This made me want to understand the financial operation mechanism more urgently. In modern society, this is quite necessary. If I keep the knowledge of humanities and social sciences, it is easy to be cut off as a leek.
Documentary - "Financial Crisis: Stealing Yourself" Banks manage money and loan money that is three times GDP, share price rises 9 points Millionaire borrows billions to buy foreign industries The US government's review found no problems, and Iceland's credit rating was adjusted Top Financial Crisis: Government and Bankers' Stupid PR Show Iceland Tricks the World They Get Huge Personal Gains from Public Losses Companies collapse (largest insurer) Securities fall, 30M job losses, Treasuries rise
After the rise of the U.S. financial industry, economic crises occurred frequently, but the financial industry became increasingly wealthy. After the 1980s, the financial industry began to rise. For example, in the 1970s, Wall Street had to rely on part-time jobs to subsidize the family’s securities dealers. In 1986, he became a millionaire.
The Reagan administration engaged in deregulation of financial regulation, allowing the use of savings deposits for venture capital investment, savings and loan companies failed, many people lost their life savings, this was the first large-scale bank robbery on Wall Street The financial system continued to ease financial policy, and the Clinton administration contributed to this Momentum, Citibank's acquisition of tourism companies for investment, which violated the Venture Capital Act, the vice president of Citigroup declined to be interviewed, its annual revenue is over 100 million, and the relaxation of supervision is equivalent to losing the tanker's warehouse
Investment banks will sell what they know is a hopeless Internet company, Fannie Mae, exaggerating its earnings by $10 billion After the end of the Cold War, intellectuals poured into the financial market and joined forces with governments and businesses to create new derivatives of weapons of mass destruction Financial products are not regulated. After George W. Bush came to power, finance was in control. In investment banks 5 3 insurance monopoly 2, after lenders received loans, they gave them to investment banks, and investment banks took them for investment and sold them to investors. Lenders no longer worry about whether borrowers Investment banks don’t have to worry about repaying them. Instead, the more they sell, the more they earn. Evaluation agencies don’t need to be responsible for their own ratings. They have borrowed hundreds of millions of subprime mortgages and sold them as one investment product. Many loans are given to people who simply can't pay them back. Everyone can get a loan. Housing prices are skyrocketing. People are learning how to buy a house to realize their American dream. In the financial system, you may make 2 million a year. You may earn 10 million a year, and you have to take risks, but the risks are not yours. Someone is helping you. Are you willing to gamble? Psychologists let the subjects play the game of winning money and observe the changes of substances in their brains. Every time they win money, they will have a drug-like effect. Open a high-level club near the stock exchange, with more than 10,000 customers, accounting for 10% of Wall Street customers. Fifty percent of Goldman Sachs Group’s loans are more than 99% to people who can’t pay their mortgages at all. These people can just walk away in the future, but such loans have received a safety rating equivalent to the national debt.
The president of Goldman Sachs, who immediately became Treasury secretary, sold his shares without paying taxes. Mississippi bought Goldman Sachs bonds with pensions, and the pensions of 8 trillion retirees were not guaranteed. Goldman Sachs is still designing new products, and the more clients lose, the more they make.
Democracy is just a dream woven to avoid violent revolution. The safety rating certificate is constantly being issued. The rating agency said: This is just our opinion. You don't have to believe that when the financial crisis broke out, the head of the Federal Reserve resigned and went back to the university. The reason is to modify A textbook Heart attack in the global financial system Mass layoffs and asset redemptions Americans drastically cut consumption, China's manufacturing industry has been hit, a large number of migrant workers have lost their jobs, and the poorer the people, the more hurt Florida Those who have dragged down the company in the tent city of the state have to leave the body. Executives can resign. Resignation and relaxation of severance pay policies require huge intellectual support. University financial scholars have been bought off to transfer industries and reduce costs. A large number of workers in the United States are unemployed Private college funding has risen, public college funding has shrunk, tuition has risen, and whether you can afford higher education depends on whether you can afford the tuition American families deal with the change in the gap between the rich and the poor, either borrow or work hard Americans borrow everything: buy a house , buying a car, education, social security, raising children
For the first time in the United States, the education quality of the children is lower than that of the father's American government. It is the government of Wall Street. Real engineers build bridges, and financial engineers build dreams.
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