Cleveland vs. (contre) Wall Street

On 11th January 2008, hired by the City of Cleveland, lawyer Josh Cohen and his team filed a lawsuit against 21 banks, which they held accountable for the wave of foreclosures that had left their city in ruins. Since then, the bankers on Wall Street have been fighting by with all available means to avoid going to court... The film is the story of that trial. A film about a trial that may never be held but in which the facts, the participants and their testimonies are all real: the judge, lawyers, witnesses, even the members of the jury -- asked to give their verdict -- play their own roles. Step by step, one witness after another, the film takes apart, from a plain, human perspective, the mechanisms of subprime mortgage loans, a system that sent the world economy reeling. A trial for the sake of example, a universal fable about capitalism.


www.clevelandcontrewallstreet.ch

Un participant au procès résume : d'un côté, quelques privilégiés ; de l'autre, des masses de candides. Rêvant d'un toit qui leur appartiendrait, de pouvoir payer des études à leurs enfants, un ordinateur, un bateau à moteur, de devenir plus riches malgré la stagnation des salaires. Au même moment, les banques avaient besoin de nouveaux clients. Elles encouragèrent donc les emprunts les plus divers. Et plongèrent dans la misère ceux qui ne purent plus les rembourser quand le marché de l'emploi (salaire) et celui de l'immobilier (prix escompté d'une revente éventuelle) se retournèrent.

Aux Etats-Unis, les banques ont été sauvées par l'Etat. Résultat : les adversaires républicains de M. Obama le qualifient de « socialiste »...

Serge Halimi
http://www.monde-diplomatique.fr/carnet/2010-08-20-Cleveland-contre-Wall-Street

Category:

News & Politics

Tags:

• Cleveland vs. Wall Street
• subprimes
• banks
• Jean-Stéphane Bron

[CultureAfficionado]

there's a Utube video showing Clinton/Dems ordering banks 2 issue subprime loans that started the housing collapse & bailouts