And the criminals lived happily ever after…and the government continues to bail them out. We live in a mafia society.

The only way these men could ever learn from this is if the entirety of their assets were confiscated. When money is all a person cares about, the only way to reach that person will be to affect them financially. This was not done.

Not 1 Wallstreet executive went to jail... absolutely disgusting!!!

The rich never face consequences until there's a revolution.

I honestly don't understand the American deference toward the billionaire criminals who are crashing American communities and commerce. It's truly amazing to watch. It shows how easily manipulated humans are and I don't have much hope that things will get any better. This is a corporatocracy we live in--not a democracy but a new form of fascism. Americans have proven themselves to be quite resistant to that fact.

We keep calling this a crisis when in reality it the injustice of class criminals being allowed to escape consequences of their crimes against the lower classes facilitated by the big law firms they pay to manipulate the court system!!!

14:48: 💰 Wall Street and politicians were complicit in creating the housing crisis through risky loans and financial innovations. 33:05: 💸 Wall Street culture of risk and excess led to unethical and illegal practices at Lehman Brothers. 40:17: 💰 The 2008 financial crisis was caused by greed and fraud in the financial industry, resulting in trillions of dollars of damage to the global economy. Despite large settlements, no major executives were held accountable. 53:37: 💰 The 2008 financial crisis did not teach the public and decision-makers anything, but the bankers learned that greed and misbehavior have no consequences. Recap by Tammy AI with useful timestamps

Peace is not profitable. Wellness is not profitable. Righteousness is not profitable. Government for the people by the people is not profitable.

I was a victim of this crisis from Merrill Lynch's failure. I was also a Director at a small bank in Chicago and saw it all happening. What the documentary did not cover enough was the immense pressure from the Federal Government to lend money's to non qualified applicants. This subprime game was turned into a social do good program by the Federal Gov , and that was part of the reason that bank executives were not brought to justice. An agressive prosecution scheme by the Feds would unraveled many politicians. Very disappointed that the focus was only on Wall Street when yes, they executed, but the pressure and incentives from the Feds were really immense and near at a blackmail level. I was there!!!

Excellent investigative journalism. I recommend everyone to watch this at least twice, and become aware of what our financial institutions have in store for us.

No wonder the world is in such a mess. Look what they caused, poverty all over . Greedy wolfs are dangerous . It's time "THEY" FALL. The system is sick.

Can it happen again? What do you mean???? It IS happening again, even worse this time.

This is actually very frightening.... These hidden truths are astounding & to think that these monsters are still doing the same thing. What's to keep them from doing the same damn thing all over again. Sure looks like we are heading that direction now in 2023

Our government bailed these guys out with our tax dollars, none went to jail. These criminals are still doing this, and are still in government. We need to start prosecuting them and locking them up.

Something people need to say to themselves before committing a financial crime is not "lots of people do it and get away with it and get a slap on the wrist" but "how much of an impact will it have on the economy if I go to jail and my company collapses?" People at the top know that they will get away with their crimes because they know the whole world will collapse without them.

People that have sound morals don’t destroy other people’s lives for their own power and personal gain. But yes, there is individuals that would do that. This guy was one of them.

It never ceases to amaze me how these white collar criminals always pretend to grow a conscience after the fact, yet the victims are always the ones left to pick up the pieces and try to carry on as best as they can most of the time never being fully compensated for their losses it's just sickening.

The banking gov system is killing the people of all Countries, I'm not rich but I am debt free retired no CC bal. with savings, I feel vey luckily to foresee the system making us all slaves more forward

Instead of thinking about those who got away with it, Phillip Baker needs to think about the tens of millions of people who lost everything because of him, BECAUSE OF HIM, even if he was able to pay the $154 million, he will NEVER be able to restore the lives of the people he damaged. It is way too late for him to “make a difference”. He ALREADY made a difference; and it was not for the good. Why should anyone trust him again?

I guess money laundering act does not apply to banksters

TOO bad they didn't let the banks fail. I SAID it then and will continue to say it... THEY should have failed and not bailed out for what they created. NO love loss.

I THANK MY DAD (BORN IN 1901) FOR TELLING ME THAT IF YOU NEED TO BORROW MONEY TO BUY ANYTHING, YOU CAN'T AFFORD IT. SO, SAVE YOUR MONEY, LEARN TO BUILD WHAT YOU WANT. I'M DEBT FREE AT 75 YEARS OLD.

