Money, Power and Wall Street, Part Three (full documentary) | FRONTLINE

[@Slickrick444]

These types of docs are SO essential for Americans to watch.

[@adnanbosnian5051]

Because its fake. Yes...

[@wholeNwon]

But even if they do care, they won't organize and VOTE based on these existential issues.

[@flabberjiggles4825]

​@@adnanbosnian5051???

[@dracorpgroup]

This is an excellent review of the whole mess that peaked in late 2008, first in the US and then the world. Underpinning all those events is the whole story of inflation. We see, and we are told, and we believe that inflation is the increase in the dollar price of goods and services. That is not accurate. Those increases are the reaction to inflation not the cause of it. We have to look at President Nixon's speech in August of 1971 where he severed the link between gold and the dollar. He needed to increase spending to support all the debt and the link with gold prevented this; severing the link meant governments could borrow as much as they wanted, or rather as much as the system would permit, to support new spending. Deficits were the new money. Since 1971 the value of each dollar has been devalued by this and so it takes more of these devalued dollars to buy something, anything. A dollar today is worth three cents compared with a 1971 dollar. This is a factor of thirty times. In 1971 a modest little house could be bought for $10,000.00 but now costs $300,000.00 or, again, thirty times. Governments have replaced taxation to support spending with devalued dollars all of which is borrowed. It took the US from its inception in 1776 to 2000 to reach $5.0 Trillion of debt but only until 2023 to reach $31.0 Trillion of debt. The former was in a GDP of $12.0 Trillion whereas the latter is in a GDP of $26.0 Trillion. This is the real truth behind all the smoke. This cannot change and so it will continue through the rest of this century. There is no solution to this quagmire. The system is totally out of control, put another way, essentially beyond any control. Add to this the population bubble and it does not look any better. In fact, it looks much, much worse. China which produced a miracle over the past forty years will run out of people in the next forty years. In China, the young cannot marry, produce children and buy into the economy. In the developed world we have the same thing happening. The boomers are retiring and there are not enough new people to keep the show running. Thank you for reading. Comments are welcome.

[@openmoviearchives7381]

Watching the rich and powerful steal taxpayer money over and over with no consequences does get infuriating though.

[@EvaHoffmann153]

Global financial markets have been significantly impacted by SVB's demise, prompting investors to sell off bank equities hastily and reevaluate their interest rate expectations. I am a $350k investor who is at a crossroads and wondering if it is wise to hold onto securities that are losing value. I want guidance on the best approaches to maximizing my returns in this negative market.

[@henryallard245]

It is unlikely that the market will experience big gains anytime soon in light of the latest developments involving SVB, therefore it is prudent to set reasonable expectations and get ready for a potentially protracted recovery period. It is advised to postpone making big investment decisions until the economic climate in areas of concern has stabilized. It is best to take precautions and stay out of the current disturbance.

[@MarshalWagner457]

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[@AshleySommerset808]

That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?

[@MarshalWagner457]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rebecca Noblett Roberts” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@RowanBryson]

Thanks for sharing, i did a quick web search and found her, she has a good profile and i hope to get a response soon

[@kstiss]

"You owe the bank a 100,000, the bank owns you. you owe the bank a 100 million, then you own the bank." this is a super appropriate quote by a frustrated small borrower that i came across in a book.

[@kirilmihaylov1934]

That's true

[@loisONEILL-r5n]

😮paperwork thief

[@martin2514]

Privatise the profits, socialise the losses. Welcome to the banking system.

[@11riehldeal]

Yep

[@johnmadison3472]

It is the American business model

[@whygohome172]

Yeah, Americans were angry enough to vote repubs back in!!! Another duping from the right wingers complete with a black Democrat black guy as a scapegoat. Almost seems PLANNED!

[@salvatrooch6537]

Well worded.

[@zynnfindo4776]

But socialism is bad mmmk

[@156615]

seriously, how no one got arrested baffles me . if i make a mistake of this kind at work. i am GONE THAT SECOND

[@iGregory67]

Not just that nobody got charged, they got HUGE bonuses... amazing.

[@Mdebacle]

The government people are the employees of the oligarchs.

[@BeeKay5150]

Money talks. That's why we get fired and they get millions.

[@pictureBigger]

In the famous words of George Carlin... "It's a big club. And you ain't in it!"

[@Pinion512]

Wall street is in bed with DC, that'd how. They decide which candidates we get to "choose" from and then they determine which 1 we will choose. No matter how much this stuff is seen, nobody wants to see, so they dont. You'll never get enough people with pitchforks and they know it. We're too civilized and they know it.

[@notabene7381]

"You cannot vote Wall Street out because you have never voted them in." ― Chris Hedges

[@keith1689]

Such a profound statement

[@fredsanford1437]

I love Chris Hedges but I Disagree… voting for republicans OR democrats is voting for Wall Street 💯

[@amovement1202]

Its one Big🦅Bird

[@SteveMHN]

The banks aren't part of the government so why would they be voted in? When clueless idiots vote what do we end up with? Scam artists like Trump and walking zombies like Biden.

