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The Big Short: "Every American Should See This Movie & Be F##king Pissed Off"
Submitted by Jim Quinn via The Burning Platform,

“The truth is like poetry, and most people fucking hate poetry.”
The Big Short opens nationwide today. But it happened to have one showing last night at a theater near me. My youngest son and I hopped in the car and went to see it. I loved the book by Michael Lewis. The cast assembled for the movie was top notch, but having the director of Anchorman and Talledaga Nights handle a subject matter like high finance seemed odd.
The choice of Adam McKay as director turned out to be brilliant. The question was how do you make a movie about the housing market, mortgage backed securities, collateralized debt obligations, collateralized debt swaps, and synthetic CDOs interesting for the average person. He succeeded beyond all expectations.
Interweaving pop culture icons, music, symbols of materialism, and unforgettable characters, McKay has created a masterpiece about the greed, stupidity, hubris, and arrogance of Wall Street bankers gone wild. He captures the idiocy and complete capture of the rating agencies (S&P, Moodys). He reveals the ineptitude and dysfunction of the SEC, where the goal of these regulators was to get a high paying job with banks they were supposed to regulate. He skewers the faux financial journalists at the Wall Street Journal who didn’t want to rock the boat with the truth about the greatest fraud ever committed.
What makes the movie great are the characters, their motivations, their frustrations, their anger at a warped demented system, and ultimately their hollow victory when the entire edifice of fraud came crashing down on the heads of honest hard working Americans. The movie does not glorify the men that ended up making billions from the demise of the housing bubble. But it clearly defines the real bad guys.
Steve Carell plays Mark Baum (based on the real life character Steve Eisman). He’s the kind of prick who would fit in perfectly on TBP. He is abrasively hysterical with his foul mouthed commentary and insults to authority. He is the heart and soul of the movie. You feel his pain throughout. Carrell should win an Academy Award for his performance.
Christian Bale’s quirky performance as one eyed Dr. Michael Burry, whose Asberger’s Syndrome actually allowed him to focus on the minutia and discover the fraud before everyone else, is top notch. Ryan Goseling is hysterical in his role as the narrator of the story. Brad Pitt plays a supporting role, but does it with his usual class.
Ultimately, it is a highly entertaining movie with the right moral overtone, despite non-stop profanity that captures the true nature of Wall Street traders. This is a dangerous movie for Wall Street, the government, and the establishment in general. They count on the complexity of Wall Street to confuse the average person and make their eyes glaze over. That makes it easier for them to keep committing fraud and harvesting the nation’s wealth.
This movie cuts through the crap and reveals those in power to be corrupt, greedy weasels who aren’t really as smart as they want you to think they are. The finale of the movie is sobering and infuriating. After unequivocally proving that Wall Street bankers, aided and abetted by the Federal Reserve, Congress, the SEC, and the mainstream media, destroyed the global financial system, put tens of millions out of work, got six million people tossed from their homes, and created the worst crisis since the Great Depression, the filmmakers are left to provide the depressing conclusion.
No bankers went to jail. The Too Big To Fail banks were not broken up – they were bailed out by the American taxpayers. They actually got bigger. Their profits have reached new heights, while the average family has seen their income fall. Wall Street is paying out record bonuses, while 46 million people are on food stamps. Wall Street and their lackeys at the Federal Reserve call the shots in this country. They don’t give a fuck about you. And they’re doing it again.
Every American should see this movie and get fucking pissed off. The theater was deathly silent at the end of the movie. The audience was stunned by the fact that the criminals on Wall Street got away with the crime of the century, and they’re still on the loose. I had a great discussion with my 16 year old son on the way home. At least there is one millennial who understand how bad his generation is getting screwed.
Merry Fucking Christmas America from a Wall Street banker

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Tyler Durden approves this movie.
Fight Club, bitchez!
Just for laughs and giggles, read how another quite famous blogger went off the deep end on that movie
http://www.nakedcapitalism.com/2015/12/debunking-the-big-short-how-micha...
and basically declares that Michael Lewis is not morally perfect and therefore a villain of the highest order.
Which is especially funny as Yves Smith in 2008/09 on notions "let the big banks fail/go bankrupt" effectively declared "we can't do THAT!",
and now she has to maintain her own dreamworld to avoid realizing that with her stance she has become a stooge for TPTB - willingly or unwillingly.
Ya never see Jaime Diman, Lloyd Blankenfein, etc etc being interviewed or heralded by the talking heads anymore. Afraid for their lives as more as more people understand they weren't "heroes" saving the system, or just hanging at their private islands counting coins?
Wait until you see The Big Shyst - a movie about the Federal Reserve.
The Big Shyst shows how the Fed makes debt-based money and systematically blows bubbles and collapses the economy.
Wall Street will definitely not want you to see that movie about the heart of their machine.
I read the book last year...
It is outstanding! Highest recommendation.
If you have not read this book, you cannot understand how today's market really works.
Lemme guess, ABC-Disney is the producer? Gotcha.
The problem isn't with wallstreet. It is with central banks. This is just cleverly deflecting the attention of the cause off of the Fed. The central banks are primarily responsible for the bubbles and financial chaos. Not wall street. They arw more or less just a cog ib the wheel. Just like the individual borrower is a cog in the wheel. A pawn in the game. Don't be deceived!
If the GFC had been procecuted like the 90's S and L crisis was, there would be 10,000 people and jail and 70,000 indicted, including RE appraisers, loan officers, anyone who was part of the scam, who actually got jail time for similar deeds back then.
We could put them all into DC and build a giant wall without a door around it.
What happens when you hybridize a; New Yorker, a Baby Boomer, a Jew and a Banker? That's right...ur fucked!
"If we could empty American Jails and Prisons of Pot Smokers,
there'd be plenty of room to start jailing real criminals, like Bankers and Politicians."
“reveals those in power to be corrupt, greedy weasels who aren’t really as smart as they want you to think they are.”
