Inside Job - A Must-See Film
I just watched Inside Job.
You MUST see this film, ladies and gentlemen.
Inside Job is a film produced by Charles Ferguson, and narrated by Matt Damon. It details the chain of events that led to the recession in 2008, and the causes and effects of said recession.It also highlights the points of failure; one being deregulation of the financial industries; second being the introduction of derivatives; third being the lack of responsibility taken to rein in economists. These things, and more, all led up to the crisis we are living through as we speak; and to my perceptions, we are doing BUPKIS to end these practices.
Let me tell you a story of my youth.
I attended a very special class in high school, and we were visited by a personage who we will refer to simply as "TWSG". TWSG was appearing to our class to discuss the vagaries of the criminal justice system, and we began a very fruitful discussion, one I do hope most of my classmates have taken to heart.
The discussion eventually wound its way to the crime and punishment phase, where TWSG explained the sentencing as it related to certain crimes.
Of course, I chimed in with this: "If a guy steals one person's purse, he goes away for some time; but if someone steals the life savings of multiple people, usually there isn't any jail time, and they pay a fine. How does that keep them from commiting that same crime over and over again?"
My supposition here is that a crime of this sort is many orders of magnitude over a simple theft; and yet, the "punishment" does not fit. Any fines that are levied upon said perpetrator will be paid via their ill-gotten gains.
We never received, as far as I'm concerned, a satisfactory answer for my query.
Did you know that Ivan Boesky sued his ex-wife for monies he had bequeathed to her before his scam was undone?
Did you know that he WON?
I believe that the impetus of the case was this sentence: "I cannot live as a poor man."
It is shameful that there are those who thrive on the accrual of money in order to control others.
"Money should be a lubricant for trade, and nothing more."
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