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Wednesday, 10 November 2010
quote [ Charles Ferguson’s meticulous and infuriating documentary about the causes and consequences of the financial crisis of 2008... “Inside Job,” a sleek, briskly paced film whose title suggests a heist movie, is the story of a crime without punishment, of an outrage that has so far largely escaped legal sanction and societal stigma. ]
Infuriating indeed. Professors "teach", write, and "earn" millions in fees without conflict of interest disclosures. Nice. More links in extended.
Hard to know what to link for this. NYT main link is a pain but you can sign on with SO=factsuser and PW=factsuser or use www.bugmenot.com.
[politics] [by maryyugo@6:37pmGMT] [+2] PBS link is to main page Blog: http://www.insidejob.com/ Pestiferous obnoxious Sony flash site (may they rot in hell) about the movie: http://www.sonyclassics.com/insidejob/ Official trailer on Youtube: http://www.youtube.com/watch?v=FzrBurlJUNk From PBS's program "Here and Now" a pretty good summary (and a scathing interview but I don't know if that's available for replay): "Who put millions out of work, destroyed hundreds of billions of dollars in net worth, nearly toppled countries and the world economy? In the new documentary, “Inside Job,” filmmaker Charles Ferguson says business school and economics professors share the blame. In addition to out-of-control Wall Street financiers and asleep-on-the-job regulators, Ferguson’s documentary shows how some professors played a key role in the crisis by lauding financial industry practices that weren’t working, as they took home millions from Wall Street firms." |
Comments
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f00m@nB@r
said @ 7:35pm GMT on 10th Nov
http://newsjunkiepost.com/2010/10/08/its-official-more-private-sector-jobs-created-in-2010-than-during-entire-bush-years/ |
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maryyugo
said @ 7:44pm GMT on 10th Nov
Uhhun. And what is the *true* (not the misleading reported number on employment insurance) number of people in the US looking for and unable to find a job? How about those who can't find a *skilled* and *decent paying* job they're trained for? Hunh? |
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Chop-Logik
said @ 8:00pm GMT on 10th Nov
These wheezy disapproving sounds you're bookending your ideas with do nothing to further your arguments, by the by. |
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maryyugo
said @ 8:31pm GMT on 10th Nov
[Score:-1 WTF]
Whhhhhhhhhhhhhhhat? |
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Krutz
said @ 8:01pm GMT on 10th Nov
Those numbers haven't been reported for decades, long before Bush got into office, so nice try. |
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maryyugo
said @ 8:31pm GMT on 10th Nov
Oh, I love that excuse. Wonderful. +1 original. |
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maryyugo
said @ 8:35pm GMT on 10th Nov
So if I understand you, it's OK if we gain some jobs and lose three times as many as we gain. Or if we exchange engineering and production jobs for hamburger flippers at MacDonald and greeters at Walmart, that's fine too. That sure redefines progress. |
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Krutz
said @ 9:05pm GMT on 10th Nov
No, it's that you seem to think the numbers under Bush weren't subjected to the same shenanigans as the ones under Obama. Further, how would you gather those numbers? Compare educational degree to position held, or would you trust people to accurately report that the job they had was, indeed, everything their BA in Art History should be providing for them? |
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maryyugo
said @ 9:46pm GMT on 10th Nov
What bullshit. Who said Bush didn't pull the same deception or worse? What's shameful is that Obama does. Remember what he ran on? Of course you don't. What duplicitous horsemanure. You gather the numbers the same way as you do any other-- by an impartial group of researchers doing polling and studies. It's not exactly rocket science. It costs a bit of money and takes some time. Very doable. |
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maryyugo
said @ 9:50pm GMT on 10th Nov
And your duplicity would be amazing if it were not so consistent. The point I made is that new jobs created means absolutely nothing-nada-zip. Unemployment in this country is rampant and disastrous. People with college degrees who are willing to take any job they can are being forced out of their legitimately purchased and financed homes and cast out to friends and relatives or out on the street with their families. All of this was done to enrich a moderate number of bloated and undertaxed criminals in real estate, banking, investment banking, hedge funds, large brokerages and the like. These people should have been prosecuted, forced to disgorge their illgotten gains and jailed. Unfortunately what they did was probably not illegal due to deregulation and laissez faire. That's hard or impossible to recoup but blatant lying about unemployment by even suggesting that the Obama administration has been effective in stemming unemployment and the outsourcing of jobs is dishonest and harmful. |