[@fredsanford1437]

@@SteveMHN Banks aren’t part of govt??? Come on now buddy. Obama’s entire cabinet was hand selected by Citi. Bankers hold the highest govt offices. It’s a revolving door. Govt is the banks and the banks are govt. It’s the most unholy marriage imaginable

[@aindechen]

The absolute insult of calling this whole mess a PR issue. Millions out of work, losing their homes. Regular middle-class people in my town were in line at the local food pantry. This was so far beyond a "PR" problem, and a "confidence" issue. The unmitigated gall.

[@planobest8120]

It was a scam, the bankers crashed their own economy once they knew they had their insider man ready to bail them out and the same thing is happening again they're intentionally crashing the economy a second time so they can ask for a bail out. And these motherfuckers have the audacity to call us useless eaters, i've never seen a lazier more incompetent weaker (elite class) in any of the pages of history. We should abandon the US dollar entirely because it's clear that the system is corrupt to it's core. When the elite intentionally crash the economy and hurt everyone else financially just so they can gain it's time to walk away nay, run away as fast as you can. Never mind the fact that they were born into a situation where they already have more money than they'll ever need, the greed of these assholes isn't ending they want everyone to be hurting so they'll be vulnerable so they can buy up more stuff they don't need. They want to buy your time, your land, anything they think is for sale they want to force you into a fire sale position where you're obligated to sell everything you own just to get by, including selling your future by going into debt; these fuckers hate other people having prosperity. They are damned, dirty, and dastardly and you and I would be dumb to not do everything in our power to exit their system of gross gluttony.

[@deefpaladin]

Right? It looks like the economy has a real PR issue, because of all the people it bankrupted. How can we restore their faith in this system?

[@scofab]

"The table is tilted folks, the game is rigged. And nobody seems to notice, nobody seems to care..." -- George Carlin

[@Lenore4Evermore]

YOU ARE AWESOME FOR KNOWING THAT LINE FROM CARLIN !!!! YOU ROCK !! "The American dream, you have to be asleep to believe it .."

[@ireneduke5022]

In last 9 months, I lost 5K from AIG (Valic). For me, that is a lot of money to just blow in the wind. Get your money out of 401K and seek other safe ways to invest such as krypton (sp?), gold, and silver. I'm sick of these thieves. Middle class is headed towards being poor, plus having no home.

[@avidodd26]

"its a big club, and YOU AINT IN IT" --George Carlin

[@DanielGoldMcduckRose]

“Paying 18% interest on something that cost $12.50 and they didn’t like when they got anyway”

[@scofab]

@@DanielGoldMcduckRose You got it Brothers... regards.

[@BrokeredHeart]

"We're all in this together," said the bank executive worth hundreds of millions and who gets a golden parachute and a cushy bonus for "avoiding financial disaster." They gambled with the livelihoods of millions and lost, and instead of repaying the people who footed their bailout, they walked off with after handing America an IOU written on a used napkin. They got bailed out again this past year when the pandemic recession rocked Wall Street again. That's three major recessions in under 20 years, with zero repercussions, and not a single person put in prison for it. People asked for change, and instead it got a president that was adamant that lessons had been learned and they won't do it again. We can't keep doing this, funding their private casinos using pensions and mortgages as their betting chips.

[@alexphoenix9208]

Yup..... current capitalist economic ideology is a lie, and the whole thing is a corrupt mess. There is no difference between Reps and Dems.... they both serve their corporate masters. There will be no justice in this world. Things are not likely to change, and it will be a social revolt again. Then things will be really bad, all because of greed..... and a "for profit" motive holding higher sway than social responsibility.

[@toddb930]

It makes me sick to think about it.

[@LibaaxTopG]

Yes, we can.

[@Mdebacle]

One point is this: every stock market crash was followed by a big batch of funny money, which caused stock market recovery.

[@kabagispinoy9127]

FAILURE AND CORRUPTION

[@StaticSilence1]

This documentary should be called The Great Betrayal.

[@MaryRose007]

It should be called “BALLSLESS POTUS”

[@Keys7]

Money, Power and Treason. They were supposed to go to Federal Prison.

[@vernonnilesjr8752]

Exactly I agreed with you 💯💯💯🤬🤬🤬🤬🤔🤔🤔

[@Clubrat]

Good documentary. Too bad people are still just as clueless as they were back then…. The young seems to be well informed trying to build a whole new system to take these criminals out of the equation. In some strange way a depression would solve many of the problems while bailouts and pumping the banks only makes the main problem worse.

[@judiesuh6858]

@@Keys7 Why the normal laws doesn't apply to these criminals who stole our tax $$$ for their greedy mistakes? We ger levied until we die if we did so much as be late on a mortgage. And yet these bankers who made money by gambling in our livelihood and turn around to ask for 700 Billion dollars??+ 180 billion. Measely $300 unemployment will deter us from going back to work they say..this world is nuts!!

[@domesticatedwolverine4152]

United States is not a country its a corporation

[@11riehldeal]

Central banks are the real govt

[@davidgiles5030]

Pretty obvious from overseas. Your government and courts are owned by big business.

[@11riehldeal]

@@davidgiles5030 haha it applies to all of Western Europe as well at a bare minimum.

