Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

The economic crisis was an 'inside job'
The Washington Post ^ | 8/13/10 | Kathleen Parker

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 ...


TOPICS: Business/Economy; Crime/Corruption
KEYWORDS: 2008meltdown; bankers; recession; wallstreet
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-64 next last
To: Neverforget01
I wonder which way this "documentary" leans?

Since it's being recommended by a conservative columnist, I would assume that it leans in favor of protecting the free market from this sort of corruption.

21 posted on 10/13/2010 7:01:07 AM PDT by Sakity Yaks
[ Post Reply | Private Reply | To 6 | View Replies]

To: Sakity Yaks

I think the democrats purposely may have tanked the economy to help ensure a democrat would be elected after Bush, since they knew the liberal judges on the Supreme Court couldn’t hold on much longer. You see liberals can never allow abortion to be made illegal, because if it is then they will be portrayed by history as the ones who butchered over 100 million babies, which would make them 10 times more disgusting than the Nazi’s which only killed 8 million jews.


22 posted on 10/13/2010 7:03:17 AM PDT by TexasFreeper2009 (Obama = Epic Fail)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Mr. Jeeves
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.

Yep -- the crooks are very good at ginning up a "let's you and him fight" distraction while they get away scot free.

23 posted on 10/13/2010 7:03:44 AM PDT by Sakity Yaks
[ Post Reply | Private Reply | To 18 | View Replies]

To: Sakity Yaks

A documentary of the Rinocratic Oligarchy. Their little present to the country.


24 posted on 10/13/2010 7:03:58 AM PDT by mo
[ Post Reply | Private Reply | To 1 | View Replies]

To: circlecity

The last four presidents have been Ivy Leaguers.


25 posted on 10/13/2010 7:05:48 AM PDT by Moonman62 (Half of all Americans are above average.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: mo
the Rinocratic Oligarchy

That works.

26 posted on 10/13/2010 7:05:59 AM PDT by EternalVigilance (Without Christianity there is no America.)
[ Post Reply | Private Reply | To 24 | View Replies]

To: Sakity Yaks
Since it's being recommended by a conservative columnist

Kathleen Parker conservative?--and Ferguson and Damon are too? Now that's funny.

27 posted on 10/13/2010 7:06:15 AM PDT by Neverforget01 (It Could Have Been Worse Is Not A Defense For Bad Policy)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Sakity Yaks

“Damn their warnings, damn their lies;
They will see a people rise!”

“Drink with me, to days gone by;
Sing with me, the songs we knew...”

“Do you hear the people sing,
Singing the songs of angry men?
It is the music of a people
Who will not be slaves again.
When the beating of your heart
Echoes the beating of the drum,
There’s a new life about to start
When tomorrow comes!
Will you join in our crusade?
Who will be strong and stand with me?
Beyond the (present day) there is a world you long to see.
So join in the fight that will give you the right
To be free!”


28 posted on 10/13/2010 7:07:00 AM PDT by Migraine (Diversity is great... ...until it happens to YOU.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: AnglePark

Well over a billion before it was over.


29 posted on 10/13/2010 7:08:18 AM PDT by mad_as_he$$ (Playing by the rules only works if both sides do it!)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Sakity Yaks

Narrated by Matt Damon. Enough said.


30 posted on 10/13/2010 7:08:49 AM PDT by arkady_renko
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sakity Yaks

Narrated by Matt Damon means I’m won’t be wasting my money seeing it.


31 posted on 10/13/2010 7:08:49 AM PDT by Snake65 (Gentlemen may cry, Peace, Peace-- but there is no peace. The war is actually begun!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: OB1kNOb; AnglePark
Rep Kanjorski: $550 Billion Disappeared in "Electronic Run on the Banks" September 15, 2008
32 posted on 10/13/2010 7:11:07 AM PDT by Madame Dufarge
[ Post Reply | Private Reply | To 17 | View Replies]

To: AnglePark

Are you referring to the money market money? Here is a link, but I’m not sure if it is the article I am thinking of. Rep Paul Kan(jorski?) talked about it somewhere... $500 Billion, IIRC? Taken out in short time period.


33 posted on 10/13/2010 7:12:06 AM PDT by PghBaldy (Like the Ft Hood Killer, James Earl Ray was just stressed when he killed MLK Jr.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: rightwingextremist1776

I share your take on this. Soros perpetrated an ‘October Surprise’ one month early.


34 posted on 10/13/2010 7:13:20 AM PDT by 2nd Bn, 11th Mar (All sweat, no equity)
[ Post Reply | Private Reply | To 12 | View Replies]

To: PghBaldy; Madame Dufarge; mad_as_he$$; Flavious_Maximus; OB1kNOb

Thanks, folks — that’s what I was trying to remember.

I know it had Bush and his admin scrambling, and I’m amazed it’s never even mentioned these days. At the time, I remember the speculation it was a major contributor to the overall collapse.


35 posted on 10/13/2010 7:23:03 AM PDT by AnglePark
[ Post Reply | Private Reply | To 33 | View Replies]

To: 2nd Bn, 11th Mar
Soros is the titular head of this boil called Obama....pop him and you drain the rest of the puss that has infected our government.
36 posted on 10/13/2010 7:26:45 AM PDT by rightwingextremist1776
[ Post Reply | Private Reply | To 34 | View Replies]

To: Flavious_Maximus; mad_as_he$$; AnglePark; OB1kNOb; Madame Dufarge; PghBaldy
Kanjorski was confused.

Source

37 posted on 10/13/2010 7:32:51 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: 2nd Bn, 11th Mar
"I share your take on this. Soros perpetrated an ‘October Surprise’ one month early.

Exactly what I said to my husband back when it all came down. Too convenient for the left and a public too stupid to see it.
38 posted on 10/13/2010 7:34:41 AM PDT by texas_mrs
[ Post Reply | Private Reply | To 34 | View Replies]

To: Toddsterpatriot

Well, that would explain why it’s never been mentioned again! ;-)


39 posted on 10/13/2010 7:35:19 AM PDT by AnglePark
[ Post Reply | Private Reply | To 37 | View Replies]

To: Sakity Yaks
IMHO

What we are trying to live through is the DIRECT result of image over substance. Today's stock market continues to reflect this trend - it goes up when manipulative polices are announced. Polices that will not change anything just continue to repair the house of cards that passes for the American home building industry.

Thirty odd years ago I was put in charge of a real hodgepodge of a management program - designed to support 40 people now supporting almost 400. My final solution was to step back and let the entire thing crash so I could see what was salvageable and what wasn't.

Until we are able to spend our limited time to determine what works and doesn't instead spending all of our time keeping the balls in the air we will never get anywhere and our kids and grandkids will suffer.

40 posted on 10/13/2010 7:41:09 AM PDT by Nip (A COIN carrier since 1975.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-64 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson