There is a free showing at the Champaign Public Library on Wednesday, December 14th at 6 pm in Room A+B of the Pavilion.
This Academy Award winning documentary shows clearly and lucidly the origins and the actions that lead to the financial collapse in 2008. It explores in clear and compelling language the workings of the subprime mortgage market, the network of credit default swaps (bets), the failures of the Federal Reserve and Treasury Department to cope with the calamity, the fall of Lehman Brothers, Bear Sterns, AIG Fannie Mae and Freddie Mac, the $700 billion bailout for the Too Big To Fail banks and many more shocking revelations.
Most importantly it helps us understand who is to blame, why the free market ideology is a failure and how it might all have been prevented.
There will be an informal discussion to follow.
There is a study guide for the film available here.
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