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Charlie Rose Interviews Inside Job's Charles Ferguson

Tyler Durden's picture


Charles Ferguson, who deservedly won an Oscar for his must watch movie of 2010, Inside Job, which exposed such self-caricatures as Larry Summers, Napoleon Dynamite Sr, and Glenn Hubbard for the hollow shams they are, and who made waves by making the only logical statement at this year's Oscar celebration by asking why nobody on Wall Street had gone to prison, appeared on Charlie Rose in yet another must watch interview. Ferguson is once again given a chance to clarify his position on why nobody will likely ever go to prison for what amounts to the greatest generational and class heist ever witnessed: "Do you expect that there will be prosecutions for criminal wrongdoing coming out of what we now know?" The answer: "Whether there will be or not, is a function of political pressure because it is unfortunately disastrously, tragically clear that the Obama administration has no interest in doing anything about this." The reason, according to Ferguson for Obama's (lack of) action is: "there is a menu of answers: he is personally very conflict averse, to cold-blooded political calculation, to lack of experience and therefore insecurity in large very scale economic and financial matters, and therefore being a prisoner of his advisors. Perhaps some combination of all of those things..." In other words true lack of change that banker pocket change can believe in. As for what would take to fix the broken system we find ourselves in: "(i) change the role of money in elections, (ii) to pay regulators well, and (iii) have law enforcement that is necessary to enforce the laws we have." Alas the Inside Job director does not see any of these happening any time soon. Neither does anybody else.

Full interview:


h/t Sqworl


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Sat, 04/02/2011 - 20:58 | 1128903 Escapeclaws
Escapeclaws's picture

Here's one for all of you marijuana smokers--free enterprise is where itzat!

Sat, 04/02/2011 - 21:24 | 1128957 Hephasteus
Hephasteus's picture

You don't know how hard the Beureau of alchahol tobacco and firearms had to work to snuff out all the little dealers to create an environement of big drug business that chops peoples frikkin head off who try to stop them. Trained in american military fort.

Sun, 04/03/2011 - 07:57 | 1129523 MSimon
MSimon's picture

Drug Prohibition is a Government Program.  It costs at least $70 billion a year at all levels. And for all this effort we find that it is easier for kids to get an illegal drug than a legal beer.


Did I mention that Drug Prohibition is a Government Program?

Sun, 04/03/2011 - 08:58 | 1129575 Trying to Understand
Trying to Understand's picture

I'd like to get my feet wet here.  Drug Prohibition is NOT just a "Government Program"... It is a UN program.

With that simple fact stated, the discussion I'm interested in is that we constantly and daily discuss the "symptoms of our problems/national issues"...  But we never discuss the "source" of those problems/national issues.  Why is it we refuse to acknowledge or discuss that our national issues are UN driven, not issues the People, we Citizens, have asked for?

Just wonderin'...


Sun, 04/03/2011 - 09:22 | 1129588 ZackAttack
ZackAttack's picture


Anytime you hear government refer to a program as "The War on...", simply substitute "The Jobs Program based on..." Works perfectly well for "Terror" and, earlier, "Poverty."

In the case of drugs, there was no rational solution to structural unemployment. Instead, they criminalizedthe activities of 10% of the populace and set another 10% to the task of capturing, convicting and incarcerating them.

750,000 annual court trials for marijuana cases. In some states (though nothing like it at the federal level), up to 28% of all prison sentences. Then, consider that in California, there's one $88,000/yr pensioned prison guard for every 5 prisoners. All an utter waste of time; it has accomplished nothing of long-term significance.

Sun, 04/03/2011 - 10:39 | 1129653 Hephasteus
Hephasteus's picture

When you say drug prohibition is a government program you are not being entirely accurate. You need to say the government has stated that it has taken responsibility for the drug problems. Freeing up the ability to distribute drugs massively and widely. Because well everybody thinks it's handled.

Which is why a war on poverty increases poverty. A war on drugs increases drugs. By simply claiming responsibility and then being an unresponsive complicit cunt in the affair you can have your cake and eat it too.

Oh and I spent 70 billion dollars last year analyzing that combating that problem. I totally didn't spend it all on yachts and hookers. For realz.

Sat, 04/02/2011 - 21:00 | 1128907 wang
wang's picture

Sat, 04/02/2011 - 20:58 | 1128911 Gerolsteiner
Gerolsteiner's picture

Tyler, did you run the link for the free/legit version for online viewing yet? In case someone missed it (like I did):

Sat, 04/02/2011 - 20:58 | 1128912 lynnybee
lynnybee's picture

Thank you, Tyler !    I usually don't watch PBS.    Thank goodness I read ZEROHEDGE, the good stuff doesn't escape this website !!   

Sun, 04/03/2011 - 16:26 | 1130301 sgt_doom
sgt_doom's picture


And Ferguson's quote:  "The reason, according to Ferguson for Obama's (lack of) action is: "there is a menu of answers: he is personally very conflict averse, to cold-blooded political calculation, to lack of experience and therefore insecurity in large very scale economic and financial matters, and therefore being a prisoner of his advisors."

Well, dang me!  I would have said it was because at least fifteen of Obama's appointments to his administration, like the dood interviewing him, Charlie Rose, were members of David Rockefeller's Trilateral Commission (and Rose still is, of course).

But then, I believe in that quirky mathy thing, the correlation coefficient!

Well, dang me.....

Sat, 04/02/2011 - 21:01 | 1128913 Belrev
Belrev's picture

Where can we see this documentary? Whyt it is not widely shown? Not even on the internet.

