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Inside Job Review

I've known something has been terribly wrong with the system, but I could never understand in what way. I understand now, thanks to this link Endemic criminal behavior of the political and financial class that [info]nebris asked me to watch. In a way, I wish I had never seen it, because by watching the video, I find, with broken heart, that I have now lost all faith, hope and trust in my government. Now I fully understand what was meant in Matthew 19:24, where it's written that "It is easier for a camel to pass through the eye of a needle, than for a rich man to enter into the kingdom of heaven."

Please watch the Endemic criminal behavior of the political and financial class video. It will take you about 1 1/2 hour to watch. It explains completely how the banks that were allowed to loan out OTHER PEOPLE’S MONEY made hundreds of millions in profit in this American ponzi scheme. Knowing all along that this artificial bubble created by the bankers, Wall Street and Washington would eventually collapse. Why were the banks bailed out and not the middle class people who lost their retirement, savings, and homes? These days our government is only looking out for their political contributors and their agenda. We need to start getting money out of politics and stop allowing lobbyists in Washington.

Congress and the Senate is big business, these people are representatives for the highest bidder and not the people who elect them into office. Politicians are nothing more than paid servants for the wealthy and this documentary proves it, passing laws and turning a blind eye all in the name of money.

If you take the time to watch this video, I'd like to know what your thoughts are about it.


Moveon.ORG


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Comments

( 14 comments — Leave a comment )
donchep
Dec. 2nd, 2011 01:36 am (UTC)
What people need to understand is how by allowing banks to venture into wall street they were playing fast and furious with their customer's funds. Glass-Steagall act of 1932 put an end to that by prohibiting banks from playing the market with the depositors funds. And the Gramm–Leach–Bliley Act of 1999 repealed a major provision of that act by allowing holding banks to buy other institutions and allowing banks to act as holding companies, insurance companies, and finance institutions at the same time. This is why we had the sub-prime crisis. When an institution can make money by selling derivatives (insurance against transactions, etc) they can lend to ANYBODY without worries. They secure the loans with a hedge and easily sell off the debt to anyone they want with interest rates to change without notice (conditions of the loan). Everyone in government at the time is to blame. Phil Gramm (mr "nation of whiners" and Mccain's economy guy) and President Clinton himself who signed it into law. There are no heroes in this other than maybe Kucinich, who always fights for the little guy.
playgirl
Dec. 9th, 2011 06:22 pm (UTC)
History repeats itself...
The various laws that congress has enacted through out the years have done nothing to protect the people of our country. In the end of it all after millions of dollars are lost and millions made, fingers get pointed and no one gets arrested. The savings and loan crisis of the 1980s and 1990s (I think one of the people involved in it was Jed Bush) should have put an end to this kind of scam. The savings and loan crisis led to the largest budget deficit in the 90s, dropped home values and upped home foreclosures. Regardless of what the lawmakers do, there will always be corruption because lawmakers and scholars can always be bought.


uglyface2
Dec. 2nd, 2011 05:15 am (UTC)
I'm not watching this movie until you do two things:

1. Watch this. (Go ahead, it's got Keith Olbermann in it.) It's very dangerous legislation, and it needs to be brought to people's attention.

2. Make a statement on SOPA and PROTECT-IP. These things are set to fundamentally destroy the Internet. Part of your income is Internet-based, and I'm staggered you haven't said anything about them.

Then, and only then, will I watch this.
nebris
Dec. 2nd, 2011 12:30 pm (UTC)
I'm staggered you haven't said anything about them.
I said earlier this evening, "The individual tends to be too busy surviving to even notice. And the complexity of the modern world is beyond the grasp of most individuals. I personally bring a half century of study to the table and my days are largely free to research and examine, yet even I cannot keep track."

This also why I believe that Mass Democracy has failed. The Corporate State can slide evil shit like SOPA and PIPA past the general pop without the blink of an eye.

