No kidding right? Now they're more interested in DEI. What the hell went wrong with the BBC? I'd never say a word against them, quite the opposite, if they did this kind of thing 24/7.
"We view them [derivatives] as time bombs, both for the parties that deal in them and the economic system. In our view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal." -Warren Buffett, 1995
I was 15 mins in and thinking “how come I’ve worked in and around banking all this time and I’ve never heard of this bank, or AZB, or Samir Badr?” 😂😂😂 It’s very well done. Very plausible, until they got to the explosion in Saudi and the terrorist trader. Then I was like “`hang on…”
Some people think this is real because the producers are basically saying it's real. Make sure you report this movie by clicking the three dots under the video.
I'm an economist, three minutes in, and wondering why I had never heard of this before and why there were no wiki pages for Badr or his bank. I did laugh at the idea of him studying 'financial econometrics' - combining this with banking is bound to end in disaster LOL! The writers got this one right on the money.
First, stop calling these firms "investment banks"; they are not banks. It used to be that these investment firms placed money belonging to the partners or shareholders only. Later, the sector began referring to these firms as "banks". Then, the heads of these firms began very risky new types of investments but with money belonging to the public. These firms were too highly leveraged to the point where government, read taxpayer, bailouts were needed. Basically, if these firms became too big to fail then, really, they were too big to exist.
The Brit’s speak very good English. Not sure what happened here in the US. I guess we decided early on we will speak 3rd grade English. You’re right though; even a child in Britain speaks more intelligently than an adult in the US.
@@davidoconnell4100 exactly, and the funniest thing is most of the Brits watching this don't realise that this documentary is a fictional account of something that never happened! Lol.
@@klayed Law to me doesn't always seem to be about justice, the court process is more about interpretation of criminal acts. The best lawyer ( with the largest fee) can absolve anyone of any crime, depending on who submits the best evidence. Who presents with confidence & credibility to win over jury & magistrate alike.
@@FRM101Fictional? Really? It almost exactly predicted the 2008 crisis and Lehman Brothers impact on the global economy. Doesnt that make the statement made valid?
I’d never seen this before today but it’s very well done. For a moment I almost believed there was a whole financial crisis I had totally forgotten. Seriously though, they get the scenes on the trading floor in the scenes shown down to an absolute T. My personal favourite is where the female trader quotes 80 for Barclays and the colleague goes 18. In reality, that’s completely unrealistic even in 2005 before automated trading came in. Those two figures are so far apart that he couldn’t possibly have thought she meant 18 when the number was over 4 times that size. In the unlikely event things like this did happen, it would be put down to a “fat finger error” and rectified. However, the way they talk to each other is just perfect. It’s short and abrasive, but there’s a job to be done and they move on. Another show that does this well more recently is Industry (a BBC / HBO collab), though that does overdramatise things. I know for a fact for example that if a trader screamed at his entire team over some healthcare stock 30 seconds before open, he’d be out on his arse faster than the door could close behind him.
I was 3/4 the way in before I read these comments. I completely thought this was real. I'm American and just assumed I never heard of it because it happened in Britain. A nod to the creators for adding real clips of politicians (George Bush, etc) that made it all the more realistic.
Investment banking seems to be very Emperor's New Clothes. These people bang on about things that don't exist. Money does not need to be this complicated.
This drama was so convincing that as it was playing I thought: crikey, I know of the Leeson scandal , a local affair about a sole rogue trader that brought down Barings Bank, but why didn't I know about this SFCB business which appeared to be on a similar scale as the devastating 2007-8 global financial crisis. It only occurred to me that it could be a drama at the end, when Samir's boss spoke impassively from prison, speaking about the cover up plan and all was confirmed by the credits of the cast and crew at the very end.
my favourite part is at 1:27:50 with a minister saying: " I never realised how powerless you are as a politician against the global markets! " This says it all about this volatile epoch- a repeat of the financial collapse of the 1930s, the rise of fascism and war . . .
The financial collapse of the 30s which led to war was, in Germany, related specifically to the harsh regulations levied by the allies in the Treaty of Versailles after WW1.
@@fluffyfourhe’s not focusing ‘exclusively’ on a particular loser of the financial collapse of the 1930s… …power plays on this planet between global powers connect directly & indirectly: zero disconnect, non-exclusive downfall
Excellent drama. To think they made this, before what unfolded in London first in 2005 then later in 07, 08. Crystal ball stuff😮Real enough got me puzzled why I hadn't heard of SFCB😅
Some people think this is real because the producers are basically saying it's real. Make sure you report this movie by clicking the three dots under the video.
