If bank corruption is so clandestine and insidious, why can they just make movies like The Big Short with no consequences? Also why does no reform happen?
>>1718855
because the mechanics of said evil are incomprehensible to the general public
>>1718883
So it is another 'humanity has too short an attention span to avert itself from its own doom' thing?
>>1718855
We should talk about it more to bring change
>>1719038
people need specifics to cluster their rage around. rage and revolution don't work with multi-leveled complex maths between govt, lenders, credit agencies, markets...if something explicitly was insidious you would expect a degree of regulation in that regard (like banning monopolies)
>>1718855
what did this movie portray wrongly about working in the finance industry?
>>1719068
>Isn't the banning of monopolies just other big powers' way of keep the door open for their own opportunities?
the narrative the public is fed goes something like
>monopolies destroy competition, and an open competitive market is what gives you, the consumer the power to keep prices low!
monopolies are consolidated greed, they are too obviously insidious and so are illegal.
>>1718855
connections and creativity mostly, the main reason banks aren't attacked by our politicians is due to the amount money they spend financing their campaigns which secures political allies they can lobby, this further complicated by the fact that even the most insidious hedge fund investors will typically frame their endeavors in economic terms which seem ideal for the nation as a whole and are difficult to argue against if you don't have proper grip on the minutia of finance or macro economic terms, Alan Greenspan in particular masterfully confused the fuck out of people when 'answering' their questions. Beyond the barriers caused by the incestuous nature of our political structure, the creativity of financial institutions is second to none really, and by the time the public catches on to one form of shady unsustainable financial maneuvering-like the CDOs and subprime mortgages which caused the housing crisis-banks simply move on to greener and more obscure pastures.