The '82 debt crisis that almost broke the world, told by the bankers who caused it.
This feature documentary reveals how Bank of Montreal chairman William Mulholland dealt with his debt-laden customers Dome Petroleum and Mexico during the global debt crisis of '82. Interviews with bankers and financial experts demystify the causes of debt crisis, confirm the fragility of the international banking system and outline the problems to be solved if the system is to survive.
Direction
Collison and Raymont turn spreadsheets into slow-burn thriller.
Production
Rare access to Mulholland's unrepentant testimony.
Director
Peter Raymont
Trivia, insights & behind the scenes
This aired during Reagan's first term, when 'too big to fail' was still being invented in real-time. The talking heads don't know they're writing the playbook for 2008.
Director Peter Raymont later made Shake Hands with the Devil about Rwanda; his career-long obsession is institutional failure under pressure.
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