The Apple Will Drop, by Robert Gore

Posted by straightlinelogic 8 years, 3 months ago to Economics
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So The Big Short justifiably prosecutes and would like to put in jail the bankers and ratings agencies, but aside from light slaps on the wrists (a heavily leveraged, pole-dancing real estate speculator and a regulator-regulated revolving door vignette), the two other major conspirators—feckless, often dishonest mortgagees and the government—get off scot-free. However, even if the movie had figuratively hauled them off to the hoosegow, it missed entirely the real cause of the financial crisis: financial and political gravity. Gravity doesn’t make for very good cinema, but it’s an appropriate subject for an SLL piece. (SLL doesn’t have a $100 million production and advertising budget to cover, will never be in contention for an Academy Award, and only needs to appeal to an audience that’s maybe one-day’s tally of Big Short viewers at a typical Megaplex.)

This is an excerpt. For the full article, please click the link above.
SOURCE URL: http://straightlinelogic.com/2016/01/20/the-apple-will-drop-by-robert-gore/


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  • Posted by $ MichaelAarethun 8 years, 3 months ago
    I was pleased to see the indictment included the government as a major co-conspirator. Rather an important point after the feckless self serving pass the government in general and Pelosi Dodd, Francks Gang Of Three received in the movie version.of the Governments intentional destruction of the economy - along with the Ethanol scam.
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