[@roberttausig9170]

@@11riehldeal Nowhere near to the extend of the USA. You are a dystopian state in our minds, privatising even critical infrastructure, healthcare, childcare, education,... we wouldn't even dare to think about. (Not even mentioning all the other countless problems you have, like your christian fanatics and your voter suppression). Granted, we Europeans and our governments are far from perfect. But the difference is like a burning candle to wildfire.

[@specom]

@@roberttausig9170 there are millions of war dead, including 6 million dead jews, who would disagree with your view of Europe as a utopia...

[@maxprado9030]

I remember getting denied for a car loan less than 15k with no debt and a full time job working 40 hrs making minimum wage. BOA and Chase said no even though they just got bailed out. Never forgot that.

[@brucel9585]

saw first two parts in 2012, amazing, but seems thing s still unchanged even 9 years past, greed is always greedy.

[@z.x.c.l.s.b.n3531]

I agree 👍💯

[@waynedonoghue4071]

Yes, greed is very much in human nature... Greed is what caused millions of home buyers to take the 100% mortgages the banks were offering, even though they didn't have the kind of career/stability that could enable them to pay it back! That was a good example of human greed in action.. The crash happened due to a broken system... a system in which every creator, buyer, and seller of the financial products it operated around was involved! Banks, investors, and yes, the American people, were all involved in that system!

[@micbear9334]

@@waynedonoghue4071 true but only the American people really are still hurting from the fallout. They were not 100 percent to blame but took almost all the heat. Bankers should have paid some price so should have politicians

[@micbear9334]

@Amy Callis agreed, all the worst transgressions seem to be bipartisan

[@zhang_han]

greed will always be there, but it can be controlled through rules (laws). The real problem is there's no incentive and thus no stomach for government bureaucrats to outlaw this level of greed and risk.

[@maxdilly99]

One of the best documentaries I've ever watched.

[@bryanwindham4701]

Greetings everyone i will love to know what to do to add to my job as a side hustle to double my income i need something to support myself with aside from my job can anyone here share any side hustle ideas or business ideas with me please, something that won't come between my job cos is all i've got for now

[@wilsonthomson6987]

I will advice you make deep research about forex investment, tho i've been earning big from in since the past 3 months till date, but i will advice you still do your own research seeking a professional guide to help skip loss as a beginner

[@judasmathew5924]

forex isn't like any other work as you must learn the basics and then practice before engaging in real time. unfortunately, You can benefit handsomely from an investment adviser's strategies and trading software while learning from your portfolio.

[@victoriayancy6047]

I used to see forex trading as a side thing but it has proven to been a major source of passive income ever since i came across Mr Carlton Jefferson, his experience of forex market is unrivaled.

[@bricksgreen7718]

Trading as a beginner was very difficult due to lack on trading experience, this resulted in losing my funds though I've been able to recover all that I lost, all thanks to Mr Carlton, i never knew good trader still existed till I come in touch with him

[@zackfernimore9147]

One of the secret of having a better trade is to master a particular strategy. Most beginners are always affected because they are not been guided.

[@occamsfarm1675]

I'm in financial services and even I can't believe how much these guys got away with. The U.S. people gave them money with relatively no conditions. No financier in the world would have given them those terms. No restrictions? No conditions? Virtually no voting rights? If I were a U.S. citizen I would have been p*ssed..especially if I had lost my home, job and savings in the process. Catwoman said it best: The rich don't go broke like the rest of us (paraphrased)

[@chrisr4482]

I did lose my job and my home. Had to foot the bill for the bailout, and now the banks wont give me even a $500 loan/credit card.

[@MFYouTube683]

@@chrisr4482 I‘m sending you strength, light and perseverance. You are not alone. We are many.

[@thegoodsmaster]

US people *involuntarily* gave them

[@srirambhamidipati]

Obama is a machiavelli, so it seems . He took the easy path of paying wolves to kill sheep

[@Snadzies]

@@MFKZbin683 How about sending him the $500 the bank won't give him instead of your useless thoughts and prayers.

[@padmajaakkapeddi1983]

I like the way everyone shifts blame and nothing sticks to the worst offenders

[@iHadWaterForDinner]

Both parties are complicit as hell.

[@ryansalyinglion3683]

Money and Bombs never change, only their stance on social issues to divide us.

[@notabene7381]

"The capitalist party never loses a game. It owns both clubs." ― Wise Chinese philosopher

[@tiadeese]

The Party of One

[@sene311]

The culpable one is the GOP! And those who voted for it! Deregulation was the problem! The GOP is the master of Deregulation!

[@iHadWaterForDinner]

@@sene311 both parties are scum. Stop pointing fingers and remove both sides, sheeple.

[@dasritzoo9234]

The decision between Paul Volcker and Geithner was fucking tragic. Financial crisis and you chose a Wall Street bro over one that will take them to the shed? That is what betrayal looks like.

[@bravosierra2447]

Then he did it again when he chose Geithner over Summers.

[@jirenthegray]

@@bravosierra2447 Geitner was right. Had Obama gotten rid of the CEOs, it would have cost massive panic, especially in the conservative Republican party which already believes that the US government should be small and limited. It would prove their belief that the US Government is too powerful that they can control the banks and fire all the CEOs.

[@justmyopinion9883]

Thank you, Frontline. This is a great series.

