government on the banks to take out mortgages even those who did not have the means to do so. this has been a historic sunday at this hour the lehman brothers investment bank in the years heading toward bankruptcy in two thousand and eight the poorest homeowner their properties the real estate market collapsed and along with it the banks who become embroiled in these subprime loans. on september fifteenth two thousand and eight the death of lehman brothers the fourth largest u.s. investment bank marked the beginning of a huge financial and economic crisis that would spread worldwide. the likes of it had not been seen since the great depression us a wave of corporate bankruptcy is followed with can rocketed as did household only in the u.k. . five years the guy me and my husband split up children so i think at the time then i had a lot of making up to do to them and at the time i thought that the way i needed to make up to them was financially so i would just try many out them and christmases i

would go ridiculous and ridiculous amounts of money not thousands of pounds on stuff they didn't need and were glad they'd probably pay with once they go in the water. so i strike twice i was stuck ten i did it i took out a loan but then one loan was not enough so i had to buy that line back then i took another loan to pay the loan back and the how to start game bigger and the star game bigger and it was spiralling out of control. like many other british people sharon fell into the trap of easy credit with online catalogues where with a simple click one can buy all kinds of products on credit often with annual interest rates of up to thirty percent. it was so we say it was so easy to go online and go yeah it was my name my address my details yeah thank you very much money's in your account so i made them made it too easy. if meet again today.

as for philip he took out loans to supplement his meager pension but he went under when the government abolished his council tax exoneration for the elderly. when i do i didn't treat very well because of the worry over the weekend. i was actually going to bed when i wouldn't like oh good god i've got so. today to built up so much that scared me so much. i didn't know what to do. i'd lost complete national company or were. going to actually do work out you were somebody looking for money. or were down to a phoney. it was one of the clubs that are still from pride that i compiled and that that money you know the bankers were helped by the government

the banks got into trouble and all the big bankers got big pay i think on the government by the banks but i didn't think of the ordinary the ordinary men and women that. lost money through the bank and so because the bank to banks have been out of the government. the infrastructure for the proof of the contrary. you know there were a lot of coach. i just found to make my underwear. because it's changed yeah all the figures in front of me all right so thank. you but yes you want to speak specify scouts five let me let me just get everything up here for you sharon regained hope thanks to the advisors of step change the u.k.'s

largest debt charity which specializes in debt problems in two thousand and fifteen they advised on average over one thousand five hundred people a day because in the u.k. the price of economic recovery has been very liberal austerity measures the driving down of wages and drastic cuts in social welfare. the definition of problem is not straightforward our government defines it as anybody who has been at least three months behind their debts in the last six months that's eight point eight million people in the u.k. bad things can happen you know you become ill you lose your job your relationship breaks down here become a casualty most important in most circumstances is you could help to get back on your feet because the cost to wider society of people being in debt are huge over half the people who come to us have had to go and see their doctor about mental health or other issues just to give you certain general impulse buy so panic with

the enforcement. they do need to me peaceful entry into the sea because what they'll do them to do is to control. so i know you know that it takes you to keep the door shut try it again and so. at the time i felt like it was just may and i would else was financially following and it was only me. that was suffering. right. and i was the only one that. that was actually having to do with living like this and living with the fear of losing my head a milly's not upset being homeless with my children having my children taken away from aches i couldn't look after them properly.

by way of a strange paradox people who are deeply in debt feel terribly alone and yet they are increasingly numerous. in france over one person in ten admits suffering from financial difficulties like dominic who was made redundant three years ago in strasbourg. he has resolved to go and see the creases association whose initials ironic stand for. regional chamber for social overindebted this has become a mainstay of social assistance for those who find themselves in a financial dead end twenty five associations in france six hundred voluntary staff who would like step change still engage in face to face interviews the leak. if you want to. let go thank you they don't want walk into the future.

of the. thought of innocence i wanted to move through it was a joke. no. less interest royally that exists in some. of the three i was very. holy city. because. of this room so far. zoom. on. him for the. solvent. to be more. all. i could walk on home. video.

idea. there for me was the families. who only put in here twenty four meters it's interesting to see. if it was a real. put off as or who. the voluntary advisors are often former bankers who now retired have decided to change sides as it were their kind of repentance here the volunteers share their past expertise like the chairman of cases strasburg. a former lawyer a voluntary advisor for ten years and a tireless militant in the fight against overindebtedness.

