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Plunder: The Crime Of Our Time

4.2 out of 5 stars 10 customer reviews

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Editorial Reviews

A hard-hitting investigative film by Danny Schechter. The News Dissector explores how the financial crisis was built on a foundation of criminal activity uncovering the connection between the collapse of the housing market and the economic catastrophe that followed. To tell this story Schechter speaks with bankers involved in these activities, respected economists, insider experts, top journalists including Paul Krugman, and even a convicted white-collar criminal, Sam Antar, who blows the whistle on intentionally dishonest practices.

Special Features

None.

Product Details

  • Actors: Various
  • Format: Multiple Formats, Color, Dolby, NTSC, Widescreen
  • Language: English
  • Region: All Regions
  • Number of discs: 1
  • Rated:
    NR
    Not Rated
  • Studio: Disinformation
  • DVD Release Date: April 6, 2010
  • Run Time: 100 minutes
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (10 customer reviews)
  • ASIN: B0033HKDZE
  • Amazon Best Sellers Rank: #136,235 in Movies & TV (See Top 100 in Movies & TV)

Customer Reviews

Top Customer Reviews

As telling a scene as any I've watched in a documentary happens in the 2010 film PLUNDER: THE CRIME OF OUR TIME, where demonstrators marching against Wall Street corruption refuse to talk to a C.N.B.C. television news reporter. You'd expect it to be the criminal bankers avoiding journalists, not their subprime mortgage scam victims. Yet the people seeking justice do not want to talk to C.N.B.C. and other corporate media.

Journalist-director Danny Schechter's PLUNDER: THE CRIME OF OUR TIME presents good reason for the silence of the financially slaughtered lambs. Showing television news clips from the years leading up to 2008 collapse, we see C.N.B.C. and other such "news" providers only interview individuals warning of the crisis when alongside financial services flacks who talk over them, drowning out the truth. To those who lost their homes in the subprime mortgage bait-and-switch, corporate news may as well be partners with the lenders who took advantage of them. No wonder Schechter tells that C.N.B.C. reporter, "They hate you."

That scene typifies the tone of PLUNDER: THE CRIME OF OUR TIME, which reports what's happened from the point of view of those who matter, average Americans. Danny Schechter takes it to the streets in a blow-by-blow recount of the victimization of millions of Americans that is the second Great Depression. The facts need no point-counterpoint; the wealthy took the money and ran.

See PLUNDER: THE CRIME OF OUR TIME.
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Tells the story of how the banks failed, those who were responsible, and how they'll never be punished. A provocative presentation which should be bought and passed around forever.
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While I found this film to be quite engaging, there is one fact that was not covered. If it had been covered in this film, it would have given a much more complete picture of what really happened and the central bank's role in the debacle.
Mr. Greenspan, then head of the Federal Reserve, lowered rates to 1-2% and kept them there for several years after the mini-crisis in 2001. Then adjustable rate loans were pushed on borrowers. And I mean really pushed on borrowers during those years. Many people who applied for fixed rate loans were denied and offered "alternative" approvals for adjustable rate loans. Then, as those crucial first adjustments started coming due, the Federal Reserve began raising rates. They raised rates every month for 16 consecutive months. Once that happened, some of those first adjustments were 6-9% above the start rate. This I believe was an international effort as many of those loans were based on the LIBOR (London Interbank) rates. The LIBOR was right in step with the US central bank and participated fully in the rate increase frenzy of those years.
This, combined with the "Wall Street" excesses featured in the film created the perfect storm. Without the raising of rates, the foreclosure rates might have been much lower.
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Plunder: The Crime of our Time Review

From the filmmaker who made "In Debt We Trust" warning of the U.S. credit crisis and was labeled as a "doom and gloomer", Danny Schechter now presents "Plunder: The Crime of our Time", an investigative documentary that dissects the Wall Street fraud and financial crisis focusing on the housing market. This DVD is set for release on April 13th.

After opening with a short sequence about his previous work and an opportunity to gloat about his predictions, he jumps into the emphasis of making the financial crisis into a crime story and being able to prove the actual criminal enterprises that took place. Much of the material is very familiar by now from other documentaries, news stories, and books. It is brightened up with footage of cute songs people are writing about the crisis much in the style of humor that Michael Moore tries to instill in his documentaries. Some of the statements the director Danny Schechter makes about the crime scene and wanting to put up crime scene tape just as Moore did in "Capitalism: A Love Story." While Moore has lost much of his sense of humor and uses tactics he knows won't generate results just to get attention, Schechter focuses on the details and story and uses broad statements about what the future should bring and punishments inflicted upon the criminals.

There are some fantastic speeches of politicians absolutely wailing on each other about what committees had responsibilities to the American people and whose agendas are being forced down their throats to approve bailouts which are very dramatic and look great in this documentary and will help those people get re-elected. The flip side that the viewer can clearly see though is that it is easy to make speeches, but how many people listen?
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Not entirely thrilled with the content (too quick to let employees of some of these bankster firms off the hook). Would have liked more in-depth explanation of some of the economic terms (sub-prime, hedge-fund, etc), and more coverage of the villains.
Also, the production quality is not as professional as i like in a documentary. I would love to find better treatment of this "crime of our time." Still, not sorry i bought it.
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