And it's happening again with crypto. Rich insiders doing pump and dump or rug pulls. Instead of it being bankers (but there's still bankers doing it) it's techbros, venture capitalists, and social media influencers.
Sad thing is that the DOJ didn't make one single indictment to ALLOW A JURY to decide if these monsters were indeed criminals. He took it on himself to be the judge AND jury and decided not to even bring ONE SINGLE person to be prosecuted.
You can thank Barrack Obama for that. I can read between the lines and tell that he was paid off to look the other way to let Wall Street off the hook. Obama had a net worth of around 3 million dollars when he became President. After 8 years in office he walked out the door with a net worth of 38 million dollars. He somehow made that much on a 400 thousand dollar a year job as President. He was paid off it's rather obvious
The admission that nothing was done because they were afraid of the ramifications was shocking. What he said was "if you're important enough, you're immune to prosecution."
He's Jewish just like most of the Wall Street CEOs. Of course he's not going to prosecute his fellow tribesman. You can hear it in his whiny NY Jew voice. He'll straight up lie to your face and he knows no one will do shit about it because his tribe runs the fucking world.
The man said it himself, he lies awake at night worrying how to prevent harm to the perpetrators.The perpetrators contribute mightily to politicians. We have the best government money can buy.
This is why MY priority when I bought my house was to pay off the mortgage ASAP, the first year I paid two coupons each month to be a year ahead after a year. Every time I got extra money, bonus etc I specifically put it on the principal of the loan, and I made extra payments every month, that was how I paid off a 10 year mortgage in 4-1/2 in 2004 and since then owned my house outright with no bank, loan or any other BS over my head. I was homeless once for a few weeks in the late 80s, I vowed that would never happen again- no more landlords or anyone holding power over my HOME! I did not buy big screen tv's, new furniture, ride-on lawn mowers, a new car, trip to Europe, I put all my money on the MORTGAGE first, I bought a used car, a used push mower and I didn't care if the mortgage interest was as low as it was and that I could have made interest on the money instead, I wanted it PAID OFF 100% ASAP.. I saved a LOT of interest paying off a 10 year loan in 4-1/2, I made SURE before I got the mortgage that it had NO pre-payment penalty or balloon payments, and then signed for it.
you will still lose your house; why; to repay the banks; a huge tax increase will be put on houses, a huge green tax on your car; you will be fired from your job at the point you are too old; to get food you will need to sell the lowered value house in order to get welfare to eat.
@Legalize Raping Russian Broads In America weird because Russia stopped adoption to the US, must have been a real bummer for you. this has to be the weirdest comment I've ever read. Not sure what you are, a Russian, FBI or a serious rapist fucking creep. I doubt its the last one, to obvious.
me too and i thought i had diversified enough to keep it safe i shouldve listened to my financial advisor...cashed out and stuck all the money under my mattress
Thanks gang great, I dropped out of high school about 40 years ago and I've learned more from this program that I have learned from any other source just beautiful journalism in our pool pot let's kill history society and makes me sad that more people don't watch
Polpot And if you carry and pictures of chairman Mao… I hope you understand my drunken ramblings because he would've had any executed for wanting to know the truth Trump
I wouldn't be surprised if Frontline was payed off after learning a bit too much, and created the show as more of a detour for other theories they don't even want circulating.
"The Untouchables" sounds like a really thought-provoking title for a documentary! It's wonderful to see documentaries like this that delve into important topics, providing insights and educating viewers. Documentaries have a unique way of bringing complex subjects to life, engaging our curiosity and understanding. It's exciting to think about the kind of discussions and awareness a documentary with such a captivating title might spark. Learning and exploring new perspectives is always an enriching experience! 🌟✨
Frontline journalism is some of the best. These documentary's are always interesting and keep you locked in throughout the drama. Thank you Frontline for years of great entertainment.
LoL. That's sad that this is enough to make you happy. These experts suck, the narrator sounds 90, it has no substance. I'm really sad that PBS fell this far. Elliot Spritzer is a expert?? 😂
PBS Frontline, DW from Germany The Fifth Estate from Canada are probably the top three investigative journalism agencies that do perform an excellent thorough job in research
@@nicolatesla5786 Frontline journalism is some of the best, not really. Always one sided and this report is a little like a bunch of kids whining because their kiddie pool is leaking and the ice cream has melted.
@@Wall2000xWoW what an enlightened perspective. Sweeping generalizations, ad-hominem and out right nonsense. Truly a scholar of logic with no equal
Ted Kaufman is an object lesson in why direct corporate campaign contributions and lobbying should be illegal. Yes, banks and large corporations deserve a voice-but we clearly are living in a system where their voice is so insanely outsized that not even objective truth can get a word in edgewise.
Banks and large corporations aren’t the only special interests with substantial government influence. Unions do the same things. Banning corporations from doing it and not unions would be a disaster for business. I don’t see how we could say special interests should have a voice except for this one group of special interests because we think their voice is too loud
@@anonymousperson6119 well if the unions have similar lobbying power (which they don’t) , they’ve obviously failed miserably when you look at the anemic minimum wage increases both federally and state since the 1970’s. Then compare these increases to the salaries of CEO’s and senior management at corporations over the same period.
Jobs will pay your bills business will make you rich but investment makes and you keep you wealthy the future is inevitable, I pray everyone here becomes successful
A family friend of ours was an underwriter for Countrywide and when she tried to speak up about people being approved for loans they couldn't possibly afford, she was told in no uncertain terms to sit down and shut up and not interrupt the revenue.
I had a friend who worked at Countrywide in 2006. She couldn't take it, she tried to tell me about it at the time but I couldn't even understand what she was saying. Fast Forward a couple of years and it suddenly all made sense.
The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or bitcoin and stocks.
I keep wondering how people earn money in financial markets, i tried trading crypto on my own made a huge loss and now I'm scared of investing more....
@@nyreggie-isb23 That won't bother you if you trade with a professional like *Mr Gary Mason Brooks* my coach, you may have come across him on interviews relating to bitcoin. He trades, manage trading account and offer mentorship program for clients who wish to become professional investors.
Wow I can't believe you guys are discussing about *Gary Mason Brooks* , I once met him at a conference in California 2019, just before the pandemic. I can testify that he’s very good in trading..Highly recommended…
As always great quality journalism by PBS. This basically highlights that Justice is not equal for all; never has been. Wealth creates power, that same power writes the laws all others live by. Greed has been driving middle class into the poverty line for decades.
As a veteran I am so appalled with the corporate worship and double standards in this country. The majority of our companies have some type of criminal record and those companies are run by people who are in fact criminals themselves by propagation of these activities. I haven’t officially renounced citizenship but I’ll take the firing squad before I fight for it again.
I disagree. The premise of the 50+ minute broadcast is the fascination with the belief that justice for some "mysterious reason" escapes us. In reality, none of that is quite true. The people who created this show simply omitted the explanation. It is something that I learned as a kid simply because I lived within a 10 mile radius of Wall Street. The trouble arises in the legal system's definition of a "market maker", an entity who is legally protected to transact according to different standards than every other market participant. "Market makers" do appear to occupy a position which is inherently corrupt by definition.
I remember when I went to get my mortgage loan. I was approved for a 178 thousand dollar loan. After talking to my parents they told me stay away from an arm loan and demand a fixed. When I went to the bank to get clarification on the structure of the loan the loan officer kept beating around the bush. I pushed enough until he told me it was an arm loan, I demanded a fixed and at that point he scrapped the loan and only approved me for 80 thousand.
@@ryanadams0922 adjustable-rate mortgage, or ARM, is a home loan with an interest rate that can change periodically. This means that the monthly payments can go up or down throughout the life of the loan. Generally, the initial interest rate is lower than that of a comparable fixed-rate
@@ryanadams0922 definitely. Especially over the long term. My brother in Austin Texas locked in at a 1 percent on a 400 thousand dollar home 2 years ago on a 30 year. The thing with an ARM is they can offer you a 3 percent then the markets swing and next thing you are paying 8 percent. Id rather have the piece of mind knowing I'm locked in at 4 percent vs 2 and then have that 2 change to a 7.
When it comes to the world of investing,most people don't know where to start.Fortunately,great investors of the past and present can provide us with guidance...
hector A Christiansen is an expert,he is really good and everyone loves his genuine services,he has helped me recover what I lost trying Initially | have lost interest in Bitcoin trading and investment platform,I was watching video on TH-cam,l saw many people giving testimonies about Mr hector A Christiansen...
My parents were impacted by this, our house got foreclosed on in 2006. By then I had already graduated and all the kids were thankfully out the house. I graduated college 2009 when we were finally starting to somewhat recover and even then some of my fellow graduates weren’t getting jobs or had to start jobs later. What a crazy time to start my adulthood.
It's funny how the "justice" department gives the tired old spiel about "beyond muh reasonable doubt" when they routinely and regularly railroad people for far less serious offences with far less sometimes no evidence merely due to the fact that those defendants never paid them off.
@@sumitshresth They don't care about the plight of millennials. We just have to suck it up! We're on our own until the baby boomers and their parents are no longer in power.
As a poor worker, whose known other poor workers doing big jail time for something as small as selling small amounts of marijuana, just to survive or other petty crimes I cannot watch this. It makes my blood boil.
@@yankees29 he is talking about people committing crimes and getting away w them meanwhile, a petty criminal who now in most states MJ is legal can't even find a decent paying job because of being punished. How do you equate that with affording an iPhone or air conditioning?
@@yankees29 corruption is running g rampant but you're trying to flex on a guy who is telling you he is struggling, and you try and chamge the subject of what he is taking about? Wow! Your comment isn't the flex you think it is.
Investing in alternate income streams should be the top priority for everyone right now especially given the global economic crisis we are currently experiencing, Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
from 50:00 to 50:50 is exactly why i love to watch these pbs docs...the guys in the editing room make this entertainment. I have to raise a glass to you guys in the frontline editing office: to calra, frank, erika, raney, dan, andrew, lauren and everybody else underneath...many thanks and cheers on a job well done!!!
@Legalize Raping Russian Broads In America ahh, yes there it is, I was able to link into your cpu and see it's serial #. Ah, there's it's location.. go get em' boys..
@Legalize Raping Russian Broads In America how are you not deactivated yet? Hope it helps when I report you. Actually, if I report for child abuse wonder if it gets sent to authorities?
