Monday, February 25, 2013

inside job

Inside Job (2010) from THELIGHT on Vimeo.

DOCUMENTARY : 'Inside Job' provides a comprehensive analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. Through exhaustive research and extensive interviews with key financial insiders, politicians, journalists, and academics, the film traces the rise of a rogue industry which has corrupted politics, regulation, and academia. It was made on location in the United States, Iceland, England, France, Singapore, and China. Fist tap Big Don.

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Ed Dunn said...

Why does Inside Job cover has a picture of Chicago on it? Wasn't Washington Mutual in Seattle the largest bank failure? I'm pretty sure someone from Seattle would know this fact..

Washington Mutual, Inc. (OTC Pink: WAMUQ), abbreviated to WaMu, was a savings bank holding company and the former owner of Washington Mutual Bank, which was the United States' largest savings and loan association until its collapse in 2008

makheru bradley said...

It was horribly miscalculated "shock doctrine," the bankruptcy of Lehman Brothers on 9/15/08 which triggered what I call "9/15"--the deliberate collapse of the US economy. WaMu which failed on 9/25/08 added fuel to the raging fire ignited by Lehman. Lehman Brothers is the poster child for 9/15, however no picture of that disaster would be complete without the ghoulish images of Timothy Geithner, Henry Paulson, and Benjamin Bernanke hovering over the Lehman collapse.

http://www.guardian.co.uk/business/2009/sep/04/lehman-brothers-aftershocks-28-days

Unfortunately US taxpayers are still subsidizing the "too big to fail" banks to the tune of $83 billion a year per Bloomberg.

http://www.bloomberg.com/news/2013-02-20/why-should-taxpayers-give-big-banks-83-billion-a-year-.html

Here's a suggestion. Take that $83 billion from the banks and the "sequester" is covered for this year.

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