Inside Job, Oscar-Winning Documentary, Now Online (Free)

Yes, and there was no such thing as the utter­ly unreg­u­lat­ed, risk-soaked shad­ow bank­ing sys­tem; and there were no banks and shills for banks lob­by­ing for the elim­i­na­tion of all enforce­ment of under­writ­ing stan­dards; and there were no such things as liars’ loans; and there was no Ayn Rand acolyte at the Fed­er­al Reserve, wor­shiped by the right-wing busi­ness media, argu­ing that sys­temic risk was an impos­si­bil­i­ty in the won­der­land of dereg­u­lat­ed finan­cial mar­kets. Rather, there were just bad, black peo­ple and their lib­er­al enablers, ruinin’ our ‘Meri­ka.

The life of a real ‘Merikan is sim­ple, warm, uncom­pli­cat­ed — like liv­ing in the womb. Gub­mit bad. Mama good. Lib­er­al bad. Mama good. Derp! Derp!

It’s pret­ty obvi­ous you did­n’t watch the film, Lar­ry. Or else how would you account for the scene in which that famous lefty, George W. Bush, speaks glow­ing­ly about how low-income peo­ple in Amer­i­ca can own their own homes? Thank you for the read­ing sug­ges­tion. If you ever have the time, I rec­om­mend you watch a film called “Inside Job.”

Fan­ny and Fred­dy were late to the game, but of course such facts are very incon­ve­nient to the his­tor­i­cal fan­tasies you and oth­ers of your ilk require to main­tain your illu­sions of con­ser­v­a­tive grandeur. Coun­try­wide orig­i­nat­ed many, many, many more sub­prime mort­gages. F and F came late, engaged in the same poor lend­ing prac­tices oth­ers had per­fect­ed, but on a much small­er scale. F and F did­n’t engage in the buy­ing and sell­ing of the tox­ic CDO’s if I recall cor­rect­ly, and it is the pres­ence and scale in those tox­ic assets that has poi­soned the glob­al sys­tem to this day. They were the brain­child of pri­vate investors and man­agers, not the likes of F and F.

Motor­head, I’m with you 100% except for the fact that where we find our­selves cur­rent­ly is beyond polit­i­cal ide­olo­gies. If you’d asked me just the oth­er day if I agreed with Michael Moore on any­thing, I would have said no. How­ev­er, I now know that when he says that 90% of this coun­try’s wealth is cur­rent­ly con­trolled by the 1% at the top, he’s actu­al­ly talk­ing about the crim­i­nals on Wall Street who’ve obtained their wealth through fraud, polit­i­cal cor­rup­tion on both sides of the aisle, and intim­i­da­tion.
Matt Damon is an enter­tain­ing actor, but he and I have noth­ing in com­mon socio-polit­i­cal­ly. There are things that I semi-dis­agree with in this movie/documentary; for exam­ple, the abil­i­ty of Wall Street to do what they did we must all admit real­ly start­ed with the Fed­er­al Reserve Act of 1913, cre­at­ed by a Demo­c­ra­t­i­cal­ly con­trolled Con­gress, and signed into Law by Woodrow Wil­son, a Demo­c­rat. We must also admit to the role that the Carter Admin­is­tra­tion played with his sign­ing into Law the Hous­ing and Com­mu­ni­ty Devel­op­ment Act of 1977, them move on the Clin­ton. In 1999 the Con­gress enact­ed and Pres­i­dent Clin­ton signed into law the Gramm-Leach-Bliley Act, also known as the “Finan­cial Ser­vices Mod­ern­iza­tion Act”. This law repealed the part of the Glass–Steagall Act that had pro­hib­it­ed a bank from offer­ing a full range of invest­ment, com­mer­cial bank­ing, and insur­ance ser­vices since its enact­ment in 1933.
It’s true that many Repub­li­cans are guilty of either com­plic­i­ty or com­pla­cen­cy, and many more guilty of corrab­o­ra­tion in all of the known frauds, but this doc­u­men­tary makes it seem as though it all start­ed and end­ed with Repub­li­cans, when this is sim­ply not true. Although there are a great many facts that are miss­ing, and there is a clear polit­i­cal ide­ol­o­gy seen through­out the film, I would still encour­age you and every­one you know to watch it because what you will learn should force you to do your own research, and it may help you to under­stand that not all things are polit­i­cal in nature.