zlacker

>>g-mork+(OP)
From the Big Short (movie)

Jared Vennett (narration): "In the years that followed, hundreds of bankers and rating agency's executives went to jail. The SEC was completely overhauled, and Congress had no choice but to break up the big banks and regulate the mortgage and derivatives industries."

"Just kidding. Banks took the money the American people gave them, and they used it to pay themselves huge bonuses, and lobby the Congress to kill big reform. And then they blamed immigrants and poor people, and this time even teachers."

>>eduard+tq
I feel like without adding some commentary with these quotes this comment lacks enough info to see how it relates to the linked article.

>>Fogest+Ku
without having watched the Big Short or having read the article, my first impression from the quote is "Megacorporations are failing dramatically, and the billionaires at their helm are freely doing financial gymnastics to pull the covers over the eyes of shareholders, while gaming the system to fully circumvent taxes and regulation -- the people with the power to do anything about it (legislators and regulators) watch idly (maybe profiting), the oligarchs make off like bandits despite copious failures, and the end consumer/taxpayer is either robbed or clueless this is going on, but most likely both, when there was a world where accountability could have been had and the common man was treated better."

the article headline immediately screams "financial gymnastics" to me so the rest followed from the quote.