In 2006, filmmaker
Danny Schechter was denounced by some reviewers as an “alarmist”
for his film 'In Debt We Trust,' which warned of the coming credit
crisis. He was labeled a “doom and gloomer,” until the
economy melted down, vindicating his warnings. His new film, 'Plunder:
The Crime Of Our Time' is a hard-hitting investigative film that
shows how the financial crisis was built on a foundation of criminal
activity.
To tell this
story, Schechter speaks with bankers involved in these activities,
respected economists, insider experts, top journalists including
Paul Krugman, and even a convicted white-collar criminal, Sam
Antar, who blows the whistle on intentionally dishonest practices.
'Plunder:
the Crime of Our Time' looks into how the crisis developed, from
the mysterious collapse of Bear Stearns to the shadowy world of
trillion dollar hedge funds. Insiders who work in the industry
and know it well tell both of these stories. 'Plunder' also shows
how hastily arranged government bailouts did not revive the economy
and may have lost billions.
Ultimately
the film calls for a full investigation and structural reforms
of financial institutions to insure accountability by the white-collar
perpetrators who profited from the misery of their victims.