[@SimplyKnownAsTron]

Frontline is, "DuhShit".

[@692ALBANNACH]

@@SimplyKnownAsTron It's super bad.

[@frankhynd885]

The Federal Reserve publicly asked Congress for $700 billion in October 2008 to save the US financial system. Secretly the Fed lent $ 7.77 trillion, eleven times as much, to US and banks all around the world in December 2008, which means that the banks were in a much worse financial state than was publicly admitted.

[@coreycox2345]

Several huge bailouts were made to banks that may or may not have failed without them on the premise that they would. If we had left these banks to fail, it would have been a free-market correction, Frank Hynd.

[@dianaverano7878]

They created financial products among themselves. Bet and estimated for trading on their own. Who would know the real values of the losses? People will lose confidence on banks and will make more people panic. Such panic can create more problems Banking & finance is dependent on trust of people to the system

[@marcusgray2799]

Yes. Obama admitted if he knew it was this bad he would have never took the president role.

[@MauricioRenacidoEnCristoJesus]

Frontline you guys are the topnotch of the best. Congratulations to the director and everyone in the Frontline company. Your documentaries are just unbelievably perfect. Thank you for keeping us informed.

[@thiskiddyahoo]

Markets were seasawing for months! Drops of 400, increase of 100-200, but never recouping completely in the first half of Obama's 1st year, which was not an unreasonable but expectations from Wall Street was high! They blew the economy and wanted to be paid for it! The biggest fail was not stopping the Foreclosures, Banks got paid so homeowners should have been allowed to stay in their homes and provided fixed rate 30-40 yr loans, but the people got nothing! Except bad credit and high rents from that point forward to this day(2021)!

[@generalsifr2995]

Same fools end up voting for tea party. So it is hard to help those idiots. Democrats could have pass some form of relief for average if they held on to the house in 2010. But the idiots who want help the most voted for people like Ted Cruz and Ron Johnson.

[@Stacie45]

I'm not so sure about that. I was a working stiff living in SoCal who never could have afforded to buy my own place before the housing market crashed. I laid low and saved my pennies and my job survived the recession. Turns out I snagged a nice crib out of foreclosure with the help of 7 grand in free gubmint cheese from TARP 3 or 4, not sure which but it helped the wheels go round. So my little slice of the American Dream is probably built on someone else's trail of tears, I can't help that. I was just the last vulture sitting on the fence.

[@thiskiddyahoo]

@@Stacie45 Glad you were able to get into a home of your own. However, it's important to understand that the housing market issues of that time were two fold, first none of those homes were really worth the prices asked and buyers were promised the opportunity to refi into a fixed loan before flex-loans adjusted, 2nd the market was falsely inflated by the selling of the derivative debt packages that Wall Street was running wild with and filling their coffers. PURE GREED that feasted on the bones of Americans! Wall Street benefited with bailouts and foreclosures that gave them free real estate to resell. The Gov should have required the banks to release the homes to the buyer-owners since the taxpayers bailed them out, or at the very least made them refi them into fixed loans at the current recession value, but instead they gave it all to the banks, banks that pay little to no taxes. Criminal, but no one went to jail either.

[@barbginther2171]

First, houses were sold, payments made, then banks repo-ed, so, they made the sale and got the property THEN, came the banks' bail out, and, banks had bet on the short.. Looks like banks got paid 5x ?? Uh, yeah. Nobody's too big to fail. We always get robbed.

[@thiskiddyahoo]

@@barbginther2171 Yep! That's what I am saying too.

[@NextStop2030]

Well done on this series. Now you can start doing another docu live everyday. Whats coming makes 2008 look like someone dropped a piggy bank.

[@davedave5787]

Amen we aint seen nothing yet, but total chaos among main street..... very sad!!!!

[@NextStop2030]

@@davedave5787 You aint shittin. What a complete shit show today. Potato head, Afgan, Australia, DHS trying to say the unvax are terrorists. But the spy keeps on trucking up, just like my PFE calls. Its bittersweet.

[@StaticSilence1]

I have nearly no fixed equity investments right now. Just waiting for the drop.

[@11riehldeal]

@@davidspader4228 I’ll keep an eye on all politicians regardless of party

[@tonypaella]

@@11riehldeal good. That will make the difference. Thank you.

[@MJ-fo8sc]

51:44 - "This crisis really never ended." Very, very true! Let's see if those responsible are held accountable this time!

[@marshalsoult3860]

you cant held the banks accountable. this is why obama looked generaly inatead of blaming them that wouldn't saved the economy. its dirty but banks are crucial

[@thesnackbandit]

The banks CANNOT be held accountable. It sucks but they really are too big to let fall,

[@toshiojohnston3732]

Only if their italian.

[@mattbob1995]

what if covid was just an inside job to start up the money printer again and rip off tax payers even more

[@DanielGoldMcduckRose]

Doubtful

[@oldones59]

Being financially well-off or knowledgeable can't shield one from suffering. Case in point.

[@nohopeequalsnofear3242]

Poor hank....having to give all of his wall street buddies trillionss of dollars. Must be hard for him to enrich all his friends🙄

[@prestonthomas5399]

He prayed and asked god for guidance…

[@henryford2950]

I mean, these are the same people who don't bat an eye spending hundreds of billions on for-profit wars and phony pandemics. What's to stop them from making these special deals with Wall St. and company?

