Bloomberg: Michael Moore Slams Bailout of Wall Street, Wants ‘Money Back’ - by Farah Nayeri

For the complete report from Bloomberg.com click on this link

Michael Moore Slams Bailout of Wall Street, Wants ‘Money Back’ - by Farah Nayeri

Michael Moore launched his movie “Capitalism: A Love Story” at the Venice Film Festival today, staging an all-out attack on the free-market system and on the U.S. government bailout of financial institutions. “Capitalism is an evil, and you cannot regulate evil,” Moore, an American director and satirist, says in his two-hour documentary, one of 24 films vying for the top Venice prize. “You have to eliminate it and replace it with something that’s good for all people, and that something is called democracy.”

The movie covers a wide range of issues -- from home foreclosures to the bankruptcy of General Motors -- and has a lengthy section on the past year’s global financial meltdown, starting with the collapse of Lehman Brothers Holdings Inc. and bailout of companies including American International Group Inc. Lehman’s failure and U.S. taxpayers’ $700 billion rescue of the financial system are providing material for film and television dramatizations. “The Last Days of Lehman Brothers,” a BBC Two drama, airs on Sept. 9 in the U.K.

For a preview of the new Michael Moore movie click on this link.

Note EU-Digest "Banking establishments are more dangerous than standing armies." So wrote Thomas Jefferson to a friend in 1816. As Time Magazine concluded in their article about the new Michael Moore movie: " The question remains: will Capitalism: A Love Story rouse the rabble to revolt? Or will audiences sit appreciatively through the movie, then go home and play the cat-in-the-toilet video?"