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I just saw Inside Job....................... sickening.

Zeze

Zeze

Lifer
http://www.rottentomatoes.com/m/inside_job_2010/

Man, I'm sickened by it and it's really sobering to affirm my conviction that anyone is a greedy human at the end of the day (or START of the day).

How can ANYONE believe in deregulation of corporations and blindly trust their 'self-regulation'? Corporations aren't a magical entity. They're are GREEDY PEOPLE like YOU and ME reading this now.

Everything is corrupt from bottom up- predatory mortgages, investors that sell the portfolio, AND the 'independent' S&P & Moody CREDIT agencies that are paid to give them triple A credit.

AND the government that turn a blind eye because of major contributions wall st. provide and their powerful lobbying.

It's corrupt all the way.

What's sickening is that the documentary has little to no effect. It's just a Tuesday night entertainment and all I'll do is to vent on ATOT about it.

Sick.
 
Take a deep breathe OP, it will be okay.

Seriously though, trusting the government to fairly regulate isn't a much more attractive option either. People will get screwed either way, its life.
 
SockHaser said:
Take a deep breathe OP, it will be okay.

Seriously though, trusting the government to fairly regulate isn't a much more attractive option either. People will get screwed either way, its life.
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Someone in this forum said it best. Today's government is far far from representing people. It's all a clusterfuck of conglomerates & politicians jerking each other off with money.
 
Everyone wants power and money. Some seek it by controlling powerful, unregulated corporations. Others seek it by controlling an all-powerful central government. Same difference in the end.
 
SockHaser said:
Take a deep breathe OP, it will be okay.

Seriously though, trusting the government to fairly regulate isn't a much more attractive option either. People will get screwed either way, its life.
Click to expand...
Particularly when the ones allegedly in charge of doing the regulating are good friends with the ones who are causing the problem.

(I guess that's what makes it an "inside job", eh? 😎)


Problem is, what's to be done about it, besides citizens forcibly removing these people from their positions of power? The only people who are going to be able to get into a position where they could implement changes to prevent this sort of corruption are going to be people who won't do anything about it. Anyone with a shred of a code of ethics will be filtered out long before they'd be able to even approach a position with influence.
Those who have the wealth and power aren't going to want anyone to get in the way of the acquisition of even more obscene amounts of wealth and power. For example, if there was someone running for president who was genuinely in favor of implementing some changes, he'll likely not see much in the way of campaign donations or bribes (damn near the same thing anyway). So, no money = no nationwide campaign = "Wait, who? I've never heard that name before."

It's funny. You mug a person and steal $50, you can get some jailtime.
Steal billions of dollars from millions of people, and you get billions more in government bailouts.
The system works.


'Inside Job' is the first film to provide a comprehensive analysis of the global financial crisis of 2008, which at a cost over $20 trillion...
Click to expand...
And just think, the cost of post-tsunami rebuilding in Japan is currently estimated at somewhere around $300 billion.


Zeze said:
Someone in this forum said it best. Today's government is far far from representing people. It's all a clusterfuck of conglomerates & politicians jerking each other off with money.
Click to expand...
I recall reading or hearing somewhere that nearly 50% of Congress is millionaires.
The things they think they know about the problems faced by the lower and middle classes are probably based on conjecture and guesses.
 
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Zeze said:
It's corrupt all the way.

What's sickening is that the documentary has little to no effect. It's just a Tuesday night entertainment and all I'll do is to vent on ATOT about it.

Sick.
Click to expand...


ever studied the jfk assassination cover-up? (see sig)
or 9/11?

enjoy!
 
SSSnail said:
Greed, for the better lack of words, is good.
Click to expand...

Greed may be "good" but only in moderation, as are most things.

Those of us who had a front row seat to the whole Enron debacle weren't surprised by much that has come out about the so-called "finanacial melt-down". The California energy crisis was largely the result of poorly designed and loosely regulated wholesale power markets where unscrupulous traders were manipulating prices and selling complicated products (that supposedly reduced risk) that buyers really didn't understand well.

Substitute "mortgages" for "power" and you have described the "financial melt-down".

Sadly, in both cases, the government agencies that might have put an earlier stop to the rampant bad behavior were too weak (because of our blind belief that "free enterprise" is the answer to all problems) and/or too incompetent (regulators generally not being "the smartest guys in the room").

This will happen again. :'(
 
Here's a bummer:

Farm production is the next one of these bubbles... The price of food and the subsequent fall in price and lack of production is going to suck bad.
 
PowerEngineer said:
Greed may be "good" but only in moderation, as are most things.

