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Dispatches - CRASH: How Long Will It Last
Monday, 27th April 2009
8pm to 9pm
Part 2 of 2
The high standard of journalism from last week is continued in this the concluding episode of Will Hutton's analysis of the Crash and how it all went wrong.
Hutton reveals how those who tried to warn of the impending financial disaster were shouted down, ignored or fired. As a result, the repercussions of the collapse of Lehman Brothers hit an unprepared and vulnerable UK, and left the government frantically trying to prevent a banking collapse from turning the UK into an economic wasteland.
Despite the collapse of Northern Rock a year before, the government, the regulators and the banks had largely ignored the warning signals that more collapses would follow. Hutton looks at the weeks that followed Lehman's collapse: weeks that will go down as some of the most crucial in Britain's economic history.
Nationalising key banks, and then underwriting the banks' bad loans, prevented meltdown, but at a terrible cost that will haunt us for years to come. Dispatches reveals the mistakes that lead to the current crisis and asks: what will it take to lift the UK out of the biggest recession in living memory?
=== File Information ===
File Name: Dispatches - Crash - How Long Will It Last.avi
Duration: 00:48:48 (73,207 fr)
File Size: 379 MB (or 388,800 KB or 398,131,200 bytes) bytes
=== Video Information ===
Video Codec Name: XviD
Video Bitrate: 949 kb/s
Bits / Pixel: 0.173 bits/pixel
Resolution: 624x352 (1.77:1) [=39:22]
Frames Per Second: 25.000 fps
=== Audio Information ===
Audio Codec: 0x0055(MP3) ID'd as MPEG-1 Layer 3
Audio Bitrate: 130 kb/s (65/ch, stereo) VBR LAME3.90
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