Sat, 04/02/2011 - 21:12 | 1128939 Sqworl
Sqworl's picture

The DVD is available for sale on internet..A must see!

Sat, 04/02/2011 - 21:26 | 1128956 captain_menace
captain_menace's picture

My wife is headed out the door to return the copy we rented from Blockbuster.  They had three or four copies on the shelf.  If you've been reading stuff on this site for a while there isn't much new in it for you.  But it's fun to watch a few of the criminals, ahem, I mean Treasury and bank representatives squirm during the interview sequences.

Sat, 04/02/2011 - 21:04 | 1128917 Judge Judy Scheinlok
Judge Judy Scheinlok's picture

I think that you would have learned by now what an Oscar represents.

Do you really want to be legitimate? Cut your support for the zionist co-opt crew.

Sat, 04/02/2011 - 21:05 | 1128922 onlooker
onlooker's picture

Thanks for the tip. I like Rose but dont always catch him. Will make a point of seeing this.

Sun, 04/03/2011 - 05:07 | 1129431 Snidley Whipsnae
Snidley Whipsnae's picture

Rose is an egomaniac. He continually interupts his guests while they are explaining a detailed point, derailing their line of thought and pissing me off.

Fuck Rose. He is a lackey and piss poor interviewer.

Sun, 04/03/2011 - 16:27 | 1130305 sgt_doom
sgt_doom's picture

You should peruse my previous comment:  Charlie Rose is a member of Davy Rockefeller's Trilateral Commission, which reads like a who's who of the usual suspects.

Sat, 04/02/2011 - 21:05 | 1128923 Twindrives
Twindrives's picture

Obama, the articulate servant boy in the employ of bankers.  

Wed, 04/06/2011 - 07:54 | 1140130 tonyw
tonyw's picture

But it's everything not just the banks, even aljazeera knows this and "republishes" an article fromForeign Policy Matters.

"It's a plutocracy, stupid... The issues of jobs, health, taxes, the environment, regulation to protect kids' health, oil drilling, workers' safety, education, guns - they are all dictated by lobbies just as overbearing as AIPAC.
All we do up here is cater to rich, selfish people and their special interests. And their interest is cutting all social programs so we can keep cutting taxes to make them even richer...."


Sat, 04/02/2011 - 21:08 | 1128929 AUD
AUD's picture

How about the fact that the government will never prosecute the same people who provide a market for government debt?

Sat, 04/02/2011 - 22:30 | 1129061 traderjoe
traderjoe's picture

Why does a sovereign country borrow it's 'own' money from private corporations?

Sat, 04/02/2011 - 23:21 | 1129130 flacon
flacon's picture

Answer: Because a country is not sovereign - or/and,

Answer: Because a country *is* the private corporation.

Sun, 04/03/2011 - 03:22 | 1129382 Zero Govt
Zero Govt's picture

Answer: Govt is the system of parasites (host. society)

Sun, 04/03/2011 - 16:31 | 1130313 sgt_doom
sgt_doom's picture

If Amerika were truly sovereign, the five principal influential organizations would not all have international memberships:  the Group of 30, the Peterson Institute, the Council on Foreign Relations, the Trilateral Commission, and the Bretton Woods Committee. 

(Please note that the Group of 30, and the Bretton Woods Committee, both have the same exact business address and fax machine number.  Just a coincidency, of course.....)

Sat, 04/02/2011 - 21:09 | 1128930 dcb
dcb's picture

very old, and almost all pbs content can be viewed on the PBS site.

Sat, 04/02/2011 - 21:10 | 1128934 RobotTrader
RobotTrader's picture

This absolute proof that the Wall St. PigMen and the Washington Plutocracy will always concoct some elaborate scheme or scam to fleece billions from the public and they most likely get away with it with no punishment whatsoever.

There is nothing you can really do about it, it has been going on for decades.

In fact, it was much worse in the roaring 20's and the depression era 1930's.

Best thing you can do to survive this environment is to piggy back off their nefarious activity and try to scrape up a few crumbs here and there by trading in the direction which they are pushing stocks.

I'm pretty much done trying to change the system.  I'm just feel lucky I live in the U.S. and not in some third world country or in Communist China or Russia where bribes, kickbacks, payoffs, etc. are 10x worse.

Sat, 04/02/2011 - 21:24 | 1128952 Gerolsteiner
Gerolsteiner's picture

Question is, will your children be able to say the same thing about their environment and their lives. You may be able to leave them enough wealth so they get by, but will they enjoy life behind concrete walls to protect that wealth from angry ex-middle class that got mugged through taxes and inflation.

Sat, 04/02/2011 - 21:25 | 1128953 AUD
AUD's picture

-1 junk. It's pretty much as you say, at least until the mighty US government bond market starts to see some real outflows.

Sat, 04/02/2011 - 22:03 | 1129018 rocker
rocker's picture

Happy to live in the USA. What the Fuck. My wife has learned more about our corrupt system from my direction of just watching the asswipes run the greatest rip off of America on Bloomberg. To hear Bernanke, Hank Paulson, Neel Kashkari, Lloyd Blankfein and the rest of the crooks lie right in front of congress under oath without jail terms applied. But we did put Martha Stewart in Jail. LOL. We heard heck of a job Brownie to a great job Hank praise from Bush & Co. Now she has to watch Bambi coward to get our money back and and the Bernanke monetize all the shit he took from Banks as collateral that's worthless.