That's why politicians fight so hard to keep there seat to defend this type of crime and who they arrest the lil guy.. Bunch of cowards.. This was a crime. It was intentional...
What untouchable for most of us is 19th level of hell. 19th level of hell is deeper than 18th level of hell (according to Buddhism there are only 18 levels of hell). In 19th level of hell, a soul is tortured in the most extreme pain, beyond all perception, beyond the universe, and beyond eternity.
It’s all a piece of crap fueled by usury and the concept that money can reproduce itself. The value of money is based directly on labor. People who don’t like work or labor choose to grift that value and use it as a game for stealing the honest work of other people.
Criminals ? you are being anti-Semitic ..FYI: it's EXTREMELY ANTI-SEMITIC to criticize or raise the awareness (or even think or talk about) " The Untouchables" ...
This documentary fails to expose the very top Nation's REGULATORS who let open this window of "Every American deservs a Home" campaign. If The Nation's leaders wanted this to be so. They should have built budget homes and given them free. By letting the housing for all be run on an 'OPEN MARKET' they let the Financial Engineers play their GAME of "Multiplying MONEY with NO BAR'.
@@cinemaparadiso5402 Treaty said nothing about the ethnicity of the so-called "criminals". You are being extremely thin-skinned. Either that or you are being sarcastic. Which is it? This thread shows as having 3 replies but I can only see the one from Cinema Paradiso. Please forgive any ignorance I may have demonstrated, the full story is being denied to me by YT.
@@kiwitrainguy This documentary clearly covers a Semitic industry and Zionist business values and practices .. call them criminal is extremely anti-Semitic
Well..The West especially 🇺🇸.gov is oftentimes so proudly "advertising" its versions of "DemocRacy" as Freedom of everything that other's elsewhere wouldn't have the privileges to have which included Freedom to Robbing Others "Legally & Allowable" Bi the 🇺🇸.gov Justice's systems as shown..I was not surprised at all..Just like I often said 🇺🇸 is Truly the Lands of Narcissists & Opportunistics..🗽..No wonder it is sinking just like the "Titanic Shrinkable"..😑..
@Sheerluck Holmes Capitalism is the worst system in the world, next to a couple of others that are next socialism, which is THE worst. Why do you think the NWO pushers want to move us FROM capitalism TO socialism? Because it's the most easily controlled by it's leaders. Capitalism, with all it's faults, is ultimately the hardest system to remove the last freedoms from. Socialism STARTS with the removal of basic freedoms, which is necessary to implement it. It requires the same power that a dictator or King has, and all property owned directly by the state. Don't worry though, we're almost there if you still want socialism. Just 1 or 2 more planks to install, and you can have your UBI which will be paid to you in worthless inflated money, that will barely cover your rent. And if you think there's a perfect system, one which won't or can't be abused, you have a long, long ways to go in understanding the world and human beings.
@@jameseverett4976 I don't want socialism but I sure as hell want HEAVILY regulated capitalism. I want law and order. I want justice for corporations that are robbing us blind. I want inflation to be controlled. I want to be able to afford a healthy dinner for my kids. And before someone says "well get a job", I DO HAVE A JOB! I'm a full-time nurse and my husband is a high school teacher. We work like dogs yet can't afford to buy a home or repair our vehicle. Enough is enough. And this isn't about politics either because EVERY politician regardless of party is a crook and only looking out for themselves and their donors.
Once the corporations were given "person-hood" it was OVER as far as any accountability. There was a time LONG ago when the corporate board AND shareholders could be fined but today it NEVER HAPPENS. The idea that the FBI and SEC would EVER do anything to the oligarchy who OWNS then is hilarious....
Did you notice what the FBI got out of this, as soon as obama came into office? This was all orchestrated over several years, with the planned outcome, payoffs, and alabi's to shift blame, and rake in mega profit's for the political puppet masters. And of course some relative "crumbs" for the politicians, but probably payments over time so they wouldn't look suddenly rich. It was a move similar to the culling of 1929, and the 2 world wars, where companies sold weapons to both sides of the war.
@@jameseverett4976 true. This is not something new. As you said it's all theatre planned years in advance. Just bad soap opera. That's why they didn't give them Oscars, I guess. Maybe the next generation will get so fed up that events might change for a time. I'm 72. Been watching the transparent bs for 50 yrs. From both sides. Nothing to see here.
@@jameseverett4976 Completely possible as we started seeing bubble after bubble with the Fed....hmmmm. Oligarchs in the US actually got rich off the 1929...you can do that if you have fore knowledge...
@@snsm6730 When business controls and buys everything what do you expect? AOC and Sanders are nothing more than Social Imperialists. Socialists in name only.
You can thank Barrack Obama for failing to prosecute anyone. He was paid off by Wall Street to look the other way. He was worth 3 million dollars when he became President. 8 years in office and walked out with a net worth of 38 million dollars. He did all that on a 400 thousand dollars a year salary. Lol. Barack Obama walked into the chicken coop and cleaned out the cash too
49:26 "The jobs of tens of thousands of employees can literally be at stake.'" To me, this is the heart of it right here. Assistant Attorney General Lanny Breuer does a lot of hand-waving and circle speak throughout the interview, but he ultimately gives this as his justification for not pressing charges. Essentially, he's saying that he believes there's so much corruption in the financial sector that any attempt to prosecute it would be a catastrophic for the economy, so... let them do whatever they want?
elsewhere it has been said this was a legacy of Holder, originating in a memo written when he was in the Clinton government, which became "policy" under Obama
28:10 "I truly don't remember" - You go steal cookies from walmart, you go to jail, even if you don't remember. You steal billions and you dont remember, nothing happens. Screwed up system
We are, unfortunately, living in an era where corruption runs rampant through many of our institutions. The FDA, FAA, Congress, etc. It's very sad and disappointing.
In 1604, after Kepler's Supernova, the navigator plotted the woman's escape to the wilderness -- the Virgin went to Virginia. The dragon followed and by our Civil War, was thoroughly entrenched in both Church and State. Final judgement for the devil and dragon is 10/12/26. Daniel 7: 9-14. Don't expect to "SEE"anything -- men and women never "SEE" anything. That's NORMAL. It has always been this way. Epochal Eclipse April 8th 2024. Matthew 16: 4 Jonah 3: 4-5
I don't think that to be true. Democracy takes faith in a belief that if you work hard and have a basic respect for your fellow man. And your computer literate just a little smart. Everyone will be all rite. Show empathy, and kindness with all humility. And generous when possible.
I think you fail to understand capitalism. The banks lended out the money , held on to the loan about 1 1/2 years . Then bundled them and sold them as low risk loans . The grading companies not wanting to lose the business from these banks , went along with this scam . When investors purchased the loans , they thought they had long term low risk assets. When the market collapsed, whoever got caught with these junk bonds took the loss. The company’s did get fined , but nobody went to jail . They pleaded stupidly. And you can not put a company in jail . THAT IS TRUE CAPITALISM . Blame Ronald Reagan and the Republicans for the Deregulating the financial industry in the 80s .
Nasdaq and the Dow Jones are members of the WEF - as are the BigBanks and most big companies. Conflict of interest? nah - they don't care about us and, since we still buy their crap, we don't care about us, either.
Kareem Serageldin (born in 1973) is a former executive at Credit Suisse. He is the only banker in the United States to be sentenced to jail time as a result of the financial crisis of 2007-2008, a conviction resulting from mismarking bond prices to hide losses.
I bought a house working at pizza place delivering and managing with a girlfriend that was a field accountant for a construction company. After 4 months I moved out and left the keys in the mailbox. Ignored every debt collector for 7 years.
The good news is that Covid is cryophilic. Bush was supposed to be a TRUE CAPITALIST and Let the Banks FAIL! THEN, when the riots began, Bush was supposed to declare martial law and suspend the election. McCain would have become President, and the US would have already bombed Iran. Know what Bush said? "I did not want to set that precedent (suspending elections) as President." Know what Trump said? "Blame Bush!" Bush does NOT understand WINNING!"
I remember I lost my factory job in 2008 it was really hard for me to find another job because of the recession in 2008 I always wondered why so many people were losing their jobs this documentary just answered my question this makes me really upset.
There’s nothing worse then watching your parents lose their home & business. My brother-in-law was his partner. My sister & her kids lost their home of 25 years too. Neither my parents or sister bought a home they couldn’t afford. My sisters house was a fixer upper they bought just after they married 18 years ago & I grew up in my parents house. They built grocery stores; Ralph’s, Northgate & Vons. There was just nobody building grocery stores or literally anything else after 2008. And nobody was hiring. The business was 38 yo. I’m a Dir. of HR so for the first time in my life I was unemployed also. It was terrifying to watch my parents as an adult lose everything & there was *nothing I could do* I still have nightmares about it.
@@nonnobissolum I don't know but somehow its hard to believe they lost everything although I did meet a homeless guy who claimed to be a Wall St stock broker.
I honestly don't understand your parent's situation. I thought the whole debuncle was about people taking out 'floating' loans and then the banks kept raising the 'floating' interest until people could not make the bank payments. Wrong?
The job of the prosecutor is to pursue justice and not to worry about the banking system. It's like, not going after a crime, but more worried about the welfare of the criminals
This is the justice system in North America period. You can do anything you want to people if you wear a suit.Lies are truth, scams are legit. No suit and it is fraud, you do jail time.
Our judges judge for the HIGHEST BIDDER. Our Prophets prophesy for HIRE. We the People have proven that we are liars, cheats, thieves, and murderers. How can we be trusted to govern ourselves? ONE LAST CHANCE: Epochal eclipse April 8th 2024. Matthew 16: 4 Jonah 3: 4-5, 8
@@newyorkcity76 The goal of every banker is to put his competition out of business. This is the way capitalism works. Its a game that the rich play among themselves and we don't count.
2008-2022 Fourteen years and instead of being behind bars these people at the top are now much wealthier than they were then. I marched with Occupy Wall Street knowing in my heart that we were a big joke to those guys. Untouchable for sure.
