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
Tag Archives | Danny Schechter
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...
“When plunder becomes a way of life for a group of men, they create for themselves in the course of time, a legal system that authorizes it, and a moral code that glorifies it.”
– Political economist Frederic Bastiat, The Law (1850)
“I used to think of Wall Street as a financial center.
I now think of it as a crime scene.”
– Filmmaker Danny Schechter, Plunder (2009)
I am an old-fashioned “follow-the-money” journalist. As I’m writing this, most economists have learned to downplay fear and panic and up-play the “resilience” of the market. It’s a belief that all we need is confidence and then, all will be right with the world. Sadly, journalism has gone along with this charade by first denying the crisis and then avoiding investigating its architects and beneficiaries.
Three years ago, by choosing to be an “investigative” journalist, I made the film In Debt We Trust, with the idea in mind that I was examining “America before the Bubble bursts” (the subtitle of that film).… Read the rest