Wall Street Was ‘Too Big to Jail’

from Consortium News:




Wall Street Was ‘Too Big to Jail’

HBO’s new docudrama on the Wall Street crash of 2008 details the frantic government efforts to stabilize the banking system and stave off a global depression, but the program misses the systemic fraud and other crimes that were at the heart of the crisis, Danny Schechter writes in this guest essay.

By Danny Schechter
May 24, 2011


This week the financial crisis finally went prime time in the form of a big budget HBO docudrama called “Too Big To Fail.”

It was a well-acted docudrama focused on the BIG Men and some women in the banks and in government who tried to put Humpty Dumpty back together again to prevent a total economic collapse when panic dried up credit and financial institutions faced failure.

Based on the work of a New York Times reporter, it offered a skillfully made but conventional narrative which, like most TV shows, showcase events but miss their deeper context and background.

We heard all the explanations, save one. ...............(more)

The complete piece is at: http://consortiumnews.com/2011/05/24/wall-street-was-too-big-to-jail/

Danny Schechter has it right.

'But... what was missing was any notion of intentionality and premeditation, almost no mention of systemic fraud and CRIME, that one word that sums up what really happened for those millions of Americans who have lost jobs and homes."

http://plunderthecrimeofourtime.com/bio_danny.htm

I remember "Danny Schechter your news dissector" from the 70's on WBCN in Boston

IT'S AN ALL CAPS PEP RALLY, GOOOOOOOOO TEAM!!!!

sarcasm off. Rec'd.