Transcript -- The banking crisis: cause and effect
Transcript -- A short introduction to this album.
29 March 2010, 1:10 am
7 minutes 47 seconds
The collapse
Banks were once the corner stone of modern British society, but by September 2005 banks stopped lending to each other overnight. What happened? What caused this credit crisis?
29 March 2010, 1:09 am
Transcript -- The collapse
Transcript -- Banks were once the corner stone of modern British society, but by September 2005 banks stopped lending to each other overnight. What happened? What caused this credit crisis?
29 March 2010, 1:09 am
3 minutes 44 seconds
Casino Banking
As banks were pressured to increase returns, the age of casino banking was born. Along with it came ever more complex forms of securitised debt.
29 March 2010, 1:08 am
Transcript -- Casino Banking
Transcript -- As banks were pressured to increase returns, the age of casino banking was born. Along with it came ever more complex forms of securitised debt.
29 March 2010, 1:08 am
4 minutes 4 seconds
More lending, more spending
By the end of 2004 people were offered more money and a larger choice in financial products. Ken Jones explains how cheap credit helped his business go from strength to strength.
29 March 2010, 1:07 am
Transcript -- More lending, more spending
Transcript -- By the end of 2004 people were offered more money and a larger choice in financial products. Ken Jones explains how cheap credit helped his business go from strength to strength.
29 March 2010, 1:07 am
2 minutes 11 seconds
Rating Agencies: too lenient?
Were the rating agencies too lenient? Should these private companies have seen the crisis coming?
29 March 2010, 1:06 am
Transcript -- Rating Agencies: too lenient?
Transcript -- Were the rating agencies too lenient? Should these private companies have seen the crisis coming?
29 March 2010, 1:06 am
5 minutes
The first domino: Northern Rock
In early 2007 Northern Rock were the first of the UK retail banks to seek emergency funding from the Bank of England.