Money, Power and Wall Street, Part Four (full documentary)

Money, Power and Wall Street, Part Four (full documentary) | FRONTLINE

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Күн бұрын

In the fourth and final part of this 2012 award-winning series, FRONTLINE investigates a Wall Street culture that remains focused on making risky trades.
This journalism is made possible by viewers like you. Support your local PBS station here: www.pbs.org/donate.
FRONTLINE’s veteran financial and political producers Michael Kirk (The Choice 2020: Trump Vs. Biden, United States of Conspiracy), Martin Smith (The Crown Prince of Saudi Arabia, The Pension Gamble), Marcela Gaviria (A Subprime Education, Separated: Children at the Border) and Tom Jennings (Right to Fail, Opioids Inc.) team up to present this Emmy Award-winning documentary series.
#Documentary #MoneyPowerWallStreet
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Major funding for FRONTLINE is provided by the Ford Foundation. Additional funding is provided by the Abrams Foundation; the John D. and Catherine T. MacArthur Foundation; Park Foundation; and the FRONTLINE Journalism Fund with major support from Jon and Jo Ann Hagler on behalf of the Jon L. Hagler Foundation, and additional support from Koo and Patricia Yuen.

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@HodgeChris 8 күн бұрын

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.

@PatrickFitzgerald-cx6io 8 күн бұрын

True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.

@brucemichelle5689. 8 күн бұрын

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

@foden700 8 күн бұрын

My partner’s been considering going the same route, could you share more info please on the advisor that guides you?

@brucemichelle5689. 8 күн бұрын

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’COLLEEN ROSE MCCAFFERY” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@foden700 8 күн бұрын

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

@susannnico Жыл бұрын

The most important thing that should be on everyone's mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.

@lailaalfaddil7389 Жыл бұрын

How can this person, ROCHELLE DUNGCA-SCHREIBER be reached please...

@lailaalfaddil7389 Жыл бұрын

Wow! I just looked up this person out of curiosity and I'm super impressed with her qualifications. Thanks for sharing.

@raedbilbessi4397 2 жыл бұрын

this is journalism at its finest. Thank you Frontline PBS.

@timothypulliam2177 2 жыл бұрын

When a poor person steals money they go to jail. When a rich person steals money, they're given more money.

@prepperjonpnw6482 2 жыл бұрын

Hey that’s the American way! Oh wait, I meant to say Hey that’s the Goldman Sach’s way! I’ve decided to quit my diet and stop exercising in the hope that I will be declared to big to fail. That way everyone else in America will pay my bills and I’ll be given big bonuses as well. Seems like a good plan to me. In reality if I screw up my finances I have to file for bankruptcy and lose all the nice stuff I bought on credit including my house and car. Then I have to make monthly payments until I pay back an agreed upon amount including the lawyers fees for setting it up for me. Then my credit is supposedly ruined for ten years except at about the 3 year mark I started getting offers for credit cards and car loans all sorts of stuff. Interestingly none of the offers would last past the last day of my bankruptcy lol. Seems they know I can’t file a second time within that ten year span. Ain’t life grand! Only in America! Lol

@normamimosa5991 2 жыл бұрын

Ouch! You obviously watch the mainstream media where they do not show what is happening today around theft. In California, thieves can steal up to $900.0 worth of goods and not be arrested or prosecuted. There are videos showing such thefts in progress, as store personnel and shoppers stand by and watch. There are videos of gangs of thugs entering stores and escaping with bags of goods, everyone looking on. Major stores are leaving jurisdictions that don't prosecute thieves to the detriment of the people and the area. We have just been through a protracted period of street burning, smashing, burning and looting - picking large stores clean - with no consequences for the culprits. The mindset of Biden Regime supporters is that poor people have a right to steal, because they are unable to purchase the goods themselves. There are many issues surrounding the banks; however, who are the banks? They are public corporations with thousands of shareholders. If you have a pension, or a mutual fund, or any other kind of savings, you are likely to be one of the owners.

@michaelrichardson1898 2 жыл бұрын

Like the Democrats

@arrowb3408 2 жыл бұрын

@@normamimosa5991 Heard about the news in CALIFORNIA lately. Honestly speaking, California looting incident news happened in late 1980s was the only one I could remember and the world there calmed down till Biden grandpa. All kinds of canadrum all raised after Biden administration. Even Trump time wasn't that bad at all with few old discrimination issues. Now California has changed even worse than the time I visited in 90s. The song-- California Dream reflects it's just a dream not feasible for anyone to live with EVEN WORSE high tax rate. No fun to live in that sunshine coast anymore. Guess only the people there understand this state.

@arrowb3408 2 жыл бұрын

@MarkT36 2 жыл бұрын

"If you slit our wrists, corporate logos would jump out" hilarious

@dlighted1277 Жыл бұрын

@15:18 Lol!😄

@ishibi 2 жыл бұрын

You know a documentary’s good when you have to pause several times to exclaim “Oh my God.”