[@larrytennant7476]

We have a broken government, get the lobbyists out and turn wallstreet out to sink or swim.

[@yengsabio5315]

I'm not US American. I'm only an outside observer. As we look back in retrospect through this documentaries, I wanna ask, what reform(s)/rebuilding is the Biden administration doing to protect US Americans from such financial crisis as this in the future?

[@theseventhgeneration6910]

Not without blood.

[@theseventhgeneration6910]

@@yengsabio5315 currently, not nearly enough is being done to plan for the impending disaster that is less than a decade away. The powers that be are stuck in a medicated, optimistic state of mind and negl8gent to the consequences as they unfold and even, after the third messenger has delivered the truth.

[@yengsabio5315]

@@theseventhgeneration6910 That's a sad state, eh mate! I remember, when all of these are happening, at least we are more fundamentally resilient here in the Philippines. We felt the financial crisis, but not to the extent that we've been beaten & crawling on the ground. At that time, jobs are stable esp. in the construction sector so that even a lot of people in the lower income sector have salaries & make money on the side. But observing the USA as this economic recession is undergoing in 2007, 2008 & up until now is really something that makes me think, and ask, what the heck has just happened to United States of America? How could the US government & its people allow this to ever happen? As an observer, it's mind-boggling, eh!

[@austinadjutant5684]

@david spader Are you serious? Trump literally sword danced with the Saudis

[@ewalker1057]

The banks weren't too big to fail. They had failed.

[@Ravidist]

They failed, and then the government saved them with no strings attached

[@SecondTake123]

Right! 😂

[@dontundra2259]

@Get At Me exactly

[@tomlxyz]

They failed their task, yes, but they were still operating with many businesses depending on them so letting them collapse would have affected many businesses that had weren't responsible for the mess

[@m......7984]

@@tomlxyz people don’t understand that, if they let that system crash it would’ve been way more catastrophic than a few people losing their jobs and homes. If the system survives the game continues and hopefully you can find a way to play again

[@michaelmoffo1139]

These documentaries are extremely insightful and entertaining. People need to understand that if our government didn’t take these actions to bailout/support our banks the economy would be in a way worse place

[@BlueSoulTiger]

51:20 "In many respects the financial crisis never ended". That was in 2012. I'd say the same in 2021.

[@DennisJack-km8ho]

Creating wealth entails establishing positive routines, I had only $78k to my name at 42 when I first woke up to this reality. I chose the stock market as a medium of growth, got an excellent financial advisor, Financial management is a vital subject that many avoid, often leading to future regrets.

[@CrystalJoy-32]

Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $500K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.

[@FrankPatrick-no8zo]

No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.

[@jose2212-]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@FrankPatrick-no8zo]

There are many independent advisors to choose from. But I work with Monica Shawn Marti and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.

[@RuthEvelyn-rc3bg]

Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.

[@Ravidist]

They left that meeting with no strings attached. That makes me so incredibly angry. America really died that day

[@tiadeese]

America has been dead. Centuries ago.

[@craffte]

There are always strings, just strings you can't talk about.

[@toshiojohnston3732]

Then let America die.

[@goyaame4517]

@@crafftepls

[@christendenise220]

Here we are again 2021, no houses left to buy, many cannot afford what's out there...

[@samdasilva1914]

"we are all in this together" Would that be bankers, presidents, politicians and government officials stealing taxpayers money? Because none of them lost their homes, their jobs or their savings.

[@justmyopinion9883]

Sam DA Silva, so true. The only ones who lost their homes, jobs and savings were the little people.

[@slobodanpaunovic3834]

CROOKS and THIEVES

[@xoxoxoxoxo7997]

Do a documentary about how many people will be living in tents as soon as the eviction moratoriums end and unemployment benefits end

[@thechosengod576]

Am sure they will 👍

[@gatewaysolo104]

Get a job?

[@TSARMOTAF]

I guess you may not have heard. Living in tents is now illegal in some parts of America so now Americans can't even get THAT.

[@iHadWaterForDinner]

​@@TSARMOTAF so what youre saying is.. we shouldnt vote woke if we didnt wanna go broke? ha! good. fuck this country for being so lazy. Time for a nice reality check in the form of starvation! enjoy!

[@karensams994]

So many bummy people in US. Get off opiates/alcohol and get a job. Most homeless people deserve to starve. If you can’t find a job in this economy, just lay down and rot.

[@bessermt]

36:00 We're all in this together? These guys are in a luxury yacht while the rest of us are on rafts made from sawdust.

[@dianaverano7878]

It enrages me. Im not even american. How can americans let those who endangered their pensions not placed in jail?

[@ericwilson4901]

​@@dianaverano7878It's the American way!!

[@dianaverano7878]

​​@@ericwilson4901 That is sad. These people should have been in jail for making the lives of americans miserable.

[@jmike_rockaway]

I understand why the fed felt they needed to bail out wallstreet, but why didn’t the ppl who were responsible for this mess not face severe penalties? Heavy fines, removal of positions shud have been mandatory, then charges shud have been filed , letting them make all that money and then skate off Scott free was an atrocity and completely unforgivable

[@jamesfreeman2258]

Ditto

[@KUSHEDTHEFUCKOUT]

The best way to rob a bank is by owing one.

