The financial crisis resulted in billions of dollars of wealth lost by families across the country, persistently high unemployment, steadily high foreclosure rates, and the highest recorded percentage of people living in poverty. There’s no doubting that the financial crisis was deeply devastating—but was it a crime?
That’s the question that journalist and filmmaker Danny Schechter asks in his latest film, “Plunder: the Crime of our Time.” “Plunder” argues that the financial crisis was built on a foundation of criminal activity in the housing market, not just poor underwriting or unsustainable mortgage products. Schechter makes the case that wrongdoing committed by a few individuals, such as Bernie Madoff, distracts from the broader “fraud epidemic” now being investigated by the FBI. The film calls for a broad-scale investigation and reform of financial institutions to ensure accountability.
You can participate in the debate on the financial crisis by coming to see “Plunder: the Crime of our Time” on Thursday, December 2 at 4:00 pm. Woodstock Institute is hosting the film’s Chicago premiere and is bringing together top financial crisis experts for a panel discussion, moderated by the Chicago Reporter’s Kimbriell Kelly and featuring “Plunder” director and journalist Danny Schechter, National Community Reinvestment Coalition president and CEO John Taylor, and the Coalition for Community Banking's Terry Finnegan. There is no cost to attend the panel and screening and a light buffet will be served.
For more information on the film, panelists, and how to RSVP, please see our calendar. We hope to see you there!