FRONTLINE | "The Warning": Sneak Peek 1 | PBS

[surf2liv]

What a fluff piece..Tough talking Summers, a Harvard economist, with that gritty look..what a fraud it all is..in 10 secs i could solve the market/economy..limit Capital ratios to 2:1 instead of 50:1 or 500:1..Wallstreet would be limited to the damage it could do..

We need to overthrow these punkass Ivy League Economists..

[tlfettled]

Rand developed an integrated philosophical system called "Objectivism." Its essence is "the concept of man as a heroic being, with his own happiness as the moral purpose of his life, with productive achievement as his noblest activity, and reason as his only absolute."[92] Objectivism has been described pejoratively as "pseudophilosophy".[93]

[exenrontexas]

Reaganomics and DEregulation is at the ROOT CAUSE of America's economic crisis. Ayn Rand's ideas ONLY work in FICTION. Free markets promote CHAOS and SUFFERING and CRIMINAL activity. I know, I worked at ENRON. The crimes of ENRON were caused by Ronald Reagan.

[torr5962]

@exenrontexas NO. The crimes of Enron were caused by Enron. At some point, moral ethics need to be enforced within a corporate culture. 

[azothdaco]

Obama is continuing the Clinton Bush kabuki theater. Thirty years of supply side economics is enough...

[trnqlChaos]

@louiethegreater No, the failures you see around you are the result of over taxation and over regulation in the market, not the market itself. The irony is, people like you blame open-market principles and call for more regulation, further strangling the economy. Economic praxeology is a tricky thing, but saying free trade does not work is like saying gravity is a myth.

[louiethegreater]

Look around deindustrialized america today, this is the result of Greenspan and Rand's Ideology. Laissez-faire, Free Trade does not work.

[trnqlChaos]

@louiethegreater No, the failures you see around you are the result of over taxation and over regulation in the market, not the market itself. The irony is, people like you blame open-market principles and call for more regulation, further strangling the economy. Economic praxeology is a tricky thing, but saying "free trade does not work" is like saying gravity is a myth.

[kentucy9999]

It is a vicious circle. Regardless of who's in power. Something goes wrong, in this case the idea that Wall St would "regulate itself" and that "eventually the free market system would take care of all fraud and malfeasance." Doesn't work. Ayn Rand and Alan Greenspan were wrong. So, analyze it, address itand do something. The problem is though that when times are tough "you don't want to mess with the system" and then as things get better it is impossible to get the votes.

[catseyeskat]

Obama was ELECTED in '08, he did not assume office til '09! Check your dates, people...not Obama's fault!

[lifeseeker51]

The folly of trusting in ones wealth is made clear. I advise instead,embrace jesus Christ.The only way through.

[exenrontexas]

@lifeseeker51 Precisely. Both the path of the Herodians and Pharisees leads to destruction.

[votethemoutnow]

The very people that do know better are now advising Obama. Obama likes to blame it all on the last 8 years. He continues to lie. The ^ in the gdp was a result of big government spending. He is playing a shell game with the job gains numbers as per the AP. As for Timmy (Turbo Tax) Geithner he is doing the same damn shit with wall street. We are fucked people. Soon the credit swaps of 45 trillion will be the next hit and one that could take us all out.

[exenrontexas]

@votethemoutnow I agree that there is a major problem with the Obama economic advisors who at best have delayed paying the price for deregulation (Reaganomics). However, Obama is correct to blame it on Bush 43 AND Bush 41 AND Clinton and especially Reagan. How is it possible that America could put the son and the grandson of a Nazi in the WH without expecting major economic problems.

[rickbar123]

dear clinton

why did you sell us out????

[waypasthadenough]

Oh, I forgot, this is the propaganda broadcasting station's channel. Comments have to be 'approved.'

[robb1031]

@waypasthadenough

Well your Comment was approved so please enlighten us on how this is not true. we are waiting

[waypasthadenough]

There were many who were warning and who were ignored.

It's already 'fascism' and headed toward full blown communism. The sheeple and most 'patriots'/conservatives/truth­ers/paulbots/whatever will be willing slaves because they are unwilling to do what is required.

It will take many expensive suits hanging along Pennsylvania Ave. to fix this mess if it can be fixed.

Don't understand? Follow my links to the quotes page first. Then share and prepare.

[99rhetbaboons]

Astonishing.

[PacificNW326]

I second the FACT that Greenspan and his cohorts, yes cohorts, are protégés of Ayn Rand. That is beyond scary, but huge wake up call. What else of Rand do they adhere to? How many of their "friends" also follow Rand's philosophical views? And are any of them in positions of "power" now?