Geez, Jim.. I wish you wouldn’t describe the feces eating, blood sucking, baby raping, mother killing, brainless festering toxic slime that is the inbred added chromosome “investment banking” community and their demonic “regulators” in such glowing terms.
What? One of those assholes (cough John McCain cough) was the republican nominee! Prosecution in the 90's was only for the unconnected.
Bullshit...the federal reserve is the Wall Street created fig leaf entity they created in 1913 and of course still have complete control of. The fed was the brainchild of j p Morgan and Goldman Sachs along with European banksters like the rothschilds who had been scheming since the year 1800 to taike over the u.s.
They succeeded.
Yeah.
Ultimately the problem is with ursury and its bastard child, fractional reserve banking.
Get rid of ursury, and GS, JPM, the Fed etc all go with it. But we might have to give up a bit of material wealth for that, embrace a less pampered existence, so it won't happen.
We're fucked. Find your escape, if you can. Hint: get as far as possible away from people.
Youre right, but it's hard imagining a world without credit.
Not without credit... they can still do old style mortgages and car loans, but none of this fractional derivative slush fund doing gods work crap.
An internet changes a lot of things. It should make the average bank smaller, not larger. No reason I can't have a portfolio manager of my own based on some reliable and secure server somewhere that selects from loans, bonds, offers ... going by and gives me recommendations.
The book of Lewis's talked about the different approaches of the different investment groups, but all of them read a lot of prospectuses, were religious about rigorous.
That is, disintermediation continues with improving software for analysis and management programs, and we end up with a spectrum from people investing in micro-level (if that is real, not sure from what I know now, but haven't inquired seriously) through wealthy people or combinations that only invest in $1M amounts.
That is all at the same time the econmy changes to more done locally.
Cold Fusion I think will be part of that.
https://thinkpatriot.wordpress.com/2015/12/24/the-wrong-question-as-usua...
You got the cart before the horse there Socratic Dog. Get rid of Rothschild, JP Morgan, Rockerfeller etc and you can get rid of usury, the Fed etc.
These instituions are owned by evil cultural aliens - but in the end they are just men. Feeble old men that continue to dare the world to kill them.
Food for thought.
Central banks existed before stock markets.
All the weapons in the world won't matter once ISIS army kick into gear!
https://www.youtube.com/watch?v=gq_su8XIpZU
The problem isn't with wallstreet. It is with central banks.
There is a difference? The New York Fed is actually On Wall St. isn't it? And headed by 'former' vice presidents of Goldman, JP Morgan et al -same as it has been since the day ol' JP himself basically wrote and pushed through the Federal Reserve Act of 1913.
I love the 'former' part though, kinda like how a 'former' Chinese Admiral owns an aircraft carrier that 'he' is making into a 'nightclub' that is coupled to enough shore power to run half of LA.
The problem isn't with "wallstreet" or "central banks". These are only institutes representing ideas.
Get to the core of the matter - the problem is with the evil old cultural aliens that own them. Kill them and the problem goes away.
End the owners of the Fed.
The Big Short opens nationwide today. But it happened to have one showing last night at a theater near me. My youngest son and I hopped in the car and went to see it. I loved the book by Michael Lewis.
Hey Quinn, what does your 'youngest son' think about your re-telling of the 9/11 attacks?
Have you convinced his young mind that it was a 'mastermind' plan by towelheads with boxcutters who knew nothing about flying jets?
(I can't wait to see the ratio of 'junks' I get here from Quinn & his psychophants versus the message outside of his cognitive [PROFIT INSPIRED] dissonance... Early results indicate that the 'QUINNIES' are out in full force...
LOL
His 'youngest son' may be interested in this........
http://beforeitsnews.com/conspiracy-theories/2015/12/the-fix-is-in-franc...
Quinn has yet to acknowledge the truth about 9/11 (& prefers to pussyfoot around the edges because by 'being committal', it would cost him his meal ticket)
That means he's yet another HACK working on somebody's payroll (who does NOT have your best interests in mind)...
Fuck all these fucking 'pretender' money grubbing fucks like him & Simon Black.
We were fighting with one another yesterday (hey, it's Fight Club), but I and others have been saying simular for a few years and it's good to see you saying it too. These guys stir it up and always fail to deliver on monster, key facts. Thanks for saying it.
"Quinn" junking sychophants are worse than jew apoligists (like SMG ~ who prefers terms like 'Globalist' & 'Luciferian')
How hard is it to just 'grow a pair' and stop being a paid 'controlled dissent' author?
FFS ~ (back to Quinn)
Every American should see this movie and get fucking pissed off.
No asshole, I DON'T FUCKING EVEN BOTHER GOING TO MOVIES WHICH ARE 100% PRODUCTS of ENTITIES OWNED & OPERATED BY JEW PROPAGANDISTS... I don't pay my money for that bullshit... Got it? Is that hard to understand in your bought & paid for world?
Replace the word 'Jew' in your idiotic diatribe with 'Black guys' and you are nothing but a run of the mill moron racist.
We don't use "Black Guys" here on ZeroHedge.
We use "Dindonuffins" and "Trayyvons". Give it a minute. As soon as the 9-11 ranting stops (I agree with you Pope) we'll find a way to segue to muzzies first and then Dindonuffin muffins. (whoa! I'm a genius! check out ob1knob's comment below re; CRA) +100
edit: btw, I'm going to watch it. I read the book twice; it was so unbelievable I couldn't read anything else. But I won't pay $10 or whatever. I'll get the Korean rip for $2... #fightingback
fucking 'histrionics'...
But what does anyone expect in the era of "THE MOST TRANSPARENT ADMINISTRATION EVAH IN THE HISTORY OF HISTORY!!!"
The fucking comet is way over due & IMO, can't arrive fast enough... I hope it fucking splits in two and hits Washington DC & Tel Aviv first, but if it lands on top of my head, I'm fine with that too...
"Would you like to see the Pope at the end of a rope? Do you think He's a fool?"
Ozzy Osbourne
'
U think I give a fucking shit about being at the business end of a rope?
