Podcasts by The banking crisis: cause and effect - for iPad/Mac/PC
Autumn 2008 witnessed a global financial crisis with governments worldwide taking emergency action to prevent a collapse of the banking system. The aftermath of the worst financial crisis since the 1930s saw economic activity slump. In the UK, higher unemployment, falling house prices and a sharp increase in government debt proved to be the alarming legacy of the near implosion of the banking system. This fascinating insight into the downfall of the global financial markets gives us a clear understanding of where it all went wrong. This material forms part of The Open University course DB234 Personal investment in an uncertain world
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Transcript -- The banking crisis: cause and effect from 2010-03-29T02:10:16
A short introduction to this album.
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The collapse from 2010-03-29T02:09:17
Banks were once the corner stone of modern British society, but by September 2005 banks stopped lending to each other overnight. What happened? What caused this credit crisis?
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Transcript -- The collapse from 2010-03-29T02:09:16
Banks were once the corner stone of modern British society, but by September 2005 banks stopped lending to each other overnight. What happened? What caused this credit crisis?
Listen
Transcript -- Casino Banking from 2010-03-29T02:08:16
As banks were pressured to increase returns, the age of casino banking was born. Along with it came ever more complex forms of securitised debt.
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More lending, more spending from 2010-03-29T02:07:17
By the end of 2004 people were offered more money and a larger choice in financial products. Ken Jones explains how cheap credit helped his business go from strength to strength.
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Transcript -- More lending, more spending from 2010-03-29T02:07:16
By the end of 2004 people were offered more money and a larger choice in financial products. Ken Jones explains how cheap credit helped his business go from strength to strength.
Listen
Rating Agencies: too lenient? from 2010-03-29T02:06:17
Were the rating agencies too lenient? Should these private companies have seen the crisis coming?
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Transcript -- Rating Agencies: too lenient? from 2010-03-29T02:06:16
Were the rating agencies too lenient? Should these private companies have seen the crisis coming?
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The first domino: Northern Rock from 2010-03-29T02:05:17
In early 2007 Northern Rock were the first of the UK retail banks to seek emergency funding from the Bank of England.
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Transcript -- The first domino: Northern Rock from 2010-03-29T02:05:16
In early 2007 Northern Rock were the first of the UK retail banks to seek emergency funding from the Bank of England.
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Nationalising the banks from 2010-03-29T02:04:17
Twelve months after the fall of Northern Rock the UK Government intervene with fresh capital for an otherwise failed banking system. Never the less the country plunged head on into a recession.
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Transcript -- Nationalising the banks from 2010-03-29T02:04:16
Twelve months after the fall of Northern Rock the UK Government intervene with fresh capital for an otherwise failed banking system. Never the less the country plunged head on into a recession.
Listen
The future of banking from 2010-03-29T02:03:17
What does the future hold for the retail banking system? Will we be forced to revert back to more a traditional, low profit approach to lending?
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Transcript -- The future of banking from 2010-03-29T02:03:16
What does the future hold for the retail banking system? Will we be forced to revert back to more a traditional, low profit approach to lending?
Listen
The banking collapse in context from 2010-03-29T02:02:48
The Open University’s Martin Upton, Jonquil Lowe and Alan Shipman look back and reflect on the global effects of the banking crisis of 2008-09.
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Transcript -- The banking collapse in context from 2010-03-29T02:02:47
Transcript -- The Open University’s Martin Upton, Jonquil Lowe and Alan Shipman look back and reflect on the global effects of the banking crisis of 2008-09.
Listen
Transcript -- The banking collapse in context from 2010-03-29T02:02:47
Transcript -- The Open University’s Martin Upton, Jonquil Lowe and Alan Shipman look back and reflect on the global effects of the banking crisis of 2008-09.
Listen
Transcript -- The banking collapse in context from 2010-03-29T02:02:47
The Open University’s Martin Upton, Jonquil Lowe and Alan Shipman look back and reflect on the global effects of the banking crisis of 2008-09.
Listen