This is the first time in history that a financial crisis of this magnitude has occurred and nobody of consequence has gone to jail. Nobody! The only ones they put in were tokens. You say it was worse in the great depression. What the hell do you call this. It's the Great Recession. LOL. The crooks will take the market down again. And if your not careful, you may get trashed in it. This is a rigged market, this I know you are aware of. RIGGED MARKET. Check past history and you will see during the depression the drops are far from over.

This pig nation has trashed the constitution. It is not for and by the people. As a matter of fact, people are discouraged to participate. Our supreme court says it's for and by the corrupt corporations and elite bankers that are too big to fail.  Corporations have been given the right to surpass the people. People have limits to political donations. But corporations run by people have none.

The court has dictated to the people that a famous document is worthless. One that said, "that this nation, under God, shall have a new birth of freedom -- and that government of the people, by the people, for the people, shall not perish from the earth.  Well, the government of the people in the U.S. is lost. 

So don't tell me it is 10X worse in Russia or China. Our freedoms are going to hell fast while those nations are improving everyday.  Asia, Russia and China have furtures to look forward to. We have none if we can't put crooks who stole American's savings in Jail. GS, JPM, BAC, C, LEH, MER, AIG, and the FED all did what Bernie Madoff did. They just did not go to Jail. 

Sat, 04/02/2011 - 22:12 | 1129034 rocker
rocker's picture

By the way Robo, I did not junk you. Because you are smart enough to trade against the crowd and you understand that the market will take away the most money from the most people it can. Good stocks can go down and bad ones up. Right now, there still seems to be too many shorts. When that ends you and I both know it will not be pretty. Until then. BTFD works. Either way, I still say this nation is Fucked until the majority of the people take it back. And I don't mean teabagger bullshits either. We are Japan now. 

Sat, 04/02/2011 - 22:35 | 1129076 chindit13
chindit13's picture

I live in one of those Third World countries where corruption is "10x worse" than in the US.  In fact, in terms of corruption, it is rated Number 2 in the entire world (though I am confident we can reach top status).

That being said, the local currency has skyrocketted from 1400 to the dollar three years ago to 850 to the dollar today.  Note also that ALL currencies, perhaps save for Zimbabwe, have climbed against the dollar over the last two years.  Note also that living standards have improved even in my spot over the last few years.  Can you say the same in the United States?

US-style Corruption, even a tenth of other Third World countries, carries another cost, a little something we call inflation.

Sat, 04/02/2011 - 22:52 | 1129101 DraginDickHedge
DraginDickHedge's picture

A Newbie's First Post and Tribute to Robot Trader ~ Whether one Agrees or Disagrees or, like many ZH posters, seemingly  require immediate mental therapy and/or IQ transplants after each RT post...IMHO RT is one of the great characters who make  ZH better and more amusing place for any trader to visit.  RT, while I've been in the trading game since the DOW hovered wildly around 700, (now a seemingly alternate universe), and do trend toward more doomer-esque trades than your somewhat satirical posts indicate you like, I appreciate it when you pop into a discussion.  Does it take courage for you to post here,  or do you conjure up comments with wicked delight? Do you keep charts of your ZH "junked yet again" trend lines?  What do you think of your RT doppelgangers?  HarryWanger has you beat a bit in this realm, I think.  It's hilarious when people junk the doppelgangers.  Who do you think are the best characters to follow on ZH?  Do you agree that williambanzai7 is brilliant and perhaps only next to Tyler?  I wonder who other ZH posters love or love to hate...?  I absolutely agree with this post and wonder why it has been junked....still it's amusing.

Sun, 04/03/2011 - 03:02 | 1129370 hambone
hambone's picture

And fuck you - ZH is no longer a "trading" site...I think some / many / most ??? see that trading and investing in America is a joke now.  Capital is made up like monopoly money and given to the greatest among us at the expense of the least.  This whole system must be torn down.  The parties must be imploded.  The liars must be removed from positions of power and responsibility. 

Gauging companies valuations and present / future worth is over.  Now all depends on whether Fed criminality and thievery will be maintained.  In that environment those w/ "money" know there is grave danger.  Most would prefer the nation, the market, the economy repair itself and at no expense to them; no risk of capital, freedom, or life. 

But if all isn't risked soon - all will be lost.

Sun, 04/03/2011 - 12:49 | 1129847 DraginDickHedge
DraginDickHedge's picture

Hi are indeed and fact spot on in the theme and arch of your thinking.  I agree with you that "trading" is a joke and with the thrust of your other angry yet well founded sentiments even if petulantly porffered, perhaps with the exception of the F**k me part.. One can still hedge and trade but only with the insane need to position against the madness you begin top touch upon.  As I alluded above, we are in an alternate and evil universe compared to the the time I started at DOW 700, which still was a time of oligopolistic forces.  My shout out to RT was more to identify him as a great, amusing character on ZH...not a endorsement of all his views or trading suggestions.  He is playing with you, don't you realize?  So, be well and keep up the fight...inform with courage, act wisely, and add insight to ZH, and perhaps be a bit less profane...although it seems to be a sign of these times that some think profanity move a discussion forward...not just you.  All that was is lost already.  We must do what we can to try to influence a more sane future.  I can't get beyond..."reset"...reboot, but I am thinking.  Will look forward to you insight in the future.

Sat, 04/02/2011 - 23:30 | 1129112 RoRoTrader
RoRoTrader's picture

Besides the consistent top drawer trade calls your social insights belong on the best sellers list.