Marching won't. Change anything I'm afraid that's why I don't protest all it does is get you jailed at best with a polce record the police are there to protect the CEOs and company board from you
Hahaha yeah, Wonder how many new,1000.00 suits they have lined up in the 200squarefoot walk-in closet,along with emlida Markos man shoes and blet's,dress shirts, n many drycleaners receipts from New York manhattan cleaner's, hahahaha,mmmmmm, what about eating out at the most expenseive restaurants, mmmsure at that time they ran into ex president clown Trump. . . That how the rich get Richer n wealther. . . They sell you a bottle of water for 10.00, n their cost is 4 pennie's at there cost. Profits r high. Inflation now, I think Isa ponsey skim now. More money in there bank's,so along that went on with just this last summer of 2022 with fuel at 5.50 gallon gas..........what I did was I spend alot less on gas, I didn't fill car up. I toke bus to work ,also rid bike. I never buy bottle water. . It's a joke. Also, I work in as a contractor, mason, landscaper, I kill myself to earn the american dollar. These men r money greedy hedgehog PIGS........... selfish, mental illnesses of that they will never be happy with millions,unless there r billions n, on n, on... Til the universe sucks them into the Black holes in the universe. I hope that they could see the txt message in there face.
Why is it unreasonable that a waitress or waiter would make 10K a month (120K a year) while an executive would make 20, 30, or 150 million a year? What could an executive do that is worth that much?
Is not unreasonable but unusual, and thats the essence of the fraud. They will give lons to people who would lie on their income. So many bad loans is what caused the bubble. But it wasn't the person getting the loan, it was the lenders who just gave lons away and then turned around and sold those bad loans.
"We couldn't prove beyond a reasonable doubt that a crime was knowingly committed" said while literally wiggling in his chair from guilt. How can you not prove a crime was knowingly committed when they were literally placing public bets that their own deals would fail?
There's a funny joke that says if you borrow $1,000 from Bank you owe the bank $1,000 if you borrow $2 billion dollars in the bank the Bank owes you to billion dollars
Yeah… they’ll arrest you for stealing food from a store but they won’t arrest you for committing crimes on Wall Street… rich assholes committing fraud but it’s not fraud… it’s something else.
"The Big Short" is a nice movie about this, I really liked it. Really absurd that no one is in jail for this, yet in some states of the US you get a life sentence for your 3rd drug related criminal offense.
In 2001, I applied for a home loan making $60K-$70K. After my approval I was asked "HOW MUCH DO YOU WANT". I said $200K. They gave me $250k. I should've asked for $350k and bought some rentals.
Wow the FBI, SEC and regulators are portrayed as such negligent (knowingly or not) dumbasses. All that myth of fighting terrorism when the worst terrorists are right there in front of their noses, what a waste of money and lives. Loved the independent filmmaker saying that he found a bunch of whistleblowers during his spare time while the regulators didn't (want to) find them. The sheer negligence is comical. Don't know if it applies in the US justice system but in my country anybody working for the public administration cannot allege ignorance nor negligence just like that, they'd be prosecuted. That, at the very lest is what should happen to Lanny and the other buffoons who didn't do their job properly. I really wish your people the best. The more I watch Frontline and similar docs, the more convinced I am that the corporate world is always wanting to screw you.
@Theseustoo Astyages Ah of course it happens everywhere, did I mention somewhere it doesn't happen in my country? I wish! 😂 it's just that when things like this happen in economies of the US size, #1 it's more damaging and #2 the ripple effects affect the whole planet and last longer.
Sadly, American laws and legal system, was largely created by the rich and powerful…to protect the rich, powerful, others who uphold the status quo…while punishing the “plebeians/oppressed/poor blacks & browns/and others who oppose the status quo”. The up and coming social climbers and others in society are then encouraged to drink large glasses of “Hypocrisy” and wait for their turn for greater benefits at the trough. Wash down with more “Hypocrisy”, rinse with a wallop of “American Dream”, and repeat the cycle.
@Theseustoo Astyages -oh you didn't know? Only America ever does bad things. From it's founding to whatever day it happens to be, America, according to the Left, is the one single entity responsible for everything that anyone ever suffered. All other countries are innocent, and if anything bad happens in their country, it's America's fault. You need to read Howard Zinn's famous made-up history of America, so you too can know who & what to blame whenever anything is less than wonderful.
glad your posting to youtube. alot of young people consume and learn fast. good they have this. when they want it. you go down rabbit holes and can learn lots. like i am. although seen most of this. makes me happy
This is an absolute stain on the justice system. This video is the epitome of what the US govt has become. Take whatever money you want and steal and even if you resign from your CEO position .. you pay yourself millions a year retirement. Ha. Most govt officials own half of stocks or even are on board of these banks and companies. It's sickening and huge conflict of interest
Couldn't agree with you more, Emily. But if we the common folk do what these deviant bankers do (still to this day), we would be put in prison. I CANNOT stand the hypocrisy and the constant double standards these shits do themselves. I guess it's safe to say they are Untouchables in this cold and dark world. My blood is rapidly boiling on this subject.
@@michaelstevens2027 It bothers me greatly as well. Here’s something else. The ultra wealthy and corporations essentially write the tax code by funding politicians’ campaigns. This has the effect of expanding the wealth gap.
@@EmilyTienne Again you are correct. I mean damn, will this standard of practice ever end?? Emily, I am not so sure if I live in the United States or some other marxist type communist country. This is just like electing either party (Republican or Democrat) to any office and does nothing short of drinking coffee. It must be very nice to be ultra wealthy and literally enjoying life...while we, as common down to earth folks has to continue suffering at the expense of these wealthy fat cats. I live in the state of Ohio and it's the same way here. If I could I'd move to Amsterdam and try to be happy and not want ANYTHING to do with politics and politicians in general. They do nothing but continue to fuck things up (on purpose) every/any chance they get. It just enrages me to my very core. Sorry I got a bit long winded on you there, Emily.
I worked as an IT contractor at GMAC about 8 years ago. They were doing exactly the same thing with car loans, pushing the hell out of "subprime" loans. I asked whether this was different than what the mortgage industry had done and was pretty much told no. Greed wins every time.
They also say MONEY is root of all evil....You can't buy HAPPINESS.....More Money More PROBLEMS....Rich Man has 99 problems POOR man has none....some people are so poor ALL they have Is money....A FOOL and his money are soon parted
It robbed me of my job at an age in which no new employer wanted to hire men of 55 years old and up. Thanks for showing us just how corrupt the system is and has been with no accountability. Greed may not be criminal but it is immoral and destructive to nation, state, community family. Maybe it should be criminal to a civic level where the masses arrive to the mansions with torches and pitchforks.
@@PatrickGotHands hello Jack Welch, I was expecting your reply and weak excuses. Save you say, lol, many lost exactly that ,their savings in the crash of 2008 due to fraudulent activity and greed. The tax payer then had to bail out these con men and buy back their own jobs. Corporations have abandoned their responsibility to the communities in which they operate . Corporate fraudulent activity has robbed people of savings and effects the total economy and quality if life. Prior to the 1980's corporations shared more if the wealth the employees created. There is no justification for the huge gap in pay between worker and executives. But I am sure some will try.
devastating earthquake and tsunami struck Japan on March 11, 2011 triggering a crisis inside the Fukushima Daiichi nuclear complex. This 2012 documentary reveals how close the world came to a nuclear nightmare. Touchable
This is the end result, in my opinion of Free Market Capitalism, ie under regulated organizations who have never been held accountable. The government is so intimidated that they do nothing beyond hold ing bullshit hearings and investigations that even clear criminal content does nothing to pursue justice. What does this tell you about our ways of both doing and overseeing business in this country? Personally, I will do everything I can to help Bernie Sanders take office. The coyotes have been running the chicken coop for too long.
I scrap bye, it's not easy,l have good days n bad days.well they have to look at themselves in the minorr, how ever when they brush there hair,n brush teeth. They affarid to possibly look at themselves minorr n think ,well I'm a con man, I have a metal illness with high money lifestyle. I've seen this with other's in my lifetime of, friend or two. I work in a small self, employed landscaping business, I earn. Like, 12,000.yearly. low income for these modern times. I'm not into being a capitaust at all. It's simply not healthy to think about high money lifestyle. It's almost similar to what drug dealers do for a living. Sell lots of drug's on streets or how ever n where, there minds r demonized....of high stacks of MONEY in there hand's. Money does not buy happiness. It's only can get you into troubles,one after another. The devilis r out there.
After having watched this piece of fine work by PBS FrontLine , I can only speculate that a lot of those involved were the same ones working on the hill .
I remember telling people to stay away from bad loans, no "adjustable" rates and be prepared for lean times. They didn't listen, they signed and then they couldn't pay when the bottom dropped out. I myself got a mortgage in 2004 when I moved a new home, the second house I purchased. I was approved for twice as much as I was willing to borrow. The realtor wanted me to go much higher but I refused, I told her I was the one that is responsible to pay back the money and I know what I can afford. I worked in a job that was hot and cold, I don't live above my means and always had a way to pay the loan if I was unemployed for 12 months or more.
There was blame on the buyers too . In 2008 I made $40,000 . My neighbor in the apartment I lived in said I could buy a $200,000 home for $200 a month for 2 years then sell it to buy another . I new better . Alot of people didn't. Yes the homeowners were to blame too . My neighbor was a mortgage broker . I said if that's true why do live across the hall from me .
It's really a shame Eliot Spitzer had his problems... He was doing a damn good job going after the " Big Guys" in the banking industry that caused the mortgage debacles.
It’s no coincidence Spitzer was taken down in a scandal. He’s hardly the only politician who has been with a professional (not excusing it, and many do much worse), but somehow he’s one of the few who has ever been prosecuted.
It's 2022, I lost everything back then, and have never recovered, all I do now is work to survive No options for retirement or an own home just survival, and every year there are months where it's wretched. These guys will keep getting richer and the middle class will be eroded,
@@TheVoiceOfReason69 because owning a home is the American dream. Unfortunately and stupidly i would have might have done it too i didnt even know you could apply for a loan at that time and get approved.
The fact that they got away and will still get away tells that there are some other people/power who controls the system and there s nothing an average Citizen can do something about it.
This is why Trump was elected. A hard swing the other way because Obama listened to Timothy Geitner's doom and gloom scenario instead of the American people's outrage.
