Video: PBS Frontline
Zombies of Wall Street
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Banking loans caused a global financial crisis that the city of Cleveland, Ohio has struggled to recover from. This film examines predatory loan practices, their catastrophic results, and a city's fight to return to glory. Hear from citizens who have refused to leave derelict neighborhoods and city officials who are fighting to clean up the East Side.
Frontline
Are the CEOs of mega-banks too big to jail? Though fraudulent practices at banks contributed to America’s financial meltdown, to date no Wall Street titan has been convicted of a crime connected to the crisis. FRONTLINE investigates why Wall Street’s leaders have escaped prosecution.
PBS: Bill Moyers on the Big Banks.
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In this edition of Moyers & Company, Bill speaks with veteran bank regulator William K. Black who says Washington and Wall Street are joined in a culture of corruption. He lays bare the political and financial culture that led to the housing meltdown.
Clip from the 'Big Short' (2015).
Library Resources - Financial Crisis
When searching for articles on topics related to the Great Recession, or the financial crisis of (roughly) 2008-2010, try using the following terms:
GLOBAL Financial Crisis, 2008-2009
FINANCIAL crises
ECONOMIC recovery
QUANTITATIVE easing
MORTGAGE-backed securities
- Academic Search Complete (EBSCO) This link opens in a new window
- Business Source Complete (EBSCO) This link opens in a new window
The Watchdog That Didn't Bark by
In this sweeping, incisive post mortem, Dean Starkman exposes the critical shortcomings that softened coverage in the business press during the mortgage era and the years leading up to the financial collapse of 2008.
Call Number: 070.4493309 ST795 (Truax)ISBN: 023115819XPublication Date: 2015-05-05
The New Faces of American Poverty by
A timely examination of the effects of the Great Recession on Americans and the resulting federal reforms to healthcare, employment, and housing policies as a means to alleviate poverty. * Offers a detailed analysis of the impact of the Great Recession on poverty rates across 21 distinct demographic groups, including immigrants, children, seniors, veterans, and various racial and ethnic groups * Provides a basis for understanding the causes of the economic crises and the impact on the daily lives of individuals, families, and groups * Includes more than 20 contributing writers from universities and anti-poverty programs from across the country * Presents charts and graphics to illustrate key aspects of the Great Recession * Examines multiple groups in society in terms of how they have been affected by the Great Recession, rather than being limited to one or two segments of the population * Looks across multiple regions in terms of groups, segments of the economy, and political trends * Provides secondary looks past the first group boundaries to delve deeper into the circumstances of those whose circumstances have drastically changed by the Great Recession
Call Number: 339.460973 N532 VOL. 1 & 2ISBN: 1610691814Publication Date: 2014
The Big Short by
When the crash of the U. S. stock market became public knowledge in the fall of 2008, it was already old news. The real crash, the silent crash, had taken place over the previous year, in bizarre feeder markets where the sun doesn't shine, and the SEC doesn't dare, or bother, to tread: the bond and real estate derivative markets where geeks invent impenetrable securities to profit from the misery of lower- and middle-class Americans who can't pay their debts. The smart people who understood what was or might be happening were paralyzed by hope and fear; in any case, they weren't talking.The crucial question is this: Who understood the risk inherent in the assumption of ever-rising real estate prices, a risk compounded daily by the creation of those arcane, artificial securities loosely based on piles of doubtful mortgages? Michael Lewis turns the inquiry on its head to create a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 best-selling Liar's Poker. Who got it right? he asks. Who saw the real estate market for the black hole it would become, and eventually made billions of dollars from that perception? And what qualities of character made those few persist when their peers and colleagues dismissed them as Chicken Littles? Out of this handful of unlikely--really unlikely--heroes, Lewis fashions a story as compelling and unusual as any of his earlier bestsellers, proving yet again that he is the finest and funniest chronicler of our times.
Call Number: 330.973 L675 (ALL Libraries)ISBN: 0393072231Publication Date: 2010-03-15
The Flaw
Explores the reasons behind the 2008 global financial crisis, with interviews with some of the world's leading economists, including housing expert Robert Shiller, Nobel laureate Joseph Stiglitz, and economic historian Louis Hyman, as well as Wall Street insiders and victims of the crash. Truax Nonfiction, 330.90511 F591 DVD
Plunder: The Crime of our Time
Explores the reasons behind the 2008 global financial crisis. 1 DVD, 82 minutes. Docudrama Films, 2012.Plunder, the Crime of Our TimeExplores how the financial crisis was built on a foundation of criminal activity, uncovering the connection between the collapse of the housing market and the economic catastrophe that followed. To tell this story Schechter speaks with bankers involved in these activities, respected economists, insider experts, top journalists including Paul Krugman, and even a convicted white-collar criminal, Sam Antar. 1 DVD, 100 minutes. Disinformation Company, 2010. Call Number: 338.5420973 P737 DVD (Truax)
Website Sources for Info on U.S. & World Financial Crisis
This American Life Podcasts
This American Life is a show broadcast by many U.S. public radio stations and is available to stream or download shows. Between February 2009 and September 2010 they produced several, highly regarded shows on the Global Financial Crisis, with special attention paid to U.S. markets and consumer impact.