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standard furniture heritage

this picture-- truly one ofthe most unusual ever filmed-- contains sceneswhich under no circumstances should be viewed by anyonewith a heart condition or anyonewho is easily upset. we urgently recommendthat if you are such a person, or the parent of a youngor impressionable childnow in attendance, that you and the childleave the auditorium. â™ª yeah â™ª â™ª louie louie â™ª

â™ª whoa, baby â™ª â™ª i gotta go now â™ª â™ª i really gotta go now â™ª â™ª the communist world is falling apart â™ª â™ª the capitalists are just breaking hearts â™ª â™ª money is the reason to be â™ª â™ª it makes me just wanna sing louie louie â™ª â™ª some say it will, some say it won't â™ª â™ª now you see it, now you don't â™ª

â™ª we spent all our money on a disaster movie â™ª â™ª it makes me wanna sing louie louie â™ª â™ª on a schedule, one at a time â™ª [man narrating] rome was the largest and the most beautiful city of the ancient world. the magnificent facade of the empire, however, could not conceal the seeds of decay, the unhealthy dependence of the economy on slaves, the disparity between rich and poor.

behind the splendor of the forum were vast areas of crowded slums. escape from the slums was difficult, for there were few jobs available and practically none for the unskilled. to keep idle citizens entertained and out of mischief, frequent games and spectacles were held at public expense. at first, only chariot races were sponsored.

but by the reign of trajan, brutal combat to the death had become popular. earlier in rome's history, elected representatives exercised the power. but by now, every function of government had been absorbed by the emperor, who was above the law and ruled by decree. that a people as civilized as the romans, with the most humane system of law ever devised,

would tolerate the violationof human beings is astonishing. this imbalance and the irresponsible behaviorof public officials would become major reasons for rome's eventual decline. [michael moore narrating] i wonder how future civilizations will view our society. will they judge us by this? â™ª he's a cat flushing the toilet â™ª

[meows] â™ª he's a catflushing the toilet â™ª â™ª he's a cat flushing the toilet â™ª or will they judge us by this? [man]do you see the sheriff's car? [man #2] yeah, right thereis the sheriff's--the first car. [woman]no. there he is. 3, 4, 5, 6...

[woman]seven. give me the phone. it's on the--it's on the couch. all right.that's as closeas i can get that. [whispering] don't staythere by the door. [knocking on door] get out. hey, sheriff. robert lew.i'm inside the house here. [knocking continues]

[banging on door] [woman]they're trying to beatthe back door in, dad. [banging continues] there are four of us in here. they're beating on the door.we're not gonna resist. but you will have to comein the house on your own. but there are four soulsin this house. [woman]don't standin front of the door. do not.

robert lew. another witness.tell your name to the camera. i'm david phillips. curtis conway. and audra. [david]and this is america. [woman]this is america, folks, what you're watchingright here. sheriff's office. [man]yeah, we know.

okay. you're gonnahave to come out, please. all right. [woman]we cannot act like this isjust something that's okay. and so this is new. they've never come outand boarded up a house after they evicted the person and threw their furniturein the dumpster. so they're letting us knowthat they are stepping it up. boarding up somebody's house!

this has been my family home.this is my parents' house.i've lived here for 41 years. it's the only homei ever really lived in. this will always be home to meno matter what. i'm a carpenter. [woman]there you go. there you go. that's all i am.that's all i am, you know? [people shouting] [man]let them leave.let them leave. [woman]well, people pay their bills,and they still get thrown out.

[carpenter]that's right. so whatdo you think i'm doing? i don't have tobe happy about this,but that's what i do. [woman] that's alli'm saying is that maybe youcan make another choice. that's all we're saying. that's no reason for-- you're a working-class person. for people here to get upsetand almost get themselves hurt. well, we ain't gonna get hurt.we're not gonna get hurt. are you threatening us?y'all gonna get on out of here.

you might end upeven getting hurt. talking about us getting hurt.you might get hurt. [man]there's gotta be some kindof a rebellion between the peoplethat have nothing and the peoplethat's got it all. i don't understand. there's no in-between no more. there's the peoplethat's got it all and the peoplethat have nothing.

we gotta getthe stuff out of the house and packed up and beout of here in about 30 days, even though we don'thave a place to go. ohh! [woman]we designed this house. the property that it's onwas my family farm. so i've lost a pieceof my heritage with this. why do you do thisto the hard-working people? why do you take everything?

you take everythingaway from them. we're just middle-class, hard-working peopletrying to make a living. yep. yep.[muttering] just trying to survive. oh, old brownie. [grunts]my pistol. my dad's pistol. my pistol.[sighs]

[man]sheriff's department. it's supposed tobe 30 days. i got 30 daysto get my stuff outis what the guy told me. no. what? it's apparentlyscheduled for today. but-- the paper's telling usthat we're due to do an evictionhere today at 9 a.m.