Something big and unexpected actually did happen as far back as the summer of 1997, starting with the collapse of the housing market in SE Asia, and then a year later when the then Russian government, under Boris Yeltsin, defaulted on its sovereign loans. These two events had a significant impact on global derivatives markets and, ironically, brought about the demise of a once well respected hedge fund, the main directors of which concocted the underlying Black-Scholes mathematical formula upon which most derivatives trades are calculated. These events may well have inspired this rather well-performed and convincing docu-drama some six, seven years later. Someone had great insight into the potential dangers of this market.
This was a docu-drama -- in other words, it wasn't a factual account of actual events. Like you, I thought it was for real. Everything was done so perfectly, it fooled the hell out of me.
As soon as the maths was missing, from the derivatives exposure, it lost plausibility to me. An interview with quant managers doesnt occur without an explanation of the multiples.
Derivatives are an important hedging instrument and how Banks take on and manage the risks of industry. When they talk about Trillions, this is a notional value not an actual value.
I love TIm Piggot-Smith as an actor (often in very authorative / bastard / colonial racist roles), but my god, it makes him a perfect narrator as well ...
So, star traders sign contracts on behalf of their employers without anyone overseeing the spec of the transaction and/or its terms? The "sleepert cells" application to the financial world may be a valid warning, but I felt the whole story a bit OTT...
although it would play out IRL just four years later, this 2004 'docu-drama' is fake, a 100% fictional production, google 'the man who broke britain' and you'll see
This programme is in fact a fictional drama, broadcast in December 2004, with the plot set soon into the future... in this case, January 2005. en.wikipedia.org/wiki/The_Man_Who_Broke_Britain
Luckily I read the comments. I totally believed this had actually happened, and somehow this event passed me by thanks to being knee deep in the aftermath of the 2004 Tsunami that had happened just the month before the unfolding of this alledged financial crises. Shows you the power of media and how easy it is to convince people that something took place, when in fact it never did. I was totally convinced all along. Brilliant as it is in its persuasive powers, its equally unnerving.
For greedy and reckless derivative traders , profit is mine and loss is for others to bear. They have not an iota of morality . If required, they can shift blame to their fathers and mothers also. So who is Samar Badr ?
You know, as I watch this very very interesting, it strikes me as history, and how banks, governments and lawyers have basically manipulated so much of the world that the average person doesn’t stand a chance other than to pay for the mess, it’s a game they play the lawyers the banks, the politicians at your expense. Really sad paints a very bad picture for humanity.
I hope that I am on track with my comment here... One can never tell when an individual, who you trust wholeheartedly and have a married life with, is an opportunistical thief ! 😮😢
I wish the BBC would flag these as docufictions instead of letting people viewing this 20 years later believe it all happened! This boils down to basic Ethical standards - with AI not able to distinguish between what is factual and what is not
@tazerpie Although you are probably right i find it strange why they would attempt to portray it as truthful. Especially given that "officials" from the treasury and BoE were interviewed.
@@Peter-q8v6v its supposed to be a drama - take for instance these police dramas - they didnt really happen... difference being they are distinguishable from reality! this docudrama structure is very much harder to distinguish
I'm not surprised people are sufficiently uncritical enough to believe this depicts actual events when they can't even be botherred to read what's written in the box above the comments!
Today Britain 🇬🇧 is broken because the ordinary person can easily be walked on now with people so angry and loss of trust in Governments the time is right for people to engage in civil disobedience and vent their anger more than ever
although it would play out IRL just four years later, this 2004 'docu-drama' is fake, a 100% fictional production, google 'the man who broke britain' and you'll see
Some people write here about how well the speculators' methods are being shown. In reality, nothing has changed since Nick Leeson went bankrupt. Nothing will change. Nothing should change!
Still, financial markets are involved in derivatives trading. These derivatives are the only way for multiplying the market value of companies at scale bigger than their home countries' economy/GDP. In any future similar meltdown, taxpayers must not allow regulators to use tax money to pick up losses through aid packages. These derivatives are true gambling, and there was no actual exchange of money and asset when the contract was established. So the loss is none existing hence the need for aid package is not justified. The legal system should invalidate any case filed by any party to claim compensation on losses or unpaid debts arising from these contracts.
