S1-E2: The Latin American Debt Crisis

Domino

A fortunate discovery by a Mexican fisherman uncovers the largest oil reserve in Latin American history. Spikes in oil prices shortly thereafter coupled with easy access to loans triggers a spike in borrowing throughout the region. The euphoria would be short-lived. Just as it appeared Latin America's day in the sun had finally arrived, interest rates spike, leading to massive problems and hardship. Health standards plummet, the economy contracts, and the illegal drug industry booms as the regional economy implodes. Teetering on the brink of disaster, Latin American governments and American banks are faced with difficult decisions of how to rescue the failing region.