Krachs is a documentary on the history of finance and the crises that have shaken it, from 1929 to the present day. On October 6, 2008, stock markets around the world began their descent into hell. Panic seizes the Stock Exchange after the resounding bankruptcy of Lehman Brothers, the first of such a powerful bank. The general public then discovered a strange and worrying continent, that of the shadow banking system, the shadow banking system, populated by traders, hedge funds, structured products, futures sales, downward speculation, tax havens, toxic assets. In the surrounding chaos, an old actor who was thought to be retired has made a comeback: the State.
By focusing on several key dates, this film sets out to go back to the countdown that led to the current crisis: the advent of neoliberalism with the election of Ronald Reagan, the "big bang" of the city in October 1986, the first warning of October 1987, the beginning of the interminable Japanese crisis in December 1989, the profusion of credit from September 2001, the subprime crisis in the summer of 2007. A large number of archives make it possible to explain the political and social context of each period in which international finance evolved, the culture of king money, the starification of business leaders and the magic of stock market trading. 80 years after 1929, one year after 2008, the idea of ​​this documentary is to decipher and understand the stock market crashes that have led us to today's crisis.
Speakers: Patrick Artus, Director of Research and Economic Studies at NATIXIS, associate professor at the University of Paris ISorbonne and professor at the École polytechnique (since 1993); Nicolas Baverez, doctor in history, associate professor of economics and social sciences, ENA, columnist at Le Point and Le Monde; Daniel Cohen, professor of economics at the Ecole Normale Supérieure; Marc Fiorentino, CEO of the stockbroking firm EuroLand Finance, columnist at BFM and La Tribune, author of A trader never dies (novel, Robert Laffont, 2009) and of You will be a rich man my son! (Essay, 2005); Eric Le Boucher, editorial director of Enjeux-Les Echos, former columnist for Le Monde; André Levy-Lang, former chairman of the management board of the Paribas group; Bernard Maris, economist, associate and doctor in economics, writer and journalist; André Orlean, research director at the CNRS, director of studies at the EHESS, polytechnician, doctor of economics, member of the scientific council and of the Autorité des marchés financiers, author of Le Pouvoir de la finance (Odile Jacob, 1999); Marc Touati, Deputy Managing Director of the investment company Global Equities, President of ACDE (Association for Economic Knowledge and Dynamism).
Directed by Sylvain Bergere. Author Stephane Osmont