The dream is to own a home, but the reality has been being owned by the home.

Amazing that when they first discuss the NINJA loans they show footage of Black people walking the street. Subtle 17:52 and the dialogue goes "the idea is that you would lend money to people that gave no information about whether they had any INCOME whether they had any JOB or had any ASSETS" . Now that's how you imply something.

The 2009 collapse changed everything. I cut lawns full time in Alabama and we had multiple suicides from the crash near where we cut , we lost half our customers who could not afford to pay for lawn care .

Thank you, very well put together although the story being told is horrific.

And still living in a luxury apartment, strip him from all he owns, everything! Even the clothes he is wearing

That Lehman CEO is pure evil!

I see it from a different perspective, mortgages are the biggest fraud still going,mortgages charge twice even with great credit.A $500.000 cost to pay off over 30 years is $1.000.000 . The first 15 years is mostly interest and the next 15 years pays the house.The best part of the trick is the bankers never had the money ,they have a lisence to give loans,and thats a good thing for them.😂😅😎😎

Civil war against banks and bankers is the only solution!!!

I can't really tell the difference between Wall Street and Capital Hill.

You get away with nothing Karma never loses an address.

The great fraud crisis of 2008 which led to the great financial crisis of 2008. This was without a doubt the biggest crime of the last 2 Centuries. Neo liberal economics has corrupted our political system and our financial system. This must come to an end someday I hope

He didn't make a mistake. He made a CHOICE. And he knew what he was doing. And he is walking free, while his "investors" lost everything.

The world is a corrupt and dangerous place. So incredibly sad .

ONLY 460 MILLION AND U GET OUT AND NOW YOU PAID YOUR DUES... SOME GUY ROBBED A STORE 600 BUCKS LIFETIME IN PRISON EVEN THOUGH NO GUN...

These are the consequences of Nixon actions when it took the dollar off the gold. Can you really blame the other nations for not trusting the US fiat currency any longer?

In about 2001 Citibank assumed my mortgage on my 350K condo which I had paid 4 months in advance to my original lender. They put it in immediate default and ruined my debt consolidation after I suffered a near fatal head blow in a work related accident. Not that anyone should care what happens to me being that we are all strangers. My fiancee walked off and left our home that took our 2 salaries to maintain so I convalesced in the front seat of a 1982 Oldsmobile Cutlass Sierra until I had to settle for pennies out of court for the injury. I put 7K down on this condo and then the original lender sold it in a Collateralized Debt Obligation to Citimortgage. No one told me, which violated the R.E.S.P.A. Laws of Real-estate. They went through with foreclosure even though I had paid for a quarter of a year while I looked for employment. I wrote my own counter motions and filed them with the courts. As you can see by this video, the courts were complicit as were the ratings agencies. I knew this in 2002. I said it in my counter motions. No one listened to me and they all got fat, rich and complacent. I called out then, A.VP Scott Scheiner, Vikram Pandit and a host of others at Citi calling them embezzling defrauders in my case file and accused the administrative law judge of complicity if he could not see the sophomoric fraud that Citi was committing. I wrote to every one and haggled over the phone with them for 16 months. Finally in March of 2003, they threw me to the concrete and steel and stole my home. I lost my health, I was permanently partially disabled, my fiancee walked off on me and I lost my career as a musical equipment tech from my injuries. I lived in the street for all but about 12 years from 2003 to 2021. I haven't be able to raise my debt to income ratio to get back on my feet and they ruined my credit score with their lies. I knew this was how they did it. No one cared to care and no one listened. Gary Foster from Citi was the only sacrificial lamb or black sheep who was incarcerated. No one else went to prison. This documentary is the rub. That no one will prosecute people because they are paid to look the other way. This house, needs to burn down to the ground and through the basement for what they did to us, (6 million Americans). I hope some day it will. kzfaq.info/get/bejne/rdiGks-X0eCweX0.html

His father says he made a mistake! He committed a crime, a sin, he didn't make a mistake.

Thanks for this amazing documentry

Do a background check on all the CEOs of all the Banks and they have one thing in common, figure it out!