@@oldmandoinghighkicksonlyin1368 absolutely right. Why has no one ever noticed this before. The deplorables are are filled with anger for everyone on both sides cause they know it's a joke always at their expense. I am 72. Been watching this creep slowly along for over 40 yrs. The people will turn on each other first and then the politicians, judges, corporate scum and wall Street. Assassinations etc. Repeat of the 6O's and maybe worse. Oh well the young will be left to clean up the mess. I pity them. .
@@ey67 I doubt things will change too hard because everyone's used to a slow decline that increments in small depressing steps downward. I'm sure there'll be a huge difference between 2008 and 2058, but I don't think any of the Black Swans or Fourth Turns will become true. The elites have perfected misinformation, dividing the poor to hate one another, and addictive distractions. No one gives hope for the future, except for rich con men like Elon Musk, which is a great barometer for how pathetic and terrible things are in western culture. At least the nobility of the centuries past had a sense of civic responsibility. Now if a rich and powerful hero or heroine exists, they're an exception and not the rule. With any luck, WW3 will start soon, but there's no profit in that so it's a long shot. I think just unrelenting instability will be the hallmark of the next half century. That's not good for birthrates or a stable culture.
@@oldmandoinghighkicksonlyin1368 "hard swing the other way. ?" Trump made a goldman sachs banker- Mnuchin- the treasury secretary. He threatened to fire Yellen if she raised interest rates and even praised the notion of negative rates. He made a former Rothschild banker- Wilbur Ross- his secretary of commerce. He enriched the banks by encouraging them issue RECORD amounts of debt! You're delusional. None of these pricks work for us!
@@oldmandoinghighkicksonlyin1368 agreed. the financial crisis blew the doors off of public trust in institutions & respect for professionals/leaders /elites. the Tea Party was a reaction to all that & the populist viewpoint was prime for Trump's politics of grievence
It's shameful how this across the board failure of morality almost collapsed the world economy. At least sometimes you will run across an honest person.
People for the most part are dishonest and greedy. We all say we're not, and when people are looking, it might be true. But deep down, it's the human condition. It's why there's corruption everywhere when there's no regulatory agencies, it's why we need checks and balances, it's why communism will never work, and it's why the Vatican protects lil-boy-bum-sniffing priests.
@@oldmandoinghighkicksonlyin1368 I appreciate how you said “conditioning” instead of “nature”. A lot of people do not understand the difference. It is not human nature to be this way. It is however conditioned into us to be able to survive in capitalism.
@@oldmandoinghighkicksonlyin1368 however. Communism splits it down to the smallest parts of government. The government isn’t one entity on its own. There’s so much going on to make capitalism work as a whole. Communism just gives every part of government a voice, which gives everyone as a whole a voice. Instead of trump being able to win despite having 3 million (I’m not sure if my number is correct but I know it’s very high) less votes in the popular vote and still winning. Capitalism doesn’t work. History has proven that over and over again.
@@d.h.4778 Maybe we should return to a form of benevolent monarchy, as those have shown to last the longest. Mind you, those systems are pretty rigid and depend on a much greater ignorance of the population (illiteracy and fear of religious persecution). But some monarchs were good when they picked the right court/nobility who had a mind towards civic responsibility. It's a form of nanny state, though.
@@oldmandoinghighkicksonlyin1368 orrrr, we as the people could actually have our voices heard and listened to with communism. If people actually looked into it instead of listening to the propaganda shoved down our throats about how bad it is (that’s the point because the people with all the money don’t want us to agree the wealth should be shared and everyone deserves a roof over their head and food) too many people would want it. Millennials and gen z majority are left leaning, and more often than not socialists or commies because we have so much information at our fingertips.
"Too Big To Fail" has two different meanings, and they are both true at the same time... - an institution too successful & too profitable to succumb to a devastating event. - an institution too important to be allowed to falter or fail.
Glass-Stegall act need to come back. It stopped “too big fail” after the crash of 1929. Clinton/congress. killed it in 1999. Didn’t even take 10 years.
Sometimes you have to fail to succeed, Most times it amazes me greatly how I moved from an average lifestyle to earning over $63k per month, Utter shock is the word. I have understood a lot in the past few years that there are lots of opportunities in the financial market. The only thing is to know where to invest.
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or bitcoin and stocks..
@@bjoe631 That won't bother you if you trade with a professional like *Mr Gary Mason Brooks* my coach, you may have come across him on interviews relating to bitcoin and stocks. He trades, manage trading account and offer mentorship program for clients who wish to become professional investors.
@Queen OF Love Well this not my first time of seeing this name on social platform. A CNBC news host spoke highly of this man and his trading strategies. Do you know him ? if yes , did you invest with him?
![ลองสุ่มไอโฟน 990 โกงมั้ย? [ โกงมั้ยครับ ep.101 ] | DOM](http://i.ytimg.com/vi/bfsWe0j492k/mqdefault.jpg)
The fact that we get free documentaries on TH-cam by FRONTLINE is truly a gift. 👍 👍 👍
Hyper rich stealing and avoiding prison or not even losing their job is a slap in the face to the true working class of the world
And it's happening again with crypto.
Rich insiders doing pump and dump or rug pulls.
Instead of it being bankers (but there's still bankers doing it) it's techbros, venture capitalists, and social media influencers.
"They got the money, hey they got away". Steve Miller
Take the Money and Run.
Agreed
don't forget.. they actally are at the table where the rules are written
This have been happening for decades. Nothing is gunna change.
Sad thing is that the DOJ didn't make one single indictment to ALLOW A JURY to decide if these monsters were indeed criminals. He took it on himself to be the judge AND jury and decided not to even bring ONE SINGLE person to be prosecuted.
You can thank Barrack Obama for that. I can read between the lines and tell that he was paid off to look the other way to let Wall Street off the hook. Obama had a net worth of around 3 million dollars when he became President. After 8 years in office he walked out the door with a net worth of 38 million dollars. He somehow made that much on a 400 thousand dollar a year job as President. He was paid off it's rather obvious
The admission that nothing was done because they were afraid of the ramifications was shocking. What he said was "if you're important enough, you're immune to prosecution."
He's Jewish just like most of the Wall Street CEOs. Of course he's not going to prosecute his fellow tribesman. You can hear it in his whiny NY Jew voice. He'll straight up lie to your face and he knows no one will do shit about it because his tribe runs the fucking world.
They were bought psychologically as well physically..
Martin Smith and the Frontline team have been leaders in financial investigative journalism for decades. Thank you both.
To bad their bias.
Want the front line?
Retail investors uncovered everything
@Woodie bet you have never seen a $35m bonus. It's then vs you.
@@WiCapitalco You are right. $35 million for fucking up.
they didn't fuck up, they did their job...fucking you up, that's why they got their bonus
It is sad to see this was aired in 2013 and still nothing has changed
yup
the other interesting documentary Colossal Failure of Common Sense.
There investigation hedge funds now
The man said it himself, he lies awake at night worrying how to prevent harm to the perpetrators.The perpetrators contribute mightily to politicians. We have the best government money can buy.
Well , Putin has invaded Ukraine twice since then.
That’s not true- the crooks are even richer now.
This is why MY priority when I bought my house was to pay off the mortgage ASAP, the first year I paid two coupons each month to be a year ahead after a year. Every time I got extra money, bonus etc I specifically put it on the principal of the loan, and I made extra payments every month, that was how I paid off a 10 year mortgage in 4-1/2 in 2004 and since then owned my house outright with no bank, loan or any other BS over my head.
I was homeless once for a few weeks in the late 80s, I vowed that would never happen again- no more landlords or anyone holding power over my HOME!
I did not buy big screen tv's, new furniture, ride-on lawn mowers, a new car, trip to Europe, I put all my money on the MORTGAGE first, I bought a used car, a used push mower and I didn't care if the mortgage interest was as low as it was and that I could have made interest on the money instead, I wanted it PAID OFF 100% ASAP.. I saved a LOT of interest paying off a 10 year loan in 4-1/2, I made SURE before I got the mortgage that it had NO pre-payment penalty or balloon payments, and then signed for it.
you will still lose your house; why; to repay the banks; a huge tax increase will be put on houses, a huge green tax on your car; you will be fired from your job at the point you are too old; to get food you will need to sell the lowered value house in order to get welfare to eat.
You're the man.
The reason why money lenders earn tons of money is because not many people in the world are like you.
My parents lost 70% of their retirement People that had no part in this were devastated and the bonuses those executives got. WTF. Travesty of Justice
@Legalize Raping Russian Broads In America weird because Russia stopped adoption to the US, must have been a real bummer for you.
this has to be the weirdest comment I've ever read. Not sure what you are, a Russian, FBI or a serious rapist fucking creep. I doubt its the last one, to obvious.
me too
and i thought i had diversified enough to keep it safe
i shouldve listened to my financial advisor...cashed out and stuck all the money under my mattress
@@thewkovacs316 think its time to cash out again
This is the lack of Honesty that is making My Country Angry !
@John Smith ?
Tell it Frontline.
I've been with you for almost 40 years,
best journalistic entity ever....
Love me some public broadcasting system
Thanks gang great, I dropped out of high school about 40 years ago and I've learned more from this program that I have learned from any other source just beautiful journalism in our pool pot let's kill history society and makes me sad that more people don't watch
That would've been polled pot but apparently Peerman now it is not be recognized
Polpot And if you carry and pictures of chairman Mao… I hope you understand my drunken ramblings because he would've had any executed for wanting to know the truth Trump
I wouldn't be surprised if Frontline was payed off after learning a bit too much, and created the show as more of a detour for other theories they don't even want circulating.
It's ALL that's left of the "Fourth Estate". Fortunately it's also the BEST. PBS carries the load!
"The Untouchables" sounds like a really thought-provoking title for a documentary! It's wonderful to see documentaries like this that delve into important topics, providing insights and educating viewers. Documentaries have a unique way of bringing complex subjects to life, engaging our curiosity and understanding. It's exciting to think about the kind of discussions and awareness a documentary with such a captivating title might spark. Learning and exploring new perspectives is always an enriching experience! 🌟✨
Are you a human
Okay ChatGPT. Please rewrite the comment in the style of Jack Kerouac.
Frontline journalism is some of the best. These documentary's are always interesting and keep you locked in throughout the drama. Thank you Frontline for years of great entertainment.
It used to be, now much of it is biased political garbage.
