Has anyone here seen 'Inside Job'?

I just finished watching it. All of my non-libertarian friends love it and cite it as a source for why need more Regulation. Its a pretty good documentary so far, but it seems a little biased. From the start they cite deregulation as the root cause of the financial collapse in the USA and Iceland. They interview tons of politicians asking them why they are so important, how they could have prevented the collapse if Bush and his evil derugulatory policies never passed, and why we should give more bureaucrats power over everything. Meanwhile, they never touch upon the artificially created bubble in the Housing Market, the Federal Reserve system, the government created entities Fannie Mae and Freddie Mac, how these banks knew they would get bailed out, how derivatives are under specific legal exemptions put into place by the government, how corruption in government works both ways, or how the entire banking system is fraudelent (FDIC enforced monopoly on fractional banking.)

Posted Dec 29, 2011, 2:57 AM UTC

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