Flaw, The

Synopsis: Made by international award-winning documentary maker David Sington, The FLAW tells the story of the credit bubble that caused the global financial crash of 2008. Through 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 including Ed Andrews - a former economics correspondent for The New York Times who found himself facing foreclosure - and Andrew Luan, once a bond trader at Deutsche Bank now running his own Wall Street tour guide business, the film presents an account of the toxic combination of forces that nearly destroyed the world economy. The film takes its title from Alan Greenspan’s admission that he had found a flaw in his theory that free markets were self-correcting, leading to his failure to anticipate how subprime mortgage lending led to a housing and credit bubble, causing the world financial crisis.
Language: English
Country: Great Britain
Subjects: Economics
Keywords: mortgages; economic crisis; banking crisis

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