Saturday, 14 April 2012

Debt and Redemption

Debt and Redemption is must see viewing on the sovereign debt crisis. As most of us know by now "all over Europe, governments dressed up their accounts by buying exotic financial products from major investment banks." This documentary digs into one key aspect of the sovereign debt crisis; focusing on the misdeeds, mis-selling, and miscreants of the investment banks in pushing questionable products to European governments. While it is by no means the cause of the crisis; in fact the cause of the crisis is many years of fiscal mismanagement, inefficient and ineffective policy and low productivity, it is something worth noting - and it (mis-selling of derivatives and structured products) has happened before.

"Debt and Redemption shows how local authorities in Italy are struggling with the disastrous aftermath of their deals. The city of Milan has decided to strike back by charging four banks with fraud. The banks, as a matter of course, deny any wrongdoing. Marije Meerman visits Milan and the village Polino Italy and travels to the US, where she speaks to writer/journalist Matt Taibbi (Rolling Stone, Griftopia), investor/blogger Reggie Middleton (Boombustblog) and former IMF economist Simon Johnson (13 Bankers: The Wall Street Takeover and the Next Financial Meltdown)."

Buy the DVD on Amazon 
Finance Documentaries:

1 comment:

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