Pt. 6 America's Bankrupt Banks (Inside the Meltdown)

[NunoSav]

You can't go through the 2008 crisis without showing this: /watch?v=HaG9d_4zij8

There's better documentaries out there!

[lonelytrixter]

The biggest problem I have with this 'documentary' is it completely misses how the same right wing, free market ideology that Paulson et all espoused was what allowed the mess to be created in the first place. If regulations like the Glass-Steagall Act and leverage caps were not removed, if the banks were not allowed to operate in secrecy and keep this junk off their balance sheets and if the regulators were doing their jobs properly the mess probably would not have been created.

[MrFerauto1]

Banksters or Gangsters ?

[PorkIsHalal]

WHy I got a feeling this documentary is NOT neutral?

[jscottupton]

Did you catch that last line ? "All eyes are on Barack Obama to turn it all around". Ha Ha.

[dreamEternal]

@jscottupton lol that was funny.

We've brought the world to the brink of financial armagedon, now it's all down to you to save us, better not let us down ok! you better do your job properly!!

Captalism in the western hemisphere's a funny thing.

[philwarinsky]

TOTAL BS. This is fiscal propaganda at its finest.

[trach83]

@philwarinsky i almost felt sorry for paulson. buahahaha...

[StanleySweet14]

@philwarinsky how is this propaganda? This is just a documentary explaining what happened. What part of this did not happen?

[philwarinsky]

@StanleySweet14 where to start? This doco is full of half truths and outright lies. If you cannot see them then I cannot point them out to you, for your mind is already made up?

[uzair17raza]

@philwarinsky Can you please give us a hint of what you mean by propaganda. This is explaining in detailwhat happened perhaps what you mean by BS is the very fact that the system they were running was designed to come this way eventually. I mean who the fuck studies the depression and yet avoids making a mistake like this. These people are not ignorant, they're cowards. Quantitative easing will only postpone their cowardly acts

[philwarinsky]

@uzair17raza Imagine a movie, you watch it and then you watch a version with commentary. Yes the commentary is truth and correct, all of the things the voice over highlights did happen, yet you are still watching an 'imagination' rather then anything that actually happened. Same applies to this film.

[stumptownbro]

@philwarinsky Fiscal policy has to do with government revenue and taxation. Monetary policy has to do with controlling interest rates, employment etc. These were monetary moves by the Fed and Treasury to prevent a systemic economic collapse. There was nothing fiscal mentioned in the doc. and for the most part it was just a play by play of what happened. If you want to discuss 'why' it happened that is another topic and documentary all together. But this was not 'fiscal propaganda'.

[uturniaphobic]

did Paulson write this show?

in my opinion it makes him look like a hero. He's no hero in my opinion.

I say he was mad because his war money disappeared.

[flynn2008]

I do not remember a time when congress pass laws to take money out of my pocket and give it to somebody else.

[jscottupton]

@flynn2008 You must have a bad memory.

[flynn2008]

@jscottupton

LOL It was supposed to be sarcastic.

[princeofstockmarket]

most people are stupid. just go out and look around. everyone you see is stupid. it is logical that the rich gets richer and the poor gets poorer.

[CranberryMuffinmanz]

@princeofstockmarket exactly this is the government stepping in to keep the rich rich, and if some poor guy lost his job and the bank was going to throw him and his family on the street the government wouldn't give a shit.

[princeofstockmarket]

@CranberryMuffinmanz You don't understand. There are only 2 types of people. owners and slaves. If you are not one, you must be the other. Slaves have no rights to ask anyone anything.

[devinseven11]

@princeofstockmarket that is true. Most people dont even understand how stocks work.