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davidpdx

(22,000 posts)
16. I have seen it and it is a good documentary
Sat Apr 7, 2012, 06:26 AM
Apr 2012

It points out how the repeal of Glass-Steagall in 99 led to the large banks merging with investment firms, insurance companies, etc. In all fairness to your "friend" (I am not completely in agreement with them by the way) Obama did appoint quite a few Wall Street people, but it was after the fact. I do agree it is hard to defend Obama on those appointments.

As an aside, I actually teach business in China and showed my students the film. I (being the good teacher I am) went online and found the English subtitles and then went through the entire movie and picked out words (especially financial terms) that I thought were too difficult (some of which as a doctoral student even I didn't know, but I hate finance). My angle was that this effected everyone not just the US. There were some scenes from a factory in China and an interview with a Chinese woman who spoke pretty decent English. Needless to say most of them weren't interested, which is sad.

The Chinese in general take very short term views of things and don't look into the future. They believe they'll be able to sustain high growth, but it won't happen. Not with the world economy slowing for the last few years. Things are just starting to pick up again, so it will take time for people to buy things which means jobs everywhere will be hurting.

Ok, so I went way off topic. It's just that the movie did interest me.

supreme court. i had my answer before reading your post seabeyond Apr 2012 #1
has anyone seen this movie? Enrique Apr 2012 #2
I haven't, but it had something to do with Flying Squirrel Apr 2012 #6
No. It was primarily about buSh appointees and their negligence and cronyism. geckosfeet Apr 2012 #7
Well, that at least is good. Flying Squirrel Apr 2012 #8
Perhaps you should amend you previous post? It is misleading. I am sure that was not your intent geckosfeet Apr 2012 #9
I could, but Flying Squirrel Apr 2012 #10
i watched Inside Job, and it cited the repeal of Glass Steagall regulations in '99 as a factor. alp227 Apr 2012 #12
Yes, the repeal of Glass-Steagall was the vehicle davidpdx Apr 2012 #15
Yep. Clinton signed it. But geckosfeet Apr 2012 #20
Good for you. pennylane100 Apr 2012 #3
God, tell her to stop watching Hollywood movies and do some objective research into gateley Apr 2012 #4
Inside Job was a documentary not a fictional film. alp227 Apr 2012 #13
I know, but tweaked for Holllywood, I'm sure. It presented the picture it wanted gateley Apr 2012 #18
The outrage is not that there was a bailout, the outrage is that we had to bail them out... roseBudd Apr 2012 #5
Agreed alcibiades_mystery Apr 2012 #11
Except it would have been much worse grantcart Apr 2012 #19
Um, the choice is between (arguably) mildly offensive (Obama) and coalition_unwilling Apr 2012 #14
Greedy militaristic bastards vs. Batshit crazy theocratic homicidal maniacs Hawkowl Apr 2012 #21
I have seen it and it is a good documentary davidpdx Apr 2012 #16
Obama is cozier with Wall Street than I would like Cosmocat Apr 2012 #17
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