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Special: Plunder - The Crime of Our Time

Special: Plunder - The Crime of Our Time

Watch this Link TV special presentation of Plunder:The Crime of Our Time, a hard-hitting investigative film by Danny Schechter that explores how the financial crisis was built on a foundation of criminal activity.
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Special: Plunder - The Crime of Our Time
Category: Documentaries
Regions: North America

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Plunder: The Crime of Our Time is a hard-hitting investigative film by Danny Schechter. The "News Dissector" explores how the financial crisis was built on a foundation of criminal activity uncovering the connection between the collapse of the housing market and the economic catastrophe that followed.

The film opens with the conviction of Ponzi King Bernie Madoff, whose acknowledged criminality drove a $65 billion dollar pyramid scheme. It argues that the wrong doing committed by a few individuals distracts from the real story, implicating the best-known institutions that financed and profited from fraudulent sub prime lending. This connection is now being investigated by the FBI as part of a probe into what it calls a "fraud epidemic."

Plunder shows how these firms created special securities to repackage and resell these dubious loans after they were re-rated as Triple A. These firms then bet against many of these toxic assets with credit default swaps and other insurance scams. By leveraging these investments, they recklessly put trillions of dollars and the world economy at risk.

 

Scroll down or click here to watch an interview with filmmaker Danny Schechter on the state of the economy since Plunder.

 

LEARN MORE:

Check out the Plunder page for more interviews with director Danny Schechter!
Check out director Danny Schechter’s blog and radio show!

 

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Special: Plunder - The Crime of Our Time
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