and recklessness that led to financial collapse.

    In the first episode of Meltdown, we hear about four men who brought down the global economy: a billionaire mortgage-seller who fooled millions; a high-rolling banker with a fatal weakness; a ferocious Wall Street predator; and the power behind the throne.

    The crash of September 2008 brought the largest bankruptcies in world history, pushing more than 30 million people into unemployment and bringing many countries to the edge of insolvency. Wall Street turned back the clock to 1929.

    But how did it all go so wrong?

    Lack of government regulation; easy lending in the US housing market meant anyone could qualify for a home loan with no government regulations in place.

    Also, London was competing with New York as the banking capital of the world. Gordon Brown, the British finance minister at the time, introduced 'light touch regulation' - giving bankers a free hand in the marketplace.

    All this, and with key players making the wrong financial decisions, saw the world's biggest financial collapse.
     

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