Steal yourselves -- won't your conscience hurt?

Cleora 2022-10-04 05:57:13

The 2008 economic crisis led to the five investment banks in the United States 1 Goldman Sachs (the only company that is still profitable among the top 5 investment banks in the United States) GOLDMAN SACHS 2 Morgan Stanley (stock price fell) MORGAN STANLEY 3 Merrill Lynch (acquired by Bank of America) MERRILL LYNCH 4 LEHMAN BROTHERS (BANKRUPTED) LEHMAN BROTHERS 5 BEAR STEARNS (acquired by JPMorgan) BEAR STEARNS 2 major consortia: CITIGROUP JP MORGAN 3 insurance companies: AIG MBIA AMBAC 3 credit agencies: MOODY'S STANDARD & POOR'S FITCH Some people are good at lying , when I tell a lot of lies, I don't know which one is true and which one is false. The penetration of the Internet has become omnipresent. When a few percent of people are enjoying prosperity, there are still so many Americans who are struggling to survive. This is really a huge capital carnival. It is really a money game. It is particularly handy, bank loans, evaluation agencies make false evaluations, insurance industry guarantees, securities do bureaus, and then wait to collect money. Can you resist putting $500,000 in front of you who are impoverished? And the price you pay is just a few lies. Can you resist a steady stream of money coming into your pockets? And the price you pay is just to deceive people. Immediately, I thought of "The Wolf of Wall Street" played by Xiao Lizi, which is really a bubble dream. Wall Street executives know the rules of the game, they devour capital like bloodthirsty, then indulge in drugs and prostitutes, and then consult a psychiatrist. Subprime mortgage crisis, leverage ratio.

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Inside Job quotes

  • title card: The presidents of Harvard University and Columbia University refused to comment on academic conflicts of interest. - Both declined to be interviewed for this film.

  • interviewer: On your CV the title of this report has been changed from "Financial Stability in Iceland" to "Financial *In*stability in Iceland."

    Frederic Mishkin: Um, well, I don't know. Er, which, er whatever it is, is - the thing - if there's a typo, there's a typo.