@brendajackson13 2 жыл бұрын

Or 'what the fuck!'

@michaelcallas9463 2 жыл бұрын

Brenda took the words out of my mouth. Unbelievable greed.

@markjohnson3845 2 жыл бұрын

multiple pauses just to say Wow

@SvalbardSleeperDistrict 2 жыл бұрын

You know the general population is completely lost in consumerism and capitalist indoctrination when what they see in documentaries like this is suddenly a shock to learn about the system they live in.

@dmimz8593 2 жыл бұрын

Shocking.. I’m stunned , appalled and shocked. I hate to say, but we aren’t going to learn our lesson until another full blown depression.

@AstroBax 2 жыл бұрын

19:52 This one sentence, including the laugh at the end, is the perfect summary of this whole serie

@stldweller 2 жыл бұрын

IF people really understood 401K is really just another bank product thats not to you advantage and benefits them, the fees rob you of potential wealth.

@187mrsmith 2 жыл бұрын

We are literally still feeling the effects from the economy collapse back then today

@debisybesma5855 2 жыл бұрын

i think you're right---along with the fact that everything changed and not for the better. "we" sucked it up----"we" adapted----"we" became the underdogs to the richer and powerful and----look at "us" now....i've never lived in so much uncertainty in all my life! peace.

@XMON888 2 жыл бұрын

Keep kicking the can down the road

@kennethdeed1199 2 жыл бұрын

You are 100% correct. What I found shocking to add to that fact, is that bankers still have their snouts in the trough with over $80bn in bonuses between 2008 and 2021. They have learned nothing, yet we are all still picking up the pieces while they are busy creating the next crash!

@SHurd-rc2go 2 жыл бұрын

Add the expense of Covid to the country. To all countries!

@normamimosa5991 2 жыл бұрын

Today we are feeling the effects of creeping totalitarian fascism under the Biden Regime. If you live in the US, did you vote for him?

@e.s.l.1083 2 жыл бұрын

"your whole first summer is taken up with... golf lessons and wine tasting - so, you know how to behave in a business environment"

@havokbaphomet666 2 жыл бұрын

And people are still debating "leftists" vs "right wingers" when the real issue is hidden in plain sight, right at their faces

@michaeldonovan3007 2 жыл бұрын

Now it's AMC and GameStop.

@swallowedinthesea11 Жыл бұрын

Nancy Pelosi makes $115 million a year!

@mikhelBrown Жыл бұрын

Now it's the FED versus everybody else.

@skymaster4743 Жыл бұрын

People debating left and right wing politics in America remind me of Baghdad in 1258, where Arabs were debating whether crow meat was permissible to eat or not while the Mongol hordes stood at the gates of the city.

@sueprator9314 Жыл бұрын

When it comes to cultural, racial, and social justice - there still is a left and right approach to attempting OR NOT ATTEMPTING TO SOLVE OUR NATION'S PROBLEMS.

@nohopeequalsnofear3242 2 жыл бұрын

12 years later....here we go again

@fireball0762 2 жыл бұрын

we need more documentaries like this one. instead of politics, what about economics! LOVE THIS

@hieulengotran5093 Жыл бұрын

NO. không ráp TRỤC SERIES số nhỏ. NO ? WORLD ? MONEY

@accountsequity5587 Жыл бұрын

This is politics lmao. Did you watch the documentary. No regulations for these guys, because they bought the politicians.

@JamesOfEarth 2 жыл бұрын

“Lobbyist” was referenced dozens of times throughout the series. Seems a valid investigation topic of its own.

@staceystrukel1917 2 жыл бұрын

You mean the root of the problem

@soxx795 2 жыл бұрын

I agree, without reservation. Let's have a closer look at these "back room" dealers, shall we? Come on Frontline; if anyone can do it, you can.

@Chino-bk9fd 2 жыл бұрын

THIS

@rexi1414 2 жыл бұрын

Lobbying is something I think should really be banned. Every time I watch a documentary of something in politics had gone wrong, I hear one fucking word that seems to be behind all the bad decisions that legislators and executive brunch had done that led to catastrophy. That word is: "Lobbyist/Lobbying/Lobby !!!"

@bobcornwell403 2 жыл бұрын

We really need to examine what we mean whe we say "lobbyist". What the word means to me is someone who represents folks who make large campaign contributions.

@kenrehill8775 2 жыл бұрын

Since this doc was made in 2012, NOTHING HAS CHANGED.

@bobbymainz1160 Жыл бұрын

Investing early can greatly increase the potential for long-term growth. According to a recent study by Vanguard, if an individual invests just $3,000 at age 25, they could have over $500,000 by age 65.

@JaykeTurner Жыл бұрын

Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.