Btw........Charlie Rose looked like he was really choking that one down...... for the Republic.

Sun, 04/03/2011 - 01:32 | 1129302 Ras Bongo
Ras Bongo's picture

You are just a pussy RT

Sun, 04/03/2011 - 02:03 | 1129326 RoRoTrader
RoRoTrader's picture

You are just a pussy asshole RB

Sun, 04/03/2011 - 03:16 | 1129366 hambone
hambone's picture

Fucking horrendous Robo -

sound just like the jews who turned on their own in collusion w/ the Nazis to extend their stay on this planet.  You are smart and have money and will look the other way while the people are raped just so long as you can get yours.  Fuck you and your america.  I won't no part of this america any longer.  I will have a different america or will not be a part of it.  Don't know how or when but I won't live the lie you are happy to live within.  Either it will change or I will lose in trying to change it.

I'm not a religious person but life is about quality - not quantity.  You have chosen otherwise.

Sun, 04/03/2011 - 06:58 | 1129491 Ricky Bobby
Ricky Bobby's picture

+1 That has been my criticism of robo as well. Fucking camp guard. He might have to sacrifice you and your family so he can survive.

Res publica mortuus est, vivat imperium

Sun, 04/03/2011 - 14:20 | 1130024 Montgomery Burns
Montgomery Burns's picture

That's not Robo.

Sun, 04/03/2011 - 12:57 | 1129861 DraginDickHedge
DraginDickHedge's picture

Oh, I see you are part of the racist hate mongers and not part of thoughtful solutions.  You are a sad case.  Hate and profanity might make you feel all hot and satisfied, but you demean your self and the problems we all face.  Can't you dig deep and get your IQ and whatever you define as your core essence above the pettty nature of what you spew.  How does your vomiting out racist remarks and other inane profanity add to the work toward solutions?

Sun, 04/03/2011 - 14:05 | 1129985 malek
malek's picture

Very interesting how you completely avoid to say anything on the underlying central issues hambone mentioned.

Are you a new incarnation of a Doppelganger? I could look into your posting history, but why waste my time...

Sun, 04/03/2011 - 15:10 | 1130160 DraginDickHedge
DraginDickHedge's picture

Hi Malek.  As stated in my first post mentioning RT's dopplegangers, I am new posting here.  No need to check.  I am always happy to address underlying issues and had initially intended to thank you for your suggestion and try to address your concerns.  Alas, Hambone's underlying issues are so deeply covered under an impenetrable morass of hate and ignorance, I am at a loss to proffer any thoughtful point or counter point.  Apparently you are among those who content there was a Zionist conspiracy where the Elders of Zion allowed many of thier own to die to obtain a homeland ~ Israel.  In my studies and opinion, this did not happen in any and has its roots with white supremesists and thier ilk.  The letter which purports to support this was debunked thoroughly and in my opinion with merit.  Yes, I do HATE the Fed and understand its origins and the faith of some who were invloved.  Yes, the Fed has ruined this country, no dispute. I do not correlate the religion of some involved as a significent factor.  You probably do.  I do not happen to know many of the Jewish faith and do not know thier goals.  Do you belong to a faith who hates sloely due to race?  How does race hate of any form help solve our problems?  I can only scorn Hambones high opinion of himself as a person of high his posts and see his sick mind...He does speak for himself. 


Sun, 04/03/2011 - 21:07 | 1130915 malek
malek's picture

Without doing extended research, I did not see the points in his posts you mention about Hambone's mindset. Therefore the full-scale attack in your reply seems a bit overblown to say the least. Maybe you can post a link to a previous comment by Hambone that supports your claims.

I am an agnostic, sometimes tending towards atheism, and therefore I don't care about religion or anybodies beliefs unless they claim it as reason/permission/excuse to do something crazy. I know a number of Jews, they are decent and mostly very intelligent people - but I cannot look into their or anyone else's head. Conspiracy theories don't appeal to me, as I try to keep it as simple as possible but not simpler, and find an answer in the best tradition of Occam's Razor, and not pull a rabbit out of the hat to explain everything.
The whole discussion seems to imply RT is Jewish - I am not aware. A year ago RT's posts were always a good read, but at some point half a year ago or so (I don't use up my brain to store such unimportant facts) he switched to his "satirical" style that I soon started to find completely annoying, as he now obfuscates his real opinion so well it becomes everyone's guess what he is really thinking.
True politician style. And I fully understand if others get pissed off by that.

Sun, 04/03/2011 - 22:08 | 1131059 DraginDickHedge
DraginDickHedge's picture

Hello again, Malek.  Thanks for your thoughts.  You initially complained that I only critizied Hambone for crafting a lurid, racist post without addressing the underlying issues he raised in his rather wandering hate speech-esque post.  I struggled to determine an issue other than F**k this and that, resulting in my perhaps feeble attempt to try to discern how Hambone made the rather odd mindjump from what RT posted to Hambone's response that RT was "just like the jews..."  I want to clarify that my attempt to address your concerns in no way was intended to imply that RT is of jewish heritage.  Who cares one way or the other as this is a financial site?  Althopugh, during my lurking phase I have often been astonished as to extent some posters eschew an on-point discussion of the market issue identified by ZH and instead tread totally off point to bash some ethnicity or religion and actually hijack entire threads with juvinelle hate talking points until someone of sound mind gets back to the issue.  I will check out more of his past posts.  He just seems irrationally angry.  Not stupid, or ill-informed, but his anger gets in the way of lucidity and he ends up posting what I can best describe as, (I know the following lacks delicacy and is not meant to be mean) random mind farts of anger.