[lucki39284]

If only Tea Party activists knew who really was the blame for the bailouts, I'd join them. 30 years of deregulation starting with Reagan and ending with Bush brought us to our knees. President Clinton play a big role and we can't lose sight of that fact.

[sonygvf]

Well said sir.

[HapaLife]

The whole idea of government deregulation is a farce. Government has never been deregulated, they have always tried their hand in the economy, and the 80's,90's,00's were no different. Sorry to break your bubble but PBS is hardly a fair source of information, they rely on donors and there is a bias. This documentary (which I watched) is HEAVILY biased, and that is a fact. If you want me to I can break it down economically for you on how government housing regulations brought about the recession.

[HapaLife]

The notion that government was deregulated is a farce. Since the 1930's the government has always tried their hands at the economy (with deplorable results), the 80's, 90's, 00's were FAR FROM different. Sorry to break your bubble but PBS is hardly a reliable source, sadly, they rely on donations and they do maintain a bias. This documentary is HEAVILY biased. If you want me to I can break it down for you economically, how government intervention in the housing market brought about the recession

[KayInMaine]

Oh please. Government makes the laws and it's the greedy bastards on Wall Street/Federal Reserve who break the laws, take advantage of them, and look for the loopholes!

George Bush had Summers, Geithner, and Bernanke in place under him. Where was your outrage then? We liberal progressives have screamed for years about the housing market crash (starting in 2002!), CDS, derivatives, and other schemes/scandals (starting with Enron!) and we were called traitors and America haters.

[stickitupyourasteric]

they dont look for loophole if one isnt there they make it by changing the game.

[stickitupyourasteric]

Clinton was a governor not a federal reserve expert I think we can say the same thing for reagan and both bushs The wallstreet fleet of financiers big money led the country on its risky path Making money with nothing sold other then speculation is the path to exile. America lost its way when we allowed our companies to flee to Japan and China to make all our disposable goods WHO DIDNT SEE THIS COMING

[SupernautG]

@lucki39284 Clinton governed as a Republican on the economic side so his policies were Republican like when it came to deregulation. The unregulated free market advocates refuse to admit their ideology is a failure like the Communists refused to admit their system did not work. When faced with evidence of failure the commies blamed the USSR was not orthodox Marxist or not communist enough just like the unregulated free market cadres are claiming they should have had more deregulation, etc.

[TarasBulbaRides4ever]

my idea of saving the world would be,,,10,000 VODKA DRINKING, SWORD WAVING AMERICAN COSSACKS RIDING TO WALL STREET............you can imagine the rest, or see my movie on youtube.

[mprat001]

My "Committee to Save the World" would include Brooksley Born, Sheila Bair, and Elizabeth Warren--three of the people who saw this disaster coming and tried to do something about it. (Take THAT, Larry Summers, you pig. So much for your theories about gender differences--hey, maybe you DID have a point!)

[TarasBulbaRides4ever]

imagine Hollywood, remaking, "SEVEN DAYS IN MAY," this time with a populist inspired military coup, to give the country back to we the people !

[quicksite]

"why?", may I ask. Are you impressed with his skill -- or did he confess any of his sins?

[hurchel]

They totally repealed all the laws against white collar crime. It was like hurry you have twenty years to rape and pillage with fraud, overdevelopment...dignified employment for the sons of the poiliticians and upward military

[wervasdeferens]

Government of Goldman Sachs,for Goldman Sachs and by Goldman Sachs.

[TheGiantRobot]

It's so frustrating to hear people say everything was looking great. No, it wasn't. We were headed for disaster under Clinton and I saw that even though I was a novice investor. And many people saw that and made it plain, but they got little press and Greenspan ignored them. Well, maybe that's what this documentary will be about.

[voyeurdug]

Greenspan being an Ayn Rand fan is scary all by itself.

[JixMa]

God, I so hate these people. They totally undid all the gains that were made for the Middle & Lower Classes after The Great Depression. It's unbelievable how easy it was, too! Just bull***t your way into power promising "Vote for me & I'll fight for YOU!", then simply do the bidding of the rich, fat-cat elites that pay you to shut up, don't rock the boat & vote for THEIR interests. If U don't, they'll simply put in another lackey that IS willing to do their bidding. Democracy is such a big sham!

[pocoharum]

Frontline, the great equalizer.

[JonP1961]

@pocoharum

Indeed.

Months of research == Frontline == Investigative Journalism

Minutes of research == Fox == News

[bamboozlewatch]

Another great doc by PBS.