Inside Job -Charles Ferguson speaking with journalists, politicians and financial advisors, about the economic melt down.
http://w3.newsmax.com/a/
I can't say I exactly understand what these people were doing with dirivitives etc... but I do know that I remember when they spoke of de regularization, it left me with a question mark as to what this all meant.
Why did they need to de regularize?
Why are financial institutions not accountable to their customers?
Banks are there to help customers not to destroy them. If they destroy them then they should be held responsible and accountable. People are.
Why make things so complicated no one understands what they are doing?
Government doesn't understand so they let them do whatever.
Obama was elected saying he will make financial institutions accountable but then he hired the same people responsible for the crash and still paying them public funds.
They stole public funds and are being rewarded for it.
Now It is very nice the Republican Nominees committee is talking about how bad things are
but what do they know? Will they hire the same evil people to run things to their advantage?
And after watching this movie it is obvious to me every one in these companies should have all their money taken away from them and CEO's put in jail.
To think how many people were defrauded by giving them non existent mortgages and taking away all their lives' savings to leave them on the street is just plain evil and then people have to bail them out
Well I'd say people paid enough taxes for sure and now all these CEO's and Employees who made millions out of fraud should be examined and their money frozen or taken away.
The government has a right to take back all the land and open government banks and give back to the people what was stolen from them and then once they regularize everything, bring back jobs
the people should pay modest tax and live in homes with mortgages they can trust.
This economy story is just unacceptable.
Bank CEO's were paid millions to keep their mouths shut. They should all go to jail.
The whole thing is like a night mare. They became super rich over night without doing a stitch of work legally robbing the working guy. Government is elected to protect you from things like this.
Every time Bush talked business to the people, his face would turn red. He knew he was lying lol
When Obama appeared out of nowhere to be elected, it was clear the Republicans were not trying too hard to win the election.
They all knew something and now the people know.
Obama also doesn't know what he is doing by hiring the same people who did all this to get America out of the problem
What incredibly difficult things will they come up with again that no one will understand?
No one seems can be trusted to do the right thing.
Taking God out of the court system was a sign.
Does America still say In God We Trust?
He is the only one teaching humility, love of man instead of money.
Have a good one.
:)
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4 comments:
I don't even look at this circus anymore when on TV they show the American battle for votes. It's almost like a wrestling show, only they are wearing suits.
Religion has to stay out of politics, there are so many others like Hindus, buddhists etc, it's not only the Christian religion which counts.
I don't know if our politicians are catholics, protestants or nothing, nobody talks about that. We don't know their wives either. BTW our prime minister is homosexual, nobody cares as he is a very good politician and well liked. We also have a deep economical crisis !
I stop watching the news. I only here about these things via blog and from my mom. She is a news reporter in her "Own" mind (lol)
My house was caught up in the mortgage crisis and after my divorce, I struggled. After praying about it. I let it go. The last payment was Nov 2009 and it is still sitting empty. The banks have not begun the foreclosure process and I have sinced moved.
Bank of America is so shady and I am finally free from a loan that was orginially $430,000 and a new house in the neighborhood is going for $260,000. Crazy or what?
PRAISE God!
Love you!
Gattina I disagree. America worked best under the system it was under. What is good for Europe is not good for America.In fact Europe is in trouble now with these new immigrants.
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o the Dutch - but why wait until 2013?
The Netherlands , where six per cent of the population is now Muslim, is scrapping multiculturalism:
The Dutch government says it will abandon the long-standing model of multiculturalism that has encouraged Muslim immigrants to create a parallel society within the Netherlands .
A new integration bill, which Dutch Interior Minister Piet Hein Donner presented to parliament on June 16, reads: "The government shares the social dissatisfaction over the multicultural society model and plans to shift priority to the values of the Dutch people.
January 1, 2013.
Holland has done that whole liberal thing, and realised - maybe too late - that creating a nation of tribes will kill the nation itself.
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butterfly exactly - they have to all go to jail.To listen to this is really sickening especially when they get their cake and eat it too while people sit on city streets and houses rot rather than be lived in because of them.Someone has to be responsible for this and the money as well as the mortgages were given under false pretenses. People should fight back. It is becaus of public apathy they do this kind of thing and it makes no difference whether or not you vote Obama or the other party.
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