The CBC’s Terence McKenna takes viewers behind the headlines and into the backrooms at the highest levels of world governments and banking institutions, revealing the astonishing level of backstabbing and tension behind the scenes as the world came dangerously close to another Great Depression.
<em>Meltdown </em>also tells the stories of desperate foreclosed homeowners in California, disillusioned autoworkers at the end of the line in Ontario and furious workers in France who shocked the world by kidnapping their own bosses.
Since the financial meltdown began, trillions of dollars have been spent rescuing banks and jumpstarting economies, yet recovery remains fragile. Fears abound of a “double-dip” return to recession. The millions around the world who lost homes and jobs are demanding answers: How did it all go so wrong? Who is to blame? They are angry because to date, only a few smalltime players have been held to account. No major banking, regulatory or government figures have yet been convicted of any wrongdoing.
<em>Meltdown</em> is the first comprehensive documentary portrait of the worst economic crisis of a generation.
<strong>Hour 1: The Men Who Crashed the World</strong>
Greed and recklessness by the titans of Wall Street triggers the largest financial crash since the Great Depression. It's left to US Treasury Secretary Hank Paulson, himself a former Wall Street banker, to try and avert further disaster.
<strong>Hour 2: A Global Tsunami</strong>
The meltdown's devastation ripples around the world from California to Iceland and China. Facing economic ruin, desperate world leaders are at each other's throats.
<strong>Hour 3: Paying the Price</strong>
The victims of the meltdown fight back. In Iceland, protestors force a government to fall. In Canada, ripped off autoworkers occupy their plant. And in France, furious union members kidnap their bosses.
<strong>Hour 4: After the Fall</strong>
Investigators begin to sift through the meltdown's rubble. Shaken world leaders question the very foundations of modern capitalism while asking: could it all happen again?