@AlexanderTurke Жыл бұрын

We must consider safer investments with promising returns in order to plan for the future. If you approach investing with a five-year perspective and simply DCA whenever you receive a check. Under the direction of my investment advisor, "HEATHER ANN CHRISTENSEN", whose expertise in portfolio diversification is unsurpassed and client-focused, my portfolio has gained almost $643k since January 2022.

@RebeccaBellick Жыл бұрын

@@AlexanderTurke I was listening to a podcast when I heard a line about taking calculated risks while remaining within your risk threshold that really stuck with me. How can I get in touch with the financial advisor you use?

@AlexanderTurke Жыл бұрын

@@RebeccaBellick Just look her name up on a browser, she's quite popular so it shouldn't be a hassle finding her.

@IntuitivelyCurious 26 күн бұрын

An average of 10 percent yearly return at 3 percent inflation would turn $3000 into $135,000 or so. Not sure how you got 500k.

@postscript5549 2 жыл бұрын

SO MUCH of this problem was LARGELY enabled by dismantling Glass Steagall. I REMEMBER CLEARLY being shocked and appalled at the time. Bill Clinton.

@josho6038 2 жыл бұрын

A bank run exposes it all

@lindablackwell4852 2 жыл бұрын

Clinton did this so Republicans would vote/allow HMO ( which Clinton's next term went away).

@1MinuteFlipDoc 2 жыл бұрын

Clinton - a pawn of wall street. was worth several hundred million dollars, following his presidency. hahha

@skeptick6513 2 жыл бұрын

Dont forget NAFTA welfare "reform" and vast expansion of the drug war. Oh and bjs from interns in the white house. Total scum.

@202One 2 жыл бұрын

Clinton 1992 ~ 1996 started the Deregulations, FHA $500 Billion guaranteed loans - Wall Street etc etc! 😁

@NICO-Z-TRADER 2 жыл бұрын

This is really a top notch documentary. I binge watched the 4 parts in a row and that was great ! Watching this 10 years after makes you realise that sadly, nothing has changed. I had to pause many time and take deep breaths to calm down especially when banks got the money with NO STRINGS ATTACHED, while at the same time so many people/municipalities etc. lost everything... Greed in its ugliest face.

@mattt2094 Жыл бұрын

Sadly, we are in a much weaker position now, if something like this blows up again now, it could realistically lead the world into a 2nd great depression because the government doesn't have the same intervention power that they had back then. They do that now and they may end up collapsing the currency.

@hieulengotran5093 Жыл бұрын

NO. không ráp BẢNG IN ít số không. NO ? WORLD ? MONEY

@peterbarrett5496 Жыл бұрын

U mean garbage documentary with a communist agenda. Every verb or adjective they use is dripping with sustain, immorality, guilt. Fake narrative.

@TheRealDarklock Жыл бұрын

My favorite is where in 2018 there was a significant reduction in the Dodd-Frank act... and then Biden takes over and totally ignores the changes even though he was the VP when it was formed... and SVB fails and who gets blamed? Trump. ALL of these politicians have been playing dangerous games with our lives.

@davehoward8998 10 ай бұрын

Don't you know America was built on greed?

@JayBryce916 2 жыл бұрын

Money is not the root of all evil. It’s the love of money that is the true evil (Greed)💯

@zillap3343 2 жыл бұрын

Something people always misquote. Great you corrected it.

@SaraSara-kr6sp Жыл бұрын

Nothing evil about greed lol. You can be greedy and fair. You can just work harder bcs of greed. If someone has a lot of money and still works 16hours a day, he is greedy, doesn’t mean he is evil lol.

@thomastallerico6340 2 жыл бұрын

Frontline is a top notch series all the time. Great programming.

@187mrsmith 2 жыл бұрын

I must say this is the type of journalism I appreciate and would gladly sit down to watch I already watched all 3 parts leading up to this and then I realized Hey I think today they're gonna release the final part and little did I know u guys was on Q

@donthomason8409 2 жыл бұрын

So far the documentary has done nothing but protect the bankers and the politicians ask they haven't been truthful with you and told you to hold them story

@alkhadr1365 2 жыл бұрын

It's crazy, the modern world is built on a house of cards. This whole thing can go under at anytime.

@YABBAHEY1 2 жыл бұрын

I did not know the definition of a package of bull sh*t is called "a product". Almost gives it a sense of substance, clever fellows these modern thieves.

@florabelleantonio8062 2 жыл бұрын

They are literally two legged shark!! Eats the ones that are helpless!!

@YABBAHEY1 2 жыл бұрын

@@florabelleantonio8062 candy gram....

@rickyendsley8666 Жыл бұрын

Careful they package it and sale and call it a rose.

@SurfistaCamad 2 жыл бұрын

incredible depth, incredible journalism, nothing dumbed down. PBS this 4 part series is a wonderful piece of work.

@Practicalinvestments Жыл бұрын

It is dumbed down actually, but that’s ok, it’s easily digestible for the public and still a good documentary with good information, just not super in depth

@serbtrooper99 Жыл бұрын

This was a top notch documentary. Frontline does some amazing journalism. We need more of this today. People need to learn!