last. night. it could be the coffee don't worry i started to. kick me tape us. the bustle. and then cut tom a lot. on the whole court day to share a leaky boat or just to. see the it did he.

was. in it lost in the chaos he lists must all typically are still today on a sidenote. she. could pull up monks. chaos. sick a show stood before. the. people of all of us all sucked. to say. the unique mob accepted that the sea sick of the new dishes you. know now your call. the city police on point zero zero cost. us and you don't call right now larry i don't know small i feel quite hot. for new york he says he can

see. the day on. your local. pub was about the old if you contin filmy buddies you expect get up a good necessary. call segues a cigar of made of that. supper table so widely it. was all said. you've got to go to name that. suppose somebody that you want lit up simple. so we could have your case you for. gifts of the crowd. i want to hear your preferred. chimp and use. federal attorney film. credits to

realty. turner lovato in. you know you. can. see here. in iceland where the two thousand a crisis really hit hard fanny whose house was repossessed is now desperately looking for a new home. her debts had reached such a level that the government measures to reduce household indebtedness were insufficient to help her she's been taken in by her sister. just by accident i discovered about the struggle of. that was

a moment where isis targets the body looked like it was about to be destroyed and as someone who put themselves on a kiss here are some people struggling for and they kissed ideology if i didn't somebody with the skill with the ability to go and help those people in existential struggle in a moment of need then my whole life i'd not be a hypocrite. all see we have a great scheme we need to strengthen before the free world cold and you're better than a legend to keep it so it's at the back. in one thousand nine hundred two that must qualify for the european championships at the very last moment no one believed in us but we won and i'm hoping to bring some

of that waiting spirit to the r.c.c. . recently i've had a lot of practice so i can guarantee you that peter schmeichel will be on the best fall since my last will come from that steroids are asleep. thousand zero zero zero zero zero i call russia. nice drive. left left left more or less ok stop that's really good. how does it feel to be as sure of the greatest job in the world it's as close to being a king as any job there is what business model helps to run a prison now we just do or don't like nobody oh visitation i don't no one comes anymore we don't have to serve them anymore it's cost effective that's what they want to do that as long as they don't give a damn if you do the chores or not they're actually paying us to put it back and. the louisiana incarceration rate is twice as high as the us senate breach what she

could is behind such success. like many of the inhabitants of this little volcanic island in the north of europe fannie founder self over indebted despite having made no mistakes because here most mortgages are consumer price index yet due to the crisis and the fifty percent devaluation of the icelandic currency. inflation soared as a result mortgage repayments suddenly doubled and many icelanders found themselves drowning in debt. their mcdonagh label it a ninety. along a minimal or. put into from their will get to get must who sit. at the foot of a new after school most of them out of. our book. from to london. and then it would be the me they were making it was a mock up but not

a bad thing you can hike up along with is that a lot like others to get to a good job. but if they don't we. neocon i mean most experts know all the talking to assessment alone is a little short of fame. here. when the speed limit and you wanna. talk at the bar come. in the millions to. think it will only be to toss eisemann a police escort. off the queue. at the bar. and. throw millionaires do you.

think. you come after millionaires but early zero zero zero s. malcolm in your midst you've been a part of. solomon ya lot and acted like. there is nothing to process. after throw caution to the end after several million if. you lose. as long as a person can pay off their loans they were given the red carpet treatment everywhere but once that person can no longer meet their repayments things get more complicated today most consumer credit companies have been acquired by major banks such as. by credit. whose debt collection agency very eager to stay in touch with their clients you see this truck full. of them and if you make wonderful if you

don't mean you should find them just as you think. it makes all things for you for of course she will feel. well but. i think you have certain point you. to do ok i can get some people to. come back after before. excuse. me. yet. you know what you do because you'll who said it is all full of little that that animal to seek it well walking dogs all. the usual key they phone and keep this one they take it as it was it made them and also send him an email but we me it was it i was ina do the damage they did was they make of what was invert they'll see whatever use as well as google like let me spell says it best

they come said only guy exclaimed oh not really to trust one critter only publisher want to tell us more not a lot of complex want to pop out and we are impressed to hear. from general type of police who are critical of consumers from sean that also in the movie you'll hear it was relieved to know each. other in such a critical of the new to trust him until a few notes yes you want to tell you. when your daughter not clearly through history or through the movie don't concern me or digital to you or you wasn't interested. in vogue sunday film. little kingdom or balderdash for a given that if the whole looks if it looks like the anthology deal was a simple something they need to. people some don't. it's a little say a kid if you nine hundred delegates here she to see to it she took to know the strain clytie suppressor most feel and it will. in the autumn of two thousand and