[@mad6668]

then you are robbing your self

[@KUSHEDTHEFUCKOUT]

@@mad6668 it’s actually the name of a book The Best Way to Rob a Bank Is to Own One: How Corporate Executives and Politicians Looted the S&L Industry Book by William K. Black.

[@roryjones95]

@@KUSHEDTHEFUCKOUT I'm going to buy a bank!

[@bhe8336]

@@KUSHEDTHEFUCKOUT all that safe paper was really all just... Paper wasnt it? Ahh the 80s.

[@Josh-hy3em]

Oceans 11 sequel

[@mim8312]

Geithner gave the banksters "encouragement?" I would characterize what he did for them more like full-service, Thai massages with a free, happy ending. He has a guaranteed financial future now. His great-grandchildren will probably now get awesome jobs with the banksters. They owe Geithner everything for saving them from any punishment and bailing them out.

[@joeymurdazalotmore6355]

Just a lil encouragement a lil coupon. Not even a coin

[@zombiestory6353]

When that guy started advising Obama he was worth less than I am now he's worth many millions more than twice what I am worth and technically I'm a multi-million person. The very appointment of Eric Holder proves that they never were going to send anyone to prove that it's not because they were worried about the f****** a economy Obama disgust me

[@teresabarrett8676]

They owe Obama more. Absolute power corrupts ABSOLUTELY.

[@bravosierra2447]

Going with Geithner’s policies Obama followed the path of lease resistance because he feared wall st more than the public.

[@thegoodsmaster]

@@bravosierra2447 oddly most European countries have a tendency of fearing the people. Especially when civil servants claim to be apart of the people. Those in power look to step down or give in to concessions

[@buckbiro]

I wish Paul Volcker would have been allowed to bust heads. We may have been in much less trouble than we are now. We need another Volcker, as much as it would suck.

[@millennial_JFK]

I appreciate this documentary shitting on both corrupt political parties ❤️

[@thesilentgeneration]

Sommers was right. Not taking over the big banks and reforming them has just prolonged the crisis we now have.

[@DontBeStatusQuo]

6:00 Paul volker would have been the better choice. Taxpayers wouldn’t have bailed out the banks…. You go through a tough period, but it’s short, and it leads to a long period of prosperity vs. kicking the can down the road… and look at where we’re at today folks. The dollar supremacy is near its end.

[@WJWeber]

A tough period? I think that is an understatement. Sadly the bailout pays for itself versus the alternative. All it really does is send negative messages

[@DontBeStatusQuo]

@@WJWeber yes a tough period. Look at what he did in the late 70’s with interest rates. Caused pain, but was able to get inflation under control; which led to a long period of sustained economic growth

[@ellastendal8532]

@@WJWeber u U U ui U U u U uuuuuu u I u h h h hi hi h H uh u H h Ui H Uuu h h H ugh uh uh hi I h h h h U I Ui Ui ui hhhh Gg

[@zombiestory6353]

@@WJWeber no dude you're wrong we would have suffered for a while but the suffering that we're going to have now it's just going to be unbelievable we've reached the end of the road quantitative-easing we never recovered from 2008 that's all an illusion caused by flooding the banks with money but we've been doing ever since then

[@WJWeber]

@@zombiestory6353 I disagree

[@funbomb1102]

I never paid attention to this Still do not watch the news, but I do love these docs. So well put together. The smooth voice of the guy Great stuff

[@Ys_Guy]

I use this as ASMR sleep tactic

[@MeezyTheKid99]

This is my first time watching this documentary Wall Street Documentary Part Three. For real everyone. Yes. Facts. Believe it.

[@lynbeck2359]

Feds still save the financial system while bankers save themselves

[@theseventhgeneration6910]

Until we drop kinetic assassinations from high altitude balloons.

[@jewelerseyeview]

Love the Haiku layout.

[@christopherh5672]

Privately owned Fed Profit off it all

[@FeliciaGrava]

Fantastic...Powerful strategy!!! Thank you very much for the clear concise explanation!! You are a good person and the first I've come across without expecting any money from beginners like us who are already struggling providing for our families. God bless you.

[@neonnoir9692]

They destroyed people's lives. Absolutely people were super irresponsible with their mortgages, many of whom had no business getting a mortgage in the 1st place, but the banks needed to help clean all that up with their own money.

[@fu566]

It kills me that the education system in this country continuously is manipulated and twisted to teach people I to believe things that are just against their own good

[@SingeyLababspa]

Great series , We need more documentaries llike this

[@Whateverulike448]

The more I watch this, the more I come to believe that something that often draws a parallel to betting shouldn’t have so much power to completely mess up everyone else’s life.

[@freebiehughes9615]

Wall Street banks pre 2008: "Laissez-faire capitalism! No regulations! Small government!" Wall street banks 2008: "Please give us billions in government money!" Wall street banks 2008-next crisis: "Laissez-faire capitalism! No regulations! Small government!"