[scoffs]gee. well, he's surprised, too. the house is gone.that cop told me. this house has already been sold to somebody else, so we don't ownthe house no more. somebody else does. [michael moore narrating] this is capitalism, a system of taking and giving. mostly taking.

the only thing we didn't know was when the revolt would begin. everything.we've tried everythingexcept robbing a bank. i'm thinking aboutmaybe doing that. you know, that's one way somebody couldget their money back. they did it--they did it to me. i don't know whyi can't do it to them. [man]this is my secondhyundai sonata.

i'll probably geta new car next year, and when i do,it'll probablybe another sonata. you know,i'm not a car guy. if i can go in thereand steal a condo for the equivalentof what a mercedes would cost or a bentley would cost,i'm all about that. meet peter zalewski, florida's up-and-coming real estate whiz. there we go.

he calls his real estate company condo vultures. we have a very good sign because you havethe final notice of eviction. so you can see this personwas basically thrown out by the police department. welcome. peter deals exclusively with clients who buy up foreclosed homes and then resell them at a profit.

it's gonna be about830 square feet or so. [peter]at the end of the day,the only people who are buying are primarily individualsthat we represent. today it's on the marketfor $66,000. which are basicallybottom-feederswho are going in there. they have no compassion,no sensitivity. they're runningpurely off numbers.they're coming in all cash, and they're looking to slitany single seller's throat, regardless of whattheir situation is.

people always askwhat's 25 cents on the dollar? this is it.this is what you're gonna get. [chuckles] vulture basically representsa bottom-feeder that goes in thereand cleans off a carcass. because they're dealingwith so many different germsand different situations, they'll have the vomiton theirselves, and there's some cleansingprocess that occurs. the vulturesaren't actually killing.

they're the onesdoing the cleanup. which bank you want?bank of america? what we dois we tap into data, and boom, voilã . here we got 3,400 foreclosingby bank of america. gotta love it. as we collect data, it's giving us the insightinto the battlefield. almost like a droneflies over the battlegroundin afghanistan

or in pakistan or in iraq. the current ask priceis 355. again, it was purchasedfor 840. a little bit of a discount. our people are using the datato be able to go in and try to steal properties. legally and ethically,but take them atthe bare-bone bottom price. it's all about takingright now. look at the roof.completely gone and missing.

we haven't had a hurricanein five years. [laughing]welcome to the housing crash,miami style. so this is whatcapitalism is, and this is whythe information is so critical. we go in there,we alert them to it,and if they like it, you know,[imitating rifle cocking]boom. look at the window. oh, look at that. looks like the housenext door was on fire.

this isstraight-up capitalism. fire damage. i wonder if somebodywas living there,or if that was a squatter. everybody's got this desireto go in there and take advantageof others' misfortunes. if somebody asked me"what's the difference betweenyou and a real vulture?" i'd say, "it's very simple.i don't vomit on myself." our topic today--what is capitalism? capitalism?well, why should there beany question about it?

hasn't it given usthe highest standardof living in the world? we're free to tryto make a profit, to just get by, or to fail. well, that's whatcapitalism is-- a systemof free enterprise. well, now tell uswhat free enterprise means. i went to see my friend, wally shawn, a playwright and sometimes actor. inconceivable!

but wally also studied history and politics and even a little elementary economics. free enterprise is a form of wordsthat is intended to conjure up in your mind a little townwith different shops. and the guy who runsthe best shop has the most customers. [woman on tv] there's the basis of the capitalistic system--

the profit motive. he's in business to make money. [bell dings] [wallace shawn]the original theoryof capitalism is that it'sa very clever way of society voting on what goodsit wants made. that's, uh--what do you use this for? that's-- i could use thatfor practically everythingi ever do.