OH WAIT! I guess that, 'attitude wise', qualifies me as a Globalist/Luciferian/MoneyGrubbing/QuinnySychophant!
Just a poke. Results as expected. I agree with your posts. Are they part of the housing bubble debate? I think so. If 9/11 was a factor in holding rates dangerously low for way too long? A contributor, yes.
I'm surprised DavidPierre hasn't chimed in yet. Like me, he's another one to hold Quinn's feet to the fire over 9/11. And rightly so.
Wow. Must be a bunch of 9/11 Deniers at the Fight Club tonight. Except they ain't fighting, just clicking down arrows. Pussies.
You mean "but Jetfuel can't melt steel beams!!1!" ?
https://market-ticker.org/akcs-www?post=230974
Jet fuel is a fancy name for kerosene - even the fuel you put in your car has more poke.
but the usa can shoot down any jet at any time getting off course
oh yes! military jets were unable to fly that day
whats about the anti air missiles everywhere around new yourk and dc
oh yes! they were put offline that day
what a coincidence
and building 7
and yes osma bin laden from the wealthy us-billionaire family, hiding in "mountains", very trustworthy story
Waiting for the blockbuster movie, "Pull it!"
But I'm not holding my breath.
Yeah Hollyjoowood never gonna make THAT movie Agstack
93 was downed. F-16 from North Dakota National Guard stationed at Langley AFB did the job. I was there.
you mean this AFB?
http://www.afb.org/default.aspx
Since you brought up building 7......Isn't it obvious to everyone that the plane that went down in Shanksville was intended for building 7, but something went wrong with the plan, they took out the plane, and imploded the building anyway?
That idiot blacksmith has already been de-bunked by the AE911 crew.
Why don't you supply a direct link to it then. I need a good laugh.
If you think 9/11 was NOT carried out by the guys on the video, with the 500 mile long trail of evidence leading back to them, then you're nowhere near as smart as you think you are.
If you think you could conceivably buy the total silence and complicity of the tens of thousands of accomplices you'd need to pull off 9/11 as an inside job, you're basically a fucking retard and probably also about 24 years old.
Bagsnotsohot in the brain department does n,t know how corporate(government) hierarchies compartmentalization need to know basis works . Bless
Well, I have seen the truth, yes, I've seen the light
And I've changed my ways
And I'll be prepared when you're lonely and scared
At the end of our days
ive seen the truth, continue understanding, and have learned to not really give two shits: because i can't change it cept my own little world. when the shit gets real, well, like minds will find each other and have huge advantage over the majority standing with an i gadget amd clueless. got shit ready duuuuuuuuuuuude.
to sum it up; u all ptb, suck offs, leaches, scammers, suckwades, fakes, hollycocks, bankfucks, fedfucks, politicifucks, CAN ALL SUCK MY UNCIRCUMCIZED DIRTY COCK(plez = no biting)...
As "Jewish Lives and Bank Accounts Matter" Chairwoman, I resent that comment.
Just for that, I will give you a rip your face-off short covering melt-up you won't believe. Oh wait, I just did that over the last three days. Nevermind.
Relax. Being Jewish (US or Israeli) actually allows you to be racist and apartheid.
You are even able to shush others with that power-word, with Jedi-Mind-trick abilities. Peeps here just got "Jew envy", because...
They (Jews) are what regular white Christians used to be -- "racist, sovereign and imperialist" -- but no longer are. Thanks to a PC alliance of leftist Christian ideologues, liberal Jews, feminists, lobbyists, and 4-sale politicians, Whitey has been neutered, tagged, collared and kenneled. And taught to do tricks: Sit, fetch, roll over, play dead. Sit Ubu, sit. Good dog!
"To find out who rules over you..."
pope... you mad bro?
Winning!!!
Get a gander at his post here.
The video is over a year old & WH has had death threats in the interim.
http://www.theburningplatform.com/2015/12/22/the-sandy-hook-debate-is-over-and-we-won/
Paid shill or drain bamaged.
omg.....are you going to post your fuking one note issue on EVERY Quinn article???
I mean geez fucking louise,....
I too believe 9-11 was an inside job,,.....
but everyone who isnt 'awake' to that fact doesnt need to be schlonged by you non-stop.
Give it a rest.
The Pope is the latest user id of banned DavidPierre.
First DavidPierre is not banned.
His History would be gone if he were...But here it is...
http://www.zerohedge.com/search/user_comments?username=DavidPierre
Finally The Pope is not DavidPierre.
The writing styles are incongruent.
And I do know The Pope's writing style rather well.
tall tom is right about that
i would also add, last time i saw davidpierre on here, he was posing links to fake stanley kubrick youtube interviews to "prove" that the moon landing was faked. david pierre is a loser and a troll, and if quinn banned him from buringplatform, good for him.
DavidPierre banned?
Nope still here!
Just banned from Smokey Jim Quinns' sycophantic blog site ... www.TheBeastilityPlatform.com for calling out Quinn and then proving him to be an outright LIAR and a 9/11MORON.
Quinn has a difficult time facing facts.
As they say in Texas... All hat... No Cattle !
Reality is...
https://www.youtube.com/watch?v=p6O4LE0eTYc
He again FAILS!
You mean "but Jetfuel can't melt steel beams!!1!" ?
https://market-ticker.org/akcs-www?post=230974
So how do we tie 9/11 to Wall street (and the Federal Reserve)? Simple, it is ALL economic terrorism ..
http://www.veteranstoday.com/2012/11/06/roadmap-to-redressing-economic-t...
http://www.veteranstoday.com/2014/07/30/the-coming-return-of-the-real-us...
https://app.box.com/s/hfgvcqg7gqh7i27at6sv53ywu87lwarp (Read Me First)
Fuck You Jammie Diamond, may your throat cancer erode through your carotid artery and may you asphyxiate as a result of your massive hemorrhage. Merry X Mas Jammie.
Signed
Santa Claus
ps naughty list since birth
How long until people realize that rising house prices are a bad thing. It means your standard of living is going down!
Only if you only have one house.