@themaddfann8599 2 жыл бұрын

I love these documentaries

@hoggers7572 2 жыл бұрын

The thing that burns is that for all this crime no one goes to jail

@pia2021 9 ай бұрын

These are excellent documentaries and are easy to understand by working middle - lower class people like me who have limited understanding of financial/economic terminology yet care for what happens in this country.

@mecthegreat92 2 жыл бұрын

This was never a housing bubble it was a credit bubble.

@josho6038 2 жыл бұрын

And it is only bigger now

@mecthegreat92 2 жыл бұрын

@@obsculor your right but as I mentioned before that is a credit issue.

@josho6038 2 жыл бұрын

A mass bank run ends the charade over night

@mecthegreat92 2 жыл бұрын

@@josho6038 mortgages are loans and loans are a form of credit

@josho6038 2 жыл бұрын

@@mecthegreat92 who has a mortgage anymore?

@pucka_ak47 2 жыл бұрын

her face expression at 7:39 says everything regarding money and her salary at the time...

@pn2543 2 жыл бұрын

"Financialization is the end stage of capitalism." When the majority of the private financial businesses do not contribute to anything actually productive or socially worthwhile. Taxing speculation and high frequency trading would be a good start.

@ernestobadillo1725 2 жыл бұрын

Wonderful series. I would love if you could update it. What has happened to the banking system since?

@thekongstocks 2 жыл бұрын

BINGO!

@marietaylor5174 2 жыл бұрын

The banking industry has gotten more powerful thanks to the ever growing number of paid-off politicians.

@hornpub267 2 жыл бұрын

THE BANKING SYSTEM IS SATANIC IT WILL NEVER CHANGE UNTIL THE WORLD END

@williamjones0815 2 жыл бұрын

👍

@andrewpm8900 2 жыл бұрын

Episode 5 The banks go under, cryptocurrency takes over

@prepperjonpnw6482 2 жыл бұрын

It’s September 2021 and I just finished watching all 4 episodes. I would love to see an updated version of this series. Have we learned anything since these were made? Did anyone else get prosecuted or lose their job things like that.

@davidelmsly5130 2 жыл бұрын

NO ONE!

@mikeace5831 2 жыл бұрын

Check out the movie The Inside Job

@hornpub267 2 жыл бұрын

THE SATANIC BANKERS NEVER GO TO PRISON

@buildmotosykletist1987 2 жыл бұрын

@@davidelmsly5130 : Watch the video again and again until you hear a fraction of the truth and hopefully a fraction of the "lies by omission" from PBS. Can you name the people that this video reveals are in prison.

@PaulRizzo504 2 жыл бұрын

Nope because shortly after this series GoldmanSachs was caught up in the 1MDB scandal that cost Malaysia billions.

@matttrella262 2 жыл бұрын

This was a great special it was very hard to put it down and break it up. I couldn’t stop at 3 had to finish it. Stay strong America 🇺🇸🇺🇸

@samreynolds3789 2 жыл бұрын

TOO LATE! The 1% and V.Putin , put Trump IN POWER to FINISH USA🇺🇸 OFF ! The WEALTHY can RE-SET & NOT SKIP a Beat !

@alexisdix2691 2 жыл бұрын

If anyone needed a reason to get dark money out of politics there it is. Support For the People Act!

@samreynolds3789 2 жыл бұрын

NOT GONNA HAPPEN !

@hornpub267 2 жыл бұрын

THE SATANIC WALLSTREET OWNS THE CONGRESS AND THE SENATE !

@burjalmadre Жыл бұрын

@@samreynolds3789 NOT with that attitude! It COULD happen if millions and millions of Americans joined arm in arm and marched against WallStreet AND the government to say we wont take this shit anymore from people who are SUPPOSED to represent and work FOR us! Civil disobedience, mass boycotting on a colossal level. NOTHING votes in this country quite like money, and the US people are too lazy and divided, most catastrophically, to realize that we could make a difference if we banded together as we should be doing. Its all fucking depressing.

@loudini2695 2 жыл бұрын

Great job that was done here great journalism as well having the ability to find the only 3 people in Wall Street that had a conscious and getting them interviewed

@willymilkscows6346 2 жыл бұрын

would like to sentence them to 100 years hard labour

@MakerInMotion 2 жыл бұрын

In city sewer systems, there are blockages that form called "fat bergs." Cooking oil dumped down drains by restaurants and homes solidifies and combines with baby wipes and condoms and human waste to form a solid fatty blockage. I've always felt bad for the city workers that go down there with shovels and remove them. It's a perfect way for corrupt bankers to make restitution.

@richardmillward3898 2 жыл бұрын

@@MakerInMotion but don’t give them any tools or food. Make them eat their way out!

