Comment

Video: The Crisis of Credit Visualized

154
itellu3times5/02/2009 4:51:34 pm PDT

re: #84 Bagua

Yes, exactly.

Why I’m flagging it as propaganda is it attempts to give the “idiots guide” for the voting public, thus it is very useful to those who would like to overemphasize the responsibility of the fat, evil bankers and minimise the effect of the politicians, Ratings Agencies, Governmental Regulators, NGOs, non-elected international Regulators, the EU, Basel II,… the list goes on.

Meanwhile, he even slips in little visual canards, the responsible home owner is thin and has only one child, the irresponsible home owner is fat, and smoking and drinking and has “horror” three kids.

Well, I’m on his side in all of these. I blame the bankers most of all. They have given capitalism a bad name for all time - as stupid and greedy above efficient. I do not expect government to lead (eg, regulate) proactively in these areas. Every senior officer of every major financial institution, should be found both criminally and civilly liable on a dozen counts.