It was pretty good and I thought that it certainly explained the origins of the subprime crisis in an easy to understand way. However, I thought that the programme dwelled too much on the reckless borrowing that US consumers undertook and did not attempt to draw a parallel with the UK economy and its equally frightening mountain of debt. In addition, it is all the fault of the evil banks who just threw money at people, and it is not their fault that they borrowed more than they could afford to repay.
That’s what Northern Rock were at. Any Bank at this lark will hit a rock sooner or later. Insanity.
Programme was pretty good, if for no other reason than to inform Joe Public as to the recklessness of the supposedly sober institutions and the weakness of the Regulator.