"He entered the US justice system where that is very scary place to be". That is an amazing statement the reporter is making. America is a scary place all together and a lot of people would like to go there because of the strength of their currency ..

at 19:20 the video states the amount of questionable loans at $35 billion annually upwards for a period of 14 years. OK, now let's talk about the $2 TRILLION spent bombing rocks and children across the Asian continent. You could have GIVEN - not loaned - $200,000 to ten million home buyers, which at that time in many areas of the USA would have paid all or much of the home's price. Even if this amount was spread more thinly among more home buyers, the reducction mortgage payments would have been within the means of many perople who otherwise defaulted. All a moot point, of course, because America is a criminal warmongering police state, your "news" is lies, and you invite the most disgusting intrusive surveillance and illegal actions taken against you if you stand against these things.

The people that make the big decisions, carry out new policies stay in the background. ( the hidden hands.) If something goes wrong, the CEO gets the blame...he is replaced and the new guy carries out the same plan...

When they plan to print money, they will print money, just keep going with the flow!

They didn't call the loans 'subprime' home loanss. They (wall street) packaged them together and sold them to and fro calling the notes 'mortgage-back securities' and 'collateralized debt obligations' which paid higher interest rates than other investments.

That's what happens when there are inadequate regulations. It's a financial wild west.

Interesting that the word "mortgage" translates to "death-pledge" etymologically isn't it?

I am one who do not want money or power. People like us exist. 😎

The exact same thing can be said for the student loan problem we are facing now. Universities have used it as a cash cow and egregiously raised tuition rates to extraordinary high levels for degrees that even if you do finish, provide no chance of getting the type of job needed to pay back the loan and live on and the colleges are not forced to have more skin in the game to prevent defaults. Students who graduate are left being indentured slaves to a loan system that is predatory, because if you take a deferment the interest accrues and is compounded into capital raising the amount you owe which in turn makes the interest payments higher. So you never get the principal down.

The banks also stopped issuing fixed rate mortgages, and insisted these vulnerable borrowers could only get predatory VARIABLE RATE MORTGAGES. The failure was planned. Why didn't anyone go to jail???

I was a Florida Mortgage Broker It went like this. 1. Banks pay Congress to repeal Glass-Steagall 2. Banks create subprime loans for high risk.buyers 3. Banks give, I mean "create" as no $ is ever lent just created, absurd loans knowing 90% will fail 4. High Risk borrower buys house 5. House later Forecloses 6. Bank takes ownership of home they "created" a loan from air to buy 7. Bank sells loan in no bid portfolio to Blackrock, Vanguard etc. for 15% of value 8. When things later collapse Banks need bailout 9. Banks create $ to loan to the U.S.Gov't so Gov't can give same money to the Banks as a bailout 10. Taxpayers get F'kd

Pres Obama had the chance to hold the Titans of Wallstreet accountable. Instead he gave up on hope and change

The love of money IS the root of all evil.

Lehman's accounting practices are not the least uncommon among large corporations.

Just watched the fist 10min. This guy is a classic psychopath. Care nothing about who he hurt. He’s all about himself

The men who will go to hell

Life has been a struggle since 2008

As George Carlin famously said, “ there’s a club and we ain’t in it”

Crooks.. All of them!!!

How is he out of prison no excuse .

JUSTICE IN AMERICA CAN BE BOUGHT ❗️❗️❗️ THIS IS HOW MUCH CORRUPTION THERE IS IN AMERICA

The problem is FRACTIONAL RESERVE BANKING.

Greed for power and wealth doesn't have saturation level.

"They made a terrible mistake" wasnt a mistake it was fraud they knew they were lying.

So...they let people that can't open email attachments run companies that took your boxes from you? If only there were a giant white tiger...

I wonder when the world will realize that there are more of us than there are of them

Cost the TAXPAYERS $45B. We are the government.

The whole thing was , alot of people could afford original 2 year fixed rate but it would baloon into an astronomical interest rate after that 2 year fixed expired. I remember spending 4k out of pocket to refinance after that fixed rate expired or my interest rate would balloon to 13% and my payment would triple. I was fortunate to be able to get out of that sub prime but many hard working people couldn't and they couldn't pay triple either. Outside of that it was a shit ton of fraudulent loans with no oversight

Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 23 months and l've accumulated over $700K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.

