April 1, 2011

Inside Job

I have spent the day in bed today. I am not feeling well at all, and missed the last day of the course that i have been doing for the past month.

I found this documentary online, and watched it. Loved it. If you are at all interested in what caused the financial meltdown in 2008 - this is a must see.



"From Roosevelt until Reagan, the American economy enjoyed 40 years of stability, prosperity and growth. Beginning with Reagan's moves against financial regulation, that sound base has been progressively eroded. The crucial federal error (in administrations of both parties) was to allow financial institutions to trade on their own behalf. Today many large trading banks are betting against their own customers."

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