Sun, 04/03/2011 - 05:14 | 1129435 Snidley Whipsnae
Snidley Whipsnae's picture

It has been going on longer than 'decades'... it has been going on since before Christ threw the tables of the 'money changers' from the Temple.

International banking was well established prior to the Persians rise to power...and it's all based on the urge of people to have capital now rather than later...they get the capital now along with capital and interest repayment...governments are comprised of people and they have the same urges as individuals plus they are spending taxpayers money. IOWs, govs and bankers have always been in bed together.

Sun, 04/03/2011 - 15:45 | 1130221 DraginDickHedge
DraginDickHedge's picture

Hello SW,  finally an opinion which touches one of the primary paths to a solution...ending central banking...the FED, IMF, BIS Etc.  I refer all to many intelligent posts on ZH as to this necessity and some who offer ideas as to how to do this.  The study of how cultures over the centuries have tried to reconcile the difficulty and danger of lugging bags of gold and silver (some cut, and counterfit) around on dangerous roads or the need for examinition of jewels and other barterable items for counterfits and the like, how to determine true value... with the objective to aid honest commerce to let people use the fruit of thier labor to buy and sell efficiently to support their families (and unfortunately their overlords), to aid and grow honest commerce for the benefit of all.  Some on ZH think the return to a gold standard is a solution.  I think only partly so.  All who want to end central banking must determine a workable and I think selectively global alternative.  So, perhaps to create a solution for the future, we should study what was tried and did not work in the past centuries.  I'll provide books and sites later as I need to leave now.  Thank you for raising the issue!

Sun, 04/03/2011 - 08:15 | 1129518 Mesquite
Mesquite's picture


Best thing you can do to survive this environment is to piggy back off their nefarious activity and try to scrape up a few crumbs here and there by trading in the direction which they are pushing stocks.

Somebody had to say it..Thanks..

Or, Keep 'Tilting @ Windmills' &

spreading vitriol..of which there seems to be no shortage of..

And yes, the 20s & 30s had some brutal events not normally focused upon, but researchable..

Today, we have FEMA camps waiting in the wings, don't forget..

(Oh, and for telling it like it is--one

   gets multiple 'junks'..That just

   sez a lot about some folks lurking



Sun, 04/03/2011 - 15:20 | 1130168 asteroids
asteroids's picture

Dear Robo, you don't get it. If the PigMen aren't stopped, they will eventualy come afer YOU.

Sat, 04/02/2011 - 21:21 | 1128949 Miss Expectations
Miss Expectations's picture

Time to put a 10 part "Inside Job Outtakes" up on YouTube.

Sat, 04/02/2011 - 21:27 | 1128962 malek
malek's picture

Is the interview really worth it?

I had vowed to never watch Charlie Rose again if possible, after seeing what arrogant douchebag he is in:

A prophetic interview with Sir James Goldsmith in 1994


Sat, 04/02/2011 - 22:54 | 1129104 Global Hunter
Global Hunter's picture

great links, for anybody else the link is for part 1 of 4.  Recommended viewing.

Sun, 04/03/2011 - 05:14 | 1129439 Snidley Whipsnae
Snidley Whipsnae's picture

Rose is an egomaniac...probably just another stooge of the gov. He interrupts guests while they are making comments. I stopped watching the azzhat decades ago.

Sat, 04/02/2011 - 21:36 | 1128965 Global Hunter
Global Hunter's picture

The movie was playing in a theatre down the road from me late in 2010, I went expecting some socialist Hollywood mamby pampy BS but I was pleasantly surprised by it, the movie itself was a B or B+.  

In regards to the possible solutions, I really cringe when I hear regulations or paying regulators better.  Just the other day Sarkozy was proposing a global nuclear summit and increased global regulation of the nuclear industry.  It will be all well and good until the next catastrophe when we'll need better regulations, same applies to finance and banking.

The solution isn't more rules, its getting the government out of the way and letting folks make it or fail on their own.  We wouldn't be here if all these banks and dealers didn't have access to free money and then get bailed out when they muck it up.

Enforcing existing rules wouldn't hurt either, but why go after white collar criminals and con men with vigor when one can go after crackheads that are being a nuisance.  

Sun, 04/03/2011 - 01:16 | 1129266 TaxSlave
TaxSlave's picture

The movie documents the failures of socialist monetary control (look it up, it's the fifth plank of the Communist Manifesto), trying to cover up the fact that without a fractional reserve fiat currency issued in secret by a central bank, the bubbles could not occur.

The solutions proferred are more regulations, more restrictions, more power (to the bought-off assholes that caused it).

Sorry, but to me, the movie IS socialist Hollywood namby pamby BS. 

The movie never would have gotten any attention, let alone an Oscar, if it pointed to the role of the Federal Reserve in creating the money that fueled the bubble, if it pointed out the owners of the member banks who are the masters/owners of the criminals featured in the movie.  If the movie advocated property rights, specifically property rights over our own currency, by having the currency be real money, it would have been spiked.  Instead, the movie appears to have been created specifically to draw attention away from the root cause of the issue.  Appeals to class envy, restraint of trade, and a better class of criminals with enhanced power show that the movie was intended to stimulate the glands of Hollywood socialists.

