Robert Scheer: Access Journalism: The Movie

from truthdig:




Access Journalism: The Movie

Posted on May 24, 2011
By Robert Scheer


It is not true, as a Wall Street Journal reviewer claimed, that the HBO movie version of Andrew Sorkin’s book “Too Big to Fail” was “Too Boring to Watch.” On the contrary, the problem with the film, featuring excellent acting and taut direction, as with the richly anecdotal book, is that it is all too effectively misleading.

Fortunately, if viewers have already watched “Inside Job,” the spot-on Academy Award winner, they will not be led too far astray by this film’s adulation of the likes of Henry Paulson and Timothy Geithner. Paulson is portrayed as an eminently decent man, troubled by the imperfections of the TARP bailout, and when he throws up off camera in one scene it is not at all suggested that perhaps he could be disgusted that the misery he brought to the world had left him a billionaire.

When he resigned his position as head of Goldman Sachs to become treasury secretary, he cashed in $485 million in Goldman stock and was saved from a $100 million tax liability because he was entering government “service.” The film barely mentioned that Paulson was the head of Goldman Sachs when his company deceptively packaged and sold the collateralized debt obligations (CDOs) based on the subprime and Alt A mortgages that proved so toxic.

As Paulson concedes in his memoir, after George W. Bush appointed him treasury secretary, the president asked plaintively as the economy was crumbling: “How did this happen?” In Sorkin’s book, it is stated that the treasurer “disregarded the question, knowing that the answer would be way too long.” But in his memoir, Paulson provides a clearer insight: “It was a humbling question for someone from the financial sector to be asked—after all, we were the ones responsible.” .............(more)

The complete piece is at: http://www.truthdig.com/report/item/access_journalism_the_movie_20110525/

I was just telling Mr. smokey that I didn't like the movie because it portrayed Paulson, Bernanke and Geithner as heroes.

with WAITING FOR SUPERMAN, it is their drive to destroy then privatize public schools.

In this case, it is to convert Hank Paulson and other Wall Street operatives in government into heroes instead of the economic terrorists and traitors that they are.

If we had a true democracy, Hank Paulson would be in prison and Bradley Manning would be the subject of fawning movies.