LoL. That's sad that this is enough to make you happy. These experts suck, the narrator sounds 90, it has no substance. I'm really sad that PBS fell this far. Elliot Spritzer is a expert?? 😂
PBS Frontline, DW from Germany The Fifth Estate from Canada are probably the top three investigative journalism agencies that do perform an excellent thorough job in research
@@nicolatesla5786 Frontline journalism is some of the best, not really. Always one sided and this report is a little like a bunch of kids whining because their kiddie pool is leaking and the ice cream has melted.
@@Wall2000xWoW what an enlightened perspective. Sweeping generalizations, ad-hominem and out right nonsense. Truly a scholar of logic with no equal
Ted Kaufman is an object lesson in why direct corporate campaign contributions and lobbying should be illegal. Yes, banks and large corporations deserve a voice-but we clearly are living in a system where their voice is so insanely outsized that not even objective truth can get a word in edgewise.
Bittertruth...
Agreed, unfortunately lobbying is protected under the 1st Amendment (freedom of speech).
Banks and large corporations aren’t the only special interests with substantial government influence. Unions do the same things. Banning corporations from doing it and not unions would be a disaster for business. I don’t see how we could say special interests should have a voice except for this one group of special interests because we think their voice is too loud
Here, here 👏
@@anonymousperson6119 well if the unions have similar lobbying power (which they don’t) , they’ve obviously failed miserably when you look at the anemic minimum wage increases both federally and state since the 1970’s. Then compare these increases to the salaries of CEO’s and senior management at corporations over the same period.
Jobs will pay your bills business will make you rich but investment makes and you keep you wealthy the future is inevitable, I pray everyone here becomes successful
@Hart Thim You're right, it's obvious a lot of people remain poor due to ignorance
Obviously trading in bitcoin is very volatile and risky to trade that's the reason most traders trade with a company
Now is the best time to purchase and invest in Bitcoin stop procrastinating
I advice everyone to start investing and never rely on just salary. No billionaire made it through salary
That's very impressive are you giving her your money or does it stays in your trading account? What's really the idea behind the copying trades?
If you want to commit crimes without being held accountable, give shareholders a cut. Corporations are the new crime families.
well said!
There are also political crime families.
Correct but their not new they’ve been crime families since the turn of the 20th century.
New? They have been for decades.
And people wonder why the younger generations have an unfavorable view of Capitalism.
A family friend of ours was an underwriter for Countrywide and when she tried to speak up about people being approved for loans they couldn't possibly afford, she was told in no uncertain terms to sit down and shut up and not interrupt the revenue.
I had a friend who worked at Countrywide in 2006. She couldn't take it, she tried to tell me about it at the time but I couldn't even understand what she was saying. Fast Forward a couple of years and it suddenly all made sense.
The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or bitcoin and stocks.
I keep wondering how people earn money in financial markets, i tried trading crypto on my own made a huge loss and now I'm scared of investing more....
@@nyreggie-isb23 That won't bother you if you trade with a professional like *Mr Gary Mason Brooks* my coach, you may have come across him on interviews relating to bitcoin. He trades, manage trading account and offer mentorship program for clients who wish to become professional investors.
@@dralfred2400 You allow people to trade for you? that's interesting, I would love to learn, hope it’s safe?
Wow I can't believe you guys are discussing about *Gary Mason Brooks* , I once met him at a conference in California 2019, just before the pandemic. I can testify that he’s very good in trading..Highly recommended…
As always great quality journalism by PBS. This basically highlights that Justice is not equal for all; never has been. Wealth creates power, that same power writes the laws all others live by. Greed has been driving middle class into the poverty line for decades.
Totally true.
🙄😒this is what the English came and established on Turtle Island, though.
A nation of ghettos, corrupt govt, and violence; in every tax bracket.
As a veteran I am so appalled with the corporate worship and double standards in this country. The majority of our companies have some type of criminal record and those companies are run by people who are in fact criminals themselves by propagation of these activities. I haven’t officially renounced citizenship but I’ll take the firing squad before I fight for it again.
I disagree. The premise of the 50+ minute broadcast is the fascination with the belief that justice for some "mysterious reason" escapes us. In reality, none of that is quite true. The people who created this show simply omitted the explanation. It is something that I learned as a kid simply because I lived within a 10 mile radius of Wall Street. The trouble arises in the legal system's definition of a "market maker", an entity who is legally protected to transact according to different standards than every other market participant. "Market makers" do appear to occupy a position which is inherently corrupt by definition.
Yeah sure.. By re-uploading a 9 years old piece of content... They just trying to squeeze a few pennies out of their catalog...
I thought this was new until I heard the narrator say "4 years ago in 2008". Frontline you got me🤣excellent work as always💪
I was surprised at how young one of the guys looked to be involved in the financial crisis. Then realized this was 10 years ago lol
The same problem is happening again rt now tho.. just with some new names. So it's still very much relevant.
Still accurate.
"In mortgage underwriting, somehow we [the bankers] just missed that home prices don't go up forever."
What a horrible person.
Open eyes, full blast exposures, excellent journalism PBS Martin running to the winning zone with this episode.
I remember when I went to get my mortgage loan. I was approved for a 178 thousand dollar loan. After talking to my parents they told me stay away from an arm loan and demand a fixed. When I went to the bank to get clarification on the structure of the loan the loan officer kept beating around the bush. I pushed enough until he told me it was an arm loan, I demanded a fixed and at that point he scrapped the loan and only approved me for 80 thousand.
Can you explain what an "arm loan" is for those who dont know that term
@@ryanadams0922 adjustable-rate mortgage, or ARM, is a home loan with an interest rate that can change periodically. This means that the monthly payments can go up or down throughout the life of the loan. Generally, the initial interest rate is lower than that of a comparable fixed-rate
@@tranger4579 thank you. Last question wouldn't a fix rate be preferable over that of adjusted rate?
@@ryanadams0922 definitely. Especially over the long term. My brother in Austin Texas locked in at a 1 percent on a 400 thousand dollar home 2 years ago on a 30 year. The thing with an ARM is they can offer you a 3 percent then the markets swing and next thing you are paying 8 percent. Id rather have the piece of mind knowing I'm locked in at 4 percent vs 2 and then have that 2 change to a 7.
Well, I hope it worked out well for you. The $178K ARM was bullcrap, anway.
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My parents were impacted by this, our house got foreclosed on in 2006. By then I had already graduated and all the kids were thankfully out the house. I graduated college 2009 when we were finally starting to somewhat recover and even then some of my fellow graduates weren’t getting jobs or had to start jobs later. What a crazy time to start my adulthood.
Well thats the curse on us millennials
It's funny how the "justice" department gives the tired old spiel about "beyond muh reasonable doubt" when they routinely and regularly railroad people for far less serious offences with far less sometimes no evidence merely due to the fact that those defendants never paid them off.
@@sumitshresth They don't care about the plight of millennials. We just have to suck it up! We're on our own until the baby boomers and their parents are no longer in power.
Many graduates never recover from graduating into a recession.
Join the Service. Get a grip and keep moving forward.
As a poor worker, whose known other poor workers doing big jail time for something as small as selling small amounts of marijuana, just to survive or other petty crimes I cannot watch this. It makes my blood boil.
For sure just like Biden’s bunch of crooks setting pretty in corruption but look down on us hard working class f..k them assholes!!!
Are you one of those poor people with an IPhone and air conditioning?
@@yankees29 he is talking about people committing crimes and getting away w them meanwhile, a petty criminal who now in most states MJ is legal can't even find a decent paying job because of being punished. How do you equate that with affording an iPhone or air conditioning?
@@yankees29 corruption is running g rampant but you're trying to flex on a guy who is telling you he is struggling, and you try and chamge the subject of what he is taking about? Wow! Your comment isn't the flex you think it is.
@@theboldandthebeautiful3729 that sucks for him I guess I don’t really care because I’m struggling myself. That’s life .
Investing in alternate income streams should be the top priority for everyone right now especially given the global economic crisis we are currently experiencing, Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
Starting early is the best way to getting ahead of build wealth, investing remains the priority
@@claresmithy4667absolutely 💯
Crypto currency will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% of my investment
I advice everyone to start investing and never rely on just salary. No billionaire made it through salary
Having a job doesn't mean security rather having different investments is the real deal
from 50:00 to 50:50 is exactly why i love to watch these pbs docs...the guys in the editing room make this entertainment. I have to raise a glass to you guys in the frontline editing office: to calra, frank, erika, raney, dan, andrew, lauren and everybody else underneath...many thanks and cheers on a job well done!!!
@Legalize Raping Russian Broads In America ahh, yes there it is, I was able to link into your cpu and see it's serial #. Ah, there's it's location.. go get em' boys..
@Legalize Raping Russian Broads In America how are you not deactivated yet? Hope it helps when I report you.
Actually, if I report for child abuse wonder if it gets sent to authorities?
See 5045
It's not the job of the Prosecutor to worry about the banks.
😆😆😆😎💪
А задние Б/У шные у вас тоже есть?
If they were held criminal liable for fraud it would have been the first step in fixing the corruption in our country.
Frontline Documentaries are Top notch , Legendary the gold Standard ! 10/10
That's why politicians fight so hard to keep there seat to defend this type of crime and who they arrest the lil guy.. Bunch of cowards.. This was a crime. It was intentional...
This entire reality we are forced to participate in is nothing more than one huge grift.
What untouchable for most of us is 19th level of hell. 19th level of hell is deeper than 18th level of hell (according to Buddhism there are only 18 levels of hell). In 19th level of hell, a soul is tortured in the most extreme pain, beyond all perception, beyond the universe, and beyond eternity.
@@twks123 Sounds bad.
@Sheerluck Holmes And how many emanations can dance on the head of a pin? Come on, let's not get deep into theological nonsense.
@John Smith A house of cards.
It’s all a piece of crap fueled by usury and the concept that money can reproduce itself. The value of money is based directly on labor. People who don’t like work or labor choose to grift that value and use it as a game for stealing the honest work of other people.
Best quote I heard:
"Too big to fail, too big to jail..."
Thank you for exposing these criminals who get away with crimes...your a great show..please never ever stop
Criminals ? you are being anti-Semitic ..FYI: it's EXTREMELY ANTI-SEMITIC to criticize or raise the awareness (or even think or talk about) " The Untouchables" ...