@@CARLIN4737 Sure, a major financial institution melts down and causes world-wide financial chaos because of the multiplier effect of new financial instruments.
although it would play out IRL just four years later, this 2004 'docu-drama' is fake, a 100% fictional production, google 'the man who broke britain' and you'll see
Murky waters is what them bank workers are and very good at letting good hard workers lose everything they had and their homes and all the other thing’s they worked All their lives for gone because of someone who didn’t care about their customers Rest in peace Sammy, Shame you died due to your work and all the people who let you down in the end and what about all the good things Sammy for them Them banker’s or what ever they call themselves should taken out at dawn Then the world would a better place for us all ,, That poor man had so much pressure that he ended up thinking this is the best thing to do god bless him Sammy was a very nice generous loving man his is heartbroken god bless her Very sad sickening video to watch To be honest,, God bless all the victims of these outrageous so called people,,
An old British merchant bank (if not the oldest in existence at the time) that went down by a Hong-Kong based trader's (Nick Leeson), speculative deals, and was finaly bought by Dutch bank ING for the princely prive of 1 British Pound (+ trading losses they now owned). Since then absorbed within ING, and no longer separately existing in the market.
@@dimitridoes7936 "that went down by a Hong-Kong based trader's (Nick Leeson)" He was based in Singapore actually. Trading Nikkei Future contracts on SIMEX.
there's no limits for the greed of "the naked monkey". and, the sooner people understand this maybe, and only maybe, might solutions be found. also note that institutions, such as banks, tend to defend themselves as well, no matter the degree of culpability. 🤠😎
some of it came true with "over the counter" being very important with the 2007 crash making the damages so much more although we havnt had am actual terror attack yet
@@Monkwrestler We didn't need the external terrorists. The bullish ones at Lehmans or Deutsche or RBS or the others were enough to drive the economy into the ground. There is a lost generation in a lot of countries without any real growth for 10-15 years. And no-one went to jail for it..
A little far fetched? Nooooo this is under played, cos it really went down like that, it would have taken hundreds of banks with them. But the whole thing is beyond plausible
when people who had been living in the lap of luxury built on the levees built on the backs of the less fortunate they never ever feel even a single tremor at all. and all it needs is one among them to tread on it unwittingly and the whole shebang starts shaking. by which time the whole myth they had created starts crumbling all around them.
Heres a thought: just imagine if the gormless djt were the 'leader' of the usa during such a crisis. Makes you wonder if djt isnt merely an 'a' plant too.
I wish the BBC would spend more time making programming like this instead of Rubbish like 'Strictly' and other pointless talent shows.
BBC now is just Left/Far-Left woke crap.
No kidding right? Now they're more interested in DEI. What the hell went wrong with the BBC? I'd never say a word against them, quite the opposite, if they did this kind of thing 24/7.
@@rob832 🚨GAMMON DETECTED🚨
Can't they do both? I like Strictly, they could ditch EastEnders.
Things like this make no money. The other shows keep the channels on air so they can then make a loss on shows like this.
Excellently done. Normally you can tell when people are acting, but these actors are near-enough genuine as to be worth an award!
You been quoting from old Arthur Daley ("Minder") again 😁
A real cautionary tale. Only fail was all the news people were young. Actual experienced reporters/readers are old.
"We view them [derivatives] as time bombs, both for the parties that deal in them and the economic system. In our view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal."
-Warren Buffett, 1995
Derivatives= one of Deutsche Bank's downfall!!
I’m going to pretend I didn’t watch the whole of this thinking it was real
I was 15 mins in and thinking “how come I’ve worked in and around banking all this time and I’ve never heard of this bank, or AZB, or Samir Badr?” 😂😂😂
It’s very well done. Very plausible, until they got to the explosion in Saudi and the terrorist trader. Then I was like “`hang on…”
me too 🤣🤣🤣
Some people think this is real because the producers are basically saying it's real. Make sure you report this movie by clicking the three dots under the video.
Fooled me too. I'm feeing stupid for having been fooled. But more so for thinking why I hadn't noticed it when I was in Saudi in 2005! Great
had me fooled. kept wondering why I'd never heard of this before. should be labeled docufiction. very well done!
I'm an economist, three minutes in, and wondering why I had never heard of this before and why there were no wiki pages for Badr or his bank. I did laugh at the idea of him studying 'financial econometrics' - combining this with banking is bound to end in disaster LOL! The writers got this one right on the money.
