Banks were once the corner stone of modern British society, but by September 2005 banks stopped lending to each other overnight. What happened? What caused this credit crisis?

The banking crisis: cause and effect - for iPod/iPhone

The Open University

Transcript -- The collapse

MAR 29, 2010-1 MIN
The banking crisis: cause and effect - for iPod/iPhone

Transcript -- The collapse

MAR 29, 2010-1 MIN

Description

Transcript -- Banks were once the corner stone of modern British society, but by September 2005 banks stopped lending to each other overnight. What happened? What caused this credit crisis?