Saturday, 24 September 2011

Prisoners of Debt: Inside the Global Banking Crisis

I know what you're thinking: "another global financial crisis video!"... but this gem is not from the sub-prime banking crisis which eventually morphed into the global banking and financial crisis of 2008-9 (which eventually transitioned to a sovereign debt crisis). No, this extremely well done video offers and inside view of the 1980's third world debt crisis. This is truly a must-see documentary, and is utterly eerily similar to what we just saw in the past few years.

This feature documentary reveals how Bank of Montreal chairman William Mulholland dealt with his debt-laden customers Dome Petroleum and Mexico during the global debt crisis of '82. Interviews with bankers and financial experts demystify the causes of debt crisis, confirm the fragility of the international banking system and outline the problems to be solved if the system is to survive.

Finance Documentaries:

1 comment:

  1. The embedded video doesn't seem to work for me... here's a replacement link: