"plunder:the crime of our times" --

[niyad]

this is being shown on linktv (scheduled airdates at link: http://www.linktv.org/programs/plunder-the-crime-of-our-time

Plunder - The Crime of Our Time

a "crashumentary" by danny schechter

Plunder: The Crime of Our Time is a hard-hitting investigative film by Danny Schechter. The "News Dissector" explores how the financial crisis was built on a foundation of criminal activity uncovering the connection between the collapse of the housing market and the economic catastrophe that followed.

The film opens with the conviction of Ponzi King Bernie Madoff, whose acknowledged criminality drove a $65 billion dollar pyramid scheme. It argues that the wrong doing committed by a few individuals distracts from the real story, implicating the best-known institutions that financed and profited from fraudulent sub prime lending. This connection is now being investigated by the FBI as part of a probe into what it calls a "fraud epidemic."

PLUNDER shows how these firms created special securities to repackage and resell these dubious loans after they were re-rated as Triple A. These firms then bet against many of these toxic assets with credit default swaps and other insurance scams. By leveraging these investments, they recklessly put trillions of dollars and the world economy at risk.


(if you haven't seen this yet, I urge you to watch--a real eye-opener, including the behind-the-scenes actions that toppled bear stearns)

[prairierose]

1. Thanks for the heads up....

I have been wanting to see this.

[niyad]

3. you are most welcome-- I am glad it is on at various times--I can only take it in small doses,

because the sheer magnitude of the crimes, the corruption, the contempt, is almost too much to take in all at once (and my neighbors get really annoyed when I start yelling at the tv)

[G_j]

2. trailer

http://www.youtube.com/watch?v=qDnoxBT675U&feature=player_embedded

[niyad]

4. . .