Generation Zero

I usually enjoy documentaries. I want to know what caused the financial crisis of 2008. Books like "When Genius Failed," "The Big Short," and "Liar's Poker," really shed light on Wall St's ugly side and the tricks they used to engineer the collapse of 2008. Unfortunately this garbage of a documentary largely fails at explaining anything but instead injects completely biased opinions ranging from Godlessness, to Saul Alinsky as reasons for our economic despair. REALLY?!! This film covers the usual right wing Kool Aid topics like, Hippies, Godlessness, 50's mothers (women), Community Reinvestment Act, ACORN, too much regulation, you've heard all this garbage before on Youtube commentaries but this movie lumps it them in one long propaganda film. The non stop music starts to grate on your nerves and is a shameless attempt to manipulate your emotions. Unfortunately morons will use this film as an echo chamber to their already warped sense of what is happening in this world.

This is a right wing attack ad disguised as a documentary.There are no real facts presented, just the normal right wing rants about how everyone who doesn't agree with their view point is ruining the country.Democrats = communists,all regulations are strangling the business world,social programs are bleeding us dry, etc. At least they could have tried to make this interesting but no the constant attacks on everyone but Wall Street and so self righteous that after less than a quarter of the documentary it starts to grate on your nerves. Hippies, Godlessness, 50's mothers (women), Community Reinvestment Act, ACORN, too much regulation caused the 2008 crash! REALLY?!! If you don't think but follow along and believe all the right wing crap this film will appeal to you, otherwise don't bother watching this.

This movie has politicians in it. Need I say more. Now you can do the critical thinking or you can give them credit and think they are the good guys. But they are now trying to gain your trust and get your votes by claiming to be for the people. They are set up under lies such as "Citizens United" where David Bossie openly admits that a great way to persuade is through movies. He is behind other movies such as Occupy Unmasked where the occupy protesters are claimed to use violence and intimidation. This movie is another "tactic" to gain trust when in reality people knew about the financial crisis in 2008 and who is behind it. Watch David Bossie's productions with cautious reserve. They like to tell some truth mixed with lies and an agenda that will keep lining their pockets and those they serve.

Cherry picking generality while purposely omitting facts does not make for an accurate documentary. Banks "too big to fail" and the collapse of the housing market came as a result of the deregulation of banking which started in 1978 under Reagan. TARP, while very flawed under Obama, was started by Bush. Bush also cut taxes while opting to take the US to war in Afghanistan & Iraq. More spending with less revenue results is a bigger problem. Plenty of mistakes have been make by both sides. The sad reality is that the primary role of an elected official is to raise funds to get re-elected. Doing what's correct is a career ending move. Instead of spending money on this drivel, give that money to charity (not a PAC).

Disclaimer: I'm a former hedge fund guy.

Did I see the crash coming? Yes, but barely.

My fund, and a fund I represented, had mucho skin in game tied to domestic interest rates and LIBOR. So, I wanted...willed...all to be fine.

Didn't work.

1/6 of all hedge funds crashed, and didn't cost the tax payers a penny. Like a noncompetitive mom&pop restaurant, they were correctly left to fail.

Core of crash was three-pronged:

1: Federal Reserve: They've created boom/busts for 100 years. How? Just as Soviets couldn't centrally plan the price of a pencil, wheat, or gold, no one on earth can correctly centrally plan the price of money.

2: Federal Government: Goes back to the Community Reinvestment Act, forcing banks to lend to people, regardless of credit rating. Hey, I want ALL people to be rich. But, selectively punishing banks for not lending "enough" to certain racial groups is evil, anti-market, and proved to be, destructive. Banks love to lend...love it, and care not of one's race, gender, or sexual orientation. They absolutely do care if one can pay back a loan.

Think I cared the race of my clients investing $5 million, $1 million, or even in my entry level fund, $250K?

3: Wall Street(creation of CDOs etc), rating agencies (rated garbage as "A"), and Fannie and Freddie (bought garbage mortgages,and therefore, encouraged them) played huge role in this mess too. But, without items 1 and 2, 3 would have been impossible.