Monday, August 24, 2009
Michael Moore's latest film, due in U.S. theaters in a little over a month, now has a catchy new title - Capitalism, A Love Story. Hopefully, the health care debate will have simmered down by then and angry citizens will be able to direct some of their ire toward the cozy relationship between Washington and Wall Street. Then again, that may be asking too much.
I've always wondered about the math discussed at about the 0:50 mark. It seems like a textbook example of leverage on Wall Street - "By spending just a few million dollars to buy Congress, Wall Street was given billions".