Why are anarchists targeting HSBC?

padington

http://www.youtube.com/watch?v=0N8M8PjA-Ls

padington

Here an ex city trader calls for the nationalisation of the banks and the hedge fund guru just seems to agree with him ...

http://www.youtube.com/watch?v=03HHqPa2Zso&feature=player_embedded

ninky_2

interesting article on a documentary i haven't seen. wonder if anyone else has seen it and what they think?

http://www.thisislondon.co.uk/standard-business/article-23938106-is-a-new-crash-coming.do

"Nothing has changed," hedge fund boss Lex van Dam tells me as the credits roll for Inside Job. "The financial system will all come crashing down again but next time it will come down a lot harder. We have seen nothing yet."

The former Goldman Sachs trader - our very own Dr Doom - and three of his fellow financiers have bravely agreed to watch the Oscar-winning documentary about the banking crisis and face the fall-out from the film. Their verdicts on Inside Job ranged from "a view with some facts" from wealth manager David Blanc to van Dam's "...pretty brilliant: it showed how all the issues were connected by individuals who keep reappearing. No one is ever responsible for what went wrong, no one ever takes the blame."

The film is certainly a frightening indictment of the "greed is good" culture that exists in their industry. Ethics everywhere are in short supply. There's Goldman Sachs earning its "vampire squid" moniker, recommending securities to clients that it was simultaneously betting against. Subprime mortgages - lending to those who will struggle to afford the repayments on their homes - are bundled together and somehow become classed as high-quality assets, on a par with government securities. The excess is obscene too, prostitutes and cocaine-dealers on speed-dial. Lehman Brothers had six corporate jets and a helicopter when the investment bank went bust.

But it is not just the bankers who are tarnished. Credit ratings agencies upgraded their ratings on Iceland's banks months before their collapse. Academics became rich writing flattering papers on companies and countries that funded them, without mentioning any conflict of interest. And politicians, often former bankers themselves, campaigned for deregulation and then battled anyone who wanted more checks and balances. Almost every orchestrator of the crisis escaped scot-free, with their fortunes intact.

padington

You can watch inside job here for free ...

http://www.openculture.com/2011/04/inside_job.html

ninky_2

padington wrote: »

You can watch inside job here for free ...

http://www.openculture.com/2011/04/inside_job.html

only you can't cos it's been taken down. i guess that's because it's on at cinemas who would rightly be angry if you could just get it for free.

padington

ninky wrote: »

only you can't cos it's been taken down. i guess that's because it's on at cinemas who would rightly be angry if you could just get it for free.

That might be the case but its available for live streaming all over the web like every other piece of media. The streams just move and appear somewhere else. A bit like moles, not fair but you cant stop 'em.

Actually more like banks.

padington

More great Max keiser action here ...

http://www.youtube.com/watch?v=1zMv4Offm_8&feature=player_embedded

padington

Here's more ...

http://www.youtube.com/watch?v=HXRyZPrtypQ