Unapologetic insolence from an aging subversive

Unapologetic insolence from an aging subversive

Saturday, 22 October 2011

The men who crashed the world

This four-part production by CBC (Canada) is available (amongst other places) from Al Jazeera English live.
It should be required viewing for self-funded retirees, or anyone who has funds invested in shares or real estate.

It reveals how, during the GFC, the behaviour of many senior financial executives on Wall Street and in The City (London) would have been more appropriate in a casino.
It also explains how billions of dollars of American taxpayers' money was used to get these same financial executives off the hook.

The biggest welfare cheque in history ($US700 billion) was written to Wall Street.
It is timely in the light of the Occupy Wall Street movement.

When you consider the collateral damage caused by this meltdown it makes you wonder why the reaction has been so muted.

It also shows that whilst we live in a democracy, must of what effects us daily in the financial world is the result of the amoral behaviour of individuals whom we don’t elect, who live on the other side of the world, and don’t give a stuff about anything except the almighty dollar.

We have world government – but it has nothing to do with the United Nations. The international financial sector runs the show.

They're doing a very poor job of it.....

Go here to watch the first episode -

The men who crashed the world - Meltdown - Al Jazeera English

1 comment:

cav said...

Greed is right, no not right in itself, but it was the reason for the GFC.

And nothing's changed!

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