No actually it's more than 20 years.
The same thing can be and was said in 1989.
Another massive coverup "YOU" paid for.
Another carbon left imprint by the Bush family.
As co-author of a similarly titled book, I must comment. We wrote Inside Job: The Looting of America’s Savings and Loans in 1989. And reading this newest iteration of such, I have to say, not @#$% thing has changed. Congress is still asking the same questions: “Where were the auditors?” and “Where were the regulators?” And the answers are the same as well. The auditors and rating agencies, were on the take. The regulators were both asleep at the switch and actively discouraged from doing their job by politicians and industry groups. Now I await the third iteration of Inside Job. Stephen Pizzo.Reply.
The collapse of Lehman Brothers in September 2008 sparked a global financial crisis that pushed the U.S. economy into the worst recession since the Great Depression. Two years later, billions upon billions of taxpayers’ dollars have been spent on government bailouts to save the banks that started the contagion, yet not one person has been held accountable or slapped with criminal contempt.
In his new documentary Inside Job, filmmaker Charles Ferguson ,spoke to some of the biggest names from Wall Street to Washington to academia to get a first hand account of what caused the 2008 financial meltdown and how the financial system reach its breaking point.
Ferguson points to 20 years of deregulation, rampant greed (a la Gordon Gekko) and cronyism. This cronyism is in large part due to a revolving door between not only Wall Street and Washington, but also the incestuous relationship between Wall Street, Washington and academia.
