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The Story of Money

Mafia high finance

The Story of Money

Manuela Saragosa

Business, Crypto, Markets, Finance, Banking, Investing, History, News

4.4400 Ratings

🗓️ 7 October 2020

⏱️ 21 minutes

🧾️ Download transcript

Summary

While reporting on the coronavirus crisis in northern Italy this year, Rome correspondent Miles Johnson discovered an equally concerning story in the country’s south. Italy’s most powerful organised crime group, the ‘Ndrangheta, had infiltrated local hospitals and packaged millions of plundered euros into global investment funds and portfolios. In the first episode of Behind the Money’s fourth season, Miles follows the money trail in a cautionary tale for the era of ultra-low interest rates. 


Read Miles’ full investigation here: https://www.ft.com/content/8850581c-176e-4c5c-8b38-debb26b35c14.


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Transcript

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0:00.0

Am I missing anything? Is this the right decision?

0:02.0

Could it be a alternative?

0:04.0

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0:05.0

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0:08.0

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0:11.0

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0:12.0

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0:14.6

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0:16.5

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0:21.1

facts, not opinions.

0:23.0

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0:26.6

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0:27.7

AI and take action today.

0:31.1

I was writing about the first cases of COVID-19 in Italy when the pandemic became particularly severe.

0:39.0

Italy's government has overnight announced a massive shutdown across the country as it struggles to cope with coronavirus.

0:47.0

The main outbreak was in the north, it was in Lombardy.

0:50.0

At the new epicenter of the coronavirus pandemic, patients at this bare bones hospital ward in Italy rest on camp beds, placed one meter apart.

0:59.0

It was in wealthy, northern Italian regions which have very good health system, very strong health system.

1:07.0

They've run out of room at the morgue, but they haven't run out of respect for the dead at Cremona Hospital.

1:13.0

For several weeks this spring, Northern Italy

1:15.6

was the epicenter of the pandemic.

1:18.2

News filtered out about the tragic toll the virus was taking

...

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