The Bank That Almost Broke Britain

by Jun 18, 2022Economics, Videos

During the economic crisis of 2008, many countries faced bankruptcy and financial problems. Even the big powerhouses had troubles.
And in Britain, one bank could have cost the country a lot of money. And thanks to a reporter, the truth came out. We have to point, at the time, the reporter, Robert Peston, nearly ruined Britain.
It is a classic case of “shooting the messenger”. The logic for many people was that if he would kept quiet, what happened next might not have happened.
He revealed a lot of information about Northern Rock. For more than 8 years, the bank collected assets and money. And when they lost money, it came out of the pockets of the people.
Take a look at the documentary explaining the big Northern Rock crisis of 2008.

About Riyan H.

CATEGORIES