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UID:Indybay-18667671
SEQUENCE:18743730
CREATED:20101228T054100Z
DESCRIPTION:Film evenings begin with optional potluck refreshments and social hour at  
 6:30 pm,\nfollowed by the film at  7:30 pm, followed by a discussion after 
 the film.\n\nPLUNDER:  The Crime of our Time\nby Danny Schechter\n\nThe 
 financial crisis of 2008 was built on a foundation of criminal activity 
 that stripped bare the connection between the collapse of the housing 
 market and the economic catastrophe that followed.  This eye-opening film 
 begins with the conviction of ponzi king Bernie Madoff whose acknowledged 
 criminality drove a $65 billion dollar pyramid scheme.  The film argues 
 that the wrong doing committed by a few individuals such as Bernie Madoff 
 distracts from the real story which implicates the best-known financial 
 institutions, world wide, that financed and profited from fraudulent 
 sub-prime lending, a fraud epidemic.  It shows how these top financial 
 firms created special securities to repackage and resell these dubious 
 loans after they were fraudulently re-rated as Triple A.  The firms then 
 bet against many of these toxic assets with credit default swaps and other 
 insurance scams. The financial crisis developed from the mysterious 
 collapse of Bear Stearns, an 85-year-old investment firm that disappeared 
 in a week, to the shadowy world of trillion-dollar hedge funds.  By 
 leveraging these investments, they recklessly put trillions of dollars and 
 the world economy at risk.\n\nThis film connects the dots identifying who 
 the victims and who the beneficiaries are in what “may well turn out to 
 be the greatest nonviolent crime against humanity in history.”  The 
 financial processes of these top financial firms were enacted away from the 
 public eye — because the media were complicit in this whole fraudulent 
 affair.  A top financial journalist and media analyst as well as a 
 financier explain how the business media became embedded in the culture it 
 was covering, similar to embedded reporters in Iraq.  And the film travels 
 to Paris to examine how this financial crisis has gone global.  This film 
 has the facts and the details about fraudulent practices that have affected 
 billions of people and sent trillions of dollars gone missing.  The 
 resulting financial crisis is not about the unintentional mistakes of a 
 greedy few but a crime that effects us all.  The film is a call to 
 action.\n\nWheelchair accessible around the corner at  411  28th  
 Street\n\n$5 donations are accepted\n\n 
 https://www.indybay.org/newsitems/2010/12/27/18667671.php
SUMMARY:Plunder: The Crime of our Time
LOCATION:Humanist Hall\n390  27th  Street\nuptown Oakland, between Telegraph and 
 Broadway\nhttp://www.HumanistHall.org\n
URL:https://www.indybay.org/newsitems/2010/12/27/18667671.php
DTSTART:20110113T033000Z
DTEND:20110113T053000Z
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