[@kirilmihaylov1934]

Exactly

[@dianaverano7878]

If they lost the money, they should pay for it. Liquify their assets even after many yrs. That should be the rule. It's your pensions. Your houses. Your business.

[@assassinsrequiem]

When they bailed out those businesses & banks, they should have arrested their CEOs, charged them with federal crimes (corporate espionage & economic terrorism), and liquidated their estates. That would keep all others in check & keep them from making these economic mistakes.

[@Matt-cr4vv]

Lawmakers created the environment for them to do these things. How do they step in and then arrest people for operating in the way they themselves allowed them to? Lawmakers as is common allowed the problem and then came in to posture against the problem they allowed to exist knowingly

[@assassinsrequiem]

@@Matt-cr4vv but who buys the lobbyists and buys the politicians and buys the lawmakers? The same people who buy the advertisements to promote their puppet, and that puppet runs for office because the money to get INTO office is what you need to fight.

[@rus7396]

The world is so close to experience one of the worst economic meltdown ever experience by man kind in the great tribulation.

[@theseventhgeneration6910]

You are entertaining a dark place. Fatalistic and negative. Arrogant and misunderstood. The answers you seek are out of reach. Find your future within your history. This is not the end brother. Lately a new beginning. The book is difficult to understand. Don't solve that puzzle on your own. Your guiding light must represent the perfection of love that your soul expects.

[@Rickwmc]

Money is power, power is money, Money corrupts and Big Money corrupts absolutely.

[@kirilmihaylov1934]

That's true yes

[@subelildirty491]

Watching The Bush administration train wreck was painful. You're asking potential Presidents and Wall Street guys for help. Seeing them make all those mistakes. Billions with no restraints. Obama comes along and says: Let me borrow the playbook. If Volker and Summers were allowed to take over. A different world today. 💯 Everybody "Save yourself" Basic Living 👍

[@lorinelson7523]

Get Corporate & Wall Street $$ out of politics and we would, for the first time, see meaningful change in the way our government works and have a government that would be geared toward working FOR the people that vote for them.

[@alexphoenix9208]

Good luck. The USA has one political party. It has two faces, but really only one choice..... corporate america! There is no "democracy" in the USA, voting is a sham. Yes you can choose your figure head, the person who will be servicing Wall St. Wall St. rules America, not the people.

[@Mdebacle]

Someone has already quoted, "The table is tilted folks, the game is rigged. And nobody seems to notice, nobody seems to care..." -- George Carlin

[@ismeth3356]

Thank you Frontline.

[@christopherursino4281]

I do not use banks because of this. Excellent investigative reporting! Thank you.

[@dianehong1217]

Moral of this story - cowardice is a gift to the powerful.

[@ga1226]

Back when 120B was a huge deal. Now we're talking in terms of trillions and 80B in cash infusion by the Federal Reserve every month by buying bonds.

[@henryford2950]

They just keep printing all that money. When you're the ones writing the rules, the whole world's your oyster.

[@community1949]

Just like now many people have lost jobs due to the pandemic - I was laid off from a hospital job that I held for 30 years and I was 5 years away from retiring in 2015 but they laid me off in 2010 without a thought of what that did to me - 145 people were targeting from Community Health Network, Indianapolis Indiana in 2010 and we were older so we were able to get our pensions and eventually get our SS but the cost was tremendous. I still had to buy expensive health insurance until I turned 62 and I was 61 when they laid me off in November, 2010. Heartless people with no thought about the consequences. But President Obama had nothing to do with the layoffs or the financial crises of 2008 or 2009 - he wasn't even in office yet.

[@JayBryce916]

Bring back the gold and silver standard💯

[@11riehldeal]

No chance.

[@johnmwangi8706]

Gold will give u freedom - as we all know they hate freedom

[@ARFFWorld]

Wallstreet not showing up to the Obamas speech was a big F U to the American people.

[@danceoutnow]

The sad truth is this crisis was a rare opportunity to truly address the rot, corruption, and back door dealing around the business and finance systems the same way Theodore and Franklin Roosevelt did in their respective times. But our leadership lacked the confidence and moral character to do what needed to be done. Sometimes doing the right thing means going through some serious problems. And yes life would have been very, very difficult had the system truly collapsed. But they couldn't bring themselves to do the right and hard thing. And the average/poor Americans are still paying the price today and will be for a long time

[@issacf4416]

36:50 “the bankers received over $180B with no conditions.” (Only in America)

[@kerrymarris4260]

No 7.7 trillion dollars. Behind our backs.

[@LaLA441000]

Major Respect for Senator Ted Kaufman. That's a Real One.

[@kazkk2321]

Imagine what it takes to be a president in the first place. Imagine waking up every day knowing you have to deal with such things

[@lori5946]

They bailed out the banks but not the people. I lost my home. Wells Fargo agreed to short sale and then backed out and I got foreclosed on. This is after I moved. I lived in this house for 14 years but refinanced after fixing my home after 3 direct hurricane hits. They refused to refinance to a 30 year mortgage said my house wasn't worth what I owed.

[@mayatate2793]

They teargassed and beat people who lost everything. They pepper sprayed them, arrested them, broke bones. And all that happened to the people in charge is that they got yelled at a lot and then paid. This country is a disaster

[@ronaldtartaglia4459]

Will Lyman. The greatest voice over artist of all time.

