Preview Trailer From Michael Moore's New Documentary On The Rise Of The Wall Street Banking Oligarchy (Video)

This is a very short clip trailer from Moore's still unnamed documentary on the rise of the politically-protected banking oligarchy in Washington.  I'm ambivalent about Moore's previous films, but this one looks like a winner, focusing extensively on the banking bailouts of the connected at the expense of, well, pretty much everyone else.  We imagine Paulson, Geithner, Bernanke, Bush and Obama will all be appropriately flailed in Moore's new release scheduled for this Fall.  Couldn't happen to a nicer and more corrupt group of bailout-beholden politicians.

Comments

[DailyBail]

William Buiter on Credit Default Swaps

The magical world of credit default swaps once again

http://blogs.ft.com/maverecon/2009/06/the-magical-world-of-credit-default-swaps-once-again/

[DailyBail]

Too poor to matter. Recession consequences for the less fortunate.

http://www.nytimes.com/2009/06/14/opinion/14ehrenreich.html?em

[DailyBail]

So your bank account’s wiped out?

http://www2.macleans.ca/2009/06/11/so-your-bank-account%E2%80%99s-wiped-out/

[DailyBail]

Good but lengthy analysis.

http://ftalphaville.ft.com/blog/2009/06/15/57005/greed-fear-interest-rates-and-bond-yields/?source=rss

[DailyBail]

Politics and the Fed.

http://www.washingtontimes.com/news/2009/jun/15/politics-and-the-fed/

[DailyBail]

Why I Expect Serious Stagflation

http://mises.org/story/3488

[DailyBail]

Lincoln National Getting TARP Bailout Funds

http://dealbook.blogs.nytimes.com/2009/06/15/lincoln-national-to-take-federal-bailout-funds/

[DailyBail]

Decent piece on Hillary Clinton and her performance to date.

http://nymag.com/daily/intel/2009/06/hillary_clinton_as_secretary_o.html

[DailyBail]

Moody's downgrades 25 Spanish banks.

http://ftalphaville.ft.com/blog/2009/06/15/57101/moodys-bank-downgrades-pain-in-spain-edition/

[DailyBail]

Simon Johnson and James Kwak on the Geithner-Summers regulatory proposal.

http://baselinescenario.com/2009/06/15/todays-foundation-tomorrows-crisis-the-geithner-summers-proposals/

[DailyBail]

And here is the previously mentioned regulatory framework from the dynamic duo.

http://www.washingtonpost.com/wp-dyn/content/article/2009/06/14/AR2009061402443.html

[Ain't Bullshittin']

You know all the talk on Healthcare is just out of hand. What would happen if we cut Doctors tax burden in 1/2...IF...those Doctors spent 1/2 of their time volunteering in FREE clinics. I would wager many would participate......GLADLY. People are good at heart but the system corrupts. If you are being taxed out the AZZ....you begin thinking ONLY of ways to MAXIMIZE profits. This is the mustard seed of GREED. Just sayn'......AB

[Ain't Bullshittin']

The video is proof people are good at heart but STUPID and IGNORANT of the facts or policy. Sad.....Sad.......I am amazed these donation takers did not get pummeled by popcorn and skittles!

[DailyBail]

AB

On healthcare, I agree. The problem is with the insurance industry and the slice of profit they steal from the system PLUS the perverse incentives for healthcare providers to perform unnecessary procedures. More procedures=more money.

Here in Bloomington more than 300 doctors give their time monthly to our free clinic. It was organized by local doctors as well. Not by bureaucrats.

1 other thing I would change as health czar, I would cut the tie between employment and health insurance. It's counterproductive to a healthy economy for people to stay in jobs exclusively for their coverage.

[Ain't Bullshittin']

If the "system" included more free doctor care...it would LOWER insurance premiums and "required" services that these free clinics would provide. How about patient care? I had a kidney stone and the doc wanted to do a MRI to scan for others. I said what's the cost, since I am self employed and have a $3,000 deductible. He said $3,000....I told the doc I would just come back if there is another one and skip spending the $3,000 that day. So, I agree to your statement. My doc wanted to give me the best care but I could NOT afford the MRI and it was NOT "required" to make me feel healthy.....AB

[Ain't Bullshittin']

PS...When the Doc asked why I did NOT want the MRI. I explained the the high deductible and he admitted that He would pass on that too....