4 is a generous rating.
This documentary spends too much time on inequity of pay. Frankly, if all pay increases, we don't care if someone else makes more.
The housing index adjusted for inflation from 1890 was interesting.
They pulled out tiny bits of Allen Greenspans congressional inquiry to make him look bad. They used it to cast doubt on capitalism without justifying or explaining what the actual failure was that caused the crisis.
Banks loaned to people who should never have qualified for the loans. Yes. But why!? Banks would never do that because it puts them at risk. Underwriters would never do this if they were free to make their best decisions.
This documentary makes it look like it's the banks who cooked up this idea to lend money to people without verifying income. That's false. Bill Clinton signed law requiring lending without checking. They wanted to NOT DiSCRIMINATE based on INCOME That is just stupid. Banks simply complied and then figured out a way to sell the unvetted loans... risk mitigation. It's exactly what any business would do when the government forces them into business practices that do not make financial sense.
This had a lot of potential to enlighten about the 2008 fall, but it failed. I would not recommend this to my kids or anyone for a big picture of the 2008 banking crisis. It had agenda toward equity instead of focusing on the actual laws and resulting compliance that caused it.
