Jump to content

Inside Job - Financial Crisis 2008


Recommended Posts

wonder if anyone posted this documentary by sony pictures before. worth taking an hour of your time to understand wat happen behind scene and who r the ones involved.

 

btw, this movie also have PM LHL inside.

 

↡ Advertisement
Link to post
Share on other sites

  On 6/30/2011 at 8:58 AM, Porker said:

Thanks for this. I dl the movie after watching that clip. Gonna watch the full version.

where to download ?? I only find the Trailer ...

Link to post
Share on other sites

Thanks for the recommendation.

 

It is a good documentary.

 

Strongly recommended for those who were not sure how and why this crisis happened.

Link to post
Share on other sites

Twincharged
  On 6/30/2011 at 11:06 PM, Babyckh said:

Thanks for the recommendation.

 

It is a good documentary.

 

Strongly recommended for those who were not sure how and why this crisis happened.

 

So in short the super rich and powerful people like government have control of the crisis.. and 1 mistake or 1 bad decision made by government will end up have bubble effect and crisis than bound to happen.. am I right to say that?

Link to post
Share on other sites

HI bro

I bought the DVD version from the stores here. The DVD has very interesting special features and extended features. It is a must watch (the extra footage).

 

regards,

Link to post
Share on other sites

(edited)

There should have some govt intervention when it comes to the banks' deregulation. The powerful bankers working in the US treasury makes sure there will be little or no laws to stop the banks. I'm really shock to see these powerful bankers who created the crisis are not prosecuted but promoted to even higher positions in the US govt. Some of the older powerful bankers "retire" to teaching positions and do part time consultancy in prestigious university such as Harvard. They even wrote the economy textbooks that the students study in the uni. To me it's as good as criminals teaching how to commit crime to students.

 

Deregulation is supposedly give rise to competition and lower market rates but greedy bankers just exploit the "free market" status of the bank to make themselves filthy rich. There's nothing to stop the greed and what we saw in 2008 was spiraled out of control. And the same bankers say this will never happen again. Haha.... Some parts in this film are really funny, especially when the law wants to prosecute the corrupt bankers, the cross examination part. They can say the banks' triple A rating is just an opinion.

 

The rating is how banks rate their investment, triple A being the safest. The bankers are selling crap investments, rate them as AAA, betting the crap investments to fail, just to earn more money. "Betting the crap investments to fail" is by insuring the investment such that in a event that the investment fails the insurance company will compensate the loss to the bankers. That's where AIG got into trouble.

 

The film really gave an insight as to how corrupt the banks and its bankers really are. This deregulation thing without rules and laws to govern the system is really scary. And who have to pay for the losses? The taxpayers, the so called bailout that the govt hands out. The bankers are as good as robbing taxpayers money. "It will never happen again". Hahahaha....

Edited by Watwheels
Link to post
Share on other sites

(edited)

i have watched this sometime ago. even before watching this video, i have lost faith to gov, bank, ceo, etc especially powerful people

there is always a 'motivation' behind any execution, any decision made regardless of politician, ceo, etc. there is always a reson-behind-reason. you will never know the truth and you can't handle the truth. fake is real, real is fake.

 

it's a vicious cycle ... small fish eat plankton, big fish eat small fish, human eat big fish, human-eat-human (figurative speech of dog-eat-dog world)

Edited by Wt_know
Link to post
Share on other sites

Yes. U r rite. The ironic part is they are still very much in control despite all these had happened. Probably they will never learn.

Link to post
Share on other sites

(edited)

it's not that they will never learn, they know exactly what they are doing and what's coming

 

in the interview, some were asked whether subprime collapse is unforseen. the answer is they know it so well that's why they packaged it so complex that no one can actually figure out how deep is the s.hit

 

  On 7/1/2011 at 2:14 AM, Babyckh said:

Yes. U r rite. The ironic part is they are still very much in control despite all these had happened. Probably they will never learn.

Edited by Wt_know
Link to post
Share on other sites

  On 7/1/2011 at 2:23 AM, Wt_know said:

it's not that they will never learn, they know exactly what they are doing and what's coming

 

in the interview, some were asked whether subprime collapse is unforseen. the answer is they know it so well that's why they packaged it so complex that no one can actually figure out how deep is the s.hit

 

you got it right. its the greed that blinds men.. if one thinks that this will be one single mistake and ppl learn from it perhap we should think again.

 

go do a search on goldman sachs and greece. you will see why greece now is like this. how goldman "help" greece to cover their backside from EU with a price tag of 300 milo.

 

they didnt stop at 300 milo. they turned their back on greece and strike to profit again from the collapse of greece.

 

in biz, there is no good or bad bizman. only a bizman who can made monie or not. watever the way is. right or wrong? 2 school of thoughts. [rolleyes]

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...