The man should spend rest of his life in federal prison.

The opening quote is accurate for the majority of us, the little people. For those that have destroyed our lives, their putrid, child killing, existence, is going quite well. This I don't understand how their putrid existence, is not being interfered with, if, you at all, understand what I'm saying...

And people still today think the justice department can't be bought......

Dick Fuld was walking Cancer dressed up in a suit

Excellent investigation journalism

These are two biggest black holes in the world ,WALL STREET AND HOLLYWOOD where any kind of financial skull duggery occurs.

THANKS FOR SHARING. I WILL BE DOING THE SAME . ⚘⚘ AND THANK YOU ALL THE HONEST PEOPLE. YOU ARE THE BEST .

Quote from Rothschilds- "GIVE me control of a nation's money supply, and I care not who makes its laws.”

My life wouldve been completely different if they hadnt done this. How many childrens futures have been effected and nothing changed, theyre just doing it again.

With 30 % of the annual USA budget going to defence, how much of the current $31,000,000,000 national debt has been spent on wars with countries not even threatening the USA?

Unbelievable that these CEO got away with this crime and no repercussions. Everyone of those CEO.S should have been stripped of all their assets, money and put in jail

Thanks 🙏

A lier is a lier, a thief is a thief and a criminal is a criminal. The arrogance of this thief to feel as though he should have been treated better than any other criminal. This is one of the problem and injustices of the criminal justice systems of the world. Those in positions of power think themselves to be above the law and when caught breaking the laws, and mind you laws more than likely they made laws, they still feel that they shouldn't be treated as criminal. That's not to suggest that there are not those that do get passes there are. But the point is that these types of people feel as though they're untouchables. While the poor people around the world pay the biggest price of all for what mistakes they may make and most of the time they're making these bad choices because there's truly not other alternatives. Poor people do not have many options, and in some cases no options at all, this is the reality that most poor people face each and everyday of their lives. In conclusion: a thief is a thief... Period!!!

See the inside job narrated by Matt Damon incredible and complicated

Film “oblivion “. Wall Street bankers, successors of bankers in London, are “sally”, Jack and humans detonated nuclear bomb in Titan. What we need is a hero from Wall Street within, collaborate and find a way.

When the men in black suits show up and say, “Come with us” you know it’s a wrap.

Aren’t these wealthy criminals ever afraid of people just reaching the limits of their patience. Are the so entitled and privileged that the government favors and bails them for their incompetence over the poor depositors depositors

If this guy hadn't gotten caught, he'd still be stealing from people and laughing all the way to the bank.

" excuse me sir, that $500 million dollar is wrong, I took less than $250 million. But really I made, well took, over twice that $250 million, I can't make it seem too bad, I got to lower that number "!!!

Behind every collapse there are Multiple Greedy Dicks Lehman Brothers CEO was just one Dicky Bird

43:01 "I believe it was Voltaire...etc." He doesn't believe it was Voltaire he knows it was, he's probably practiced that French part a million times in the mirror and was just waiting for the right time to sound smarter than he actually is. And his example didn't even fit the point he was trying to make.

Why is there no death penalty for these crimes?

It’s also stupidity and addiction…

I'm guessing that the Statute of Limitations has run out on these Mortgage Fraud Crimes however, I still want a publicized list of every person involved, from the Loan Originators to those responsible for fraud at the ratings firms [like Moody's, S&P] and the names of those responsible for prosecuting them but did nothing.

This good story👍

Thank you for being obedient to the callbof God on your life. May the Lord bless you richly.

Mainstream media just avoided discussing the impact on the world and made it seem like it was a hiccup in the financial system.

How shameful... Their greed had NOOO BOUND.... LOOKING BACK ..IT WAS A Pie in the sky...and even little people like me knew it...Even to this day ..when government meddle and people with bad characters don't care...THE COUNTRY SUFFERS. THE LITTLE PEOPLE THEMSELVES FORGETTING HONESTLY. AND THE COUNTRY KEEPS FALLING.

I still have a Lehman mortgage with Mr Cooper collecting my payments. I wonder what Mr Cooper is doing with my payments, giving my payments to Dick Fuld!

Different rules for different fools. Its about time these directors are charged.