And not to go all ad hominem or anything, but Soros and Barney Frank!?  Gimme a break!  You can YouTube Frank blocking attempts to regulate Fannie and Freddie when they were loading their guts with this bad paper.  And Soros has been clear in his intentions all along.  Ptooey!

Sun, 04/03/2011 - 14:03 | 1129978 James
James's picture

Thanks for that TaxSlave.

Exactly what I was thinking on the issue - Propaganda to take your eye off the true source of the problem.

On another thread here somebody mentioned a"Tyler Durden for the day" award for best post on a subject.

As of 2:00 PM EST,4-3-'11, You got my vote!

Sat, 04/02/2011 - 21:49 | 1129003 Money Squid
Money Squid's picture

I recommend Client 9 - The Rise and Fall of Eliott Spitzer. Good movie, suprised it has not been recommended/discussed on here. Its about how the Spitzer was the only one to really go after the massive fraud and how the super rich went after Spitzer. Anyone who thinks they are going to be tough on the bankters will remember the example they made of Spitzer.

Sun, 04/03/2011 - 00:58 | 1129245 agrotera
agrotera's picture

Hear Hear!!!

I pray for Donald Trump's protection and wellbeing now that he is speaking out in a way that is not supportive of our government sanctioned financial cartel.

Sat, 04/02/2011 - 22:07 | 1129026 max2205
max2205's picture

Not gonna happen folks. News today that Obbummer will get 1 fucking billion from coconspirators for his reelection campaign. We must stop him from getting another term.

Sat, 04/02/2011 - 22:54 | 1129103 victor82
victor82's picture

The billion is Obama's protection money from the banksters for his part in keeping their racket going. 

He doesn't have to worry. He'll have a handsome retirement home in Hawaii next to the "Barack Obama Presidential Library (bankster funded, of course...oh wait, taxpayer funded).

Sun, 04/03/2011 - 00:51 | 1129240 dasein211
dasein211's picture

And elect who? They're all dogshit. Left right. Fuck it's two sides of the same goddamn coin. Have you ever sat in a private political discussion? The ONLY thing that was ever talked about every fucking time I was in one was money. They have money,we have money, how do we get more money. Fuck. Our system is a clusterfuck of people trying to claw their way to the pie and get a piece before the next guy gets it. Nothing more nothing less.

Sun, 04/03/2011 - 06:43 | 1129482 i-dog
i-dog's picture

"We must stop him from getting another term."

We must stop ANY federal politician from getting ANY term!!!!

The Congress, the Supreme Court and the Administration are at war against the American people and serving only the interests of their masters' ambition to be part of a One World Government.

A few are from very well connected families, some are willing accomplices, the rest are merely collaborators.

Sat, 04/02/2011 - 22:16 | 1129044 Ned Zeppelin
Ned Zeppelin's picture

I have no clue why people junk Robot Trader for being right.  It doesn't mean you endorse the conduct of these oligarchs, but at least keep your head straight about who is winning the game, for now anyway.

As for the failure of Obama, what did we expect? It would not have mattered if a Republican had won the election.  Same outcome. Same if one of the Tea Partiers had been elected.  Same if Ron Paul had been elected. Same if, well you get the picture.  No one who would speak the truth or look to change the system would be allowed toget within a mile of the Oval Office. Ever.

Now you know who runs the show. It's not the politicians. They're the hired help. 


Sat, 04/02/2011 - 23:03 | 1129115 Escapeclaws
Escapeclaws's picture

Interesting perspective of Catherine Austin Fitts on this from her interview with Chris Martenson on Jan 31:

However, the federal government lacks sovereignty. It lacks financial sovereignty - it is financially dependent on the banks that control its depository and slush funds, create the currency through the Federal Reserve and manage the accumulated capital of the same syndicates outside the government. It lacks information sovereignty as its data, information, and payments systems are controlled and operated by private corporations, primarily defense contractors. If we could dig out the true ownership of both banks and defense contractors, my guess is that it would look identical. Finally, the members of the Administration have no way of guaranteeing their safety and the safety of their families if they defy orders of those who have the weaponry and power to enforce their will by any means necessary.

(emphasis added)

Sun, 04/03/2011 - 00:38 | 1129221 lincolnsteffens
lincolnsteffens's picture

I junk anyone who is low enough to aid the neo-nazi/skin head crowd.  I don't junk them when they don't spew their hatred. There is a small core of bigots on ZH that won't get a junk from me if they swallow their venom instead of spitting it all over a valuable site like ZH.

Sun, 04/03/2011 - 05:27 | 1129442 Snidley Whipsnae
Snidley Whipsnae's picture

Ned... RoboT is junked for past comments made about PMs, equities, etc. RT does make some good comments but is junked on all. In any case, junking makes little difference.

Parasitic bankers have been around for a very long time. I doubt that they can be permenently eliminated but they can be brought to heel for their own overreach when they screw up as badly as they have since 1913... Put the azzhats in jail and those that follow them will be more careful. That is what moral hazard is about.

Sun, 04/03/2011 - 08:25 | 1129540 Mesquite
Mesquite's picture


Actually a couple did over the years..

But, of course they met with untimely ends...(always from the hands of "mad men")-ahem..

Be safe..

Sat, 04/02/2011 - 22:53 | 1129102 strannick
strannick's picture

He forgot to mention that Goldman Sachs was Obama's largest campaign contributor, and he doesnt want to bite the hand that feeds him

Sat, 04/02/2011 - 22:56 | 1129108 victor82
victor82's picture

Seriously, did he leave that out of the film? Was it all Bush bashing? I haven't seen it yet.