you know, society votes. they like the waythis guy makes ice cream, but the other guy-- they don't likehis ice cream that much, and they don't buy it, so it, uh, fades out. it's on me.oh, these are good. [shawn]the basic law of lifeis that if you have things,

you can easilyget more things. very quickly, one guy can have five times morethan anybody else. free enterprise. competition. [woman] the profit motive. [moore] my dad, an assembly-line worker at general motors, bought and paid for our house before i graduated from kindergarten.

we had a new car every three years. we went to new york every other summer. that's me on wall street. and that's me directing my first movie at the world's fair. we went to catholic schools. we lived a good life. if this was capitalism, i loved it, and so did everyone else. during these years,

a lot of people got rich, and they had to pay a top tax rate of 90%. 90%? yep. but they still got to live like bogie and bacall. and what did we do with all their money? we built dams, bridges, interstate highways, schools, hospitals. we even sent a guy to the moon.

things seemed to be going in the right direction. dad had a secure job, and mom could work if she wanted but didn't have to. middle-class families only needed one income to survive. our union family had free health care and free dental. the kids could go to college without getting a loan from a bank.

dad had four weeks paid vacation every summer. most people had a savings account and little debt. and dad's pension was set asidewhere no one could touch it. it would be there for him when he retired. we got all of this because our main industrial competition had been reduced to rubble. here's what the german car industry looked like. and here's the japanese auto industry.

i guess you could say it's easy to be number 1 when you have no competition. yes, of course, not everything was perfect. we didn't mind having to put upwith a little bit of this and a little bit of that... just as long as we could be middle class. and we could count on our kids having it better than we had it. it sounded like a good deal to us. capitalism.

no one ever had it so good. and then, right when we were in the middle of this big love affair with capitalism... [announcer] the abc sunday night movie,the gambler, will continue in its entirety following this live report from abc news. we are ata turning pointin our history. [moore] along came debbie downer. too many of us now

tend to worshipself-indulgence and consumption. human identityis no longer defined by what one does but by what one owns. this is not a messageof happiness or reassurance, but it is the truth,and it is a warning. wow. what a bummer. it was time to bring a new sheriff to town.

[whinnies] one who knew how to act like a president. he knew how to handle workers who wanted a better wage. [gunshot] all right, mister.i guess you win. or these annoying feminists whining about their equal rights amendment. well, i can change thatin a hurry. a man who knew how to get the job done.

ronald reagan came out of the b movies to become the most famous corporate spokesman of the 1950s. this is a transistor radio, too.it weighs only a few ounces. you can slip itright into your pocket. boraxo waterless hand cleanerreally cleans up for us. he had found his calling, and wall street had found their man. you see, the banks and corporations had a simple plan--

to remake america to serve them. but to pull it offwould require electing a spokesmodelfor president, and on november 4th, 1980, that's what we did. that i will faithfully executethe office of presidentof the united states. [cheering] [crowd chanting]ronnie! ronnie! thank you.

ronnie! ronnie! it was an historic moment, because now corporate america and wall street were in almost complete control. see that guy standing next to the president? you know, the one that looks like a butler. his name was don regan, the chairman of merrill lynch, the richest and biggest retail brokerage firm

in the world. he took the key position of treasury secretary so he could enact the tax cutsthat the rich wanted. regan then became white house chief of staff as the president started to fade. then they shouldgive the presidentwhat 43 governors have-- a line-item veto. and, uh... [applause]

you're gonna have tospeed it up. oh. who tells the president to speed it up? the man from merrill lynch, that's who. things in america would never be the same again. the country would now be run like a corporation. we're going to turnthe bull loose. and four years later, when reagan ran for re-election,

it was all smiley faces and happy talk. i really feelthat we're gonna bebetter off in the long run. we're on the upward swing, and the factories are workingmuch stronger than before. we're back on top. actually, what reagan presided over was the wholesale dismantling of our industrial infrastructure. this was not done to save moneyor remain competitive,

as companies back then were already posting record earnings in the billions. no, it was done for short-term profits and to destroy the unions. millions of people were thrown out of work, and the remaining workers were told to work twice as hard. but wages for working people remained frozen. the richest americans had their top income tax rate

cut in half. instead of being paid a decent wage, we were encouraged to live on borrowed money until our household debt was nearly 100% of the gdp. there was an explosion of personal bankruptcies. we found it necessary to lock up millions of our citizens. sales of antidepressants skyrocketed as insurance and pharmaceutical company greed

pushed the cost of health care up and up. all of this was great news for the stock market and for america's ceos. half of flint was now receiving some form of government welfare. meanwhile, roger-- during the end of the reagan years, i made my first movie about what had happened to the country, and specifically to my hometown of flint, michigan, the birthplace of general motors.

