Aftermath of the Financial Crisis
45' (GER, ENG subs)
There were several warnings that predicted a crash. But greed was stronger. But still investors are longing for more income returns.
On September 15, 2008, agencies reported the collapse of US bank Lehman Brothers. It was the biggest bankruptcy the world has ever seen and had fatal consequences for the finance markets. In the end, banks around the world had to be rescued - by taxpayers' money. That should never happen again. What has become of those promises made by governments? Are the banks under control? Has the industry learned from the crisis?
We will go on a search for clues, meet financial industry insiders and those affected. Again and again, we come across clear evidence that the financial crisis is by no means over. On the contrary. Today, 2018, there are amazing parallels to the time shortly before the mega-crash.
For bankers, risky financial transactions are still part of everyday life. Private debt, cheap money and opaque financial products - a dangerous mixture that could soon trigger the next crash in an explosive environment of greed and madness.
Christoph Kaserer of the Technical University of Munich explains this development as follows: "The major international banks - like almost all banks - have greatly expanded their balance sheet totals. This means that if one of these big banks gets into trouble, we won't be able to avoid the fact that the taxpayer can save us today."
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||10 Jahre nach der Finanzkrise
||45' (GER, ENG subs)
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