The whole point of banksterism is lost if its people don't understand that the Looter Class use both parties as a front and the Presidents as their pet poodles.

Sat, 04/02/2011 - 23:27 | 1129135 Boop
Boop's picture

I just watched it on DVD from Netflix, and it's not all Bush bashing - Obama (and Clinton, for that matter) come in for some spanking.

Sun, 04/03/2011 - 09:29 | 1129590 ZackAttack
ZackAttack's picture

I think it's fair to say that Greenspan comes off looking the worst of anyone.

It seemed to me that Bush had completely checked out by mid-summer of 2008. He was off catching a buzz at the Olympics and fondling volleyball players' asses while Bernanke and Paulson ran things.  

Sat, 04/02/2011 - 23:55 | 1129117 Unlawful Justice
Unlawful Justice's picture


"Massive illegality, But I don't want to point to individuals because the Justice system should do that.'"  There in lies the problem.  There is only semblance of Justice, and is all mockery. This is much bigger than even what this shows.  Sold down the river but as long as I got mine. FTW.


Sat, 04/02/2011 - 23:47 | 1129156 Fix It Again Timmy
Fix It Again Timmy's picture

Everything is possible when you know there is no way in hell you can go to jail, yeah, it's called above the law...

Sun, 04/03/2011 - 11:05 | 1129675 css1971
css1971's picture

It is called private law... Privilege.

Sun, 04/03/2011 - 14:29 | 1130054 anonnn
anonnn's picture

Aha! You know the precise definition of privilege. Thanks for the reminder.

 "Privilege" is a key view on what ails our world.

Sat, 04/02/2011 - 23:51 | 1129161 agrotera
agrotera's picture

I really liked Charlie Rose until after the fall of 2008 when he seemed best friends with a few of the TBTF crime bosses--and as a result it  worried me that he would lose judgement--he may just not get it, but he seems to be intellectually capable of seeing the mess.

Sun, 04/03/2011 - 00:05 | 1129183 arnoldsimage
arnoldsimage's picture

just another reason to buy the dip.

Sun, 04/03/2011 - 05:31 | 1129447 Snidley Whipsnae
Snidley Whipsnae's picture

+1 The only way to protect what purchasing power one has is to park it in PMs till a system reset is complete... That could take generations or more.

Sun, 04/03/2011 - 06:22 | 1129476 Yen Cross
Yen Cross's picture

Purchasing power. 257 Or 10 yields?

Sun, 04/03/2011 - 02:19 | 1129342 nah
nah's picture

we vote for consistency or solvency... personally this Chris Ferguson Fellow comes accross as a consistency guy dont get me wrong my good man


there is a real question about how these here bills get paid

Sun, 04/03/2011 - 11:01 | 1129672 TaxSlave
TaxSlave's picture

there is a real question about how these here bills get paid

Ha!  How about you and I, the ones that got stuck with the bill, Just Say No!  Repudiate.  I didn't agree to that debt, it was incurred in my name without my permission, and I don't intend to pay it.  Our entire future has been sold into debt servitude to bail out these criminals.  We need to eliminate the mechanism that caused it, the very same mechanism that was used to bail them out, the mechanism that puts us into perpetual servitude.  Paper money.  Starve the beast.  A monetary collapse is coming.  When it hits, the offer will be made to bail you out -- at the cost of the last vestiges of your freedom.  You'd better be ready for it, to say NO, or the soap-opera watchers will beg for it and sell you down the river.

Sun, 04/03/2011 - 02:38 | 1129358 Yen Cross
Yen Cross's picture

I'm tired, but rest assured this is saved for breakfast!

Sun, 04/03/2011 - 03:44 | 1129392 ebworthen
ebworthen's picture


What would it take to change it?

A lot (and I mean a lot) of dead people.

Not waitresses or teachers or cops or truck drivers; but the wankers responsible.

Lots and lots of the wankers responsible DEAD, lifeless bodies swinging from a tree or lampost DEAD, wailing and gnashing of teeth of their families finally admitting they were crooked assholes who robbed the average person for a BMW and a whole lot of useless crap from some retail mall outlet store and overpriced meals and homes.

Otherwise, it will be "Leave it to Beaver" and "Bonanza" and "Dallas" and "Idol" as the nation is torn down one decent hard working family and home at a time to feed the dogs of Wall Street, of Washington, and of War.

Wake the fuck up Amerika.


Sun, 04/03/2011 - 04:11 | 1129405 hambone
hambone's picture


Sun, 04/03/2011 - 06:26 | 1129479 Yen Cross
Yen Cross's picture

Truck drivers  it's too easy. You caught my clue. Love the cross bones.

Sun, 04/03/2011 - 11:11 | 1129679 TaxSlave
TaxSlave's picture

Dead people might make you feel better.  For a minute.  As long as you are so easily distracted from the root cause, you will be kept on your debt treadmill until you are exhausted and the last of your efforts go into the maw of the beast.

Wake the fuck up yourself.  End the Fed, or lose again.  And again.  And again.

Fascists got one up on socialists because they figured out that all you have to do is give some people advantage over others, and they will do just about anything to get a leg up on their neighbors.  Then they can keep stirring the turd-pot with envy and hatred towards those who got away with it, periodically throwing them into the crowd to be snapped up in a pirhana-like feeding frenzy.  They are easily replaced with the next batch. (And so are you.)