@prepperjonpnw6482 2 жыл бұрын

I was thinking about Ft Leavenworth they can spend all day making big rocks into little rocks. They can think of them as derivatives lol

@edwardk4198 2 жыл бұрын

Watched the whole documentary. Even after a decade it is an amazing testimonial to greed and incompetence in government, public policy, and Wall Street recklessness. President Obama and Treasury Secretary Geitner effectively engaged in the American version of the Battle of the Somme. They saved the banks, the bankers, and Wall Street at the cost of millions of homes, jobs, savings, and foregone opportunity. Nothing has changed except it is getting harder for ordinary people. Cost has been transferred to the public sector. The next bankruptcies could be the governments.

@henryford2950 Жыл бұрын

All going according to plan.

@dlighted1277 Жыл бұрын

You're one of those people who just want to find any reason to justify your hatred of Barack Obama. @9:50 Listen to what is being said, not what you want to hear. Bill Clinton removed the last of the Wall Street depression era reforms, and before him, the reigns were steadily loosening. President Obama had a LOT of messes to clean up so that the economy would not fall completely apart.

@aburger1789 Жыл бұрын

True unfortunately, nothing has changed

@buggyboogle9 Жыл бұрын

The outcome was Trump.

@buggyboogle9 Жыл бұрын

The problem is also that many of these people, who are in Government Finance positions, who control policy, ARE from Wall Street. So they just look out for Wall Street.

@mukkaar 2 жыл бұрын

Honestly this is to me is core problem with banking, investment and financial world. That sector is supposed to be there to facilitate transactions, loans and investments for other industries and people. But really it's just bubble where people play with money to make money and take absurd slices out of it. It's just pretty absurd that majority of world's money is used to play game of numbers and to pay those players. And to make no mistake, it's a game, and they are turning ever more things to playthings to trade with. Now financial sector is *much* bigger than what you would call real economy. Aka. business of goods, services between other companies and people.

@donthomason8409 2 жыл бұрын

How do you think the politicians become millionaires

@jaws6307 2 жыл бұрын

Wall Street is sleazier and more full of crime than anyone can imagine.

@nanettematthews2264 2 жыл бұрын

Organized grime.

@hornpub267 2 жыл бұрын

WALLSTREET IS A SATANIC CULT

@kevinj2261 2 жыл бұрын

This a facinating series of documentory on Finacial crisis of 08, it attracted like a magnet makes me sit down and watched whole 4 espisodes for 4 hours, thank you PBS

@Rickwmc 2 жыл бұрын

5:15 "Concentration of wealth and power has been built on other people's money, other people's business, other people's labor. Under this concentration, independent business was allowed to exist only on sufferance. It has been a menace to American democracy. - Franklin D. Roosevelt (32nd U.S. president).

@deephousedrones 2 жыл бұрын

"Derivatives... Its where the Really BIG Money is made"...... that really stuck with me

@deloresboudreaux2755 2 жыл бұрын

Love Frontline, very knowledgeable and forthcoming.

@PerryLevy 2 жыл бұрын

Glad this was uploaded...nothing has changed.

@187mrsmith 2 жыл бұрын

Typical banker: There's a lot of risk involved with my clients money Typical banker: It's not my money so what do I care if I lose it all Client: Please be careful with my money it's my life savings

@squirrellyboe7421 2 жыл бұрын

@fkujakedmyname and progressive liberals can't figure out why people don't want a communist welfare state

@alexphoenix9208 2 жыл бұрын

@@squirrellyboe7421 So we accept a capitalist welfare state instead? The whole "communist" line is designed to end conversations vs open up dialog about better ways to operate.

@richardmillward3898 2 жыл бұрын

@@squirrellyboe7421 maybe it would surprise you to find out that progressive liberals also do not want a communist state. Name a single one who has suggested it would be a good idea. You can’t because none have. The republicans have been trying to scare you with this sh!t since McCarthy, and never stopped. Listen to Reagan - that was his whole spiel. Grow up, and let’s try to have a proper discussion, about facts.

@normamimosa5991 2 жыл бұрын

Actually that is not reflective of the investment industry. Financial advisors who deal with ordinary customers (versus large institutional clients) are bound by one hard and fast rule, with serious consequences if they deviate from it. The rule is "Know Your Client." In other words know your client's financial situation and risk tolerance and invest his/her money accordingly. Financial advisors also care if they lose a customer's money, as they will lose that client if they do lose money for the client.

@yearofthedawgs8581 2 жыл бұрын

@@normamimosa5991 We're not saying that they literally don't care. The point is that their degree of caring is not on par with their client, whose personal income is literally at risk. The banker is worried about losing a profit. The client is worried about losing his money.... idk about you, but I'd rather lose a prospect of getting paid rather than losing my money.

@ImZeroDayz 2 жыл бұрын

Man I'm so broke with two kids and my girlfriend is in school. 😔 These people make me sick to my stomach.

@rubenortega6088 2 жыл бұрын

This mini series is incredible, so good.