gm was posting profits of over $4 billion while at the same time, eliminating tens of thousands of jobs. i went to see gm's chief lobbyist in flint, mr. tom kaye, to ask him why this was happening. general motors wouldn't bedoing anybody any serviceif it goes bankrupt. it has to do what it has to do in order to stay competitivein today's economic climate. [moore]even if that meanseliminating 18,000 jobs?

even if it meanseliminating 20,000 jobs. or 30,000? whatever. how about all the jobshere in flint? it could feasibly happen. and it did. nearly all the jobs were eliminated, and gm went bankrupt. perhaps more distressing

was the fact that the rest of america was now starting to resemble flint, michigan. but there were some cities that still took pride in their greatness. â™ª cleveland â™ª â™ª come on down to cleveland town, everyone â™ª â™ª come and look at both of our buildings â™ª â™ª here's the place where there used to be industry â™ª â™ª this train is carrying jobs out of cleveland â™ª

â™ª see the sun almost three times a year â™ª â™ª this guy has at least two duis â™ª â™ª our economy's based on lebron james â™ª â™ª buy a house for the price of a vcr â™ª â™ª our main export is crippling depression â™ª â™ª we're so retarded that we think this is art â™ª â™ª it could be worse, though, at least... â™ª no, they're not detroit. for 20 years, i tried to warn gm and others

that this day was coming, but to no avail. maybe now they'd listen. so i went down to the headquarters at general motors one last time to share some of my ideas. if you don't have permission,you can't film here. huh? if you don't have permissionfrom general motors,you can't film here. i'm just going upto see the chairman. no, sir. no, sir.

you know, i've been doing thisfor, like, 20 years, i understand, sir. and i have not been let intothis building for 20 years, yep. and i think it's about timesomeone just let me in and let me talk to them. i've gotsome good ideas. 4-7 to 7-6 bravo,area alpha. [man] go ahead.

it's michael moore hereto see the chairman. repeat that. it's the filmmakermr. michael moore, and he's hereto see the chairman. gentlemen. yes? you need to getprior permission.you cannot film here, okay? but if i can't go inand get permission,what am i supposed to do? i guess they're right. breaking up is hard to do.

stop that. don't do that.just go in the building.come on. for 35 years, gm made more money than any other corporation. but eventually, germany and japan rebuilt their car industry and produced vehicles that were safer than ours, more fuel efficient, and rarely, if ever, broke down. in germany, unions help hire and fire the board of directors, so the workers have a say in what's going on. but it wouldn't be long

before these other countries and their politicians would, in their own way, try to mimic america. so where exactlyare we right now? on the day that general motorsdeclared chapter 11 bankruptcy, i went with my dad to visit the ac spark plug plant where he'd worked for over 30 years. so you worked, actually,right here. you'd have to go-- they had a rampthat took you up over that.

right. just beyond that, uh... just beyond that space there. yeah. and the factorywas all over there. [dad]yeah, the whole complexwas, like, 2 miles long. i remember mom bringingus kids in to pick you upat 2:30 every day. uh-huh. we'd go walk out of there.

right over in there,in fact. mm-hmm. and we'd be waitingin the car for you. we'd see youcome down the ramp. oh, yeah. yeah. we got real excitedevery time we saw you. yeah. i was there33 and a half-- 33 and a half years. what's your best memory here?being here? working here?

the best memory?i think the people. they were a reallygood bunch. you liked the crowdyou worked with. mm-hmm.a good place to work. we enjoyed it. but i'm sorryto see it go. shortly before christmas 2008, republic windows & doors in chicago, illinois, abruptly fired its entire unionized workforce

of over 250 people. they were given only three days' notice. bank of america would no longer provide a line of credit to the company, and so the workers were not paid the money owed to them. [man]my life revolvesaround this job. i live accordingto my obligation to my job, you know?

and it's not just me. it's all ofthe workers here. we go above and beyond the call of dutyfor republic. and at the end, republiccares nothing for us. [man]we found out that they weregonna shut the plant on tuesday. we don't understand whatthey're doing to us, you know? it really hurts because,

like i said,this is my second family. so it really hurt.it really hurt. i'm gonna miss all of them. you know?i'm gonna miss them. and i don't think anybody from this planet deserve what they'vebeen doing to us. scenes like this were being repeated all over the country,

and no one seemed to mind. â™ª zambesi, zambesi â™ª â™ª zambesi, zam â™ª whoo! the president was enjoying his final year in office. but as the economy started to fall apart, he decided it was time to roll out the c word. capitalism is the best systemever devised. better than christianity?