~M~
donchep
Dec. 4th, 2011 04:30 pm (UTC)
This is an example of the hypocrisy of the pro-corporate "de-regulation" that Congress loves. De-regulation is only wonderful when it benefits the lobbyists who fill their campaign war chests. But introduce a bill that somehow let's the government interfere in way that allows them to virtually control the internet for the benefit of a major multi-billion dollar industry then it's ok.
Ideology has to be put aside on this. Stopping online piracy is not the issue people have with this it's the over reach of the legislation and the degree of power it gives the government over something WE can never let them control.
playgirl
Dec. 9th, 2011 06:16 pm (UTC)
SOPA PROTECT-IP
I tried to view the video, but couldn't because it says it's private and need a password.

I didn't know about SOPA and PROTECT-IP.

After reading it, I find it is yet another way to control what people see and read on the internet. Seems like they're trying to copy China, who has a similar system, they moderate what their people can see and read on the internet. China is also communist!
uglyface2
Dec. 9th, 2011 08:54 pm (UTC)
Re: SOPA PROTECT-IP
Well, crap.

Alright, the video was about The National Defense Authorization Act of 2012. Here's an opinion piece on it. Since I posted the video, it has terrifyingly passed the Senate by... well, you'll see the margin.
nishar
Dec. 5th, 2011 12:24 am (UTC)
The Livberty Lobby was talking about this stuff back in the early 90's. Reading about the illuminati, starting with funny stuff from Peter Jackson games, headed me in the right direction. This country is going down the tubes and it's the fault of the Federal reserve, Wall Street and the American public's stupidity.
playgirl
Dec. 9th, 2011 10:55 pm (UTC)
I think so, too. I don't feel there's anything we can do about it, since we can't compete agains big money, and that's what it has all come to, MONEY.
nishar
Dec. 10th, 2011 12:50 pm (UTC)
Don't lose hope my friend. The elites are not very happy right now. Yhe Tea Party/Occupy Wall Street movements, the Arab Spring, the internet and various militias have them woried that their hold on power is slipping. That is why they are trying to get an internet kill switch created and are ramping up police state powers. Our country is ripe for rebellion... or at least a real third party.
ubet_cha
Dec. 6th, 2011 01:44 am (UTC)
tep for you. Our government business is to rent out influence, so the tax code benefits, as well as the federal regulations benefits the people willing to throw out the cash and business is very, very good. For the past for years you’ve been enamored with the DNC for some reason when they’re just as dirty/slimy as the GOP.

Do you know that not one person has been convicted for fraud following the collapse in the fall of 2008? Countrywide that ole’ mortgage company that helped start our recession made illegal 2% loans to many congressmen, most of them Democrats ( That we know about) and it does beg to question about how honest our government is. Do you know that Barbara Boxer had 6 ( SIX) mortgages with Countrywide either directly or with her son when she was supposed to be investigating them?

Those Occupy Wall St guys that you have been so fond defending the past month do whatever they can to get on the news. Including throwing bottles & insults at police. Go ahead look it up. I am part of the 99% and those pieces of shit don’t speak for me. Why? In part because they’re funded by moveon.org a wing of the DNC.

Mostly because I believe in ‘civil’ disobedience that is not BOUGHT and protest.

Do you want to discuss how your president is the only one in history to order the assignation of two American citizens? Do you want to talk about how he has blatantly abused executive priviledge the past 3 years or how many civil liberties you personally lost since he took office?


Our government is dirty. It isn’t transparent and it is arrogant beyond belief. Please wake up & stop being played. Most of your posts this year could have been written by a junior DNC spin doctor. Neither of the big parties are honest or ethical. Its up to us to vote the incumbents out so they stay honest.

Stay on track. Please.
playgirl
Dec. 9th, 2011 11:09 pm (UTC)
I now know all these things you've mentioned are true, as I also know there's nothing we can do about it. How can we compete against big money? Not even the demonstrators whom I'm for, can change the corruption that's taken over this country. There will always be a few rotten apples, and this is the case with the Wall St demonstrators. The same goes with cops; most are truly good cops, but there are always a few rotten ones.

As for keeping on track, how can I when the world has gone totally insane, and when I know this country will be no more, and what frightens me even more is, that the top 1% don't give a damn.
nebris
Dec. 10th, 2011 04:05 am (UTC)
The Final Indignity, the Last Insult, the Real America
( 14 comments — Leave a comment )

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