“Inside Job” Reveals the Truth Wall Street Doesn’t Want You to Know
(Shared by Joe Overfield, VP – Financial Planning Division, Bank On Yourself Authorized Advisor)
There is a lot of speculation today on what caused the financial meltdown in 2008. We can sit here and listen to our politicians continue to mislead us so that we don’t catch on to the truth, or we can start doing our own research and begin to take care of ourselves.
If you want to find out the truth, watch the documentary called “Inside Job”. This documentary is the first film to expose the shocking facts behind the economic crisis of 2008 and what really happened. You will be shocked to find out just how corrupt our banking system in this country has become, yet they continue to do nothing about it.
The main cause of the crisis is due to the lack of regulation in the financial industry. Even though they were given plenty of warning in the early 2000’s they did nothing to prepare for it, because if they did they would lose the opportunity to make millions. Our biggest banks in this country, through lobbyists and large campaign contributions, kept the banking industry from being regulated as it should have been. The banks made billions of dollars through corrupt strategies, continued to sell products they knew were failing.
They were also making money on the backside by betting these same products would fail, yet when the bottom finally fell out, the key individuals of these banks walked away with millions and the banks were bailed out with taxpayer money.
Since 2008 the economy has battled a major recession, millions of homes have been foreclosed on, and the unemployment rate has risen to over 9%. The cause of this was too much political influence combined with lack of regulation.
What angers me the most is that we have not learned our lesson from being so greedy. The largest banks received bailouts and have grown to be even larger than before by acquiring the smaller failing banks that were not bailed out. They continue to lobby, spending millions more to keep the financial industry from being regulated, which is what caused the problems in the first place.
Are we heading down the same road all over again?
Take your financial future into your own hands and do not continue to trust the system. Don’t take my word for it, review “Inside Job” and find out for yourself!
Then come back here and click the orange “Get Started” button to request a FREE analysis with a safe money advisor, and find out what you can do to protect your own money from Wall Street greed.