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Saturday, July 11, 2009

Capitalism: A Love Story

This is the title of Michael Moore´s new film to be released on October 2 this year and describing the events leading up to the current economic crisis. Now although this will be interesting, it´s pretty much common knowledge that a removal of corporate auditing protections and over-encouragement by the Federal Reserve Bank have led to the greedy bankers lending money to people who clearly were not capable of paying it back. So to some of the American audience this may come as a shock, to the rest of us who know that it´s all down to a bunch of fat cat bankers at the top that corporations are going bust and that people are losing their jobs, it´s old news. I can only assume that this goes back to Michael´s roots and the car manufacturing town of Flint, Michigan.

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