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?
- assigning blame to either Democrats or Republicans is pointless
- many investment bankers knew the mortgage loans they were selling, were junk
- the cosy relationship between Wall Street and Ivy League academia is eye-opening, i.e. revealing conflicts of interest
- notably missing from the film, declining to be interviewed, are: Larry Summers, Tim Geithner, Hank Paulson, Alan Greenspan and Robert Rubin.
- “Obscene” is the word that comes to mind: 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.
- the only remaining question is why some of these people aren’t being prosecuted for fraud or at least shirking fiduciary duty.
Another excellent film review is here.
- extremely unethical behaviour
- unbelievably unlikely that there wasn’t also criminal fraud
- but not a single seniour executive has been prosecuted.
Professor William Black comments and suggests the following:
- replace bank regulators
- end FBI partnership with MBA
- fire Eric Holder, the current Attorney General.
What can we do now?
- fire Geithner, Sumers and the heads of the banking regulatory agencies
- get people who believe in prosecution
- make a Top 100 list of most serious cases instead of the least serious ones.