these voices from the left and right are equatingthe free enterprise system with greed and exploitationand failure. hmm? greed? exploitation? failure? go on. i'm listening. capitalism offers peoplethe freedom to choose where they work,what they do. [man] pat andrews has been looking for work.

every morning, she scans the classifieds in vain. there isn't anythingin here. i'm not gonna bea gentlemen's clubhired dancer, either. the opportunity to buy or sell products they want. [man]tom renden has avoided layoffsat his sign company in stockton, california,all because this one word now makes up forhalf his business. if you seek social justiceand human dignity,

the free market systemis the way to go. [moore] and for those seeking justice in pennsylvania, free enterprise was definitely the way to go. wilkes-barre, pennsylvania has one of the highest rates in the state of young people locked up in the juvenile home. perhaps it's because the good people here employ the practices of capitalism in dealing with their wayward youth.

the county hired a private profit-making corporation with a sweet-sounding name-- pa child care. it was owned and run by two businessmen-- one of whom was robert powell, an attorney and entrepreneur. his good friend judge conahan closed down the public juvenile home and then got pa child care to build

an $8 million privately owned facility and charge it back to the county for a mere $58 million lease. [no audible dialogue] let's meet some of wilkes-barre's juvenile delinquents. mcgee smoked pot at a high school party. i was very rebelliouswhen i was this age. matt-- he got into an argument at the dinner table. i threw a piece of meat--as in steak,

cooked dinner--at my mother's boyfriend. jamie got in a fight at a shopping mall with her best friend. i just figured, you know, we just weren't gonnabe friends anymore. and hillary made a myspace page making fun of her assistant principal for being strict and having no sense of humor. and it said some pretty silly,like, 14-year-old girl stuff.

her assistant principal called the police. they all appeared before kindly judge mark ciavarella. these kids were about to get their first lesson in american capitalism-- time is money, lots of money. i went in front of the court,in front of mr. ciavarella, and i wasn't even in frontof him for four minutes. i was only in front of himfor, like, two minutes. [hillary]the first thing thatjudge ciavarella said to me

was "what makes you thinkyou can do this kind of crap?" i'm sure he knew in his mindwhen i walked in that he was lockingthis kid up no matter what. he didn't even look at me. once i entered the courtroom, i didn't have any chance. there was about six kidswho went in front of me. every single kid who wentin front of ciavarella-- for all different reasons,some minor,

some serious--got sent away. although wilkes-barre is located in the united states of america, here, capitalism trumped democracy. robert powell, one of the owners of pa child care, cut a business deal with judge conahan and judge ciavarella. judge ciavarella then stepped up his conviction rates. many of these kids were funneled into pa child care's

for-profit juvenile facility. and for their troubles, the judges received over $2.6 million, while the owners of pa child care received tens of millions of taxpayer dollars from the county. and where did powell go to enjoy all that money? on his private plane and his yacht, the reel justice.

6,500 children were unjustly convicted. it was good business while it lasted. [man] two luzerne county judges in big trouble with the law. they're going to jail. some kids were locked up even when probation officers objected to detention. in there,you lose track of time, you lose trackof the date. i was barely keeping track.

it was supposed to be,like-- i believe it was,like, two months. and it wentfrom two monthsto nine months. he said originallythree to six months, but somehow i ended up being there11 and a half months. and i never went backin front of the judge at all for himto give me extensions. [moore] not only did pa child care pay off the judges

to fill their cells, but their employees were the ones who got to decide when a child had enough rehabilitation. but that makes sense, because any time a governmental unit turns over to a profit-making corporation the duties it should be performing, what do you expect to happen? [matt]it makes me feel like an item

that they just usedto just get money and then toss me aside. i'm just trying to...work on my flying and just trying to preparefor my future, so i can put thisall behind me and finally be donewith all this. during the whole trial,i wasn't in control at all. but with flying,it's only me. it's just i get to doeverything by myself.

i'm the only onein control. matt loves to fly and hopes to become a pilot someday. if he does, he'll get his second lesson in capitalism-- that in america, sometimes you're better off working at mickey d's. remember sully-- captain sullenberger-- who safely landed an airbus on the hudson river, saving the lives of 150 passengers?

