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DESCRIPTION:\n\nFilm evenings begin with potluck refreshments & social hour at 6:30 
 pm,\nfollowed by the film at 7:30 pm, followed by a discussion after the 
 film.\n\nINSIDE JOB\nby Charles Ferguson\n\nThis priceless documentary 
 exposes the shocking truth behind the economic crisis of 2008.  The global 
 financial meltdown, at a cost of $20 trillion, resulted in 30 million 
 people losing their jobs, their homes, and/or their savings.  The film 
 traces the rise of the rogue financial industry and unveils the corrosive 
 relationships which have corrupted politics, regulation, and academia.  It 
 presents a devastating expose of the staggering Wall Street swindle that 
 caused the economic meltdown of 2008.\n\nThe interview with Martin 
 Feldstein brought back to mind the hoopla of his appointment as chief 
 economic adviser to President Reagan.  The movie points out that Feldstein 
 initiated the financial deregulation follies that led to the looting of the 
 Savings and Loans and culminated with the passage of the Commodity Futures 
 Modernization Act of 2000, the lead sponsor of which was Senator Phil 
 Gramm.  It was truly depressing to see how this massive swindle was pulled 
 off through the collusion of the economic advisers, politicians, high-flown 
 professors of economics with scandalous and highly unethical 
 conflicts-of-interest, investment banks, and ratings agencies.  The 
 elements leading to the housing bubble and the financial meltdown were 
 deregulation of the banking industry, securitization of the mortgage 
 industry through the creation of mortgage derivatives, excessive bank 
 leverage creating excessive risk, and failure of the bond rating houses to 
 accurately assess the risk brought about by securitization of subprime 
 mortgages.  At the end of the film, Robert Gnaizda lists various groups 
 that should be prosecuted.  When asked why this has not been done, he 
 answered: “It’s a Wall Street government!” \n\nWheelchair accessible 
 around the corner at  411  28th  Street\n\n$5 donations are accepted\n\n\n 
 https://www.indybay.org/newsitems/2012/01/26/18705726.php
SUMMARY:Inside Job
LOCATION:Humanist Hall\n390  27th  Street\nuptown Oakland, between Telegraph and 
 Broadway\nhttp://www.HumanistHall.org\n
URL:https://www.indybay.org/newsitems/2012/01/26/18705726.php
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