Starting a thread here for future reference.
I've noticed, painfully, that there are many who don't really have a good idea of the mechanics of the Meltdown. Granted, it's fairly complicated and takes some time and effort to wade through and digest. I'm in the freakin' industry, and it took me some time to make some sense of it all.
But if you're actually interested in the bits & pieces, I've assembled a few tidbits here. None of them are long, and by the time you get through them, you'll have a much better idea of what happened and what we have to guard against going forward. Here we go:
Videos
This leaves out a lot of important detail, but it's a good start to understand the basics.
(11:10)
I loved the movie "The Big Short", but it's very dense with the information and I'm pretty sure it lost a lot of viewers along the way. But THIS is an EXCELLENT and quick description of the Meltdown, maybe the best SHORT (9:29) description I've seen.
Yes, writer Matt Taibbi is a lefty, but this appearance on the Joe Rogan (definitely NOT a lefty) show is an excellent overview and conversation at a very basic and understandable level.
Movies
The Big Short (Much more understandable if you watch those videos first)
Meltdown - The Men Who Crashed the World (Available on YouTube)
Global Financial Meltdown - (Available on YouTube)
Too Big to Fail (Flawed, but covers the government's reaction to the crash pretty well)
Inside Job (Excellent, if dry, roadmap of the mess)
There ya go. Get through this stuff and you'll have a great understanding of what happened.
...
I've noticed, painfully, that there are many who don't really have a good idea of the mechanics of the Meltdown. Granted, it's fairly complicated and takes some time and effort to wade through and digest. I'm in the freakin' industry, and it took me some time to make some sense of it all.
But if you're actually interested in the bits & pieces, I've assembled a few tidbits here. None of them are long, and by the time you get through them, you'll have a much better idea of what happened and what we have to guard against going forward. Here we go:
Videos
This leaves out a lot of important detail, but it's a good start to understand the basics.
(11:10)
I loved the movie "The Big Short", but it's very dense with the information and I'm pretty sure it lost a lot of viewers along the way. But THIS is an EXCELLENT and quick description of the Meltdown, maybe the best SHORT (9:29) description I've seen.
Yes, writer Matt Taibbi is a lefty, but this appearance on the Joe Rogan (definitely NOT a lefty) show is an excellent overview and conversation at a very basic and understandable level.
Movies
The Big Short (Much more understandable if you watch those videos first)
Meltdown - The Men Who Crashed the World (Available on YouTube)
Global Financial Meltdown - (Available on YouTube)
Too Big to Fail (Flawed, but covers the government's reaction to the crash pretty well)
Inside Job (Excellent, if dry, roadmap of the mess)
There ya go. Get through this stuff and you'll have a great understanding of what happened.
...
Last edited: