The Ascent of Money

tv show

poster for The Ascent of Money

6 total episodes

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1 seasons

First Aired November 17, 2008

Overview

Historian Niall Ferguson tells the story of money and the rise of global finance. Bringing context and understanding to the current economic crisis, he reveals how the history of finance has been punctuated by gut-wrenching crashes.

tv poster

Safe as Houses

Season 1 - Episode 5 - 1h 49m

Air Date

December 15, 2008

Overview

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 can't function without mortgages, because it's 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?