[Peace-discuss] "Inside Job" -- at the Art today (2:30/5pm/7:30) and Thursday (7:30)

[David Johnson]

" the regrettable-but-necessary multi-trillion dollar bailout
that followed it "

Absolutely a GREAT film Stuart !

I rented it last week from the Champaign Library, and I have to say that it 
is not only great for it's info but is also one of the best produced 
documentaries that I have ever seen.

I however must beg to differ with your above statement about the bailout.

The government should have taken direct control and management over all the 
banks that were in financial trouble and AIG Insurance as well as Moody's 
and the other rating agencies that made the swindle possible.
They then should have disected all of the toxic assets from the good assets 
and let the rest fail with the only guarantee of financial support ( 
bail-out ) given to ; depositers, pension funds, and home owners. AND.... 
There should have been hundreds if not thousands of criminal investigations 
and convictions with jail time for those responsible for the fraud and 
damage to the economy.

The bail-out of GM is another case in point. The same management structure 
was left in place. None of GM's foreign assets were included in the equation 
as to rather or not GM was broke, and the Auto Workers had to pay for the 
financial problems that they did not create.
Instead, All of GM's assets should have been seized ( including the foreign 
assets ) and GM should have been made a worker owned cooperative with 
government loans and supervision for a few years until the company was 
stable.

David J.

----- Original Message ----- 
From: "Stuart Levy" <slevy at ncsa.illinois.edu>
To: <peace-discuss at anti-war.net>
Sent: Sunday, April 10, 2011 10:40 AM
Subject: [Peace-discuss] "Inside Job" -- at the Art today (2:30/5pm/7:30) 
and Thursday (7:30)


> There's a pretty good film, "Inside Job", about the engineering
> of the bubble that led to the 2008 financial collapse,
> the regrettable-but-necessary multi-trillion dollar bailout
> that followed it, the corruption of the field of economics, etc.
>
> It's at the C-U Art Theater today (2:30, 5pm, 7:30) and Thursday (7:30),
> though not on Mon-Wed.  Karen and I saw it yesterday.  Much of the 
> material
> will be familiar to peace-discuss readers, but it's well presented,
> and includes interviews with some key people (though many of those
> refused to be interviewed - a whole section of the film web site,
> insidejobfilm.com, is devoted to those who declined, several of whom
> are "serving" in the current Administration).
>
> Opens with a review of the bubble-and-collapse in the Iceland banks,
> which was just in the news yesterday as the Icelandic people voted
> not to take on the burden of debt those banks had spun up before 
> collapsing.
>
> Occasionally hilarious, as when Rep. Michael Capuano (MA),
> at a hearing where a bunch of principal banksters were testifying,
> said something like this:  "You say you're very sorry, and you
> won't do this again.  Well, several of my constituents have
> robbed several of your banks.  They too say they're very sorry,
> and that they won't do it again either."
>
> Of course, the bank robbers are in prison, and -- as the film points
> out -- there has been not a single criminal prosecution of the firms
> involved in the collapse.
>
> Hope you can see this film.
>
> The web site -- insidejobfilm.com -- is well worth perusing too.
>
> Includes a study guide aimed at classroom use,
>    http://www.sonyclassics.com/insidejob/_pdf/InsideJob_StudyGuide.pdf
>
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