Want to know why our ancestor hated banks, just watch the movie “Inside Job.”
The documentary was well done, except where Glenn Hubbard got pissed off. If he would have talked to me like he did the interviewer, I would have bitch slapped him.
Inside Job starts off with Iceland, a nation that was financially sound. that is until regulations on the banks are reduced and government oversight is laxed.
The Inside job talks to various people about what helped create the crash of 2008.
Long story short, the working class people are screwed and the banks are going to keep getting richer.
There is a saying I saw awhile back that stuck in my head – “privatized profits and socialized losses.” Meaning, when times are good, the banks keep their profits. When times are bad, the tax payers have to foot the bill.
When the federal reserve is there to hand the banks whatever money they want, who worries about losing money?
So, everyone that voted for obama, how is that change working out for you.
Inside Job should be required watching for everyone who votes for the two major parties.
What really amazed me was the lack of remorse in ripping off millions of investors, and ripping off people with predatory lending. Its as if the people working on wall street are sociopaths. If everyone acted like bankers, the world would be in some serious trouble.
Now that the banks have control of our government, things are just going to get worse.
If Inside Job is an indication of things to come, we are in some serious crap.