This documentary fails to expose the very top Nation's REGULATORS who let open this window of "Every American deservs a Home" campaign.
If The Nation's leaders wanted this to be so. They should have built budget homes and given them free.
By letting the housing for all be run on an 'OPEN MARKET' they let the Financial Engineers play their GAME of "Multiplying MONEY with NO BAR'.
@@cinemaparadiso5402 Treaty said nothing about the ethnicity of the so-called "criminals". You are being extremely thin-skinned. Either that or you are being sarcastic. Which is it?
This thread shows as having 3 replies but I can only see the one from Cinema Paradiso. Please forgive any ignorance I may have demonstrated, the full story is being denied to me by YT.
@@kiwitrainguy This documentary clearly covers a Semitic industry and Zionist business values and practices .. call them criminal is extremely anti-Semitic
@@kiwitrainguy You can get around the algorithms by using sarcasm.
Zero-accountability equals zero democracy.
Zero justice.
Well..The West especially 🇺🇸.gov is oftentimes so proudly "advertising" its versions of "DemocRacy" as Freedom of everything that other's elsewhere wouldn't have the privileges to have which included Freedom to Robbing Others "Legally & Allowable" Bi the 🇺🇸.gov Justice's systems as shown..I was not surprised at all..Just like I often said 🇺🇸 is Truly the Lands of Narcissists & Opportunistics..🗽..No wonder it is sinking just like the "Titanic Shrinkable"..😑..
@Sheerluck Holmes Capitalism is the worst system in the world, next to a couple of others that are next socialism, which is THE worst. Why do you think the NWO pushers want to move us FROM capitalism TO socialism? Because it's the most easily controlled by it's leaders. Capitalism, with all it's faults, is ultimately the hardest system to remove the last freedoms from. Socialism STARTS with the removal of basic freedoms, which is necessary to implement it. It requires the same power that a dictator or King has, and all property owned directly by the state.
Don't worry though, we're almost there if you still want socialism. Just 1 or 2 more planks to install, and you can have your UBI which will be paid to you in worthless inflated money, that will barely cover your rent.
And if you think there's a perfect system, one which won't or can't be abused, you have a long, long ways to go in understanding the world and human beings.
For... YEARS? DECADES? CENTURIES? Depends on who you are and which CASTE you were born into.
@@jameseverett4976 I don't want socialism but I sure as hell want HEAVILY regulated capitalism. I want law and order. I want justice for corporations that are robbing us blind. I want inflation to be controlled. I want to be able to afford a healthy dinner for my kids. And before someone says "well get a job", I DO HAVE A JOB! I'm a full-time nurse and my husband is a high school teacher. We work like dogs yet can't afford to buy a home or repair our vehicle. Enough is enough. And this isn't about politics either because EVERY politician regardless of party is a crook and only looking out for themselves and their donors.
“Due diligence officer. My job was to stamp forms and nothing more.”
😂😂😂
Once the corporations were given "person-hood" it was OVER as far as any accountability. There was a
time LONG ago when the corporate board AND shareholders could be fined but today it NEVER HAPPENS.
The idea that the FBI and SEC would EVER do anything to the oligarchy who OWNS then is hilarious....
True
Did you notice what the FBI got out of this, as soon as obama came into office? This was all orchestrated over several years, with the planned outcome, payoffs, and alabi's to shift blame, and rake in mega profit's for the political puppet masters. And of course some relative "crumbs" for the politicians, but probably payments over time so they wouldn't look suddenly rich. It was a move similar to the culling of 1929, and the 2 world wars, where companies sold weapons to both sides of the war.
@@jameseverett4976 true. This is not something new. As you said it's all theatre planned years in advance. Just bad soap opera. That's why they didn't give them Oscars, I guess. Maybe the next generation will get so fed up that events might change for a time. I'm 72. Been watching the transparent bs for 50 yrs. From both sides. Nothing to see here.
@@jameseverett4976 Completely possible as
we started seeing bubble after bubble with
the Fed....hmmmm. Oligarchs in the US
actually got rich off the 1929...you can do
that if you have fore knowledge...
@@snsm6730 When business controls and buys everything what do you expect? AOC and Sanders are nothing more than Social Imperialists. Socialists in name only.
They should’ve prosecuted and let the jury decide .
Criminals on Wall Street need to be held accountable! Period!
You can thank Barrack Obama for failing to prosecute anyone. He was paid off by Wall Street to look the other way. He was worth 3 million dollars when he became President. 8 years in office and walked out with a net worth of 38 million dollars. He did all that on a 400 thousand dollars a year salary. Lol. Barack Obama walked into the chicken coop and cleaned out the cash too
So do politicians.
Person in Federal prison: I should have been a wall Street banker like momma and my high school teachers suggested.
Ha! Good one!
49:26 "The jobs of tens of thousands of employees can literally be at stake.'" To me, this is the heart of it right here. Assistant Attorney General Lanny Breuer does a lot of hand-waving and circle speak throughout the interview, but he ultimately gives this as his justification for not pressing charges. Essentially, he's saying that he believes there's so much corruption in the financial sector that any attempt to prosecute it would be a catastrophic for the economy, so... let them do whatever they want?
elsewhere it has been said this was a legacy of Holder, originating in a memo written when he was in the Clinton government, which became "policy" under Obama
Who gives a fk about tens of thousands of employees when the whole economy collapsed because of them
@@jalalal8056 and probably millions of other people (outside finacialization) lost their jobs as a consequence of bankrupcies and attrition policies
@@jalalal8056 do you blame the dummies who got the loans or the idiots who approved the loans?
Quality ,insightful investigations,most informative.consise, report I have seen.thank you.
28:10 "I truly don't remember" - You go steal cookies from walmart, you go to jail, even if you don't remember. You steal billions and you dont remember, nothing happens. Screwed up system
We are, unfortunately, living in an era where corruption runs rampant through many of our institutions. The FDA, FAA, Congress, etc. It's very sad and disappointing.
That's always been the norm.
In 1604, after Kepler's Supernova, the navigator plotted the woman's escape to the wilderness -- the Virgin went to Virginia. The dragon followed and by our Civil War, was thoroughly entrenched in both Church and State. Final judgement for the devil and dragon is 10/12/26. Daniel 7: 9-14. Don't expect to "SEE"anything -- men and women never "SEE" anything. That's NORMAL. It has always been this way.
Epochal Eclipse April 8th 2024. Matthew 16: 4 Jonah 3: 4-5
I don't think that to be true. Democracy takes faith in a belief that if you work hard and have a basic respect for your fellow man. And your computer literate just a little smart. Everyone will be all rite. Show empathy, and kindness with all humility. And generous when possible.
Oh ya ,taxes are the price we pay for civilization.
I think you fail to understand capitalism. The banks lended out the money , held on to the loan about 1 1/2 years . Then bundled them and sold them as low risk loans . The grading companies not wanting to lose the business from these banks , went along with this scam . When investors purchased the loans , they thought they had long term low risk assets. When the market collapsed, whoever got caught with these junk bonds took the loss. The company’s did get fined , but nobody went to jail . They pleaded stupidly. And you can not put a company in jail . THAT IS TRUE CAPITALISM . Blame Ronald Reagan and the Republicans for the Deregulating the financial industry in the 80s .
i was taught at a young age, never trust any bank or the r.c.m.p.!
At the very least, the rating agencies should have been held liable. As their deliberate deception was at the very root of this bubble.
Nasdaq and the Dow Jones are members of the WEF - as are the BigBanks and most big companies. Conflict of interest? nah - they don't care about us and, since we still buy their crap, we don't care about us, either.
all of the rating agencies were involved and complicit in the scam . they rated garbage investments as AAA so they could get kickbacks . all evil scum
Kareem Serageldin (born in 1973) is a former executive at Credit Suisse. He is the only banker in the United States to be sentenced to jail time as a result of the financial crisis of 2007-2008, a conviction resulting from mismarking bond prices to hide losses.
You watched the Big Short too !
I bought a house working at pizza place delivering and managing with a girlfriend that was a field accountant for a construction company. After 4 months I moved out and left the keys in the mailbox. Ignored every debt collector for 7 years.
This really disrupted my family and I. I can honestly admit that this still gives me nightmares and runs through my mind every week.
not me ,, i am having exciting times , i bought all those stocks in the 2008 crisis for pennies
@@benjaminpauldimedio1683 based
This still makes my blood boil.
The good news is that Covid is cryophilic. Bush was supposed to be a TRUE CAPITALIST and Let the Banks FAIL! THEN, when the riots began, Bush was supposed to declare martial law and suspend the election. McCain would have become President, and the US would have already bombed Iran.
Know what Bush said? "I did not want to set that precedent (suspending elections) as President."
Know what Trump said? "Blame Bush!" Bush does NOT understand WINNING!"
Yes...all this thing is disgusting 🤮
Me too
It makes me so mad I want to squeeze my peepee that’s how mad it makes me
Me too
I remember I lost my factory job in 2008 it was really hard for me to find another job because of the recession in 2008 I always wondered why so many people were losing their jobs this documentary just answered my question this makes me really upset.
There’s nothing worse then watching your parents lose their home & business. My brother-in-law was his partner. My sister & her kids lost their home of 25 years too. Neither my parents or sister bought a home they couldn’t afford. My sisters house was a fixer upper they bought just after they married 18 years ago & I grew up in my parents house. They built grocery stores; Ralph’s, Northgate & Vons. There was just nobody building grocery stores or literally anything else after 2008. And nobody was hiring. The business was 38 yo. I’m a Dir. of HR so for the first time in my life I was unemployed also. It was terrifying to watch my parents as an adult lose everything & there was *nothing I could do* I still have nightmares about it.
"Nothing worse..."? Oh, there's plenty worse.
@@nonnobissolum Some of us have had to work for theses thieves.
@@kimobrien. having nothing to do with the comment that I made but whatever floats your boat.
@@nonnobissolum I don't know but somehow its hard to believe they lost everything although I did meet a homeless guy who claimed to be a Wall St stock broker.
I honestly don't understand your parent's situation. I thought the whole debuncle was about people taking out 'floating' loans and then the banks kept raising the 'floating' interest until people could not make the bank payments. Wrong?
