As the credit crunch bites and a global economic crisis threatens, Robert Peston reveals how the super-rich have made their fortunes, and the rest of us are picking up the bill.
Robert Peston, the BBC’s Business Editor, speaks to some of the heavy hitters in hedge-fund and private equity scene. Along with the investment bankers, these are the very people who have been blamed for the current financial woe’s of the world.
The film highlights the fact that these very few people have become super rich, and while the global economy is collapsing around us, they get to sail off into the sunset, with bulging pockets, to lay back, and wait for the next set of opportunities that will come along.
Which, ironically, will probably be the buying, very cheaply, of the many companies that are in trouble, due to the actions of hedge-funds, private equity firms, and investment bankers in the financial markets over recent years.
Watch the full documentary (58 minutes)