If you find the text too small to read on this website, press the CTRL button and,
without taking your finger off, press the + button, which will enlarge the text.
Keep doing it until you have a comfortable reading size.
(Use the - button to reduce the size)

Today's quote:

Wednesday, April 10, 2024

INSIDE JOB

 

Charles Ferguson's documentary, INSIDE JOB, explores the reasons and the effects of the 2008 world-wide financial downturn, starting with an examination of the problem in microcosm - in the small country of Iceland, which was a model community until the banks were de-regulated.

 

Read a preview of the book here

 

Like others before him, Ferguson claims the beginning of the problem was in the 80s when President Ronald Reagan deregulated the American banking industry, but he goes on to demonstrate that executive greed and dishonesty have been rampant in recent years.

Ferguson's really well made documentary makes at least some of the puzzle clearer. There are graphs and charts and graphics and numbers galore, but the bottom line is that the poor old punter has been taken for a ride by greedy corporate business tycoons who have been hand-in-glove with government departments.

It's a horror movie, in a way, one designed to make you angry and want to do something about it.

The frightening thing is that the same people who were advising Bush and Clinton are now advising Biden and the bonuses keep on getting bigger and millions and millions of lives have been decimated, destroyed by these people and they are just making as many billions of dollars for themselves as they used to.

This is a film for our time. Everybody ought to see it and get angry.


Googlemap Riverbend