Hey Folks..!!
Meltdown is a investigation into a world of greed and recklessness that brought down the financial world. The video begins with the 2008 crash that pushed over 3 crores people into unemployment, brought counties to the edge of insolvency and turned the clock back to 19 century.
What actually happend? what has caused such a unthinkable loss? was it a lack of government regulation, easy lending in the USA housing market meant anyone could qualify for a home loan with no government regulations in place.
This video tries analyse the epidemic of loss that caused the banks all over the globe to stop lending and how the people began their fight back. Finally, it asks the world that, if is ready for the next crisis or even as it recognises that this one is far from over.
They say that the sheikh's argue that the crash has never happened, a wall street king charged with fraud, a congresswoman who wants to jail the bankers and the world leaders who want a re-think of capitalism.
I wish you all will watch the above video and analyse what actually caused this massive disaster and who should be blamed for it, is it the government? or the banks?
Do write back your thoughts..!!
Regards
Aditya Macharla
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