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Plunder: The Crime of Our Time (DVD)

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Adrienne
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« on: May 12, 2010, 11:21:51 am »

Plunder: The Crime of Our Time (DVD): A Great Basic Understandable Explanation of the Criminal Wall Street Scheme That Brought Down the Mightiest Economy in the World (2010). Especially Good for Discussion Groups. Just Released.
By Danny Schechter
BuzzFlash.com's Review (excerpt)

Danny Schechter exposed the credit card industry in the prescient "In Debt We Trust" a few years back. And indeed it was the stagnation of wages that began with the Reagan tax cuts for the wealthy and deregulation of Wall Street that led to the economic collapse that Schechter makes the case was a criminal fraud.

Schechter doesn't have the money to have an A-Team of Hollywood cinematographers with him, but his case convincingly comes through loud and clear. Although much of what Wall Street did to crash the wealthiest economy in the world was legalized by the repeal of regulations in the late 1990s, Schechter makes a strong argument that the overall strategy of most of the large "too big to fail" financial firms was fraudulent and deceptive, in short subject to a RICO act indictment, were not the same people who led these companies now in charge of the economy under the Obama Administration, making DOJ indictment highly unlikely.

"Plunder: The Crime of Our Time" is a great background documentary for those Americans who are so confused -- and who isn't -- by the terms used for exotic wall street financial instruments that they tune out. Schechter lays out in a straightforward fashion how the nation was taken to the cleaners by Wall Street and how they did it, complete with understandable diagrams and a clear, lucid script.

You don't get the dazzling Hollywood camera work that big studios can afford, but, hey, you get something more important: the truth about why the guys who ran the casino on Wall Street should be in jail.

*******

A hard-hitting investigative film by Danny Schechter. The “News Dissector” explores how the financial crisis was built on a foundation of criminal activity uncovering the connection between the collapse of the housing market and the economic catastrophe that followed. To tell this story Schechter speaks with bankers involved in these activities, respected economists, insider experts, top journalists including Paul Krugman, and even a convicted white-collar criminal, Sam Antar, who blows the whistle on intentionally dishonest practices.
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http://www.buzzflash.com/store/reviews/2205
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