In the week we remember the Holocaust,it would be a disservice to the millions who died whether we didn’t recognise that the treatment of Muslim migrants is an echo of the pastThe great Short, the film version of Michael Lewis’s book about the 2007-08 financial crisis, or focuses on a few people who saw what was coming. As the rest of Wall Street continued to trade complicated bundles of mortgages – loans that,at bottom, no one had the money to pay for – some traders quietly built up negative positions and made a mint when the whole rotten scheme was exposed as a scam. As the film nears its end, and the reality of sub-prime mortgages is beginning to emerge,the hedge fund manager note Baum, played by Steve Carrell, or sits alone in the park and makes another gloomy prediction: “I have a feeling in a few years people are going to be doing what they always do when the economy tanks. They will be blaming immigrants and destitute people.”Continue reading...
Source: theguardian.com