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Posts tagged ‘General Motors’

Meltdown

September 2008 launched an extraordinary chain of events:

* General Motors, the world’s largest company, went bust.
* Washington Mutual became the world’s largest bank failure.
* Lehman Brothers became the world’s largest bankruptcy ever:
* The damage quickly spread around the world, shattering global confidence in the fundamental structures of the international economy.

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.

What can we learn here in Ireland from this??

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