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Overdose : The Financial Collapse
- Available as
- Online
- Summary
-
The storm that would rock the world began brewing in the U.S. when Congress pushed the idea of home ownership for all, aiding those who couldn't make down payments. The market even coined a term: N...
The storm that would rock the world began brewing in the U.S. when Congress pushed the idea of home ownership for all, aiding those who couldn't make down payments. The market even coined a term: NINA loans (no income, no assets - no problem). When the world's financial bubble burst, the solution was to lower interest rates and pump trillions of dollars into the sick banking system. According to economics Nobel laureate Vernon Smith, "The solution is the problem. That's why we had a problem in the first place." Governments introduced the biggest financial stimulus packages in history. But what crazed logic is this, propping up debt with more debt? This documentary brings a fresh voice to the hottest topic of today.
Details
- Creator
- Journeyman Pictures (Firm)
- Format
- Videos, Slides, Films
- Language
- English
- Contributors
- Publication
-
- New York, N.Y. : Films Media Group, [2012], c2010
- Physical Details
-
- 1 streaming video file (46 min.) : sd., col
- digital
- data file
- OCLC
- ocn841521705
- Access requires authentication through Films on Demand.
- Encoded with permission for digital streaming by Films Media Group on December 22, 2012.
- Films on Demand is distributed by Films Media Group for Films for the Humanities & Sciences, Cambridge Educational, Meridian Education, and Shopware.
- Mode of access: Internet.
- System requirements: FOD playback platform.
- Closed-captioned.
- Fixing a Debt Problem with More Debt (3:05) -- Predicting the Financial Crisis (2:31) -- Drunk on the Federal Reserve (2:26) -- Investing in the American Dream (1:15) -- NINA and Government Sponsored Enterprises (1:22) -- Fannie Mae and Freddie Mac (1:41) -- American Dream Down Payment Fund (1:49) -- Corrupt Rating Agencies (1:44) -- Nearing Financial Collapse (2:02) -- Bailout Strategy: Enabling an Addicted Financial System (1:18) -- Injecting 700 Billion into the System (3:00) -- Wasting Taxpayer's Money (0:59) -- Crisis Extends Beyond Banks (1:43) -- Inflation, Debt and Economic Suicide (1:43) -- Recovery and Reinvestment Act (1:25) -- Stimulus Money in Action (2:26) -- Junker Scrapping Bonus (2:27) -- Solving the Problem with the Problem (0:53) -- Recession Hits Main Street (3:10) -- Dangerous U.S. National Debt (2:28) -- Houses of Cards (1:22) -- New Global Inflation Bubbles (2:00) -- Inevitable Global Crash (2:19) -- Credits: Overdose: The Financial Collapse (0:42)