The job of the prosecutor is to pursue justice and not to worry about the banking system. It's like, not going after a crime, but more worried about the welfare of the criminals
This is the justice system in North America period. You can do anything you want to people if you wear a suit.Lies are truth, scams are legit. No suit and it is fraud, you do jail time.
Our judges judge for the HIGHEST BIDDER. Our Prophets prophesy for HIRE.
We the People have proven that we are liars, cheats, thieves, and murderers.
How can we be trusted to govern ourselves? ONE LAST CHANCE: Epochal eclipse April 8th 2024. Matthew 16: 4 Jonah 3: 4-5, 8
Only them know the system
@@newyorkcity76 The goal of every banker is to put his competition out of business. This is the way capitalism works. Its a game that the rich play among themselves and we don't count.
Great documentary.
2008-2022 Fourteen years and instead of being behind bars these people at the top are now much wealthier than they were then. I marched with Occupy Wall Street knowing in my heart that we were a big joke to those guys. Untouchable for sure.
Hillary had her private chat with them in 2016 just prior to the election. No one will ever know what shady deal she was making.
Marching won't. Change anything I'm afraid that's why I don't protest all it does is get you jailed at best with a polce record the police are there to protect the CEOs and company board from you
Hahaha yeah, Wonder how many new,1000.00 suits they have lined up in the 200squarefoot walk-in closet,along with emlida Markos man shoes and blet's,dress shirts, n many drycleaners receipts from New York manhattan cleaner's, hahahaha,mmmmmm, what about eating out at the most expenseive restaurants, mmmsure at that time they ran into ex president clown Trump. . . That how the rich get Richer n wealther. . . They sell you a bottle of water for 10.00, n their cost is 4 pennie's at there cost. Profits r high. Inflation now, I think Isa ponsey skim now. More money in there bank's,so along that went on with just this last summer of 2022 with fuel at 5.50 gallon gas..........what I did was I spend alot less on gas, I didn't fill car up. I toke bus to work ,also rid bike. I never buy bottle water. . It's a joke. Also, I work in as a contractor, mason, landscaper, I kill myself to earn the american dollar. These men r money greedy hedgehog PIGS........... selfish, mental illnesses of that they will never be happy with millions,unless there r billions n, on n, on... Til the universe sucks them into the Black holes in the universe. I hope that they could see the txt message in there face.
Why is it unreasonable that a waitress or waiter would make 10K a month (120K a year) while an executive would make 20, 30, or 150 million a year? What could an executive do that is worth that much?
They conduct the orchestra.
Everyone else watches the show.
Is not unreasonable but unusual, and thats the essence of the fraud. They will give lons to people who would lie on their income. So many bad loans is what caused the bubble. But it wasn't the person getting the loan, it was the lenders who just gave lons away and then turned around and sold those bad loans.
Executives generate revenue. Waiters and waitresses do not.
Its an upside down system. Those at the top do the least work and get paid the most.
"We couldn't prove beyond a reasonable doubt that a crime was knowingly committed" said while literally wiggling in his chair from guilt. How can you not prove a crime was knowingly committed when they were literally placing public bets that their own deals would fail?
Greed is not necessarily a crime unless you are poor and committed it !! Truth + Wisdom = Peace ✌ 🙏 🙌
There's a funny joke that says if you borrow $1,000 from Bank you owe the bank $1,000 if you borrow $2 billion dollars in the bank the Bank owes you to billion dollars
Which CASTE were you born into?
Borrow $33 trillion / Blow it ALL up = Peace and Prosperity
did you spot the error?
dividing by zero
Corruption is a crime, right??
Yeah… they’ll arrest you for stealing food from a store but they won’t arrest you for committing crimes on Wall Street… rich assholes committing fraud but it’s not fraud… it’s something else.
government and Wall St. are ONE.
Yep. Notice no one went to jail? Government set these rules up for loans.
… always the best!!!! Thank you Frontline
"The Big Short" is a nice movie about this, I really liked it.
Really absurd that no one is in jail for this, yet in some states of the US you get a life sentence for your 3rd drug related criminal offense.
ofc it's obvious smoking a joint is far worse than swindling billions of dollars from poor people
In 2001, I applied for a home loan making $60K-$70K. After my approval I was asked "HOW MUCH DO YOU WANT". I said $200K. They gave me $250k. I should've asked for $350k and bought some rentals.
People in power protect each other while the rest of us have to live with our choices? Shocking!
Wow the FBI, SEC and regulators are portrayed as such negligent (knowingly or not) dumbasses. All that myth of fighting terrorism when the worst terrorists are right there in front of their noses, what a waste of money and lives. Loved the independent filmmaker saying that he found a bunch of whistleblowers during his spare time while the regulators didn't (want to) find them. The sheer negligence is comical. Don't know if it applies in the US justice system but in my country anybody working for the public administration cannot allege ignorance nor negligence just like that, they'd be prosecuted. That, at the very lest is what should happen to Lanny and the other buffoons who didn't do their job properly.
I really wish your people the best. The more I watch Frontline and similar docs, the more convinced I am that the corporate world is always wanting to screw you.
@Theseustoo Astyages America had the right ideals back in the day. Human nature always gets in the way.
@Theseustoo Astyages Ah of course it happens everywhere, did I mention somewhere it doesn't happen in my country? I wish! 😂 it's just that when things like this happen in economies of the US size, #1 it's more damaging and #2 the ripple effects affect the whole planet and last longer.
Curious…what country are you from?
Sadly, American laws and legal system, was largely created by the rich and powerful…to protect the rich, powerful, others who uphold the status quo…while punishing the “plebeians/oppressed/poor blacks & browns/and others who oppose the status quo”. The up and coming social climbers and others in society are then encouraged to drink large glasses of “Hypocrisy” and wait for their turn for greater benefits at the trough. Wash down with more “Hypocrisy”, rinse with a wallop of “American Dream”, and repeat the cycle.
@Theseustoo Astyages -oh you didn't know? Only America ever does bad things. From it's founding to whatever day it happens to be, America, according to the Left, is the one single entity responsible for everything that anyone ever suffered. All other countries are innocent, and if anything bad happens in their country, it's America's fault. You need to read Howard Zinn's famous made-up history of America, so you too can know who & what to blame whenever anything is less than wonderful.
glad your posting to youtube. alot of young people consume and learn fast. good they have this. when they want it. you go down rabbit holes and can learn lots. like i am. although seen most of this. makes me happy
This is an absolute stain on the justice system. This video is the epitome of what the US govt has become. Take whatever money you want and steal and even if you resign from your CEO position .. you pay yourself millions a year retirement. Ha. Most govt officials own half of stocks or even are on board of these banks and companies. It's sickening and huge conflict of interest
The wealthy and well-connected operate under their own system of justice.
Couldn't agree with you more, Emily.
But if we the common folk do what these deviant bankers do (still to this day), we would be put in prison. I CANNOT stand the hypocrisy and the constant double standards these shits do themselves. I guess it's safe to say they are Untouchables in this cold and dark world. My blood is rapidly boiling on this subject.
@@michaelstevens2027 It bothers me greatly as well. Here’s something else. The ultra wealthy and corporations essentially write the tax code by funding politicians’ campaigns. This has the effect of expanding the wealth gap.
@@EmilyTienne Again you are correct. I mean damn, will this standard of practice ever end?? Emily, I am not so sure if I live in the United States or some other marxist type communist country. This is just like electing either party (Republican or Democrat) to any office and does nothing short of drinking coffee. It must be very nice to be ultra wealthy and literally enjoying life...while we, as common down to earth folks has to continue suffering at the expense of these wealthy fat cats.
I live in the state of Ohio and it's the same way here. If I could I'd move to Amsterdam and try to be happy and not want ANYTHING to do with politics and politicians in general. They do nothing but continue to fuck things up (on purpose) every/any chance they get. It just enrages me to my very core.
Sorry I got a bit long winded on you there, Emily.
Yes. The world not meant to be equal..previlege is eh ladder by connection
@@blaquentgruppe6547 The world was not meant to be equal EXCEPT it should be equal in matters of justice. Get over it, elitist.
I’m starving and these bankers look like HOT FOOD. Counting down.
I just bet that if this were prosecuted under a jury all of these criminals would be in prison.
I worked as an IT contractor at GMAC about 8 years ago. They were doing exactly the same thing with car loans, pushing the hell out of "subprime" loans. I asked whether this was different than what the mortgage industry had done and was pretty much told no. Greed wins every time.
Laws in every country and throughout time have always been centered around a single idea..."he who has the gold makes the rules"
He who has ALL the Gold, makes ALL the Rules.
He who has the gold should run for his life and find a nice hidden place under the sky😇
He who makes the Rules has all the Gold.
They also say MONEY is root of all evil....You can't buy HAPPINESS.....More Money More PROBLEMS....Rich Man has 99 problems POOR man has none....some people are so poor ALL they have Is money....A FOOL and his money are soon parted
It robbed me of my job at an age in which no new employer wanted to hire men of 55 years old and up.
Thanks for showing us just how corrupt the system is and has been with no accountability. Greed may not be criminal but it is immoral and destructive to nation, state, community family. Maybe it should be criminal to a civic level where the masses arrive to the mansions with torches and pitchforks.
Hope you are going good now 😊
The only accountability is you not saving over those 55 years of life
@@PatrickGotHands hello Jack Welch, I was expecting your reply and weak excuses. Save you say, lol, many lost exactly that ,their savings in the crash of 2008 due to fraudulent activity and greed.
The tax payer then had to bail out these con men and buy back their own jobs. Corporations have abandoned their responsibility to the communities in which they operate . Corporate fraudulent activity has robbed people of savings and effects the total economy and quality if life.
Prior to the 1980's corporations shared more if the wealth the employees created. There is no justification for the huge gap in pay between worker and executives. But I am sure some will try.
I lost my entire life (job etc) as an I.T. Professional at age 45, and in 15 years have never recovered ... not even an eighth.
@@PatrickGotHands cuckin for capitalism… 😅 ok they won’t give you money for backing them in TH-cam comments 🤦🏾♀️🤦🏾♀️🤦🏾♀️
devastating earthquake and tsunami struck Japan on March 11, 2011 triggering a crisis inside the Fukushima Daiichi nuclear complex. This 2012 documentary reveals how close the world came to a nuclear nightmare. Touchable
The destruction this caused was no laughing matter at anytime
In Iceland the bankers went to jail. The government was fired and new elections were held. In America we gave them the bail out.
