Filmmaker Michael Covel on Broke: The New American Dream
HD Download"[Politicians and the Federal Reserve] rigged the market," says financial author and filmmaker Michael Covel. "They rigged the market through interest rate manipulation and we're still paying for it today." In his documentary, Broke: The New American Dream, Covel explores the roots of the financial crisis, which he traces back to Netscape going public in 1995.
Covel sat down with Reason.tv's Ted Balaker to discuss the role politicians, the Federal Reserve, Wall Street, and media figures like CNBC's Jim Cramer played in the financial meltdown. Topics include: why Covel is down on "buy and hold" as an investment strategy and the differences between state lotteries and poker.
Approximately 9.18 seconds.
Shot by Alex Manning, Hawk Jensen, and Paul Detrick. Edited by Detrick.
Scroll down for HD, iPod, and audio versions of this and all our videos, and subscribe to Reason.tv's YouTube channel to receive automatic notification when new content is posted.
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?