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Wednesday, November 23, 2011
We have paid a heavy price for assuming that those in charge know what they are doing and that they are operating in the nation's best interest.
Many want the bad actors in the film put in jail--which is easily understandable. The problem is that a lot of bad things can be done without it being criminal. It is easy to not do one's job in the pursuit of greater riches, which will be seen over and over in the film. This isn't a crime under the criminal code. Most viewers will get that.
What is unfathomable is that the leading institutions of the country continue to employ many of these people at the highest level. The Federal Reserve, Columbia Business School, the various think tanks should be ashamed.
I, for one, am deeply ashamed for the economics profession. Watch the film and see why.