Wednesday, April 9, 2014

Too Big to Fail(2011)

Too Big to Fail (TV Movie 2011) - IMDb

www.imdb.com/title/tt1742683/
Internet Movie Database
Too Big to Fail -- A gripping look at the financial crisis of 2008 from. Photos. Topher Grace at event of Too Big to Fail (2011) Still of Michael O'Keefe in Too Big to ...
 
Though this is a TV docudrama it is very well done with a large list of well known and some award winning actors.
 
You have all seen what happened in the news and in everyone's life here in the U.S. and around the world ever since. However, in this docudrama it documents what actually was going on in Lehman brothers at the top and in the highest governmental financial circles in the U.S. and around the world which is very fascinating to watch.
 
Unfortunately, there are no real rules in place (despite what anyone in any government says) to stop this from happening again at any time.
 
Without something like:
  1. GlassSteagall Legislation - Wikipedia, the free encyclopedia

    en.wikipedia.org/wiki/GlassSteagall_Legislation
    Wikipedia
    The term GlassSteagall Act usually refers to four provisions of the U.S. Banking Act of 1933 that limited commercial bank securities activities and affiliations ...
  2. Glass-Steagall Act Definition | Investopedia

    www.investopedia.com/terms/g/glass_steagall_act.asp
    Investopedia
    The Glass-Steagall Act was sponsored by Senator Carter Glass, a former Treasury secretary, and Senator Henry Steagall, a member of the House of ...
  3. What Was The Glass-Steagall Act? - Investopedia

    www.investopedia.com/articles/03/071603.asp
    Investopedia
    Feb 26, 2009 - Established in 1933 and repealed in 1999, the Glass-Steagall Act had good intentions but mixed results.
  4. The Glass-Steagall Act Explained - NerdWallet

    www.nerdwallet.com/.../glass-steagall-act-explai...
    NerdWallet.com
    The Glass-Steagall Act of 1933, passed during the Great Depression, prevented commercial banks from trading securities with their clients' deposits and created ...
     
    without something like the Glass Steagall Act of 1933 enacted once again something like 2008 is inevitable to happen again at any time and possibly be much worse this time than the last worldwide.
     
    Because, at the very least the big banks are all still "Too Big to Fail".
 

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