| Description |
1 online resource (streaming video file) (47 min. 58 sec.) ; 288596706 bytes |
| Summary |
It sounded so simple: give state-owned assets to the people. After all, what better foundation for a property-owning democracy than a campaign of privatisation encompassing housing?An economic theory says that markets cannot function without mortgages, because it is only by borrowing against their assets that entrepreneurs can get their businesses off the ground. But what if mortgages are bundled together and sold off to the highest bidder?This week Professor Niall Ferguson explains how someone's bright idea to bundle together a bunch of sub-prime mortgages and sell them on, virtually brought down the world's financial markets. PRODUCTION DETAILS:Presenter: Niall Ferguson; Director: Adrian Pennick; Producer: Melaine Fall; A Chimerica Media Production |
| Event |
Broadcast 2011-09-15 at 11:00:00 |
| Notes |
Classification: G |
| Subject |
Buckingham, George Villiers, Duke of, 1628-1687.
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Home ownership -- Economic aspects.
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Microfinance.
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Mortgage-backed securities.
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Real estate business -- Finance.
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United Kingdom.
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United States.
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| Form |
Streaming video
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| Author |
Ferguson, Niall, host
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Pennink, Adrian, director
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