In the aftermath of the economic meltdown, Frontline looks for clues about why it happened and examines moments when it might have gone much differently. Michael Kirk discovers early warnings of the crash, reveals an intense battle among members of the Clinton administration, and uncovers a concerted effort not to regulate the lucrative derivatives markets, which would become the ticking time-bomb within the American economy.
I have heard a lot of stuff about derivatives. I understand those concerns. Those are not easy markets and you depend a lot on quotes. But it is not impossible and they give the option to undercapitalized people to start in markets.
Derivatives are not the problem. Liars are the problem- comedy mortgages, insane car loans, pay day loans-the level of household debt is just unsustainable-same as 2007. Credit crunch 2.0 will have no easy fix
Liars: yep but choose who to trust. mortgages: banks choose who to give car loans: same pay day loans: same. household debt: same credit crunch: same and if you are a bank you choose who to give. What means to me that its all about bad choices.