Flashback: The Making of our Current Financial Mess

[roxiejules]

Run time: 56:17 https://www.youtube.com/watch?v=H3HmV43Zs-M   Posted on YouTube: May 21, 2011 By YouTube Member: matsubara97 Views on YouTube: 2482   Posted on DU: July 17, 2011 By DU Member: roxiejules Views on DU: 785

 
FRAUD caused the Great Depression and it has caused the current financial crisis.



http://georgewashington2.blogspot.com/2011/07/theres-no-recovery-because-government.html


Those in executive suites at the top of that chain have long since fled the scene with the proceeds, while bleeding shareholders, investors, homeowners, and ­cashiered employees were left with the bills.



"What haunts the Obama administration is what still haunts the country: the stunning lack of accountability for the greed and misdeeds that brought America to its gravest financial crisis since the Great Depression. There has been no legal, moral, or financial reckoning for the most powerful wrongdoers. Nor have there been meaningful reforms that might prevent a repeat catastrophe. Time may heal most wounds, but not these. Chronic unemployment remains a constant, painful reminder of the havoc inflicted on the bust’s innocent victims. As the ghost of Hamlet’s father might have it, America will be stalked by its foul and unresolved crimes until they “are burnt and purged away.”

- Frank Rich 7/3/11





Please revisit the PBS documentary: The Warning

The secretive, multitrillion-dollar derivatives market whose crash helped trigger the financial collapse in the fall of 2008.



TRANSCRIPT: http://www.pbs.org/wgbh/pages/frontline/warning/etc/script.html

[PA Democrat]

1. K & R.

[Ruby the Liberal]

2. Well worth watching again.

Thanks for adding it!

K&R

[roxiejules]

3. It is easy to forget...

but absolutely essential to remember what happened!

[white cloud]

4. Excellent

Thanks

[roxiejules]

5. Welcome!

n/t