It’s a damn shame that Europe has to wag a finger at the U.S. for its failure to reign in the insane bonuses given to the executives and risk-takers who destroyed the economy.
No confidence bitches.
True the bailout was specifically designed to prop up the financial sector first and foremost….supposedly for us, the pissants who lived blissfully apathetic to how damaging an unregulated market would be.
Now we care…except we don’t.
America is too…what?
Stupid? Greedy? Void of short term memory?
to put its year-old new laws into play. Europe says our new rules have no teeth anyway.
HBO’s Too Big to Fail does well telling the dramatic moment in 2008 when the financial system faced collapse. The villainy is glossed over though with obscure references to greed and deregulation. A bigger story would focus on Goldman who sold doomed securities to banks and investors knowing the risk and betting against their own customers’ purchases of Goldman’s shitty financial products.
One of the most impressive aspects of the film is how slime and filth look so clean and shiny.