[@craffte]

Schreiber's still my fave.

[@dofufu]

WE all thought OBAMA was going to make a difference, in the end, he ended up on their side too...look at his 60 yr bday...

[@Mortimer_Duke]

But they were sophisticated and vaccinated according to his fawning apologists. And who knows how much farther their private jets carried Delta beyond the party tents.

[@11riehldeal]

@@Mortimer_Duke wtf are you talking about? Lol

[@SecondTake123]

@@11riehldeal Obamas Birthday Party.

[@tiadeese]

His presidency was insured by them. When we understand presidents are CHOSEN by them and not by us--we'll begin to understand how f*cked we've always been. EVERY PRESIDENT is a minion to the ruling class.

[@leonard2104]

@@tiadeese apart from trump. That's why cooperation's did all they could to vote him out. But people are still blind not to see that trump was fighting a very powerful system

[@ImZeroDayz]

Can't wait for part 4

[@sandeepmehta5311]

Part 4 will be in 2030, How did we let dollar demise.

[@DScaglione.]

No one went to jail

[@dianaverano7878]

That is sad.

[@dc2guy2]

16:37 - "fiRsT" did him dirty 😂

[@dwaynehendricks7842]

They should've paid us back, plus interest, plus fees, waived all bonuses!

[@xcapitalmoney4089]

Isn't lobbying same as bribe?

[@DeathStarU.S.A]

Yep

[@johnmadison3472]

I'd say it's purchasing

[@christopherh5672]

Why is there no cap on donations! Of course there s corruption

[@xoxoxoxoxo7997]

3.5 trillion dollar bill and it doesn't include any stimulus checks, unemployment benefits or Snap benefits

[@henryford2950]

Just another corporate givaway.

[@davidnorth3411]

Greed is not an invention , it’s a condition always needing without asking .

[@purplechemdawg]

another banger of a video

[@larrytennant7476]

History is about to repeat itself.

[@twweety9]

It sure is

[@benhurbenstiller]

12/27/2023 and still nothing....

[@cmcas]

How much does a person have to work, an honest to God job, to earn $1 million in a lifetime? How much blood, sweat & tears, study & effort? These banksters/gamblers get billions of $ free of charge *for losing a bet* with *other people's* money!

[@kitiyana]

Quite a soft, light doco. The dupers delight on some of these contributors faces is hard to ignore.

[@nateganz]

THE PEOPLE NEED JUSTICE and to HOLD ALL THESE CORUPT LYING CLOWNS RESPONSIBLE!!!

[@patson420]

keep em poor

[@matthew-jy5jp]

Best journalism on tv

[@donthomason8409]

Front line is not telling you the whole story

[@donthomason8409]

There isn't any way that this is a great documentary

[@donthomason8409]

Yeah they summoned the big bankers and stuff it was all for show until though like they were really doing their job

[@donthomason8409]

Yeah they fired to see yo but they didn't cut any of his benefits it didn't cut into his bonus the bonus the asshole was rare to retire anyways

[@sstarklite2181]

Watch the movie “Falling Down” and see how the wage system destroys people’s lives, including the children’s lives whose parents are going through STRESS AND STRIFE and anger and insanity!

[@prestonhanson501]

2008 was the year we officaly seen socialism for the rich, capitalism for the poor

[@christopherdavis163]

These greedy and selfish choices is what broke the camels back!!!!

[@SHurd-rc2go]

I'm waiting for the program that brings out the disgusting bonuses paid to the worst of these people. Maybe #4. I'm grateful to have Frontline at last, because I live out of the US.)

[@mim8312]

Geithner was supposed to prepare the reforms?! Why not have Charlie Manson or John Gotti or Meyer Lansky draft anti-crime legislation too?

[@LondonBrazilianDancers]

Brilliant upload, thank you!

[@tammieknuth6020]

It hurts listening to this and makes me beyond angry; especially like a seizure

[@dontundra2259]

It’s rough

[@sirrom5155]

you can always depend on the veracity of a doc produced by many of the same interests that caused the crisis in the first place.

[@natalyawoop4263]

This was done by PBS, they are a non-profit organization.

[@mim8312]

With Geithner and Eric Holder as economic advisors, President Obama might just as well have gotten Putin as his secretary of state and the CCP's Xi as his secretary of defense.

[@user-wy2iw5vy5u]

The investment industry is built around the idea the economy will move and profit everyone. The reality is that looses will occur as more people become involved in extracting an income from a finite amount of wealth. The thinking is outside of most peoples ability including my own.

[@misaeljulian1985]

Where’s MICHAEL burry. He had predicted the crash since 2005. He even send the SEC a letter on how he knew it would crash.

[@Alan-Aus]

great coverage

[@toddb930]

The amounts of money talked about in this series is small compared to what was spread around during the pandemic.

[@minymoe9475]

True. Most of it fell on the hands of these crooks.

[@conflagrationTuesday]

At one point a commentator said that they borrowed over a Trillion dollars, sounding amazed. Banks borrow over a Trillion *per day*, now. Look it up: reverse repos

[@TenTonNuke]

The idea shouldn't be that banks are too big to fail. The idea should be that when banks fail, they fail big.