Wednesday, January 26, 2011

Inside Job documentary

An Ebert review of "Inside Job", a documentary about a leading and fraudulent cause of the big credit collapse.
The bad mortgages were sliced and diced into so many derivatives that the banks themselves had no idea what paper they were holding. In one of the more refreshing moments during the housing meltdown, Rep. Marcy Kaptur (D-Ohio) advised her constituents: “If a bank forecloses on you, don't move and demand they produce a copy of your mortgage. In many cases, they can't.” She was prophetic; banks are now halting foreclosures all over the country.

Thanks to DeltaCubed who recommended Ebert's blog. Here's a good post about the N-word and political correctness.

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