Yves is ex-goldman so she probably got a memo
This subject matter has to be put in a form that can be understood by the masses. Hopefully the popular actors and this director is a step in that direction.
Main stream Hollywood as an informer? Hmmmmm? This adds to the current assumptions and rumors of fractures among the elite groups.
We are reasonable people. If the banking elite is sacrificed and the other corporate oligarchs come into a more socially acceptable line, we may be satisfied. However, the banking elite must be sacrificed. There is no negotiation on that point.
Of course some will say I am over optimistic, they are throwing it in our faces to make $$$ and it ends up a total police state so enjoy your "entertainment" for now.
Time goes on. Time will tell.
Until they cast these movies with more apropos villain actors (i.e. Ben Stiller, Adam Sandler, etc... instead of the Carells and DiCaprio's), I'll pass. Since the deceptions must go on, I know it'll never happen. Thus, my boycott continues.
Ha ha. Good catch there. Carell is an Itaian-American non-tribesman. Odd how they casted all goys. yeah they did that with DiCaprio as that evil shitbag Jordan Belfort. Shame on Scrosese for somewhat glorfiying those evil f**ks at that penny stock firm.
I really like Michael Burry after seeing his commencement speech posted on ZH.
https://www.youtube.com/watch?v=1CLhqjOzoyE
He is incredibly smart and probably due to his Aspergers. Kind of funny seeing him tell students roughly that the education system and everything else is shit so it is up to you.
Burry also overcame cancer as a child when he lost his eye.
https://www.youtube.com/watch?v=1CLhqjOzoyE
The real story is he figured it out and assholes like John paulson and others piggybacked on his trade because no one else was doing what burry is doing.
I really respect him and groaned when I saw that shit Hollywood was making a movie and knew they could never cast someone good enough. They picked the right guy in Bale.
I really hate hollywood and avoid their shit at all costs especially Star Wars aka Disney version with JJ tribesman Abrams.
I may watch The Big Short on red box, which I do not have an account.
"Odd how they casted all goys."
No... it's not odd at all, Freddie. It's all very well thought out. Even the very Aryan Warren Beatty was cast as Bugsy Siegel years ago. Their false-casting is a humorous deception to perceptive eyes. Throw away your TVs, cancel your cable and find more wholesome entertainment. Deny the devils their money where you can... that's what hurts them most. Great literature is one excape.
Not only did they casy all 'goys'... They cast 'goys', whose characters, in real life, are almost 100% likely to be jew shylocks... But then, if you don't like it, you can always shift over to the other theatre to see Mark fucking Wahlberg being either the action hero, or cuddly teddy bear friend...
This shit makes me want to PUKE... But, HEY... 'Smokey Quinn' recommends it, so who am I to argue?
Mark Wahlberg???
You'll not find, on this entire planet, ANYONE who holds more incandescent, white hot hatred for the people who murdered some of my family on 9/11.
Pope, not only is Mark Wahlberg not Jewish, your venom is offensively counterproductive in the ongoing efforts to awaken the sheeple to those who TRULY deserve evisceration, and I question both your genuiness and motives in your ongoing diatribes.
So you want the sanitized version eh Phaedrus. Lest your delicate sensibilities, well trained by the (jew) MSM and the great american educational system, be offended.
Look, this is pretty simple. 9/11 was pulled off by the state of israel. Which happens to be jewish. When mainstream america was told it was done by a bunch of fellas who happened to be muslim, they declared war on the entire muslim populace. Well, it wasn't muzzies, it was jews. I would thus expect your enlightened "white hot hatred" to be channeled towards extermination of jews. Why wouldn't it be?
Pope should be your mate. Rough edges and all.
I wasn't going to respond to your post, Socratic Dog, but it contains several points of high relavence.
I've not spent a single day of my life in an American educational system.
I've not read a paper nor looked at a TV in decades.
'Sensibilities'? Well, of the tens of thousands of viewers of this ZH piece, a relatively small number may be true psychopaths/sociopaths, but this poster may be amongst the rarified few who has been clinically diagnosed as such, and by several professionals over the years.
I possess few 'sensibilities' and no delicacy whatsoever.
I am well aware of the the culprits behind 9/11.
Vast, vast numbers of people DO NOT want to know, and as time continues to pass, the possibility of 'getting away with it' increases.
Those of us who read/post on these boards, the alphabet agency boys from all over the planet that monitor this stuff, are infintesimal in number compared to the general populace.
Alienating any who may be receptive to truth is highly counterproductive, no matter how viscerally satisfying venting that hate in scattershot, collective fashion may feel.
We cannot let these motherfuckers succeed.
@ PHAEDRUS1952
"We cannot let these motherfuckers succeed."
I don't want to rain on your parade but "the motherfuckers" have already succedded. I'll assume the 1952 to be your birth year? The victory of "the motherfuckers" was well complete way before you or I were born. All the rest of this shit is just maintanence. Keeping the slaves meerily going along, then afraid, then deceived, then back to some other concocted emotional state all so they keep payinh' in. Rare is the contributor here that does not have at least one completely irrational, misdirected focus of there energies thereby keeping them from ever seeing the big picture so to speak.
Divide and conquer. Its' The Jews. It's the blacks. It's the Muzzies. It's the FSA. It's the Libtards. It's the________ insert group label here.
If it's "the muzzies" as some posters here like to say them what about my brother-in-law? 100% Musiiim. Far more dedicated to the truth than 99% of the fucktard posters here.
It's "the Jews". Which ones? Are you aware of the chasm in the Jewish faith re: the stae of israel? are you aware that the divide among the citizens of Israel in regard to the activities of "The Jewish State" makes the The US population look like Nazi Germany in its compliance with our warmongering, haneous history? You mean THOSE Jews?
Keep focusing on the wrong target people. THAT is how "the motherfuckers" succeed.