That’s great for the 200 people that live inIceland I guess.😊
Great documentary!
As someone who was financially ruined by this activity I am insenced that they walk free while I , like thousands of others have to scrape by
This is the end result, in my opinion of Free Market Capitalism, ie under regulated organizations who have never been held accountable. The government is so intimidated that they do nothing beyond hold ing bullshit hearings and investigations that even
clear criminal content
does nothing to pursue justice.
What does this tell you about our ways of both doing and overseeing business in this country?
Personally, I will do everything I can to help Bernie Sanders take office.
The coyotes have been running the chicken coop for too long.
@@jonathanstickel254 well said !
I scrap bye, it's not easy,l have good days n bad days.well they have to look at themselves in the minorr, how ever when they brush there hair,n brush teeth. They affarid to possibly look at themselves minorr n think ,well I'm a con man, I have a metal illness with high money lifestyle. I've seen this with other's in my lifetime of, friend or two. I work in a small self, employed landscaping business, I earn. Like, 12,000.yearly. low income for these modern times. I'm not into being a capitaust at all. It's simply not healthy to think about high money lifestyle. It's almost similar to what drug dealers do for a living. Sell lots of drug's on streets or how ever n where, there minds r demonized....of high stacks of MONEY in there hand's. Money does not buy happiness. It's only can get you into troubles,one after another. The devilis r out there.
Lawyers are cowards if they might fail despite being the right thing to do.
Thanks for this content
God bless you
After having watched this piece of fine work by PBS FrontLine , I can only speculate that a lot of those involved were the same ones working on the hill .
It defies logic that they get bail outs instead of prison
pretty ironic right
@@hector5749 Definitely
Ah ha........WHO's logic? Ours or their's?
and we get shit &;have to pay for it
I remember telling people to stay away from bad loans, no "adjustable" rates and be prepared for lean times. They didn't listen, they signed and then they couldn't pay when the bottom dropped out. I myself got a mortgage in 2004 when I moved a new home, the second house I purchased. I was approved for twice as much as I was willing to borrow. The realtor wanted me to go much higher but I refused, I told her I was the one that is responsible to pay back the money and I know what I can afford. I worked in a job that was hot and cold, I don't live above my means and always had a way to pay the loan if I was unemployed for 12 months or more.
You called it. Very happy you didn’t fall for it.
There was blame on the buyers too . In 2008 I made $40,000 . My neighbor in the apartment I lived in said I could buy a $200,000 home for $200 a month for 2 years then sell it to buy another . I new better . Alot of people didn't. Yes the homeowners were to blame too . My neighbor was a mortgage broker . I said if that's true why do live across the hall from me .
This!! Takes two to tango however, much of went on was very predatory.
Agree, Homeowners are entirely complicit in this whole mess. They paid the price by losing their homes but the bankers not so much
Amazing investigative reporting done by Frontline. Appreciate the content
All these guys putting on a Broadway show and behind the curtain protecting each others... Human nature !
These guys all have great voices. Who knew a mortgage loan originator could fall back on voice overs if they had to.
It's really a shame Eliot Spitzer had his problems... He was doing a damn good job going after the " Big Guys" in the banking industry that caused the mortgage debacles.
It’s no coincidence Spitzer was taken down in a scandal. He’s hardly the only politician who has been with a professional (not excusing it, and many do much worse), but somehow he’s one of the few who has ever been prosecuted.
Watch "Inside Job". Eliot Spitzer explained how they came after him for his prosecution of these sleezeballs.
He most probably was setup to discredit him.
Thats how they control people. Most of these people have skeletons in their closets if you dig too deep they will destroy you.
Incredible no one has been held accountable.
It's 2022, I lost everything back then, and have never recovered, all I do now is work to survive
No options for retirement or an own home just survival, and every year there are months where it's wretched.
These guys will keep getting richer and the middle class will be eroded,
Why did you apply for a loan you couldn’t afford to pay back?
@@TheVoiceOfReason69 because owning a home is the American dream. Unfortunately and stupidly i would have might have done it too i didnt even know you could apply for a loan at that time and get approved.
Honestly too depressing to watch.
I love how the CEO of Goldman talked about market making activities
Corrupt at the highest levels!
Corrupts and cover up
lol Do What Thou Wilst.
The US is the best Government “money can buy”!
Yes" the corruption starts in the white house !!!
The fact that they got away and will still get away tells that there are some other people/power who controls the system and there s nothing an average Citizen can do something about it.
I always wondered what 2008 was all about . This went a long way to get a reasonable picture.
A definite sense of injustice against the financial institutions
This is why Trump was elected. A hard swing the other way because Obama listened to Timothy Geitner's doom and gloom scenario instead of the American people's outrage.
@@oldmandoinghighkicksonlyin1368 absolutely right. Why has no one ever noticed this before. The deplorables are are filled with anger for everyone on both sides cause they know it's a joke always at their expense. I am 72. Been watching this creep slowly along for over 40 yrs. The people will turn on each other first and then the politicians, judges, corporate scum and wall Street. Assassinations etc. Repeat of the 6O's and maybe worse. Oh well the young will be left to clean up the mess. I pity them.
.
@@ey67
I doubt things will change too hard because everyone's used to a slow decline that increments in small depressing steps downward. I'm sure there'll be a huge difference between 2008 and 2058, but I don't think any of the Black Swans or Fourth Turns will become true. The elites have perfected misinformation, dividing the poor to hate one another, and addictive distractions.
No one gives hope for the future, except for rich con men like Elon Musk, which is a great barometer for how pathetic and terrible things are in western culture. At least the nobility of the centuries past had a sense of civic responsibility. Now if a rich and powerful hero or heroine exists, they're an exception and not the rule.
With any luck, WW3 will start soon, but there's no profit in that so it's a long shot. I think just unrelenting instability will be the hallmark of the next half century. That's not good for birthrates or a stable culture.
@@oldmandoinghighkicksonlyin1368 "hard swing the other way.
?" Trump made a goldman sachs banker- Mnuchin- the treasury secretary. He threatened to fire Yellen if she raised interest rates and even praised the notion of negative rates. He made a former Rothschild banker- Wilbur Ross- his secretary of commerce. He enriched the banks by encouraging them issue RECORD amounts of debt!
You're delusional. None of these pricks work for us!
@@oldmandoinghighkicksonlyin1368 agreed. the financial crisis blew the doors off of public trust in institutions &
respect for professionals/leaders /elites.
the Tea Party was a reaction to all that & the populist viewpoint was prime for Trump's politics of grievence
Could they have audit the politicians as well as Wall Street to see who made profit or received kickbacks? Just sickening
It's a no brainier. The golden rule. Those with the gold, make the rules. Period. Done. Always has, always will. Carnegie . Morgan. Rockefeller.
CHRIST SHALL RULE
It's shameful how this across the board failure of morality almost collapsed the world economy. At least sometimes you will run across an honest person.
People for the most part are dishonest and greedy.
We all say we're not, and when people are looking, it might be true.
But deep down, it's the human condition. It's why there's corruption everywhere when there's no regulatory agencies, it's why we need checks and balances, it's why communism will never work, and it's why the Vatican protects lil-boy-bum-sniffing priests.
@@oldmandoinghighkicksonlyin1368 I appreciate how you said “conditioning” instead of “nature”. A lot of people do not understand the difference. It is not human nature to be this way. It is however conditioned into us to be able to survive in capitalism.
@@oldmandoinghighkicksonlyin1368 however. Communism splits it down to the smallest parts of government. The government isn’t one entity on its own. There’s so much going on to make capitalism work as a whole. Communism just gives every part of government a voice, which gives everyone as a whole a voice. Instead of trump being able to win despite having 3 million (I’m not sure if my number is correct but I know it’s very high) less votes in the popular vote and still winning. Capitalism doesn’t work. History has proven that over and over again.
@@d.h.4778 Maybe we should return to a form of benevolent monarchy, as those have shown to last the longest. Mind you, those systems are pretty rigid and depend on a much greater ignorance of the population (illiteracy and fear of religious persecution). But some monarchs were good when they picked the right court/nobility who had a mind towards civic responsibility. It's a form of nanny state, though.
@@oldmandoinghighkicksonlyin1368 orrrr, we as the people could actually have our voices heard and listened to with communism. If people actually looked into it instead of listening to the propaganda shoved down our throats about how bad it is (that’s the point because the people with all the money don’t want us to agree the wealth should be shared and everyone deserves a roof over their head and food) too many people would want it. Millennials and gen z majority are left leaning, and more often than not socialists or commies because we have so much information at our fingertips.
Too big to fail, too connected to jail, but our nation can't succeed, with this level of greed.
"Too Big To Fail" has two different meanings, and they are both true at the same time...
- an institution too successful & too profitable to succumb to a devastating event.
- an institution too important to be allowed to falter or fail.
Glass-Stegall act need to come back. It stopped “too big fail” after the crash of 1929. Clinton/congress. killed it in 1999. Didn’t even take 10 years.
Sometimes you have to fail to succeed, Most times it amazes me greatly how I moved from an average lifestyle to earning over $63k per month, Utter shock is the word. I have understood a lot in the past few years that there are lots of opportunities in the financial market. The only thing is to know where to invest.
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or bitcoin and stocks..
I keep wondering how people earn money in financial markets, i tried trading bitcoin on my own made a huge loss and now I'm scared of investing more.
@@bjoe631 That won't bother you if you trade with a professional like *Mr Gary Mason Brooks* my coach, you may have come across him on interviews relating to bitcoin and stocks. He trades, manage trading account and offer mentorship program for clients who wish to become professional investors.
@@Florencecoxx You allow people to trade for you? that's interesting, I would love to learn, hope it’s safe?
@Queen OF Love Well this not my first time of seeing this name on social platform. A CNBC news host spoke highly of this man and his trading strategies. Do you know him ? if yes , did you invest with him?
Great job with quality journalism.
Lanny Breuer needed to be investigated himself. He was incentivized somehow to not actually investigate and to not charge any executives.
It's simple. Lanny A. Breuer never pursued the big fish because he and they are all of the same particular ethnic group.
It’s marry go around every 10 years something bad happens lol 😂