Robert Reich on The Big Short

His blog post on this follows below. And they're at it again with the bespoke CDO. Wall Street's paid governmental lackeys are paving the way for the next crisis and bailout at society's expense. I only hope this film wakes up enough people to vote for Sanders, for he is the only one who will at least try to curtail this mess.

Reich:


"If you haven’t yet seen The Big Short -- directed and co-written by Adam McKay, based on the non-fiction prize-winning book by Michael Lewis about the housing and credit bubble that triggered the Great Recession — do so. Not only is an enjoyable (if that’s the right word) way to understand how the big banks screwed millions of Americans out of their homes, savings, jobs, and investments; it’s also a lesson in why they’re on the way to doing so again, and how their political power has shielded them and their executives from any accountability. Most importantly, it shows why Bernie Sanders’s plan to break up the biggest banks, reinstate the Glass-Steagall Act, and impose a small speculation tax on financial transactions is necessary – and far superior to Hillary Clinton’s more modest proposals."