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LethalFlatulence
said @ 6:43am GMT on 12th Nov
Weren't you one of the people saying things like "If you can't afford a house you shouldn't have bought one" and things like that? I'm pretty sure you were, but I'm confused because you seem to be saying the exact opposite now. |
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tiemy
said @ 11:12pm GMT on 10th Nov
A college degree doesn't entitle you to a job, let alone a living wage? You realize how many fucking people don't have a *high school degree* in this country? |
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lilmookieesquire
said @ 9:09am GMT on 11th Nov
Actually I have little to no idea. |
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Krutz
said @ 8:20pm GMT on 10th Nov
[Score:1 Funny]
Also, this seemed appropriate:  |
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maryyugo
said @ 8:33pm GMT on 10th Nov
This isn't about Obama but while we're talking about that, it seems his choice of advisors for financial issues is frighteningly similar to Bush's. And with much the same results. |
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Krutz
said @ 9:06pm GMT on 10th Nov
This isn't about Obama... I direct you to your reply that began with the eloquent "Uhhun." |
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maryyugo
said @ 9:52pm GMT on 10th Nov
Where do you see Mr. Obama mentioned by me in that post? Perhaps you can read invisible writing and read minds now in addition to your other obvious talents such as lying and misleading? |
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crom
said @ 8:37pm GMT on 10th Nov
[Score:1 Insightful]
If you replace your *s with <i> and </i> your italics will actually show up as italic instead of just *pretend* italic. |
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maryyugo
said @ 9:56pm GMT on 10th Nov
[Score:2]
 |
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Ankylosaur
said @ 10:05pm GMT on 10th Nov
<*>IT REALLY WORKS!</*> |
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azazel
said @ 7:46am GMT on 11th Nov
* is generally for bold, not italics. Not sure what's used for italics, but I think it's _. |
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tiemy
said @ 11:09pm GMT on 10th Nov
[Score:1 Underrated]
Even if we pretend this is intellectually honest, which it obviously isn't, what is this supposed to mean? Are we meant to be impressed with 2010 job creation totals smaller than what was lost than a single month in that year? With numbers that are far, far below what's necessary to even begin to curb mass unemployment as proof that Obama's economic policies -- fundamentally indistinguishable from the Republicans' as ad naseum recitation of "free market" gospel -- are actually working? If you put aside the idiotic commentary motivated by partisan considerations, the numbers involved here are really a stunning indictment of American capitalism. The private sector in this country employs fewer people -- at considerably less pay -- than it did ten years ago. |
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lilmookieesquire
said @ 4:02am GMT on 11th Nov
private sector in this country employs fewer people -- at considerably less pay -- than it did ten years ago. Yes. This. |
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Betty
said @ 4:34am GMT on 12th Nov
I watched this movie i DC It was a good documentary., I highly recommended. It very fair in its coverage of the factors leading up to the crisis and the response afterwards |
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sanepride
said @ 9:25pm GMT on 10th Nov
[Score:1 Funny]
Have you actually seen this movie or are you making all of these grand judgments just based on reading the NY Times review of the movie? I love how you headline this post with this astonishing revelation that 'Professors Share Blame For Wall Street Crash', as though they have some equal responsibility with investment bankers and policy makers. In the review they are mentioned as more of a casual aside, near the very end: In addition to business and government, Mr. Ferguson aims his critique at academia, suggesting that the discipline of economics and more than a few prominent economists were corrupted by consulting fees, seats on boards of directors and membership in the masters of the universe club. This critique is not exactly the equivelent of 'sharing blame' for the economic meltdown. |
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maryyugo
said @ 10:15pm GMT on 10th Nov
I didn't see the movie yet. I did hear a long interview with the author on PBS in which, as is usual in these interviews, newer and very timely information was discussed. I am hoping a podcast or recording will be available on the main link. I was not able to find one but did not have time to look very much. |
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Betty
said @ 4:34am GMT on 12th Nov
i highly recommend it. |
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