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Must Watch January 22: The Untouchables (Frontline PBS)

Looks like someone might finally take a hard and honest look at why the bank(st)ers got away with criminal activity and why the US government never charged anyone. 



Tomorrow on PBS Frontline at 10pm they are running "The Untouchables" which delves into this issue.

The expose can (they say) be viewed online as well. Visit here after tomorrow to view the episode.

We all know what actually happened...


  • Clinton and Greenspan removed Glass-Steagall Act
  • GW Bush and Greenspan then removed a ton more regulations
  • The banks leveraged themselves to kingdom come
  • Credit rating agencies rated junk debt as triple-A debt so it could be sold to suckers around the world
  • The whole ponzi scheme blew up in 2008, resulting in:
    • massive unemployment
    • massive loss in net worth due to the stock market crashing
    • massive home foreclosures and loss in property values
    • bailing out of the banks using tax payer money (sorry, can't fix up the school this year, we gave all the money to the banks
And the reason why no one was ever charged was because Bill Clinton and George Bush removed all the 'regulations' (aka laws) that would have made it possible to charge these guys for clearly criminal behavior on a global scale. 

It will be fascinating to see if Frontline names names and really tells the full story behind what sent the world into an economic tailspin in 2008. 

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