First, stop calling these firms "investment banks"; they are not banks. It used to be that these investment firms placed money belonging to the partners or shareholders only. Later, the sector began referring to these firms as "banks".
Then, the heads of these firms began very risky new types of investments but with money belonging to the public.
These firms were too highly leveraged to the point where government, read taxpayer, bailouts were needed.
Basically, if these firms became too big to fail then, really, they were too big to exist.
Listen to how well spoken English was just 20 years ago.
"Iz cozz I is a boom boom massive enigma, Innit?"
* Ali G *
They're actors.
The Brit’s speak very good English. Not sure what happened here in the US. I guess we decided early on we will speak 3rd grade English. You’re right though; even a child in Britain speaks more intelligently than an adult in the US.
Well the first person interviewed was Irish.
@@davidoconnell4100 exactly, and the funniest thing is most of the Brits watching this don't realise that this documentary is a fictional account of something that never happened! Lol.
Never trust banks and politicians
Or people who think a drama is real.
lawyers
fair enough, but you'll need to add television producers to your little list, because this is a 100% fictional production
@@klayed Law to me doesn't always seem to be about justice, the court process is more about interpretation of criminal acts. The best lawyer ( with the largest fee) can absolve anyone of any crime, depending on who submits the best evidence. Who presents with confidence & credibility to win over jury & magistrate alike.
@@FRM101Fictional? Really? It almost exactly predicted the 2008 crisis and Lehman Brothers impact on the global economy. Doesnt that make the statement made valid?
what a sad out come, typical greedy men not taking responsabilty with lives affected at the low end
I’d never seen this before today but it’s very well done. For a moment I almost believed there was a whole financial crisis I had totally forgotten.
Seriously though, they get the scenes on the trading floor in the scenes shown down to an absolute T. My personal favourite is where the female trader quotes 80 for Barclays and the colleague goes 18.
In reality, that’s completely unrealistic even in 2005 before automated trading came in. Those two figures are so far apart that he couldn’t possibly have thought she meant 18 when the number was over 4 times that size. In the unlikely event things like this did happen, it would be put down to a “fat finger error” and rectified. However, the way they talk to each other is just perfect. It’s short and abrasive, but there’s a job to be done and they move on.
Another show that does this well more recently is Industry (a BBC / HBO collab), though that does overdramatise things. I know for a fact for example that if a trader screamed at his entire team over some healthcare stock 30 seconds before open, he’d be out on his arse faster than the door could close behind him.
I’m an hour in thinking I don’t remember this 😂
@@richardmark561me too 🤣
@@richardmark561genuinely thought I was going senile 😮
She said 18
I was 3/4 the way in before I read these comments. I completely thought this was real. I'm American and just assumed I never heard of it because it happened in Britain. A nod to the creators for adding real clips of politicians (George Bush, etc) that made it all the more realistic.
Investment banking seems to be very Emperor's New Clothes. These people bang on about things that don't exist. Money does not need to be this complicated.
This drama was so convincing that as it was playing I thought: crikey, I know of the Leeson scandal , a local affair about a sole rogue trader that brought down Barings Bank, but why didn't I know about this SFCB business which appeared to be on a similar scale as the devastating 2007-8 global financial crisis. It only occurred to me that it could be a drama at the end, when Samir's boss spoke impassively from prison, speaking about the cover up plan and all was confirmed by the credits of the cast and crew at the very end.
How accurate is the information being shown and discussed.
my favourite part is at 1:27:50 with a minister saying: " I never realised how powerless you are as a politician against the global markets! " This says it all about this volatile epoch- a repeat of the financial collapse of the 1930s, the rise of fascism and war . . .
The financial collapse of the 30s which led to war was, in Germany, related specifically to the harsh regulations levied by the allies in the Treaty of Versailles after WW1.
@@fluffyfourhe’s not focusing ‘exclusively’ on a particular loser of the financial collapse of the 1930s…
…power plays on this planet between global powers connect directly & indirectly: zero disconnect, non-exclusive downfall
@@fluffyfour Der Herr Minister wollte uns ja auch in diesem Fall das faule Ei zuschieben...
only the 1930's depression was real, and this film is a fake
The myth of impotence 🙄
Good programme but not true. However, OTC Derivatives are still a massive problem.
Excellent drama. To think they made this, before what unfolded in London first in 2005 then later in 07, 08. Crystal ball stuff😮Real enough got me puzzled why I hadn't heard of SFCB😅
me too! 🤣🤣🤣
Don't call it a dramatised documentary when it is entirely fiction.
