Did Goldman Sachs use insider information to profit from the financial crisis? How did a brokerage house, founded in 1869 by a German immigrant, become one of the biggest, most powerful banks in the world?
The embattled bank, which is facing a range of legal claims for its conduct during the financial crisis, has already been criticised by a Senate Panel for misleading investors and Congress. Critics also accusing it of masking the scale of Greece’s debt in obscure trade derivatives and not disclosing bond swaps.
This investigation reveals how the company first became aware of the looming financial crisis in 2006. Instead of warning investors, it used this valuable information to boost its profits. Speaking to bankers, senators and economists, we scrutinize Goldman Sach’s role in the financial crisis and ask where the blame really lies.
After the last financial crisis everyone agreed that the system needed to change. But since then, our sense of distrust in the markets has grown. Now, with fears of another bust looming, what can be done to restore trust in the bankers?
More infoThey're bankers, traders, investment funds executives. They impoverished countries, drove millions of workers into unemployment, and triggered the rise in extremism. Ten years after the crisis, they tell their stories.
More infoFrom the director of 'Goldman Sachs: The Bank that Rules the World' comes a major new investigation into corruption at one of the world's top financial institutions – HSBC.
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