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The big banks, they don't
necessarily know how much risk their counterparty bank
in some other country is willing to undertake.
- No one really understands the legal
interdependencies that are built into
these contracts, and that can
ultimately bring down the entire financial system
necessarily know how much risk their counterparty bank
in some other country is willing to undertake.
- No one really understands the legal
interdependencies that are built into
these contracts, and that can
ultimately bring down the entire financial system
Full Transcript
00:00:01.000 --> 00:00:05.996
- The big banks, they don't
necessarily know how much risk
00:00:05.996 --> 00:00:08.174
their counterparty bank
in some other country
00:00:08.174 --> 00:00:09.708
is willing to undertake.
- No one really
00:00:09.708 --> 00:00:12.245
understands the legal
interdependencies
00:00:12.245 --> 00:00:14.028
that are built into
these contracts,
00:00:14.028 --> 00:00:16.999
and that can
ultimately bring down
00:00:16.999 --> 00:00:17.616
the entire financial system.
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Movie Summary
Former NATO commander Wesley Clark and son explore economic forces linking various sectors, revealing interconnections that can lead to collapse and potential solutions to untangle them.
