Thursday, August 11, 2011

A True Horror Story - No, REALLY!

I don't go in for horror movies. I've never seen 'Texas Chainsaw Massacre', for a long time didn't know who 'Jason' was. I think the very first 'King Kong' was the best one, along with the first 'Dracula', 'Frankenstein' and 'Wolfman' (ok, I have seen the most recent 'Wolfman' and I do like that one!).

But the scariest movie I've seen lately isn't a horror movie, per se, its a documentary. It's 'Inside Job' and its about the economic meltdown of 2008.

After all this time, so much of this is already known: subprime mortgages, derivatives, lack of regulation, foreclosures, tax cuts, corporate bonuses, etc., etc., etc. But when its played out its an even more frightening tale of greed and corporate exploitation.

What also came to mind, is that I always encounter people who are concerned about poor people 'gaming the system'. Here is an instance in which the rich gamed the system to become uber rich and it brought down an entire country (Iceland) and brought U.S. to economic collapse - and there are people who have deluded an entire constituency in this country to support doing the same thing as a solution to the problem!

Couple that with the 60 minutes report last week that further shows the depth of the mortgage disaster that resulted from this corruption, its mind boggeling!

The true horror? NOBODY IS IN JAIL!

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