Meltdown takes us into a world shaped by greed and recklessness which is responsible for the collapse of the global financial system.
The documentary begins by featuring the 2008 financial crisis where more than 30 million American citizens found themselves unemployed, brought nations to the edge of insolvency and turned the clock back to 1929.
But how did it all happen? The absence of government regulation; easy bank loans and the United States housing finance program meant anyone could meet the requirements for a home loan.
With London and New York competing to be the banking capital of the world and the British Finance Minister, Gordon Brown, introducing the “light touch regulation,” it gave bankers a free hand in the marketplace.
Meltdown moves on the analyze the widespread fear that saw banks across the globe stop lending and how began to fight back.
We about those who say the crashed didn’t happen; a wall street banker who got charged with fraud and a congresswoman who wants to send the bankers involved to prison. And the world financial leaders who want to reassess capitalism.
Finally, the movie questions how the world can get ready for the next global crisis as it acknowledges this crisis is far from over.