@JaykeDe 2 жыл бұрын

all these people should be jailed.

@frankherman5195 2 жыл бұрын

Hung would be more fitting with a designer Gucci rope

@motnabbi1 2 жыл бұрын

A very illuminating documentary which cuts through very deeply into complex world of wall street and then assembles the various facts to bring a very interesting anatomy of the crisis. It should be a requirement for students of banking and financial markets

@christopherdennis4280 2 жыл бұрын

It's great seeing the laughter in these people's eyes.

@ASkippingRock 2 жыл бұрын

I was studying business and international relations. I changed to horticulture and have been working as a professional gardener in botanic gardens for over a decade. I should have stayed in business. Doing the right thing is like taking a vow of poverty. America and capitalism is fundamentally broken.

@saadickhurre8867 9 ай бұрын

This is top class journalism. Thanks to PBS and everyone who contributes to Frontline documentaries

@phillyvoodoo 2 жыл бұрын

This has been a fixation of mine since I lived it and then understood it by watching Inside Job...... great documentary

@fufu3539 2 жыл бұрын

Lived it? How so?

@phillyvoodoo 2 жыл бұрын

@@fufu3539 Lost money in the financial crisis plus a complete evaporation of my lines of credit leaving me impotent to do business deals or pay bills

@fufu3539 2 жыл бұрын

@@phillyvoodoo It certainly hit you then. OW

@gavinjameslux 2 жыл бұрын

I'm fixated on it too; I'm autistic so..!

@minnesnowda2510 2 жыл бұрын

@@gavinjameslux it’s interesting at the time I was fixated on the fed and Ron Paul, then Bitcoin came and now it’s going full circle. It was the biggest transfer of wealth in history and now these banks are starting to jump in.

@pn2543 2 жыл бұрын

Michael Burry now tells us in 2021 we are in a bubble 'orders of magnitude' larger than 2007, so I look forward to Frontline explaining it to us in 10 years or so after the coming crash, since no one in media seems to be paying attention to it now.

@irishfuk3219 2 жыл бұрын

Where is the great DR Burry ? I have followed his advise, I purchased land with water on it and no one in the foreseeable area to drink it out from under me. I would like to hear what he has to say !! For the record, I too, am socially awkward.

@SamSitar 2 жыл бұрын

any government ordering a crash is high on something.

@donthomason8409 2 жыл бұрын

You can be assured that front line won't be telling you the whole story because they are part of the media and the media is the big problem they are the ones that don'there are the ones that don't keep us informed what really is going on

@daweller Жыл бұрын

@@SamSitar not if they short it

@imnotcrazyaskkim6591 2 жыл бұрын

15:13 bullshit she was making money hand over fist and she knew exactly what she was doing.

@johncoll4456 2 жыл бұрын

Those people are used to double talking others. Also known as BULLSHIT.

@willowbark5649 2 жыл бұрын

"How much are you making?" "I'd really rather not say....but it's more than you would make at most first time jobs." Guiltily takes a sip of water. Yeah, I don't think I made a million dollars at my first job!!

@minymoe9475 2 жыл бұрын

Politicians, people working at Wall St. have no integrity, they're all crooks.

@tommysandoval9185 2 жыл бұрын

@@minymoe9475 the water suppers are just as guilty as the banks. They participate to try and wash their hands clean.

@SoapinTrucker 2 жыл бұрын

LOL I agree, it has taken almost all of 40 years to finally top $1M GROSS (Per my annual Social Security Statement Tally) as a typical Joe!

@oldones59 2 жыл бұрын

The reason that the woman made the statement you mentioned is because she's afraid someone will find and hurt her, not because of her contract.

@tylerkeller8869 2 жыл бұрын

@Willow Bark: Absolutely. The guilty sip of water speaks volumes.

@j158 2 жыл бұрын

I know a decent amount about finance, and let me say while it is essential, it is currently way oversized in our economy.

@burjalmadre Жыл бұрын

Is there anything we can do or demand as American people to change this?

@whoisdickieschnabel Жыл бұрын

There's got to be something the people can do. This is outrageous.

@DC-nj8kv Жыл бұрын

The whole thing makes me want to puke. From; Clinton removing regulations, to the unchecked greed of the banks digging their own grave and their attitude towards their customers, to Obama and congress not regulating when they had the chance, to no one being held responsible (except the taxpayer).

@dianaverano7878 9 ай бұрын

Simple: put the clowns who ruined financial system and regulate the financial institutes with their new financial products. Putting them in jail is not even happening yet

@soxx795 2 жыл бұрын

In the end, "greed" will take its toll. The most prolific conman in existence can never run a con on a person that is not greedy; what's more that prolific con man will tell you the same thing. Guaranteed.

