… Read the rest
Independent filmmaker Danny Schecter would like to remind Wall Street that the disdain for bankers “is not coming from a bunch of lefties in some basement in the East Village. It is coming from mainstream America.”
Schecter hopes such mainstream angst can propel his latest film, “Plunder: The Crime Story of Our Time,” into the big leagues. Filmed on a budget of less than $50,000 and based on his book of the same title, the movie traces the roots of the financial crisis from the home owners who defaulted on their mortgages to the Wall Street banks loading up on mortgage investments.
The film sounds like the many books and made-for-television movies about the crisis. But Schecter, who has worked at ABC News and CNN, promises that his narrative is different because it approaches the subject like a crime story, not a mere financial story.
Tag Archives | Danny Schechter
A Tale of Then and Now, FDR vs Obama: A Story of Shame, Co-option, Partisan Bickering and Industry Lobbying To Undermine Financial Reform
2009, The Intent: Speaker Nancy Pelosi: “What I want to initiate is the equivalent of what happened in the 30’s. They had something that was called the Pecora Commission. This was the commission that was formed when Franklin Roosevelt took office and they investigated what happened with the markets… We need to know. Some people can tell you one piece of it. Others can tell you another piece of it. But really it’s very hard – do you understand it? – for the American people and the rest of us as we try to make policy as we go forward to see the ramifications of any of the changes we’re being asked to make.”
THEN: Robert Kuttner: In 1932 through 1934 the Senate Banking Committee, led by its Chief Counsel Ferdinand Pecora, ferreted out the deeper fraud and corruption that led to the Crash of 1929 and the Great Depression.… Read the rest
Aldon O. James, Jr., The President of The National Arts Club, Globalvision Inc. and The Disinformation Company cordially invite
You and a Guest To The Premiere Screening Of Danny Schechter's New Investigative Film Exposing the Financial Crisis as A Crime Story
PLUNDER: THE CRIME OF OUR TIME (APRIL 29, 2010)In March of this year, a national poll found that despite all the partisan political polarization, 82% of the American people want a "crackdown on Wall Street." Yet to date, a handful of white collar criminals have been prosecuted and jailed for causing the worst financial crisis since The Great Depression. The film, Plunder: The Crime of our Time is being released in April by The Disinformation Company and will be available on cable systems' Video-On-Demand, on DVD and via iTunes. It is the first documentary feature to treat the financial crisis as a crime story. The hard-hitting film features testimony by Wall Street bankers, economists, a convicted white collar criminal, real estate brokers and victims of mortgage scams. It explains how an estimated $197 trillion disappeared because of elaborate and sophisticated financial frauds. Plunder also indicts the media for not warning us or investigating the crisis in a timely way.
The “F Word” (for fraud) is back in polite conversation on Wall Street. Fraud and financial crime are slowly becoming part of the debate over what must be done to restore confidence in what has so plainly been a confidence game.
Drilling for oil has knocked financial reform out of the headlines but among commentators, a concern with crime and the absence of punishment is being raised again.
First there was Robert Reich, the former Clinton Labor Secretary, a small man with a large and insistent voice. He’s practically spitting because he’s so pissed off with the inaction, asking where has the SEC been—not the Bush SEC which blew the Madoff probe but the Obama appointees:
“It’s now clear Lehman Brothers’ balance sheet was bogus before the bank collapsed in 2008, catapulting the Street and the world into the worse financial crisis since 1929. The Lehman bankruptcy examiner’s recent report details what just about everyone on the Street has known since the firm imploded—that Lehman defrauded its investors.… Read the rest
Today, and today only, you can help us finish the film PLUNDER, the story of the financial crisis as a crime story but you have to do it by 5 PM EST TODAY (Jan. 20, 2010). You can be a part of this film for as little as $1.00. [Back This Project]FAQs: How do I make a pledge?
First, enter your pledge amount and select a reward. On the next page we’ll ask you to log in or sign up with Kickstarter.com, and then we’ll send you to Amazon Payments to complete your pledge with a major credit card.
It's a new week, a new year, and some, erroneously believe a new decade. What's not new is the stranglehold the banks have on our economy, quietly stashing billions for more bonuses, while still restricting the flow of credit. Bad loans have been supplanted by no loans. Writers on the left continue to go after one bankster — the one we love to hate: Goldman Sachs, which has become the poster child for profiteering and even serving bad coffee in their cafeterias. Most ignore the rest of the avaricious industry which is still volatile with big pockets of insolvency and dependence of government bailout funds. While the media has recently focused on the terror threat posed in Detroit, the terrifying reality in Detroit is generally ignored. The Associated Press reports...