Too Big To Jail?
Yes, of course, I watched with envy and admiration at HBO’s ability to craft a big budget star-studded, well-acted and dramatic dramatization of the weekend the US economy almost went kaput. They call it “,.”
It was a brilliant and engrossing docudrama focused on the BIG Men and some women in the banks and in government who tried to put Humpty Dumpty together again back up on the wall to prevent a total economic collapse. Based on the work of a New York Times reporter, it offered a skillfully-made narrative which, like most TV shows, showcased events but missed their deeper context and background.
We heard all the explanations, save one.
There was greed, ambition, ego and money lust. There were personal rivalries and ideological battles, parochial agendas and narrow self-interest. There was panic on the Street and in the halls of the mighty, In many ways, the program recycled and made the official narrative compelling viewing. BUT … what was missing was CRIME, that one word that sums up what really happened for those millions of Americans who have lost jobs and homes. Notice we never saw them or felt their pain and bewilderment. We were never shown how a shadow banking system emerged or how the finance industry worked with their counterparts in finance and insurance to transfer wealth from the poor and middle class to the superrich.