A global credit crunch has put Britain's banks in a crisis that threatens a wholesale recession. Private equity financier Jon Moulton delivers a stinging rebuke to the banks for causing this financial meltdown and explains why the British taxpayer will now pay the price. This is a story about the destructive power of finance: what happens when banks are driven by short-termism; when bankers are rewarded with vast bonuses, free to operate under inadequate regulatory supervision, and with the complicity of a government too in awe of big business to step in.

Monday 18 February at 8:00pm on Channel 4