Documentaries on the 2008 Crisis: Meltdown, Plunder, When Bubbles Burst, Capitalism: A Love Story
Trader's Film Library #35 · The 2008 crisis. The 2008 crisis from four perspectives: from Wall Street to a Norwegian municipality.
Original title: Meltdown · Plunder · When Bubbles Burst · Capitalism: A Love Story · Type: documentaries · Created by: various · Usefulness for traders: ★★★☆☆
What it's about
Four documentaries that show the crisis from different angles. “Meltdown” (2010) is a four-part history of the crisis from the collapse of Lehman Brothers. Danny Schechter's “Plunder” (2009) investigates the links between the crisis and abuses on Wall Street. Hans Petter Moland's “When Bubbles Burst” (Når boblene brister, 2012) follows the money of Norwegian municipalities that lost out on financial products. Michael Moore's “Capitalism: A Love Story” (2009) is a polemical attack on the financial system.
What it has to do with markets
The common denominator: financial products sold as safe that turned out to be toxic, and people who didn't understand what they were buying. “When Bubbles Burst” is especially interesting, because it shows the crisis through the eyes of ordinary local officials from a small Norwegian municipality.
Lessons for traders
- a “safe product with high returns” is a contradiction
- crises spread around the world through interconnections
- understand who profits from selling the product being offered to you
What to watch out for
Documentaries of varying reliability. Moore and Schechter have a clear political thesis.
Discussion
The discussion takes place in Hetman Capital Club (in Polish). Join the discussion in the Club →
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The description outlines the plot without revealing the ending where possible (true stories have a known outcome). Educational content, not investment advice.