Fact following fiction.. Just wait and see.
Mockumentary😂
It is fictional story. It never happened.. It should be marked vividly as fictional story not as any kind of document.
Some people think this is real because the producers are basically saying it's real. Make sure you report this movie by clicking the three dots under the video.
DocuDRAMA
The clue is in the name.
@@ldkellandshawDocudrama means dramatic reenactment of real events. This is a fiction drama in the style of a docudrama.
This is not a docudrama, this is a docufiction.
And a bloody good one.
No its not its Barings bank fact.
That's just our side of the world.
@@CARLIN4737 "The Man Who Broke Britain" is a docufiction and it is not about Barings Bank.
I had to check this. I was wondering why I'd never heard of this guy.
Crazy how this came out in 2004 and whoever watched this thought, imagine if that actually happened- and in 2007/8- it did happen! 😮
Something big and unexpected actually did happen as far back as the summer of 1997, starting with the collapse of the housing market in SE Asia, and then a year later when the then Russian government, under Boris Yeltsin, defaulted on its sovereign loans. These two events had a significant impact on global derivatives markets and, ironically, brought about the demise of a once well respected hedge fund, the main directors of which concocted the underlying Black-Scholes mathematical formula upon which most derivatives trades are calculated. These events may well have inspired this rather well-performed and convincing docu-drama some six, seven years later. Someone had great insight into the potential dangers of this market.
Turn down the background music so I an actually here what is being said!
What an eye opener is this how the money is made. Ohhh it’s disturbing
Brilliant documentary!
it's fiction.
I thoroughly enjoyed it. May he rest in peace, his poor wife... condolences
This was a docu-drama -- in other words, it wasn't a factual account of actual events. Like you, I thought it was for real. Everything was done so perfectly, it fooled the hell out of me.
He is a democrat, you are wasting your time, you can’t help them.
@@garyhambleton2374This is wrongly titled docudrama, meaning reenactment of real events. It's a fiction drama in the style of a Docudrama.
As soon as the maths was missing, from the derivatives exposure, it lost plausibility to me. An interview with quant managers doesnt occur without an explanation of the multiples.
I had no idea this was made up fiction. Fantastic job by the actors and the writers.
That dark emptiness at the back of his eyes, tells all.
Plenty of people have broken britain and been given the pat on the back for doing so
When I saw the title of this 'Documentary ', I thought it was about Ed Milliband... 🙄
I thought I must have been living under a rock, was taken in by it 😂😂
Derivatives are an important hedging instrument and how Banks take on and manage the risks of industry. When they talk about Trillions, this is a notional value not an actual value.
i missed this event when it happened. A fascinating piece of TV and still relevant now in todays financial markets!
This is fictional; although I (and others) thought it was about a real event we missed.
Norway must be rolling in money at 80 dollars a barrel.
Thank you Bishop Reed for the lovely service in celebration for all Souls day. We pray for all the departed lovedones.❤🙏
The realism of this production is impressive!
Had me searching for the facts as I didn't spot the "drama" in the title
The girl who plays the wife (Katherine Igoe) is excellent in this, plays the part well!
I love TIm Piggot-Smith as an actor (often in very authorative / bastard / colonial racist roles), but my god, it makes him a perfect narrator as well ...
So only by reading the comments do I know this is fiction. There should be warnings on what is real, fictional, and questionable
So, star traders sign contracts on behalf of their employers without anyone overseeing the spec of the transaction and/or its terms? The "sleepert cells" application to the financial world may be a valid warning, but I felt the whole story a bit OTT...
Why has it got 2004 in the title ifnit happened in Jan 2005?
although it would play out IRL just four years later, this 2004 'docu-drama' is fake, a 100% fictional production, google 'the man who broke britain' and you'll see
It's not real.
This programme is in fact a fictional drama, broadcast in December 2004, with the plot set soon into the future... in this case, January 2005. en.wikipedia.org/wiki/The_Man_Who_Broke_Britain
@@b3108 Thanks ; I wondered why I couldn't recall this happening; but it did happen in 2008
Luckily I read the comments. I totally believed this had actually happened, and somehow this event passed me by thanks to being knee deep in the aftermath of the 2004 Tsunami that had happened just the month before the unfolding of this alledged financial crises. Shows you the power of media and how easy it is to convince people that something took place, when in fact it never did. I was totally convinced all along. Brilliant as it is in its persuasive powers, its equally unnerving.
me too!
