In his Oscar acceptance speech, documentary filmmaker Charles Ferguson reminded viewers worldwide that "not a single financial executive has gone to jail" for the fraud that created the 2008 financial meltdown. His film Inside Job (on Netflix DVD
) explains, among other things, that the crisis was avoidable. See also the Inside Job trailer
and a subsequent followup video
in which Ferguson says that many sources "mysteriously backed out" before being filmed. He also spoke at MIT
posted by mark7570
on Mar 2, 2011 -
Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer.
"Everything's fucked up, and nobody goes to jail," he said. "That's your whole story right there. Hell, you don't even have to write the rest of it. Just write that."
I put down my notebook. "Just that?"
"That's right," he said, signaling to the waitress for the check. "Everything's fucked up, and nobody goes to jail. You can end the piece right there."
posted by vidur
on Feb 16, 2011 -
"The first thing that needs to happen, I think, is to get these people out of their homes," a man wearing a bespoke blue-striped shirt, a Hermés tie patterned with elephants and Ferragamo loafers said recently
. But, maybe Wall Street doesn't understand why foreclosure fraud is so dangerous to property rights
? And, the Obama administration doesn't understand why HAMP
has been a portrait in failure
for homeowners (in eight parts I
posted by ennui.bz
on Oct 15, 2010 -
Six Simple Ways to Fix Wall Street.
"Elements of our Six Simple Steps are in the pending legislation. If they're part of what's adopted, we may get true and lasting reform. If they're not, it won't be long before Wall Street is back to business -- and bailouts -- as usual."
posted by storybored
on May 14, 2010 -
Matt Taibbifilter: Among other things, the GAO report noted that the entire OTS had only one insurance specialist on staff — and this despite the fact that it was the primary regulator for the world's largest insurer! This week's MeFi stories
have generally failed to explain the reasoning that caused the recession, even though Jon Stewart
was basically on the mark. Now, Rolling Stone
's only reporter lays it all out The Big Takeover
, a typical combination of zealous snark and the overlooked, damning facts needed to clear up a ridiculously complicated story.
posted by shii
on Mar 20, 2009 -