Occupying America: Middle Class Outrage Finally Transforms into a Movement
By Timothy McGettigan
The film, Inside Job, won the 2011 Academy Award for best documentary. Charles Ferguson the director of Inside Job kicked off his Oscar acceptance speech with the following statement, “Forgive me, I must start by pointing out that three years after our horrific financial crisis caused by financial fraud, not a single financial executive has gone to jail, and that’s wrong.”Truly, there is no place like the USA. In what other country could a bunch of bungling bankers defraud the public of trillions of dollars and get off scot free? Even better, as Inside Job details with infuriating candor, the very same people who were responsible for the 2008 financial crash were also assigned the responsibility of “rescuing” the US from the economic disaster that they had caused. Give me a break. Would anyone care to guess why not even one Wall Street wastrel has been charged with financial fraud?
But it gets better. Recall that Wall Street bankers gleefully accepted billions of dollars from the federal government to bail out their bankrupted financial institutions. Without missing a beat, those villainously incompetent bankers converted taxpayer bailouts–billions that came out of your pocket and mine–into bonuses for their buddies. How’s that for justice?
What a scam. Bankers crashed their financial institutions, extorted billions from the US Treasury and, as punishment for their crimes, those selfsame bankers rewarded themselves with multi-million dollar bonuses at the public’s expense. This is what people mean when they say that reality is often stranger than fiction. Who would believe that Wall Street bankers could be so openly and brazenly consumed by greed?
Hmm,well, come to think of it, that hardly stretches the imagination at all”