Inside job: The Documentary

[DJ-Daz]

Apparently this movie will make your blood boil.
I haven't watched it yet, but it's supposed to be VERY good and informative.

It's about the banker bailouts and the fraud that preceeded it.

The banks bought and sold mortgages as derivatives, but they cottoned on to the fact that they could sell the same mortgage in small pieces or one off chunks, not once, but as many times as they wanted.
Some were sold hundreds of times. The banks made a killing... but eventually the money would run dry....

Then the Governments would step in, they borrowed cash from banks, lent it back to the banks, and we pay the interest on those loans.

The banks can't loose.
http://www.rlslog.net/inside-job-limite ... d-defaced/