For greedy and reckless derivative traders , profit is mine and loss is for others to bear. They have not an iota of morality . If required, they can shift blame to their fathers and mothers also. So who is Samar Badr ?
How can a 2004 copyright documentary be doing retrospective on events of 2005?
Its a Mockup a fictional Documentary
Channel 4 did one based on if UKIP wob a general election
You know, as I watch this very very interesting, it strikes me as history, and how banks, governments and lawyers have basically manipulated so much of the world that the average person doesn’t stand a chance other than to pay for the mess, it’s a game they play the lawyers the banks, the politicians at your expense. Really sad paints a very bad picture for humanity.
How could there not be a Force Majeure clause in force in the Agreement especially given the nature of the underlying business ?
This didn't happen They took 45 minutes of my time before I realized it. Be warned.
The actress with the Irish accent is fabulous. She's gorgeous.
I hope that I am on track with my comment here... One can never tell when an individual, who you trust wholeheartedly and have a married life with, is an opportunistical thief ! 😮😢
😮Question,,,how they got the videos of the men in this story before the bears happened...its lookalike one script namely blacksheeptrader,,,????
it's not a real documentary, google search 'the man who broke britain' and you'll see it's a work of fiction
this definitely did not come out in 2004. Later.
How they can Callnit redundancy when they're going to replace her is bullshit
Over the counter trades? Should be called under the counter trades.
What was his Name
I wish the BBC would flag these as docufictions instead of letting people viewing this 20 years later believe it all happened! This boils down to basic Ethical standards - with AI not able to distinguish between what is factual and what is not
Which bits didn't happen?
all of it... the whole story is fictional, you wont find any details on these people or activities if you try.
@tazerpie Although you are probably right i find it strange why they would attempt to portray it as truthful. Especially given that "officials" from the treasury and BoE were interviewed.
@@Peter-q8v6v its supposed to be a drama - take for instance these police dramas - they didnt really happen... difference being they are distinguishable from reality! this docudrama structure is very much harder to distinguish
Everyone make sure you report this movie by clicking the three dots under the video to the right.
Why would you let people from a foreign culture into the heart of our financial system. ??????why
David Cameron: "The Man Who Broke Britain"? Hold my beer ..... (or Red Bull).
Nick leeson....Welcome to my world?
More like “Hold my Pigs Head” 😉
@@skar5541 "keep it still!"
@@CARLIN4737 You stole him 😁 I wanted to say it😂🤣😂
George Soros.
Who is the main narrator?.
I'm not surprised people are sufficiently uncritical enough to believe this depicts actual events when they can't even be botherred to read what's written in the box above the comments!
How is this documentary from 2004 when it refers in the past tense to 2005?
Because it's a fictional drama made in the style of a documentary.
S sun first credit bank a fictional bank? I can't find anything online.
The whole story is fiction
At least he looked into it
Why does Tim Pigot Smith mention at 5min 30 sec ‘the crash of 2005’ when the program was made in 2004? 🤔
To make it obvious that it was fiction to the original viewers.
Today Britain 🇬🇧 is broken because the ordinary person can easily be walked on now with people so angry and loss of trust in Governments the time is right for people to engage in civil disobedience and vent their anger more than ever
although it would play out IRL just four years later, this 2004 'docu-drama' is fake, a 100% fictional production, google 'the man who broke britain' and you'll see
Some people write here about how well the speculators' methods are being shown. In reality, nothing has changed since Nick Leeson went bankrupt. Nothing will change. Nothing should change!
This is a "docudrama". It's a fictional story turned into a documentary style film.
It's not a docudrama, it's a docufiction.
Wow...exceptional
Nick Leeson. 1995?
Yep. February 23rd 1995. It’s sad but that’s actually one of my earliest memories.
That what I was thinking
Still, financial markets are involved in derivatives trading.
These derivatives are the only way for multiplying the market value of companies at scale bigger than their home countries' economy/GDP.
In any future similar meltdown, taxpayers must not allow regulators to use tax money to pick up losses through aid packages. These derivatives are true gambling, and there was no actual exchange of money and asset when the contract was established. So the loss is none existing hence the need for aid package is not justified.
The legal system should invalidate any case filed by any party to claim compensation on losses or unpaid debts arising from these contracts.
So the BBC predicted Lehman Brothers, in a way.
