Has anyone seen this flick?
By Daniel at 6 September, 2009, 12:02 am
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Sept. 5 (Bloomberg) — Michael Moore launched his movie “Capitalism: A Love Story” at the Venice Film Festival today, staging an all-out attack on the free-market system and on the U.S. government bailout of financial institutions.
“Capitalism is an evil, and you cannot regulate evil,” Moore, an American director and satirist, says in his two-hour documentary, one of 24 films vying for the top Venice prize. “You have to eliminate it and replace it with something that’s good for all people, and that something is called democracy.”
The movie covers a wide range of issues — from home foreclosures to the bankruptcy of General Motors — and has a lengthy section on the past year’s global financial meltdown, starting with the collapse of Lehman Brothers Holdings Inc. and bailout of companies including American International Group Inc.
Lehman’s failure and U.S. taxpayers’ $700 billion rescue of the financial system are providing material for film and television dramatizations. “The Last Days of Lehman Brothers,” a BBC Two drama, airs on Sept. 9 in the U.K.
In “Capitalism: A Love Story,” Moore and his crew are seen entering the AIG building to “make a citizens’ arrest” of the board of directors. They’re escorted out by security. Moore also goes up to bank buildings, saying that he wants to get “money back” for the American people.
Elsewhere, Moore suggests that Goldman Sachs Group Inc. influenced the administration of President George W. Bush because Treasury Secretary Henry Paulson was previously Goldman’s chief executive officer.
‘Goldman People’
Representative Marcy Kaptur, a Democrat from Ohio’s 9th District, says in the Moore movie that “all the people in charge” at the U.S. Treasury during the George W. Bush administration were from Goldman Sachs.
Contacted by e-mail before the movie’s Venice screening, Lucas van Praag, a spokesman for Goldman Sachs, didn’t immediately respond to a message seeking reaction to the references to Goldman in the trailer.
Moore spoke at a Venice news conference hours before his movie screened.
“There’s culpability amongst all groups,” he said, “whether it’s the U.S., corporations, government, and the American people buying into a rigged system.”
“I hope that people will start to wake up a bit and see that they are participating in something that’s causing them a lot of harm,” added Moore, wearing a buttoned red polo shirt.
Moore’s movie is on limited release in the U.S. on Sept. 23. It opens in movie theaters across the U.S. on Oct. 2.
“By spending just a few million dollars to buy Congress, Wall Street was given billions,” Moore says in the movie trailer.
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While waiting for Michael Moore’s movie “Capitalism, A Love Story” to come out, I found another new movie about stock market corruption:”Stock Shock.” From what I hear it is just like MM’s new flick which just premiered at the Venice Film Fest, but “Stock Shock” is shipping now.
The movie follows several Sirius XM investors through their experience of watching their stock go from almost ten dollars a share—down to 5 cents/share. The movie suggests this might be due to “naked short selling” and other stock market manipulation by high rollers on Wall Street. I don’t know if I’m a believer, but at least it gives a good review of how our stock markets are engineered. Amazon.com has it or stockshockmovie.com