Skip to comments.The economic crisis was an 'inside job'
Posted on 10/13/2010 6:35:54 AM PDT by Sakity Yaks
If you haven't been humming tunes from "Les Misérables," you haven't seen "Inside Job," the new documentary about how our economic crisis evolved.
The most forgiving American will want to seize a pitchfork and march on Wall Street. Or Harvard Square. Or in front of the White House. There are so many despicable parties, it's hard to pick a favorite. Is it time to reconsider the Axis of Evil?
The film, written and directed by Charles Ferguson (and narrated by Matt Damon), will be opening in select cities this week. Although much of the story is familiar, Ferguson manages to weave together decades of bits and pieces into a dramatic narrative that plays like a whodunit. Names have faces, and storytelling combined with graphic illustrations helps explain the complex series of events that led to the global meltdown. Here are a few takeaways:
One, trying to assign blame to either Democrats or Republicans is pointless. Everyone is culpable. From the early 1980s, when Ronald Reagan deregulated banks, through the two Bushes, Bill Clinton and now Barack Obama, each administration has endorsed -- and each Congress has helped tweak -- laws and rules that made systemic abuses and the meltdown not only possible but, looking back, inevitable....
I'm not one to advance class warfare, and most Americans still want to preserve a market system that leaves open the possibility that they, too, can work hard and achieve wealth. But it's clear from "Inside Job" that the game has been rigged so that only a few were in positions to get rich at the expense of the middle class, not just here but globally....
(Excerpt) Read more at washingtonpost.com ...
They are the enemies within who must be exposed and defeated. Dig their dirt, expose them, and then defeat them in disgrace. God willing, may their disgrace last throughout eternity.
I just skimmed the article, but I didn’t see anything about the large sum of money that was pulled from the system before the election in ‘08.
I was trying to remember the details a few weeks ago, but couldn’t, and was unable to find anything on the web to jog my memory — was that mystery ever solved?
You will not find much on the slam of the market on the net. It has been scrubbed. As far as I can tell no one is even looking for the money. Perfect crime.
Kathleen Parker is a dumb skank bitch.
The film, written and directed by Charles Ferguson (and narrated by Matt Damon)
I wonder which way this "documentary" leans? /sarc
Unfortunately this corruption of academia is not just limited to economists. Science, sociology, research and all arts and sciences have been hopelessly politicised and corrupted by greed. The global warming fraud is just one of many, many examples. The "experts" today just cannot be trusted.
(’Inside Job’)which the president and his economic team had best watch — and soon — could use a sequel: “The Perp Walk.”
Yeah, like they’ll be exempt from prosecution.
“It’s the corruption, Stupid!”
What does that mean?
Deregulation are the regulations agreed upon by the industry, its lobbyists, and the politicians at any given time.
More regulations just means more loopholes.
Deregulation and regulation are all controlled by the same people, and allow the same sweet deals to happen for the select few involved in the system.
Wasn’t it something like 500M in under an hour — something like that? And they slammed the brakes on it behind the scenes?
His answer to the question "How many states" 57 is correct for describing the 57 member states of Islam
His staff reports that he prays all the time.
And, a biggie straight from the Qu'ran is that it's ok to lie to infidels.
Barney Frank and Chris Dodd caused the housing crisis. The banks wouldn't have been offering sub-prime loans if they weren't pushed to do so.
Obama's election caused a direct response from business --> high unemployment
stimulus --> further eroded the job market
And isn't it special that Barney Frank's friend a hedge fund manager got $200 million in stimulus $$$ ... see today's Boston Herald.
I don’t honestly think that there will ever be prosecution of the ‘culprits’ even IF they can be identified.
The fraud and dishonesty are so wide and deeply entrenched, that finding an unbiased and incorruptible prosecution would be impossible, in itself.
Charles Henry Ferguson (born March 24, 1955) is founder and president of Representational Pictures, Inc., director and producer of No End In Sight: The American Occupation of Iraq (2007)
That’s it — I was going to post $500B above, but that just sounded like too much to me, so I put $500M.
Good grief — why isn’t anyone mentioning that now, or looking into it?
Try $500 billion. TigersEye and I were discussing yesterday whether this was ever solved. We don't think it was ever revealed who caused the large withdrawal.
Liberals are not wrong about this - they have just been propagandized into misidentifying the villains as some sort of Midwestern, Sarah Palin-ite, recalcitrant voters who hate progressive politics and non-whites.
Conservatives are not wrong about this - tbey have just been propagandized into misidentifying the villains as some sort of Communist Legion of Doom trying to infiltrate Wall Street and the Democratic Party.
This movie sounds like a step in the right direction.
Usual lying suspects. Considering the sources, the message is a twisted slanderous falsehood believed only by boneheaded fools. Scraps of truth mutilated by misrepresentations sheds no light on our current treacherous economic condition.
Here is a link to the interview. It was $550 billion.