@ev3goddess 2 жыл бұрын

*True

@e.s.l.1083 2 жыл бұрын

yep, individually... that's the 'self check'

@kazkk2321 2 жыл бұрын

5-10 million a year? Are you kidding? Compare it to the likes of me who make 18.0$/hr. Compare that to an over worked underpaid teacher or a nurse. This is a crime against humanity

@jolness1 Жыл бұрын

The crazy thing is you’re doing better than a lot of people. I’m fortunate to have a great career but… we shouldn’t have people starving in the wealthiest nation on earth.

@EnragedEagle 2 жыл бұрын

It's incredible because there are even less safeguards and sound regulations today than prior to the crash. Now The Fed isn't just pumping the banks but corporations too - insane. I used to think just the execs needed to be held accountable, but now I think everyone involved in the machinations of these schemes should be.

@khankrum1 7 ай бұрын

Start prepping now! @ PENSIONER PREPPER

@socal20001 2 жыл бұрын

capitalism and making an honest living are two diverging concepts! To think otherwise makes us fools!

@Skylark-nu4qt 10 ай бұрын

Amazing series! Very well done and informative. Thank you!

@fixthatface483 2 ай бұрын

This was such an excellent series. It helped me understand a lot of the issues that I didn’t quite get back in 2008/09 since I was still in high school. I thoroughly enjoyed this. Thank you Frontline!

@davidschloeder5344 2 жыл бұрын

Watched this after the 2008 crash years ago. Now I'm even more infuriated. Both parties are Grifters for Wall Street. Fire them all, and reinstate the Glass Steigle Act. Put Volcker in charge.

@Carol28160 2 жыл бұрын

A well put documentary, I enjoyed! Now I'll be waiting for the next one.. when again the housing market bubble will pop

@jaypatel-xz6tr Жыл бұрын

This series has been phenomenal

@W.C. Жыл бұрын

Wow. Sad this documentary is over. Well done.

@keepingitreal437 2 жыл бұрын

To summarize the 4 hour long video What causes the 2008 crisis ? GREED

@Onionbaron 2 жыл бұрын

And a global belief that regulations and transparency are bad... (the lobbyist really sold that one in hard with success...)

@ReclaimerX 2 жыл бұрын

And it's gonna cause the crisis that's brewing right now and would have bubbled over if the money printer wasn't going 24/7.

@donthomason8409 2 жыл бұрын

Or I haven't heard anything about what really was the big problem and a lesson HA in this segment PB S it's not going to

@blongshanks77 2 жыл бұрын

Wow, so derivatives have no meaningful contribution to society other than to make bankers rich. At least with stocks, the companies benefit with more capital and the investors benefit as part owners of the company. Bonds benefits both the company and the investors as a loan to that company, which helps the company invest and grow itself. Derivatives seem real shady to me.

@richardmillward3898 2 жыл бұрын

They mentioned it in episode 1. Farmers have used derivatives for hundreds of years, to lock in a favourable price for their future harvest. If the price of their product rises significantly, they will have missed out on a larger profit. However, if the price of their product falls, they are guaranteed to receive the price they locked in with their derivative.

@richardsejour7731 Жыл бұрын

@@richardmillward3898 The difference between farmers and bankers is that farmers use derivatives as a risk-adverse system to mitigate loss in a market that is uncertain thereby giving everyone an equal playing field. Banks use derivatives to bet against their consumers, because the banks have far more knowledge about trends in the markets....because they help to establish market trends. Banks won't accept a derivative deal unless the odds are in their favor, or to think about it another way, if the customer is expected to lose.

@tylern2668 2 жыл бұрын

Ken Griffin at Citadel needs to start watching at 12:45.

@godlove4080 2 жыл бұрын

Notice the smiles when ask how much you guys make

@lh98 2 жыл бұрын

Does this mean it’s less risky to be ripped off if we invest in drugs and drug selling versus giving our money to the criminals in suits?

@sureshnishtala2887 2 жыл бұрын

The best liner was ..."Nobody know how a system works"

@deliafredericks7578 11 ай бұрын

Im from Cape Town, South Africa and just love Frontlines documentaries You get to know USA and I'd love to visit it one day ❤

@EchoJ 7 ай бұрын

If you remember nothing else from this part of the documentary, remember this: *The deregulation of Wall Street by Willie J. Clinton paved the way for 2008 and the headaches that the corporate financial industry continues to be today.*

@lorenzonotarianni1667 2 жыл бұрын

My father is from Cassino and this is the first time I have heard of this and what I interpret here is the naive and inexperienced Cassino public officials with no knowledge whatsoever were like a swimmer bleeding and surrounded by white sharks. To be honest I blame Cassinos public officials. Greetings from Italy

@natty_ankrah 2 жыл бұрын

Who’s watching in December 2021

@hughlawson5399 6 ай бұрын

what the world needs is more "financial innovation"

@JelaniZarathustra 2 жыл бұрын

This reminds me of those documentaries you'd use to watch in elementary school

@issacf4416 2 жыл бұрын

All “good” things will come to an end. Brace yourselves. Those guilty will have eternity to ponder their decisions. 🔥 awaits.

