Theo Answer: Yes, and adding to Ben and Bill: Students are a second category. They use the film as a tool to make other students
Discouraging new forms of entrepreneurism that threaten established businesses, is a classic form of government interference that affects many different industries in the urban marketplace.
As Paulson says with regret in the film, that program had a worse approval rating with the public than torture. People were asking, "Why were those fat cats being given money while I am losing my house?"
The Wolf of Wall Street did not create or endorse the corrupt culture and lifestyle it depicts, but simply pulls if from the shadows and puts it on display. If this inspires people to follow Belfort's example, the issue isn't the film.
"There's probably no city that's more financially challenged in the entire United States," said Michigan Gov. Rick Snyder, who declared a state of emergency in Detroit. Guest Ashley Woods joins Jacob Soboroff to discuss.
The 2008 financial crisis cost the U.S. economy more than $22 trillion, a study by the Government Accountability Office published
“If the futures markets behave as they have historically, then this is not necessarily a bad thing,” Frenk said. “If this
Killing Them Softly does a wonderful job of creating a realistic, lived-in world in the post-Katrina wreckage of New Orleans, without a lot of frills or even much music. While it is no fast-paced bulletfest, when the violence comes, it's scary, gory, and brutal, as it should be.
When the economy falters -- or even worse, when deep structural fissures appear -- voters invariably hold the White House incumbent responsible, and his party suffers the consequences.
Watch the plenary addresses from the 2012 Global Philanthropy Forum Annual Conference, taking place in Washington, DC, April
"You can go back and say, should we have done some things differently leading up to the environment we got in?" Alan Schwartz
"You could slide into a growth recession but you wouldn't see the scale of decline in growth we saw during the Lehman crisis
I would be willing to sacrifice a second term, if I believed that my successor could and would do the things necessary to get your bacon out of the fire.
The film Margin Call takes us inside a lightly fictionalized stand-in for Lehman Brothers called HMS, where a young risk analyst discovers the math that proves HMS' imminent demise.
People are generally classified as expenses on the income statement and liabilities on the balance sheet -- not as an investable asset. Thus, when CEOs seek to increase profit, they cut costs -- like people -- rather than investing in assets -- like people -- that can appreciate.
In protecting Wall Street after the 2008 crash, the executive branch violated its core constitutional duty. It is now clear that there are virtually no limits on the magnitude of the crimes that the nation's most powerful private actors can commit with impunity.
Proponents of this cataclysmic way of thinking are super-communists, secular-humanist Burning-Man attendees, and Jane Fonda
As it is, we all have a decent chance of muddling through. Not very satisfying considering our expectations for change we could believe in. But in light of how truly rotten underlying conditions turned out to be, it could easily and always get worse.
The very idea that Wall Street -- and Standard and Poor's -- would have the chutzpa to lecture the rest of America about fiscal responsibility should infuriate each and every American.
Tim, Tim, Tim. You've been throwing around a lot of scary words like "disaster" and "hardship" and you seem a little tense. Don't freak out. You're a babe in the woods when it comes to financial hardship, so let me guide you through this.