You think? Think about it?
Collapsed in 2008 along with the rest of the economy...Pretty sure the BBC didnt predict that?
@@CARLIN4737 Sure, a major financial institution melts down and causes world-wide financial chaos because of the multiplier effect of new financial instruments.
Also, using Hans Zimmer's Hannibal in 1:14:13 ... hope you got permission
You must be talking about Kier Starmer, surely?
1:11:51 its all part of the of the plan. look into who started the banking system.
although it would play out IRL just four years later, this 2004 'docu-drama' is fake, a 100% fictional production, google 'the man who broke britain' and you'll see
a Kier Starmer Biopic?
why would Samir kill himself had he been a terrorist? it does not make any sense.
Murky waters is what them bank workers are and very good at letting good hard workers lose everything they had and their homes and all the other thing’s they worked All their lives for gone because of someone who didn’t care about their customers
Rest in peace Sammy,
Shame you died due to your work and all the people who let you down in the end and what about all the good things Sammy for them
Them banker’s or what ever they call themselves should taken out at dawn
Then the world would a better place for us all ,,
That poor man had so much pressure that he ended up thinking this is the best thing to do god bless him
Sammy was a very nice generous loving man his is heartbroken
god bless her
Very sad sickening video to watch
To be honest,,
God bless all the victims of these outrageous so called people,,
I`m glad my money is all tied up, in the corner of my handkerchief ! Boom! Boom!
Barings bank?
An old British merchant bank (if not the oldest in existence at the time) that went down by a Hong-Kong based trader's (Nick Leeson), speculative deals, and was finaly bought by Dutch bank ING for the princely prive of 1 British Pound (+ trading losses they now owned).
Since then absorbed within ING, and no longer separately existing in the market.
@@dimitridoes7936 "that went down by a Hong-Kong based trader's (Nick Leeson)" He was based in Singapore actually. Trading Nikkei Future contracts on SIMEX.
It is not smoke but cigar
there's no limits for the greed of "the naked monkey".
and, the sooner people understand this maybe, and only maybe, might solutions be found.
also note that institutions, such as banks, tend to defend themselves as well, no matter the degree of culpability. 🤠😎
brilliant when the bbc was the bbc
Again is SOROS
Predicting the Northern Rock al collapse
@1:14:45 Martin Bashir... *rolls eyes*
Fake Documentary.
EXCEPTIONAL ☝️❤️✌️🌍🙏
Interesting concept for a docudrama if a little far-fetched.
some of it came true with "over the counter" being very important with the 2007 crash making the damages so much more although we havnt had am actual terror attack yet
@@Monkwrestler We didn't need the external terrorists. The bullish ones at Lehmans or Deutsche or RBS or the others were enough to drive the economy into the ground. There is a lost generation in a lot of countries without any real growth for 10-15 years. And no-one went to jail for it..
A little far fetched? Nooooo this is under played, cos it really went down like that, it would have taken hundreds of banks with them. But the whole thing is beyond plausible
Nick Leeson?
@@CARLIN4737See my reply to another comment / question on Barings Bank
when people who had been living in the lap of luxury built on the levees built on the backs of the less fortunate they never ever feel even a single tremor at all. and all it needs is one among them to tread on it unwittingly and the whole shebang starts shaking. by which time the whole myth they had created starts crumbling all around them.
Hubris exemplified, greed personified...
Heres a thought: just imagine if the gormless djt were the 'leader' of the usa during such a crisis.
Makes you wonder if djt isnt merely an 'a' plant too.
I have a feeling that this is a biased documentary. As a German, I hope I got good in spotting it.
It is not a documentary, it is fiction.
Margin Call!
I thought this would be about Blair, but no this is the BBC of course.
Nasreen Hassan defiantly had more to do with this than they could prove!,in my humble opinion.
it s fiction
Not to be sad lady, just say honestly with your heart,some one knew you not...or maybe 🤔..have experience a women want to kill...it is scary...
Colonial criminal maybe become suspect...
Financial manipulation crookdness too fast too soon of stock bettings all on hypothetical bubbles eventually crash at some point
If derivative trading was *halal,* it would still be booming, as it is not & it's a form of gambling, the British crash was inevitable.
Yeah this man was correct... normal
Saudi doesn't have to loose oil. The EU will cause the same damage with Green deal!
Hopefully after this they remember what grave looks like🃏
Paper missing...not missing lads...😊... nothing missing in white hands... just opinion