The problem is GOVERNMENT. If you have any connection to it ( take Social Security?, Have a 401K?, pay taxes? - whatever) then you ARE PART OF THE PROBLEM. Until you are able to completely SHUN your neighbor who works for the Department of Health, your Uncle who is a E6 in the Army, your best friend from school who is a cop, then shut the fuck up, take your medicine and keep sucking of the tit of the matrix whilst blaming whatever group du jour you think is to blame.
"The Jews" didn't do it. The Muzzies didn't either. And The Chistians are just another bunch of completely mentally stifled lemmings who believe in THEIR particular invisible friend in the sky.
Government did it. Government has ALWAYS done it.
Merry Christmas.
Good post. I like your thinking.
Wahlberg is a devout Catholic but is a big Isri-hell supporter and supports the MIC endless war bullshit.
All these war, mega violence, blac ops, deep state and other shit movies are all backed by MIC/See Eye Aye. They probably bankroll many of them.
indubitably, one could also start listening to compositions of one J.S. Bach.
That is a great start.
+100 if anyone hasnt seen that valedictorian speech by michael burry linked above, highly recommended
(edited add: the persecution of this brilliant man for being capable, intelligent and truthful is to me the clearest indicator of America's waning star. A rising nation rewards such people, it does not fear and ostracise them)
It's already free online for those like it cheap.
How so ...?
So, by your reasoning, you did not watch Fight Club because it had Ed Norton and Brad Pitt in it?.
Captain Kirk....
I was referring specifically to casting of financial criminal films. I don't watch movies in general, mainly because the makers are deceivers who purposely twist everything that is true and natural 180 degrees. I can't even watch pop-up commercials on my computer without first muting and then turning my head for 30 seconds. The malevolent unreality so often portrayed is too painful to ingest.
AdBlock Plus is your friend.
Use it
and Lose it (ads).
Simple and sweet.
Ublock is even better. Adblock plus allows some (sposored? I forget) content through.
Ublock + Ghostery is your friend (and if you're a true freedom loving nerd add httpseverywhere and noscript to that list).
Only 16.4% on J-Dar
http://www.j-dar.ca/#318846
Yeh sure its all the fault of the greedy banker.
Never mind the Community Redevelopemnet Act that FORCED the banks to make bad loans. Or all the house flippers who took out mortgages they had neither the means or intention to pay. Blame the bankers.
That is so stupid blaming the CRA. A lot of the places hit hardest were rich areas of FL.
Not to mention the CRA was passed when Carter was in office. So apparently it didn't take effect until twenty years later when it came to "forcing banks to make bad loans."
Maybe he should read up on the repeal of portions of Glass-Steagall, which coincidentally took place in 1999.
First you'd have to believe that politicians give a fuck about any damn thing but themselves. REAL concern for minorities or communities LOL! Then you'd have to believe banks were forced to do *anything* they don't want.
Then, you'd have to fall right to sleep and miss the part where all this crap was sold on Wall Street while at the same time betting against all the "shitty deals" they made, then the whole thing getting bailed out @ par. With par being at the absurd fraudulent property appraisals that were made by the lenders or their agents. It's just nuts.
This was all planned, beginning with Greenspan. AIG's Greenberg KNEW their CDS paper was no damn good, but didn't care because the also KNEW there would be a bailout. The only problem for him was Paulson and Blankfein conspired to steal the bailout money...and they did!
That's why all this money went looking for people...it was all planned.
A brief history lesson:
1977: Jimmy Carter (D) signs the Community Reinvestment Act, guaranteeing home loans to low-income families.
1999: Bill Clinton (D) puts the CRA on steroids by pushing Fannie Mae & Freddie Mac to increase the number of sub-prime loans (owning a home is now a 'right'.).
1999 (September): New York Times publishes an article, 'Fannie Mae Eases Credit To Aid Mortgage Lending', which warned of the coming crisis due to lax lending policies of the Clinton (D) administration.
2003: White House calls Fannie and Freddie a "systemic risk". The Bush (R) administration pushes Congress to enact new regulations.
2003: Barney Frank (D) says Fannie Mae & Freddie Mac are "not in a crisis" and bashes Republicans for crying wolf and calls F&F "Financially Sound" Democrats block Republican sponsored regulation legislation.
2005: Fed Reserve Chairman Alan Greenspan voices warning over Fannie Mae & Freddie Mac accounting "We are placing the total financial system of the future at a substantial risk"
2005: Sen Charles Schumer (D) says "I think Fannie Mae & Freddie Mac over the years have done an incredibly good job and are an intrinsic part of making America the best-housed people in the world.".
2006 Sen. John McCain (R) again calls for reform of the regulatory structure that governs Fannie Mae & Freddie Mac .
2006: Democrats again block reform legislation.
2007 - Barney Frank becomes the head of House Finance Committee & Chris Dodd becomes head of Senate Banking Committee. 15 months later the US economy took a dive in the Banking & Finance Sectors
2008: Housing market collapses: Democrats blame the Republicans.
Look, I'm an historic liberal. No other choice given fate. But you took a lot of writing to tell what we already know: the Dems, Libs, Progressive what ever, are the real scum. Conservatives are assholes, but the other side are assholes on steroids.
Good stuff CoC - But you did leave out the part where Barney's roommate was a gay prostitute, but would occasionally bend Barney over and make him bite the pillow.
go learn something
Some have argued that this [CRA] regulation forced banks to lower their credit standards and engage in riskier mortgage products in order to extend credit to lower-income individuals, who perhaps should not have received such loans. However, data provided by the Home Mortgage Disclosure Act (HMDA) reveal that loans covered by the CRA accounted for only a fraction of mortgage lending to lower-income borrowers and neighborhoods. This is especially true of higher-priced, or subprime, mortgages. CRA assessment-area lending accounted for only nine percent of higher-priced loans to lower-income borrowers and neighborhoods, while independent mortgage companies accounted for the majority. Further, the subprime share of assessment-area loans made to lower-income borrowers and lower-income neighborhoods was lower than the subprime share for all loans made between 2004 and 2006
The Community Reinvestment Act of 1977 is a favorite boogeyman for some, despite the numbers that so easily disprove it as a cause.It is a statistical invalid argument, as the data show.
