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

  • Andrew Lo: Recently, neuroscientists have done experiments where they've taken individuals and put them into an MRI machine. And they have them play a game where the prize is money. And they noticed that when these subjects earn money, the part of the brain that gets stimulated is the same part that cocaine stimulates.

  • [last lines]

    Narrator: For decades the American financial system was stable and safe. But then something changed. The financial industry turned its back on society, corrupted our political system and plunged the world economy into crisis. At enormous cost, we've avoided disaster and are recovering. But the men and institutions that caused the crisis are still in power and that needs to change. They will tell us that we need them and that what they do is too complicated for us to understand. They will tell us it won't happen again. They will spend billions fighting reform. It won't be easy. But some things are worth fighting for.