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Featured Documentary

BBC | The City Uncovered | Banks and How to Break Them | Episode 1 of 3 (2009) 60 min.

Synopsis

To find out what went so badly wrong, Evan returns to first principles, and explains exactly how a bank is supposed to work and what happened when banks abandoned their traditional role.

Evan traces the rise and fall of two banks whose collapse symbolises the wider catastrophe - Northern Rock and Lehman Brothers. Just why did the UK experience its first run on a high street bank since the mid 19th century? And what prompted a giant of Wall Street to collapse in the biggest bankruptcy in history?