top
East Bay
East Bay
Indybay
Indybay
Santa Cruz
Santa Cruz
Indybay
Regions
Indybay Regions North Coast Central Valley North Bay East Bay South Bay San Francisco Peninsula Santa Cruz IMC - Independent Media Center for the Monterey Bay Area North Coast Central Valley North Bay East Bay South Bay San Francisco Peninsula Santa Cruz IMC - Independent Media Center for the Monterey Bay Area California United States International Americas Haiti Iraq Palestine Afghanistan
Topics
Newswire
Calendar
Features
From the Open-Publishing Calendar
From the Open-Publishing Newswire
Indybay Feature
View other events for the week of 2/ 1/2012
Inside Job
Date Wednesday February 01
Time 7:30 PM - 9:30 PM
Location Details
Humanist Hall
390 27th Street
uptown Oakland, between Telegraph and Broadway
http://www.HumanistHall.org
Event Type Screening
Organizer/AuthorFlorence
EmailHumanistHall [at] Yahoo.com
Phone510-681-8699


Film evenings begin with potluck refreshments & social hour at 6:30 pm,
followed by the film at 7:30 pm, followed by a discussion after the film.

INSIDE JOB
by Charles Ferguson

This 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.

The 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!”

Wheelchair accessible around the corner at 411 28th Street

$5 donations are accepted

Added to the calendar on Thursday Jan 26th, 2012 9:32 PM
We are 100% volunteer and depend on your participation to sustain our efforts!

Donate

donate now

$ 162.00 donated
in the past month

Get Involved

If you'd like to help with maintaining or developing the website, contact us.

Publish

Publish your stories and upcoming events on Indybay.

IMC Network