Monday, March 14, 2011

Best Documentary

Yesterday was movie night: "Inside Job".  It won the academy award for best documentary.  It tells the story of the financial crisis clearly.
It is not just disturbing that none of these people went to jail.
Three of them are now:
#1 is the President of Harvard University & on the board of I think Chase or Citicorp or both.
#2 is the Head of Columbia University's Business School.
#3 is a professor at Stanford.
Their rationalizations:   "I was just giving my opinion"; "It's part of my ideological belief".  They rated Iceland  AA, 2 days before the country collapsed and were paid over $100,000 for that opinion.  Iceland's banks lent 10x the national GNP to people who went out and bought 25 million dollar yachts.  So now these 'advisers' are all in academia teaching the next generation.
"Baby you're a rich man
Baby you're a rich man, now
You keep all your money in a big brown bag inside the door
What is it for"?
The B side of "All You Need is Love" by Lennon/McCartney.

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