eleven americans took to the streets on mass to protest against the greed and cynicism of their banks who had made huge profits selling toxic subprime loans to pull the knew that if they got into trouble the state would step in to eventually bail them out because given their financial clout the whole system would collapse if they were to go under they were simply too big to fail. one of the leading figures in the occupy wall street movement is the american anthropologist david graber a specialist in the history of debt and one of the inventors of the slogan we are the ninety nine percent of those who own less than the richest one percent there was about a period of three or four months after two thousand and eight where people. were

all saying you know what is dead anyway what is money why do we have the systems why is find it so important is this even capitalism to even want capitalism fall open you know all questions seem to be open because everything we just turned out to be wrong socially for thirty years they've been. saying well you know capitalism might not be a very pleasant system but it's much better these people who are running the system might not be very nice people but they're really smart and they're the only thing that works and there's you know they know they understand what they're doing you don't just shut up and leave it to the experts and it turns out all these people who are supposed to trust their expertise were either complete idiots or scam artists or both how they could imagine it would lead to anything else is beyond. me. what would it be.

to. be. in spain widespread evictions by the banks of over indebted families gave birth to a vast civic resistance movement in two thousand and nine in barcelona outraged militants set up the ph platform for victims which currently comprises two hundred fifty neighborhood associations across the country. to be among those that. helped us and organise better than. the laws there's a. he said that he doesn't need professionals they sell steel. and those. means that i think is emotionally he said he. said yes if you want to get cynthia.

get out. there as they say the us. but i think i mean. there are people those things because eight million me and if we imagine that that's too much and whether mrs miller is a veteran isn't only the most there is with his match on me an e-mail if you match consumers are winners and there's made. us know in. your understand there man that the main objective was to reform spanish mortgage lending laws according to which when a bank repossesses a property the outstanding debt is not automatically cancelled with the bursting of the property bubble and the plummeting house prices many families found themselves up to their eyes in debt even after having sold their homes. in madrid the

ruling conservative people's party plucked the reform but in barcelona on july twenty ninth two thousand and fifteen it was unanimously ratified by the catalan powers i thank you for the racist las. but i guess i mean yes is. a lot about i was there any particular like you live. in the south yeah. when they. look anything. like you left. you out there is. so locals even their interests and i mean.

make. me. into any. there's interest of either as a lot of them as in the orbit of the interest of other. company b. saw and their warm amalia and those muses and though those people are starting carry seymour's they were not pushed that he was doing by the way me higher was completed piece was there in those and when daniel woodrell. in the last of our star me as. a second parent what was interesting with family there were those they will go in there is the end of. the thing when daniel is minerals you're in no way on u.s. embargo and they pay sawdust into. the capital i mean this is and i mean little

does is less than see that though and that is that this is a way to get our. first list then it is a silo is how you would i know i made the law and if they. the situation is particularly worrying in the northern european countries in sweden norway finland and especially here in denmark where the rate of household debt is currently the highest in europe three hundred percent of disposable income doubled out of the u.k. triple battlefronts or germany over the past twenty years the danes have gotten massively indebted encouraged by governments who made access to credit very easy.

enough. to receive it would have done can't think myself over here and the government things up for good. fish. but i am. very scared out of my kids pick up windy day lindsey like to think that british. cold because vessel only forty if they play shore tournament. i'm a chess you know your lifestyle beautiful out of the olympics if you want some if you wife whatever i'm a six time flow it's a little stiffer story. about

it under the rhythm of i'm a bit off but that's not a cut here oh no me money to. buy him an a for the k. . in this new school i can know me a little more to where you will be still a lot. of slave to your friends to. see that number. rather than. the guys you know some of them from another sunday the left on another channel the idea that something missing. and then most likely. not coming in and now it would come in the coming days and then the policeman the member some time now she's listening now somehow moments for someone so much and they got to.

counting on my blog or one of the from the one that hit. me. cut out. my. was. the week's top stories are deadly unrest continues in palestine following washington this decision to recognize jerusalem as israel's capital. muslim leaders respond to the u.s. move by calling for easter is supposed to be recognized as the palestinian capital turkey already planning to open its embassy there. also coming up this hour president putin orders the withdrawal of russian troops from syria after all is

a loses its last stronghold ah. ah .