For example, if the CRA was to blame, the housing boom would have been in CRA regions; it would have made places such as Harlem and South Philly and Compton and inner Washington the primary locales of the run up and collapse. Further, the default rates in these areas should have been worse than other regions.
What occurred was the exact opposite: The suburbs boomed and busted and went into foreclosure in much greater numbers than inner cities. The tiny suburbs and exurbs of South Florida and California and Las Vegas and Arizona were the big boomtowns, not the low-income regions. The redlined areas the CRA address missed much of the boom; places that busted had nothing to do with the CRA. (Suburbs and Exurbs were where the boom & bust occurred — and not the CRA regions — Source: Washington Post)
The market share of financial institutions that were subject to the CRA has steadily declined since the legislation was passed in 1977. As noted by Abromowitz & Min, CRA-regulated institutions, primarily banks and thrifts, accounted for only 28 percent of all mortgages originated in 2006.
•Nonbank mortgage underwriting exploded from 2001 to 2007, along with the private label securitization market, which eclipsed Fannie and Freddie during the boom.
Check the mortgage origination data: The vast majority of subprime mortgages — the loans at the heart of the global crisis — were underwritten by unregulated private firms. These were lenders who sold the bulk of their mortgages to Wall Street, not to Fannie or Freddie. Indeed, these firms had no deposits, so they were not under the jurisdiction of the Federal Deposit Insurance Corp or the Office of Thrift Supervision. The relative market share of Fannie Mae and Freddie Mac dropped from a high of 57 percent of all new mortgage originations in 2003, down to 37 percent as the bubble was developing in 2005-06.
Private lenders not subject to congressional regulations collapsed lending standards. Taking up that extra share were nonbanks selling mortgages elsewhere, not to the GSEs. Conforming mortgages had rules that were less profitable than the newfangled loans. Private securitizers — competitors of Fannie and Freddie — grew from 10 percent of the market in 2002 to nearly 40 percent in 2006. As a percentage of all mortgage-backed securities, private securitization grew from 23 percent in 2003 to 56 percent in 2006
Only one of the top 25 subprime lenders in 2006 was directly subject to the housing laws overseen by either Fannie Mae, Freddie Mac or the Community Reinvestment Act
Lenders made 12 million subprime mortgages with a value of nearly $2 trillion. Mortgage Companies and Thrifts NOT affiliated with CRA made 75% of Subprime Loans from 2004-07, Source: Orange County Register
>
A study by the Federal Reserve shows that more than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions. The study found that the government-sponsored enterprises were concerned with the loss of market share to these private lenders — Fannie and Freddie were chasing profits, not trying to meet low-income lending goals.
and on and on
-1 for bolding "Private lenders not subject to congressional regulations"
If you had simply copied and pasted something you don't actually understand, that would be one thing, but you went and bolded someone else's assertion that is factually incorrect.
---
There were two primary drivers of the bubble and crash post 9/11 LIRP and automation.
Well that was a kick to the scrotum! Good job!
Mark Levin, is that you?
I think you're conflating the CRA with Fannie Mae & Freddie Mac underwriting policies, which were critical to the bubble and 2007/8 collapse.
Hundreds of scandals have gone by since then, thoroughly unpunished, so I wonder why this movie is coming out now. I looked into some of the cronies calling the shots at the GSE's back then and saved it. A lot is outdated by now. Seems like a fairly bi-partisan effort.
FRANKLIN RAINES [D] – FNMA CEO (1999 – 2004) Raines accepted “early retirement” from his CEO position while the SEC pretended to investigate accounting irregularities. Fannie’s own OHFHEO also accused him of abetting widespread accounting errors, including the shifting of losses, so he and his fellow execs could “earn” large bonuses. The WSJ reported back in 2008 that Raines was one of several cronies that received below market rates for mortgages from Countrywide. Raines alone receive loans for over $3 million while CEO of FNMA. Raines’ compensation for his “work” at FNMA - $90 million.
RAINES GRADE – F
DANIEL MUDD [R] – FNMA CEO (2005 – 2008) Before becoming CEO of FNMA, Mudd worked at the Office of the Secretary of Defense, was an advisor to Asia-Pacific Economic Corp., “served” on the board of the Council of Foreign Relations, “consulted” at the World Bank, and held many positions at GE Capital including president and CEO. Mudd was dismissed as CEO of FNMA when FHFA became conservator in 2008. In 2011 Mudd and other GSE execs were charged by SEC with securities fraud. After his career at FNMA Mudd became CEO of a NYC hedge fund named “Fortress”. Fortress invested in purchasing tax liens on delinquent property taxes from local governments under many benign corporate names such as “Pleasant Valley Capital” and “Travis Farm Investments”. Cozy. Mudd’s compensation for his “work” at FNMA - $80 million.
MUDD GRADE – F
NEEL KASHKARI [R] – FNMA CEO (Tenure is murky) Kashkari was a former investment banker for Goldman Sachs, was tapped by Hank “The Shank” Paulson to lend his skills over at TARP HQ, and now rather ironically, continues God’s work as a Managing Director at PIMCO. Kashkari’s compensation for his “work” at FNMA is also murky; I’ll just assume it was too much.
KASHKARI GRADE - F
HERB ALLISON [D] – FNMA CEO (2008 – 2009) The esteemed Mr. Allison was quickly whisked off to oversee the wildly successful TARP program. I didn’t find much on his compensation during his brief stint as FNMA CEO. Allison served in various positions at Merrill Lynch and became a member of the board in 1997. He was a director of the NYSE from 2003 – 2005.
ALLISON GRADE – F
MICHAEL WILLIAMS [?] – FNMA CEO (2009 – Jan 1, 2012) Mr. Williams is a 20 year veteran at FNMA. While “serving” as FNMA CEO, Williams managed to scrape by on less than $6 million in 2011 alone. This could and should be considered a hardship, given the complexities involved in purloining ~ $60 billion of Fed bailout money.
