Charles H. Ferguson
More books by Charles H. Ferguson…
“Once completely freed, the bankers very quickly ran their institutions off the cliff, taking much of the global economy with them. Not only did they create and sell a huge amount of junk, but they turned the financial system into a gigantic casino, one in which they played mainly with other people’s money.”
― Inside Job: The Rogues Who Pulled Off the Heist of the Century
― Inside Job: The Rogues Who Pulled Off the Heist of the Century
“ANYONE WHO HAS ever lived or worked in a corrupt dictatorship knows what happens. When the system is rigged, when ordinary citizens are powerless, and when whistle-blowers are pariahs at best, three things happen. First, the worst people rise to the top. They behave appallingly, and they wreak havoc. Second, people who could make productive contributions to society are incented to become destructive, because corruption is far more lucrative than honest work. And third, everyone else pays, both economically and emotionally; people become cynical, selfish, and fatalistic. Often they go along with the system, but they hate themselves for it. They play the game to survive and feed their families, but both they and society suffer.”
― Inside Job: The Rogues Who Pulled Off the Heist of the Century
― Inside Job: The Rogues Who Pulled Off the Heist of the Century
“Greece, whose prior government had hired Goldman Sachs to help it massage its national accounts and conceal its budget deficits from the European Union, could no longer pay its $300 billion in government debt.”
― Inside Job: The Rogues Who Pulled Off the Heist of the Century
― Inside Job: The Rogues Who Pulled Off the Heist of the Century
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