@Rickwmc 2 жыл бұрын

"Of all the forms of tyranny, the least attractive and most vulgar is the tyranny of mere wealth, the tyranny of plutocracy." - J.P. Morgan (19th Century and early 20th century American financier).

@dontryon1081 2 жыл бұрын

Keep up the good work

@cclongboards 2 жыл бұрын

Blessings to the former employees trying to push back and reform this mess.

@cclongboards 2 жыл бұрын

@Denis Bajic The definition of blessing is not something that requires a religious affiliation. Websters Definition of blessing 1: b: APPROVAL, ENCOURAGEMENT

@cclongboards 2 жыл бұрын

@Denis Bajic Christianity is not a nationality as far as I am aware.

@vidamace6230 2 жыл бұрын

Even if you know about it, what can you do about it

@jvggraphics 2 жыл бұрын

thank you for this series......i love truth......i love frontline and have always loved pbs.

@squirrellyboe7421 2 жыл бұрын

Pbs has agendas just like every other persuasive entity. Don't be fooled

@donthomason8409 2 жыл бұрын

Truly if you think this is true you don't know a damn thing about this government

@jvggraphics 2 жыл бұрын

@@donthomason8409 government =dishonesty i enjoy truth and always look at both sides and use critical thought to form my own view.....but thank you for your feedback and much love to you and yours.

@troytaylor4996 Жыл бұрын

Wow these episodes are awesome 👌🏽!!!!

@l2etranger 2 жыл бұрын

Thank you. 👌🏾👌🏾👌🏾

@priayief 2 жыл бұрын

Maybe there will come a time after an even more dramatic and painful crisis, where public opinion and public will, will be enough to overcome the powerful financial lobby. I get the sense that there are real and effective solutions - ones proposed by those that know the inner workings of finance and yet still have the ethics and vision to lead change.

@martin2514 2 жыл бұрын

2008 will be a cake walk compared to what is coming.

@matahari1576 2 жыл бұрын

With these 4 parts Michael Kirk and his team created a very fine, understandable, very informative, never boring „diary“ of the Banking crises. Only thing missing: the private character of the Federal Reserve system, which is not Federal nor has it any reserves nor a real system, except keeping the Banksters and their pals afloat at all costs.

@bcanuck 2 жыл бұрын

From a Truthdig article: Japan has been canceling its debt at the rate of $720 billion (¥80tn) per year. How? By selling the debt to its own central bank, which returns the interest to the government. While most central banks have ended their quantitative easing programs and are planning to sell their federal securities, the Bank of Japan continues to aggressively buy its government’s debt. An interest-free debt owed to oneself that is rolled over from year to year is effectively void. I don't understand finance very well, but this seems a good alternative to what the Federal Reserve is doing to your nation.

@fgm1696 2 жыл бұрын

Talking about organized crimes and criminal enterprise, here is the ultimate one of global scale

@operator9858 2 жыл бұрын

nothing is going to change. it never does.

@debisybesma5855 2 жыл бұрын

i would rather be as poor as a church mouse than to look around at "all i had" and know that i had it all by screwing someone else! the term "de-regulation' comes to mind thru out this, which in turn has become a giant free for all for those chosen few. i wonder how "free' they would be if they were using their OWN monies!!!

@cindiraella 2 жыл бұрын

Excellent!

@jacobzaranyika9334 2 жыл бұрын

Thank you🙏 again

@TenzinLundrup 2 жыл бұрын

It's sad to see these destroyed communities.

@everymp 2 жыл бұрын

After watching the entire four episodes, I couldn't but think isn't the current craze towards cryptos the same thing as the derivatives? How can you invest in an arbitrary "currency" that is based on some computer algorithm? Derivatives are created and packaged by algorithms.. isn't it? Or am I missing something?

@sandeepmehta5311 2 жыл бұрын

You are absolutely right, trillions of printed money (debt) creation is put to work, come 2024, crypto currencies will be made illegal and then debt is lost for them. You lose real money in virtual world the day you changed your real currency exchange to virtual currency. If crypto currencies are banned 7 trillions of printed money exchange for virtual money is back to banks and eventually Fed.

@AllRoadsLeadToYah Жыл бұрын

I look at crypto potential as a replacement for these people. But 99.9% of them are useless. Depends where your funds land

@suckmyartauds Жыл бұрын

Crypto is quite different in how it functions, but it's still a scam. Crypto is a Ponzi scheme/pyramid scheme attached to a fancy algorithm that places the "product" securely in the hands of the owner. Cryptocurrency is only valuable if you get masses of people to buy in. Derivatives are only valuable if the bets prove true. Derivatives can in theory exist without algorithms at all, computers just speed up the scam. Cryptocurrency requires computers. I am probably not making sense as I'm no expert. I recommend the documentary Line Goes Up by Folding Ideas