WILLIAMS GRADE – F
FANNIE’S MAJOR DANCE PARTNER, FREDDIE MAC, HAS ALSO PERFORMED VERY POORLY.
Charles (my friends call me “Ed”) Haldeman has announced his retirement plans but intends to be a good sport and stay on with insolvent FHLMC until another crony can be found to fill his wing-tips.
That might take a while. “Serving” as CEO of the ultimate backstops for the lion’s share of the MBS Ponzi is very stressful.
We’ll have to accept former Freddie exec David Kellermann’s testimony posthumously. Mr. Kellermann was found hanging by the neck in the basement of his posh Vienna, VA home in the affluent suburb of Washington. D.C. way back in April of 2009. It is presumed he had no help and local police have stated there was no evidence of foul play.
Don't forget affirmative action hire Stan O'Neil who loaded up Merrill Lynch with mortgage backs to the gills. I think Stan was a plant along with the Sandler's at World Savings to take it all down.
I remember talking to a kid who's old man worked at Merrill. He said they were forced to sell mortgage baks to clients.
Just like Mafia run penny stock firms where brokers got beaten up if they took a sell order. (not a joke - true)
Rayciss
GREED is non-partisan. And all sides agreed MOAR "home ownership" was desirable. The left got its SJW colorblind automation, while the underwriters were able to increase volumes by thousands of percent while reducing overall headcount. Securitization wasn't actually "automated" since the fuckwits were using MS-Excel, but it was commoditized with Blackrock's pricing model.
These were the days of the original algorithms of mass financial destruction, which were primitive and largely FICO-centric, but everyone wanted to minimize the cost (of logic coding and external data sources) so they coding decisioning based solely on information contained in the mortgage application and the applicant's electronic credit report.
Or all the house flippers who were ALLOWED to TAKE OUT FRAUD mortgages...
There, that's better
Personally responsibillity isn't hugely popular I can see, neither is short term memory. I vividly remember dudes I worked with taking out HUGE friggin mortgages...sometimes two....and treating their fucking houses like ATM's. Anybody with half a fucking brain knew it would end in tears. Is the FED and Banks responsible? Definitely.. The scumbag in Congrees who push cheap loans and low standards for votes? Hell yes.... BUT, so are the greedy, ignorant public, who bought a fucking gigantic McMansion they couldn't afford, with zero down and x6 refi's...... No sympathy for any of them. Plenty of blame to go around. And by sticking your heads in the sand and blaming the boogieman constantly...YOU'VE LEARNED NOTHING. Stop playing the game.
Have you read this book "Me and My Moral Compass" by Hank the Shank Paulson?
http://www.treasury.gov/press-center/press-releases/Pages/hp856.aspx
~~~~
Here's another doozy concerning moral hazards...from the mortgage bankers association's strategic default on their headquarters.
http://www.cc.com/video-clips/qatlaz/the-daily-show-with-jon-stewart-mor...
LetsGetPhysical: Personally responsibility isn't hugely popular I can see, neither is short term memory. I vividly remember dudes I worked with taking out HUGE friggin mortgages...
I remember when my X and I went house shopping around 1999 or so. We had a set price in mind for the amount of the mortgage...staying well within our comfort zone. While most all of our friends were buying huge McMansions on 1/2 acre lots.....we decided to shop for a small cape....a fixxer-upper on a bit more land. I was astonished at the amount the mortgage companies would loan us. I was like WTF... there's no way we could afford a loan for 400K. Absolutely ridiculous. We wound up plopping 15% down and financing 140K or so.....fixed rate and monthly payments were easy. We wound up splitting up and selling the house at the height of the frenzy... so we made out pretty good. I've been renting a small flat while I build my new crib myself. I only have a loan for the 3 acres I'm building on now. I owe 15K and my monthly vig is $187.00
hahaha
Repeat after me: Just doing God's work.
time to wake up the masses. hello your fucked unless you know how to short. bears that hybernated seven years are old, wise and hungry. salmon will be running, time to pounce bears. soros, kyle got your back. yellen is a good christian and will rest the seventh day.
Folks....WAKE UP...the financial crisis was caused by the FEDERAL GOVERNMENT!! Starting with their requirement re affordable housing, up through Fannie/Freddie, and finally FASB 157 (mark to market accounting). This movie is GOVERNMENT PROPAGANDA, designed to take the blaim away from themselves. WAKE UP!
Folks....WAKE UP...the financial crisis was caused by the FEDERAL GOVERNMENT!! Starting with their requirement re affordable housing, up through Fannie/Freddie, and finally FASB 157 (mark to market accounting). This movie is GOVERNMENT PROPAGANDA, designed to take the blaim away from themselves. WAKE UP!
I will definitely watch it when it comes out on NetFlix.
I will definitely pirate it off the internet to watch it. Robbing the choosenites has become a hobby.
Hobby is OK. Just Make sure you dont make it your business. Just ask Mr. Dotcom.
His only mistake was to do it while living in the Commonwealth. Should have come here... no problem.
"Dr. Michael Burry, whose Asberger’s Syndrome actually allowed him to focus on the minutia and discover the fraud before everyone else, is top notch."
No, that was Putin.
LOL! Putin is smart enough. The really sickening part is all the shitbags who picggy backed on the trade Burry created.
John Paulson was one and at Deut Bank Greg Lipppman stole Burry's idea and Grinstein at Goldman. They then tipped off Paulson and others.
http://www.vanityfair.com/news/2010/04/wall-street-excerpt-201004
Paulson had no f**king clue - it was all Burry.
Pres. Obummer's Assburner Syndrome allows him to focus on the putter, the Green(backs) and the hole-in-one.
"I make nothing! I own everything!"
-Gordon Gekko Wall Street
American people have to do moar than get fucking pissed. They have to get even.
Fucking get even big time. Put the Executions on public view for all the world to see to deter future Pure Evil Criminal Psychopaths / Sociopaths from conducting the same deeds.
I want to see this fucking movie. And I want to see it NOW
The PPV alone would put a serious dent in the national deficit.
