The Wall Street Conspiracy

Interesting. Actual illegal conduct by firms and also severe negligence by the SEC in both dealing with that and the DTCC's shenanigans, not just a bunch of 'systemic risk' allegations about too-big-to-fail or blaming people for eventually making large, prescient bets against the housing bubble using legit methods like swaps and CDOs. Seems like we may have been fed a limited hangout all these years to cover up for the fact that people should be going to prison for 1) fraud, and 2) criminal malfeasance in the performance of their duties as sworn government employees... not to mention that we need massive new regulation of the financial industry to prevent all phantom instruments.

This doc does leave out much on the subject of banks, insurance, and trading funds being allowed under the same umbrella company, which is quite a different problem than the size of a financial company, and also the fraud and conflict of interest by the ratings 'agencies' that contributed. However, idiotically-blaming Michael Burry or simply companies being over-extended really has got to stop, especially when actual mass criminal activities that were happening then appear to be conveniently still occurring... activities back then that, in retrospect, begin to resemble rats on a sinking ship frantically trying to eat each other after they've eaten a hole into their own ship.

This documentary is a must-see. It is hard to describe my feelings after watching the film.

The events surrounding GME opened my eyes and confirmed, that those practices are still ongoing. A flood of cheap money and lackluster regulation have created another monster like in 2008. It sounds unbelievable, that something so big could go on for such a long time, undetected by the public. But we can assume those practices made some heavy hitters a lot of money and they would protect their golden goose, until unlimited greed caused the GME disaster.

Michael Burry invested in GME before anyone else. And again he warns of the shady practices going on. But again the public is not aware of what is going on behind the curtain (GME just being the tip of the Iceberg). We can only hope it is not too late already to prevent the next major economic crash.

For stars, suspense and glamor, this cannot compete with the slick Hollywood Wall Street movies. Unfortunately, it shows new ways the rich and powerful people, traders, banks and corporations continue to find new ways to steal from everyone else, plus some of their own, while the regulatory authorities turn their back and let them get way with it. Not only do they steal money by the millions every day, they also destroy many useful start-up companies that lack the resources or regulatory support to survive the cut-throat pirates of the Wall Street bankers and traders. This is a documentary/expose that needs much wider acclaim, publicity and a national audience; but, I doubt that will ever happen.

A must watch for ALL and is still relevant today as your money is and has been stolen for decades by wall street! This documentary will give you a new perspective on money and business practices that will make you question the stock market and SEC, because it is and has always been rigged against the little guy (retail) or small business owner.