We need to take away the tool with which it is done.  Fiat money, created from thin air.  It buys anything and everything.  Including your output.  Your future.  Your time of life.  Your government.  It works until nobody accepts it any more.  And when they don't, they have the Next Level all set up, and your impoverished neighbors begging for it.  If you don't realize the fundamental mechanism by which this is done, you will be hornswaggled into demanding your own downfall and sealing your own fate.

Wake the fuck up, indeed.

Mon, 04/04/2011 - 03:54 | 1131557 ebworthen
ebworthen's picture

I hear you.  And now the fiat is created with a keystroke, the processor churning out the 1's and 0's in a nanosecond, down the fiberoptic line, and "Zing" $1 Trillion created.

It debases everything.

It is theft.

It is hitting someone over the head for their cash.

Done with computers and PhD's and nice clothes.

Sun, 04/03/2011 - 07:56 | 1129520 MSimon
MSimon's picture

There is no election law that can fix this. Only smaller government with a LOT fewer favors to hand out can fix it.


The Bigger Government Party is doing fine in America. The Not So Big Government Party is doing well. The Small Goverrnment Party? Who ever heard of them?

Sun, 04/03/2011 - 08:22 | 1129539's picture

Obama? He was too kind. The dude is a classic con man; an empty suit; overrated intellectually, etc. In other words, a phony.

Sun, 04/03/2011 - 08:56 | 1129572's picture

Oh, "Barney Frank is a good man but a politician". He's not a good man. He's conflicted (FNM, FRE) just like all the other bad actors in the film.

"They didn't want to save LEH b/c there were too many democrats?" LOL! Most of WS are democrats"? Most of WS is democrat.

The income distribution is a fact of capitalism. It's not an issue but as long as they brought it up, why not accompany the view based on the % of total tax collected from the highest earning groups? That's more meaningful.

The film didn't mention "the deal" democrats struck with republicans on the CRA to get Glass-Steagall repealed by putting the CRA on steroids.

Sandy Weill is at the epicenter of all these problems and has skated past much scrutiny.

The funniest guy is Mishkin. What a joke!!



Sun, 04/03/2011 - 20:48 | 1130874 MiningJunkie
MiningJunkie's picture

What a purely SUPERB interview. I have seen "Inside Job" three times now and there are two emotions that are playing leap-frog with each other - RAGE and SADNESS. Wake the fuck up, America.

Sun, 04/03/2011 - 21:15 | 1130936 tony bonn
tony bonn's picture

ok boys and girls, let's ask mr wizard to help us pull our heads from our collective butt....

obama was installed into office because he is a waterboy for the rockefeller-bankster you honestly expect that a man whose only preparation for chief executive of the usa was community service activism and some lightweight academic dilettanteism is not going to be beholden to his advisers and completely incapable AND uninterested prosecuting the hand which feeds him?

the man is perfectly blackmailable because he is an indonesian citizen born in kenya. the man is a liar including those ghost written books which have his name on them as author.....

for the life of me i can't tell the difference between bush and obama which means that they are both managed by the same occult hegemons....both of them are pompous incometence low rent whores whose only contribution to life is greed, avarice, and rapacity....


Sun, 04/03/2011 - 23:37 | 1131280 honestann
honestann's picture

Amazing everyone doesn't understand this obvious and fundamental stuff.

Mon, 04/04/2011 - 06:25 | 1131614 tradewithdave
tradewithdave's picture

For those who have not yet availed themselves of the nuance of the relatively new movement that has been titled as Libertarian Paternalism , they may want to consider this short review of the movie.  It's far from being anything libertarian and instead is all about the disintermediation of free will and freedom of choice through behavioral economics.  The approach is quite subtle and this is rising in the consciousness not only through the movie Inside Job, but also through the movie Zeitgeist: Moving Forward, books by Cass Sunstein and most recently a "common ground" approach between Ralph Nader and Ron Paul. 

Here's the review:

Dave Harrison

Wed, 04/06/2011 - 12:00 | 1141269 MarcusAurelius
MarcusAurelius's picture

A good interview. To get rid of corruption on a grand scal you must get rid of regulation and legalities that serve no purpose other than to slow down and bog down business in beurocracy. This is generally why corruption previals. These people will find ways around the rules anyway. If they can't legally they will do it illegally. I have already talked about the fact that in the financial mortgage industry it is one of the most corrput and illegal industries in the business (and always has been) becuase everything is incentive based. From the commissions that mortgage brokers receive to the bonuses given at the corporate level. This causes people to lie and lie profusely. How difficult i sit to become a mortgage broker? Even in Canada where everything is regulated it is not hard. People flock to this area in the booms and they leave just as quickly in busts. Let me ask, did any of the real estate agents give back their commissions to broke and desolate home owners that they sold these houses to? Did the mortgage brokers return their commissions because they felt a moral obligation to the people who got shafted by them lying to their corporate office to get them into the homes? The answer is obvious as it is to these upper CEO's. They knew it was a bubble but they capitalized on it anyway. They made their money (which was ridiculous) and got out. Like winning the lotto all in three years. You wave that kind of bonus incentive in front of most people are they going to refuse it in good times worrying about what will happen down the road to their fellow man? Ha....perhpas one in a million but most could care less. That would mean that we have a capitalistic society that believes in sharing the wealth and helping people avaoid mistakes? Do we have such a society? As Miltion Friedman put it...."where is this group of angels that you are talking about going to come from to govern our society?" They don't exist and as imperfect as this system is to quote Winston Churchill "it is better than the others". 

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