Those of us who had a front row seat to the whole Enron debacle weren't surprised by much that has come out about the so-called "finanacial melt-down". The California energy crisis was largely the result of poorly designed and loosely regulated wholesale power markets where unscrupulous traders were manipulating prices and selling complicated products (that supposedly reduced risk) that buyers really didn't understand well.

Substitute "mortgages" for "power" and you have described the "financial melt-down".

Sadly, in both cases, the government agencies that might have put an earlier stop to the rampant bad behavior were too weak (because of our blind belief that "free enterprise" is the answer to all problems) and/or too incompetent (regulators generally not being "the smartest guys in the room").

This will happen again. :'(
Click to expand...

What do you mean "again"? It's happening NOW!

Look at every single oligopoly right now from internet services to utilities to commodities to energy. You are OBLIGATED to spend more, no choice. Free market? HAH! Yup, you're free to use it, or have no other choices.

That's it, bend over, and smile. You're already used to it, been conditioned to take it as it comes. What's a little more right?
 
Zeze said:
How can ANYONE believe in deregulation of corporations and blindly trust their 'self-regulation'? Corporations aren't a magical entity.
Click to expand...
I suspect, much in the same way that ANYONE would NOT be able to spot a one-sided advocacy piece that doesn't even make any pretense that it was not taken straight from Moveon.org's accounting or view of things. Even enlisted some of Moveon.org's most well-known activists and supporters: Barney Frank, George Soros, Eliot Spitzer, Matt Damon...among others.

Ever see the 'fair and balanced' documentaries by that non-partisan mainstream centrist film-maker Michael Moore? You would love them! 😵
 
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Elias824 said:
This should probably go in P&N
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naw this is plain ol corruption, the guys that were talking big were paid chumps and the rest were criminals, unless your political ideology approves of dishonesty, then there is nothing political about this. mostly that film was filled with are you sh*tting me moments.


here is a more recent thing
http://sherriequestioningall.blogspot.com/2011/04/60-minutes-expose-on-fraudclosure-banks.html
imagine someone paid you 10 bucks an hour to sign fake foreclosure documents as a bank president so the banks could have documents for court proceedings...sh*t is impossible? nope...
 
So, tcsenter, you truly believe in the concept that corps. and industry can be completely trusted to self-regulate and self-police themselves without oversight from somewhere?

If so, I've got a Ford Pinto I'd just love to sell you......cheap.
 
Meghan54 said:
So, tcsenter, you truly believe in the concept that corps. and industry can be completely trusted to self-regulate and self-police themselves without oversight from somewhere?

If so, I've got a Ford Pinto I'd just love to sell you......cheap.
Click to expand...

I don't believe he ever said that he 100% believed that corporations would always do the right thing. He just pointed out that this documentary was produced by a group way off to one side, meaning that it's almost guaranteed that they won't fairly consider both sides. Watching that and assuming that you're getting the whole story is about as bad as watching Glenn Beck and assuming he's not putting a spin on the news.

In most cases like this the truth lies somewhere between what each side is saying, listening to just one side probably isn't going to tell you the whole story.
 
Bignate603 said:
I don't believe he ever said that he 100% believed that corporations would always do the right thing. He just pointed out that this documentary was produced by a group way off to one side, meaning that it's almost guaranteed that they won't fairly consider both sides. Watching that and assuming that you're getting the whole story is about as bad as watching Glenn Beck and assuming he's not putting a spin on the news.

In most cases like this the truth lies somewhere between what each side is saying, listening to just one side probably isn't going to tell you the whole story.
Click to expand...

Excepttttttttt this isn't a political debate. It was a documentary on a factual global financial crisis that we went through. And no one denies how and WHY it happened.

You cannot put a spin on that in any way. How can you? Wall st. caused it.
 
Meghan54 said:
So, tcsenter, you truly believe in the concept that corps. and industry can be completely trusted to self-regulate and self-police themselves without oversight from somewhere?
Click to expand...
Irrelevant. The point is that someone so obviously lacking themselves in sophistication that they can't even spot a one-sided agenda driven "documentary" that carefully guides the viewer to uncritically accept the conclusions the film-maker wanted them to find, isn't exactly in any position to look-down upon those who uncritically accept something he believes to be stupid and unsophisticated (whether it is or not). Pot, meet kettle.
 
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Zeze said:
How can ANYONE believe in deregulation of corporations and blindly trust their 'self-regulation'? Corporations aren't a magical entity. They're are GREEDY PEOPLE like YOU and ME reading this now.
Click to expand...

The government isn't a magical entity. They are GREEDY PEOPLE like YOU and ME reading this now.
 
I refuse to watch this because every time I watch/read anything about the ludicrous American corporate environment I get unnecessarily angry.
 
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