As the credit crunch continues to leave Britain cash-strapped and high street banks report huge losses, Dispatches investigates who is responsible for the current crisis. Reckless lending and risky investments have been blamed for directly driving up mortgage rates and increasing the numbers of people losing their homes.
Dispatches investigates how the bank chiefs allowed this to happen and if lessons have been learnt from the Northern Rock crisis. Former investment banker James Max tracks down the banking bosses who have presided over the colossal losses to see if they will be held to account.
He examines the billion pound bonus culture and lifestyle of the City’s wide boys and investigates how the banks are now seeking to make back the money they lost before the credit boom hit the buffers.
Featuring the results of an exclusive survey of bank lending rates, and how much money banks are re-claiming through them, the film also offers expert advice on how to cope with higher interest rates and shows how customers can take banking into their own hands.
3 Comments / User Reviews
This makes my blood boil . Trouble the Govt. has no power , or desire , to change things in the murky world of banking and financing. To do so to any meaningful extent would probably involve nationalising the banks !!! Not possible you say ? RBS and Loyds are already under ownership of taxpayers not that its made any difference to the executives and traders and their bonuses. It`s all just sickening when Govt cuts are paying for these bastards. Come the Revolution I Say !
soon as everyone starts wanting to become a banker, it is a good time
to leave. The truth often lies with the minority” Dai Zhikang
Watch Not for Sale too, great documentary
im sure this docco is good but just cant stand the voice.. 3 stars