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Is today's economy repeating the same mistakes of the 2008 GFC? | 60 Minutes Australia

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Subscribe here: http://9Soci.al/chmP50wA97J Full Episodes: https://9now.app.link/uNP4qBkmN6 | The Big Bust (2008)

In 2008, the government handed out a $10 billion Christmas present. It was designed to help insulators from the horrors to come: a-spend your way out of troubles-solution. And of course it came after the massive international bank rescue plan. All these should have eased the pain, restored some confidence. But there was another problem looming: global recession, that had caused the fear and uncertainty. So, what was behind this crisis? How did the poison spread from Wall Street, to Main Street USA, to your street here in Australia?

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For over forty years, 60 Minutes have been telling Australians the world’s greatest stories. Tales that changed history, our nation and our lives. Reporters Liz Hayes, Tom Steinfort, Tara Brown, Nick McKenzie and Amelia Adams look past the headlines because there is always a bigger picture. Sundays are for 60 Minutes.

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Category
Australia
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60 Minutes, 60 Minutes Australia, Liz Hayes
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