Just like Nick Carraway felt as he left new york the "thriving" city full of promises and dreams that in reality hid a repelling truth, I can say in this exact moment that I can relate to his discontent. As I've just finished watching the Inside Job I have so many mixed feelings; It's crazy how greed for power can make people so corrupt. |
What stunned me the most was how "the poorest are the ones who pay the most" and even if the 90% of people in the US, the "minority", where falling into the government's / banks trapps by believing in them and the triple A ratings their loans had, as soon as the market crashed they were the ones who paid the consequences. |
the officials that benefitted from this where willing to pay to cover it up, and this, as we've noticed, is what can put any one in advantage.
As I see it now, what can bother any one is the amount of fake faces there are in power; even Harvard and Columbia professors where being bribed and paid millions of dollars to write incredible reports on the economy to build people's trust when it was actually failing. LYING for money, a conflict of interest that even in the interviews the authorities from these institutions had issues responding to. One of the Harvard professors who had written a report in the "stability of finland" when the reality was just the contrary changed this after the crash in his resume to IN-stability and claimed it was a typo. now, who can we believe in? |
How come the rating agencies who's job is supposed to be analyzing each loan, the volatility and the risk implied in order to give a reliable rating critically, where awarding no less than an A2 to these two days away from the financial crash. Right after that, they supported their decisions saying that these "where simply opinions" but the whole economy was driven by them, and once again they washed their hands from these toxic deals.
The sad part is that money and ambition drove all this movement. Can you believe the amount of money some CEO's left with in their pockets was a larger sum than the debt of hundreds of people who had to deal with this depression. And yet they're at "the top" these people are living a lie so the trade off is not even content. And once again, this "more more and more" mentality we have seen not once in the 20's, not for a second time in 2008 but still masks it's way to today (even in Peruvian economy), is far away from a healthy system, or country's full of real dreams. The documentary leaves us frustrated but as the statue of liberty appears for the last time, it demonstrates what we stand for. Now the question is: what incentives should we follow? |