The average person is wondering why America can’t get out of this Depression and while we are not in bread lines like the 1930s – we’re getting awfully close. Families are being displaced by foreclosures. More tents are popping up around the cities and jobs are still hard to find.
To help understand what happened and what we can do about it let’s start with DERIVATIVES. These are unregulated investment vehicles that gambled away pension and retirement funds from around the world – so Wall Street could get rich… quick! This small clip, from the excellent documentary INSIDE JOB, explains in easy-to-understand terms how Collateralized Debt Obligations, or CDO derivatives, were instrumental to the global financial meltdown.
I highly recommend this documentary. INSIDE JOB sheds light on what really happened in 2008. Here’s a clip with the whole movie to follow. INSIDE JOB won an academy award for Best Documentary, but in Hawaii for example, not a single theater aired it, nor did it become available on cable or pay-per-view.
Stay tuned to DEADLY CLEAR and we’ll post the 8 parts of the movie that Wall Street doesn’t want you to see. Let your friends and family know the movie will be posted here.
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