inside job, the documentary about what happened in the ‘financial crisis’ in 2008- what an important film. you can watch it in full HD quality for free.
and there are still new insights as to what happened exactly, as some recently revealed FED documents show.
The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates.
The amount of money the central bank [‘the FED’] parceled out […] dwarfed the Treasury Department’s better-known $700 billion Troubled Asset Relief Program, or TARP. Add up guarantees and lending limits, and the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system, more than half the value of everything produced in the U.S. that year.
best comment on the police brutality incidents at the #occupywallst protests in new york, glad to hear a major media outlet call this one out. because this does happen every day, in the US but also in other “democratic” societies.
remember the berlin cop that kicked the head of a demonstrator lying on the ground in 2010? or the guy with his bike at the freiheit statt angst demo 2009, who was first punched by a cop, wrestled to the ground, arrested and charged with assault on a cop - because he was asking for the identification number of another cop. or what happened to the older retired guy bleeding out of his eyes in stuttgart last year?
last year, amnesty international reported on 15 detailed cases of police brutality in germany, some of which even ended in death. like oury jalloh, who burned to death in a prison cell in dessau, with his hands and feet tied to a flame-retardant bed, and none of the cops on duty were held responsible. in a society we’d like to call democratic or free, this simply cannot stand. if the “western governments” want to differentiate themselves from the totalitarian regimes we love to criticize/bomb for oppressing their people, they better start cleaning up their act at home.
it’s sad that an initially peaceful protest will only be newsworthy through police brutality or riots. the real news is, that there is a scent of change in the air during these crisis-ridden times. people realize that the systems are not working anymore, taking it to the streets and protesting their governments (essentially for failing them). and this change is happening bottom-up, with brave individuals at the forefront. in closing, one more great comment from o’donnell on “tony boloney”:
innovation & marketing 2.0 consultant with a passion for sustainability, social business, and all things digital
-- currently on (semi-)hiatus studying korean in busan, south korea. --
third culture kid, green social entrepreneurship enthusiast, change activist 2.0, design thinker, culture junkie, berlin aficionado, global nomad, music fan, (urban) explorer, event hopper, TED lover, sailor, biker