Are you still wondering about the 2007 and 2008 Financial Crisis and what exactly happened? This acclaimed documentary has a great view of the causes of the collapse that threatened to shatter the ponzi scheme that governments and the financial industry have been running for years. While I'll be the first to admit that not all of what they show is spot on (everyone has an angle and prejudice), I'll say that they nail a heck of a lot of it.
I suggest that you hit full screen to get the most enjoyment of your viewing.
(I took down the embedded video because the source video was nailed by Sony for copyright infringement.) Here is another link to a blog I found that had the video still in tact. http://www.distressedvolatility.com/2011/04/watch-inside-job-full-video.html )
It's odd to think that this is all past, that with the simple creation of the TARP fund, QE I, and QEII we are suddenly all fixed and ready to get back to life as usual. Where are the losses? Where are the handcuffs? Nothing has changed, you just got scammed as a taxpayer. "Each crisis has caused more damage while the industry has made more and more money". I can't wait to see the next one, it should be on schedule in about 3 to 4 more years.
If you have about an hour and a half, you will agree that it is not a waste of time. Be careful!
GOATMUG!
Posts
No longer available.
ReplyDelete