Michael Moore making a Bailout documentary
 

Not my favorite guy in the world, but if he gets it done should be interesting.

Right there on his website:


http://www.michaelmoore.com/


Looks to be entertaining.


Honest as Far as It Goes; "... we're not doing this to bail out AIG or their shareholders." ? Fed chair Ben Bernanke on new $30 billion handout | We're Doing It to Bail Out Goldman Sachs


What do you guys think?

fan fucking tastic

Sweet. I think his shit is more on point than alot of these fuckers give him credit for. Of course they want you to think he is making shit up.

nice, i hope he started shooting already.
WG

If the average American knew what this whole bailout money was paying for the whole process would never fly.


essentially paying off bad bets and fixing balance sheets with money that was never suppose to be there in the first place. It is sad that they get away with it indeed.


I just hope he does the film right and keeps it as accurate as possible. No need to stretch this one out IMHO

I'm sure it will be balanced lol...

You're probably right, but I really look forward to seeing it actually.

it should be good

I agree, his stuff is always entertaining.

He wont go after a single Democrat. :1orglaugh:1orglaugh:1orglaugh:1orglaugh
He will simply target Wall street execs and anyone Bush appointed in the current administration. The fat fuck is as transparent as a jellyfish.

Great he can point out that in one project 600,000,000 will be spent not creating one job, thats right zero jobs created for 600,000,000 and will cost money to maintain every year after again not producing one job.

Exactly. Fuck the bailouts:thumbsup

Good.....

I'll bet that this is going to be good.... I can't wait to see it!

These liberal idiots will never learn.

The real "abuses" are that the government is using taxpayer money to unconstitutionally bail out banks.

If he wants to see "abuse", he should go to Washington DC, not Wall Street.

one sided crap, people fucked up and fuck em thats the real story

The abuse is so blatant I'm not sure if a documentary would shed any more light on the subject.

But I look forward to seeing it.

It's amazing how these banks pretty much gutted the American homeowner by offering them terrible deals they knew would backfire. Then when the banks themselves imploded from their own greed and poor management, the taxpayers were the ones who bailed them out. And all the while their downfall caused everyday Americans to lose trillions as the stock market tumbled to new lows every day.

Gotta love it.

why would anyone think the movie would be a documentary? michael moore makes mockumentaries. this one is simply shooting fish in a barrel for moore.

Americans signed on the dotted line, whose fault is it now?

It would be an interesting movie.

i appreciate michael moore raising issues to mainstream, but after seeing the documentary "Manufacturing Dissent" it really made me re think how i view his movies...anyone else see it?

I just hope he doesn't cock it up with BS, but at this point better to have as much spotlight on these thieves as possible. I don't like the guy but have to praise him for attacking this issue now. I hope he does us all justice!

And tell me what happens if the american people don't 'fix' that ?

The whole fucking world as we know it collapses...

They went about it the wrong way.

We are not getting anywhere creating a bunch of Zombie institutions who don't lend and have to gobble up bailout money just to survive.

At the very least, null and void all Naked CDS contracts where the beneificary didn't even own the underlying security. Taxpayer is paying insurance claims to institutions who paid a fraction of that amount in premiums.

Think of it like this:


300 people on GFY pay me quarterly premiums to insure a certain security.

Out of those 300 people 20 actually own that security.

I am betting the security won't default so I profit off of the premiums.

20 GFY members the ones who actually own the security are hedging for legit reasons.

280 GFY members are simply betting the security will default so they can collect a huge sum.

The security defaults and I'm forced to payup. I can't because I never had the means to do so in the first place.

I have to get bailed out in order to pay off all the GFY members.



There are two things here that should NEVER have happened.

1) I should of never been allowed to put forth those guarantees without having the means to pay.

2) GFY members should of never been allowed to insure a security that they don't own. - Moral Hazard. Those GFY members for all we know could of done everything in their power to make sure the security defaulted.

The magic of private contracts between individual parties. Not regulated, nobody knows what your holding, the whole thing was just a loophole to evade the rules set in place to prevent this from happening.

Yes, borrowers deserve some blame, but since when has the banking industry in this country been "buyer beware".

You have always gone into the bank and asked for the most money you could get. The bank then gives you the amount they would like to risk based on what you can pay back. It's a simple market. But the BANKS failed on their end of that equation and gave people whatever they wanted even though they knew a huge percentage would never be able to pay it back. The majority of the fault lies with them.

If Ferrari suddenly started making crazy loans so every American could drive a Enzo and then ended up going bankrupt when every new owner defaulted, would Ferrari blame the buyers?

Of course. When you sign the loan YOU are responsible for the payment not Ferrari. Ferrari could give a fuck where you get the money just fucking pay your bills. See its this entitlement attitude and victim mentality that got our country into this mess in the first place, why do you think Obama got voted in? This whole country wants shit for free.

Balanced? You people never cease to amaze me sometimes. :1orglaugh

I guess if he made a documentary on the holocaust he should show half the film on what a nice guy hitler was and the rest? :helpme

Repubs and democrats are one and the SAME. When will you get that through your thick skulls?

I hear you what you are saying, but that's the marketplace. One side wants everything, and the other wants to give nothing. They meet in the middle.

A stock holder wants to sell his stock for an infinitely high amount and the buyer wants to pay zero. They meet in the middle. When one side fails then the market breaks down. The banks failed in their duties. The repayment of the loan in irrelevant at this point. The loan should have never been made and everyone at the time knew that.

Yes, borrowers should have known better, but the banks are the professionals in this equation. If a doctor gives you a fatal mix of pills to take home and you take them, do you blame yourself since you ultimately ingested them. Or do you blame the Doctor who was the professional and gave you the bad pills in the first place?

Don't get me wrong, I'm not saying there is no blame for the borrower and they should suffer no consequence. I'm just saying a majority of the blame should fall on the banks. But this is the real world and shit rolls downhill. The taxpayers will clean up the mess and the CEO's have already made off with their millions. :Oh crap

Great Michael Moore making more money out of societies misfortunes.

Yup I loved how they followed him around trying to get an interview, pulling the same gag that he's pulled many times :1orglaugh

Good for him, these bailouts are getting stupid.
They should have let the auto makers fail, claim bankruptcy then start again without union works and model themselves after Toyota & Honda.

I think LiveDose was being sarcastic :)

great... another fair, balanced and objective look at all sides of the issue. can't wait

:1orglaugh:1orglaugh

can't wait!!!

Wow, I wonder who he will blame?
He is as objective as Rush Limbaugh:2 cents:

notice there is no Republican equivalent to MM.

Hes not my favorite person either, but he des actually address topics and make movies about things that Republicans will never touch.

9/11, health care, columbine, bailout etc...

This man does great documentaries :thumbsup

can't wait :)

plz allow for the possibility that Michael Moore is a paid game-theoretical placeholder. He "Hollywoods" important events that are not suitable/mature for blockbuster movies. If he weren't there there would be room for a *real* voice of opinion. Michael Moore never asks the *tough* questions(see Alex Jones regarding Norad), if he did he would never be allowed on TV.