Soap box---didn't work
Ballot box---didn't work
Jury Box----HAHAHAHAHAHAHAHA dream on
That just leaves the ammo box next. That'll be a shit show.
" aided and abetted by the Federal Reserve, Congress, the SEC, and the mainstream media, destroyed the global financial system, put tens of millions out of work, got six million people tossed from their homes, and created the worst crisis since the Great Depression"
6 Million again???
Though getting tossed out of their homes is far better than getting murdered, that last line/question still sent a chill through my bones.
Guess who's flipping those houses now.
Combined with the rape of savers by ZIRP that put even more money into circulation along with the massive money printing (QE for the bankers) and the consequent devaluation of the dollar’s purchasing power (wages and savings) due to higher prices (inflation), the lion’s share of the population’s savings and available accumulated wealth has been confiscated.
We now await Stalin's ultimate dream -- a money-free society enabling total state control of the masses, economically and physically.
"Stalin...believed that the socialist economy would be transferred into a money-free powerhouse where people would work as ordered by the state and receive in exchange the natural goods that the state decided they needed." -- Stalin: New Biography of a Dictator (copyright 2015)
Enjoyed the movie, but in typical Hollywood fashion, the role of the Federal Reserve and government in pushing housing down to those unable to afford it was not even mentioned once.
Then you'd have to include Bill Clinton in the cast. I remember hearing about the affordable housing bullshit on the radio back then....and NPR commentators crowing about it.
Shit Clinton? That crap goes all the way back to Carter and his Community Reinvestment Act.
I was a little fella when Carter was fucking everything up, so I don't recall much about anything other than having an awesome childhood. The last generation to play outside...
Did YOU steal my Wiffle balls?
Probably not. I may have been too busy sharpening lawn darts, or emulating Evel Knievil to have stolen anything
JFK mentioned the Federal Reserve.
President McKinley was for bi-metalism aka silver and gold as currency.
President Garfield....
The list goes on:
People who opposed central banks (usually end up dead):
(they missed McKinley in their list)
http://www.kamron.com/economics/people_who_opposed_the_frb.htm
American Presidents killed by the Fed and Banksters
https://www.youtube.com/watch?v=T4n0J19yFMY
They tried to kill Andrew Jackson more than once. Arguably the best President in US history. When asked what his greatest achievement was, jackson replied "I killed the bank."
People who opposed central banks (usually end up dead):...
The fed also will use their images on their products to further slap them in the face once dead. Want to know who fought the perps?, look at frn 5., 20., 50., and dept. of treasury .50 and 1. coinage among other products. Despicable people running that outfit, absolute masters of deception, obfuscation and wickedness.
Good catch. They are truly evil. They would put the people on the bills who hated them the most. In reading about Garfield and McKinley - they seemed like decent men. Andrew Jackson was the best. He was essentially an uncultured redneck but a man's man and a patriot. The parties at the White House were supposedly wild.
It makes me sick how these heroes were murdered.
It was a great book, but Bury discovered the shorting opportunity late in the game compared to guy's like Peter Schiff, Bill Bonner and many in the gold sector who saw the housing bubble being blown back in 2004.
The awesome Financial Reckoning Day by Bonner is well written and called the crash early in the cycle.
Wrong Whalley World.
I have been angry since I read the book.
The fact that "they" got away with it is telling and tragic.
If you want to know when America (the spirit) ended -- it was then!
I hope it's as good as you say it is. Everybody should be pissed off about this.
"After unequivocally proving that Wall Street bankers, aided and abetted by the Federal Reserve, Congress, the SEC, and the mainstream media, destroyed the global financial system, put tens of millions out of work, got six million people tossed from their homes, and created the worst crisis since the Great Depression,.."
Find them,
Arrest
Tri
Convict &
Execute
Let's cut with the PC BS. There is no longer any rule of law, so all of this about arrest and convict in a court of law is meaningless babble about nothing.
The reality is, for anything to get done, banksters and politicians are going to have to be rounded up, and summarily executed like cattle, and then, maybe, just maybe, a new constitution set of laws which among the most important would be the creation of honest money, making factional reserve banking illegal, limit politicians to one term (actually, what is the definition of a politician? Ans: one who seeks reelection) The founding fathers had a deep understanding of human nature with respect to governments, but let's face it, these need to be updated.
Since the elites flout the rule of law, this means that they no longer recognize rule of law. Therefore, they should have no complaints when they are rounded up and executed without trial.
So the public can allow themselves the slow grind down in standard of living, yielding like sheep, or they can fight.
I remember Brandon Smith one time in his blog stating that some times the only answer left is to fight. He sited the Finnish Winter War of 1939.
Agreed, still give you a thumbs up. Straight to the Public Executions.
However, that said. We normal human beings have something these Scum Fuck Pure Evil Psychopaths / Sociopath / reptillian brain Criminals lack.
Empathy and Apathy. To just round up and execute would put us on their same Pure Evil Level.
Work within the Republic not the Criminal Fraud UNITED STATES, CORP. INC. system. We know they're all guilty, however, they need to suffer and have their day in our Court System, not their Fraudulent Corporate Court ones.
Perp walks, orange jumpsuits, ankle and hand shackles. This will make the OJ trail look meniscule by comparison.
Empathy has NO place in the process of justice and retribution. It's like tenting and fumigating a house, to get rid of the cockroaches.
I save my empathy for the victims, not the perps, because I maintain intellectual and moral clarity. No Jedi Mind Trick on me, thank you very much ("These are not the vermin you're looking for").
I think we would be okay, if we just killed one or two apiece.
dupe
What? You're asking me to go see a movie that exposes a real life negative impact on by life bought on by the actions of the fraudsters when I can go see a fantasy movie like Star Wars to make me feel better about my miserable life for a second time? Pffffftt....., fuck that!
Agreed, I don't need to see movie of the rape i expericed. Been there done that.
Wall Street is laughing at all the clowns who think this movie will "wake up America"
It would have never came out if it was any kind of danger to Wall Street, the FED, or the establishment
I tend to agree with you since the joos control both