Too bad President Obama did not see this documentary when he came into office... As late as February of 2010, President Obama was willing to publicly express his admiration for Jamie Dimon, CEO of JP Morgan, Chase and Lloyd Blankfein of Goldman Sachs when questioned about their multimillion diollar bonuses...
“I know both those guys; they are very savvy businessmen,” Obama said in the interview yesterday in the Oval Office with Bloomberg BusinessWeek... “I, like most of the American people, don’t begrudge people success or wealth. That is part of the free- market system."This appeared in the Feb. 2010 edition of Bllomberg Business Week.
Unfortunately, for those of us in the USofA, it's a new series on CANADIAN public television. This is the link to the FACTS Page of the series website. .
UPDATE - Thx Lepanto -Meltdown on YouTube
I am fortunate enough to live in Seattle and my local basic cable has CBC channel... which is why I am watching the first episode of this hard-hitting, no punches pulled series that pins the tails on all the de-regulatory, free-market jackasses and charlatans who rigged the financial regulatory laws and agencies to let the bankster jackals run free in markets around the world.
Here is the series intro...
Doc Zone has traveled the world - from Wall Street to Dubai to China - to investigate The Secret History of the Global Financial Collapse. Meltdown is the story of the bankers who crashed the world, the leaders who struggled to save it and the ordinary families who got crushed.
September 2008 launched an extraordinary chain of events:
General Motors, the world’s largest company, went bust.
Washington Mutual became the world’s largest bank failure.
Lehman Brothers became the world’s largest bankruptcy ever:
The damage quickly spread around the world, shattering global confidence in the fundamental structures of the international economy.
The CBC’s Terence McKenna takes viewers behind the headlines and into the backrooms at the highest levels of world governments and banking institutions, revealing the astonishing level of backstabbing and tension behind the scenes as the world came dangerously close to another Great Depression.
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