"They seem like smart, good people who accidentally brought about a
disaster"
They did it to make more money for themselves and the bank. They were
obviously ignorant to risk they created for everyone and we are all still
paying for it and will be for years to come. For that, they should have
resigned, been fired or at a minimum demoted. Plenty of jobs for them at
Walmart.
On Wednesday, July 25, 2012, Jed Rothwell wrote:
> Terry Blanton <hohlr...@gmail.com <javascript:_e({}, 'cvml',
> 'hohlr...@gmail.com');>> wrote:
>
> The equivalent to Enron's "Smartest Guys" movie about the 2008
>> collapse is "Inside Job":
>>
>> http://www.imdb.com/title/tt1645089/
>>
>> However, it is more of a documentary than a drama.
>
>
> Yeah. I liked that one too. It was more factual than "Too Big to Fail" but
> "Too Big . . ." gives you a sense of what it was like on the inside, and
> how these people felt. It made me feel sympathy for people such as Paulson
> and Bernanke, and even for some of the bankers. They seem like smart, good
> people who accidentally brought about a disaster.
>
> There were some telling lines in the script which I suppose were taken
> from real life. It was fascinating seeing people trying to come to grips
> with something they never imagined possible. One that sticks in my mind was
> where two young men, who I suppose work for a bank and make huge sums, are
> going to the Federal Reserve Bank in New York on a Saturday morning to try
> to stop the growing disaster. One of them stops and says something like, "I
> don't know if I can bring myself to do this . . ." The other says:
>
> "Hey, you are getting out of limo and going into the Fed. You are not
> getting out of a Higgins boat onto Omaha Beach. Stop feeling sorry for
> yourself."
>
> Well said!
>
> - Jed
>
>