[man]a true american hero. he met the mayor, he went to the state of the union. heck, he even went to the super bowl. and then he went to congress. flying has beenmy lifelong passion. but while i love my profession, i do not likewhat has happened to it. it is my personal experiencethat my decision

to remainin the profession i love has come ata great financial cost to me and to my family. my pay has been cut 40%. my pension,like most airline pensions, has been terminated. so please do not thinki exaggerate when i say thati do not know a singleprofessional airline pilot who wants his or her childrento follow in their footsteps.

whoa, you cleared the room with that one, sully. i don't think the congressmen wanted to hear that stuff. they like you as a hero. the current experience-- â™ªâ™ª ["stars and stripes forever"] [music drowns out speech] [moore]what was your starting payas a pilot? i made $19,000the first year. i was bumped upto about 22,000

or 23,000 the second year. last year, gross pay,i made $17,600. there's a joke in the airline,when we get our wings pinned on usas new-hire airline pilots, that the companyjust kind of says "hey, don't apply for food stampsin your uniform." i don't know about you, but i want the pilot who's got me 30,000 feet up in the air to be paid really well

and not sitting up in the cockpit digging through the pilot's seat looking for loose change. there was a periodof about four months where i was on food stamps. you were on food stamps? yes. and you were stillflying the plane? with my food stamp card.

the lady i talked toin the food stamp office-- when i told her i was a pilot,she didn't bat an eye, but i knewshe didn't believe me. how have you gotten by?how have you been ableto afford things? rely on credit cardsto buy the groceries at times when i wasn't on food stamps. oh, really? i have about $10,000in credit card debt. just on the necessities.

not on the big-screen tvand the stereo.just necessities. right. yeah. you're using it to buyyour groceries and get by. right. yes. do you have anystudent loan debt? how much? mine's about 80,000. i took out $100,000. student loans?

and by the time i pay it backat this rate, it'll probably cost mewell over half a million with interest and feesand penalties. it's something thati don't like to spenda lot of time thinking about because it's abysmal. it's one way thati get down really quickly about my chosen career field is to thinkabout how much i owe and how little i make.

have you had to worka second job to make ends meet? i walk dogs on the side. i distribute monavie juice. i have known pilotsto donate plasmafor extra cash. you mean they give blood? well, they-- so they can make extra money,even though they're flyingan airplane? yeah.they donate their plasma. so they get the blood back.

but you can get paidfor plasma. oh, i see. they suckthe blood out of you,take the plasma-- give you the blood back. give you the blood-- oh, well,then, not such a bad deal. the only reasonpeople stay flyingis because they love it, and managementstake advantage of that. the airlineshave managed to farm outa lot of the flying to commuters

in an effort to basicallybust the unions. you can't compete to a lower and lower levelevery year without skimpingon safety somehow. at approximately 10:15 p.m. on february 12, 2009, continental connection flight 3407 began its descent to the airport in buffalo. [man on radio] airline to some ground communication.

either state police or sheriff's department. we need to find if anything is on the ground. this aircraft was 5 miles out. all of a sudden, we have no response from that aircraft. [man #2] all i can tell you is that an aircraft over the marker, and we're not talking to them now. no one survived the crash, and 50 people lost their lives. the media focused on the actions of the pilots.

[newsman] captain marvin renslow and first officer shaw were chatting about their careers. [moore] "careers" is a euphemism for what the pilots were really talking about-- how little they were paid and how overworked they were. there would be no discussion in the media about why we have an economic system that allows a pilot to be paid less than a manager at taco bell.

[man on tv] first officer shaw made between $16,000 and $20,000 a year, and at one point, worked a second job. [moore] her second job had been waitressing at a coffee shop. how are these companies able to get away with this? i guess that's the point of capitalism. it allows you to get away with anything, like making a profit off the death of an employee. [chuckling]

sweetie, it's not gonna open.let's try it with this. this is irma johnson. irma's husband dan worked in middle management at amegy bank in houston, texas. dan recently died of cancer, leaving behind irma and their two sons. but unbeknownst to irma, amegy had taken out a secret life insurance policy on dan's life.

the bank generously named itself as the beneficiary in the event of dan's death. the insurance company then accidentally informed irma that amegy bank had received a check for $1 1/2 million just weeks after dan died. thank you for helping. [irma]they never told me.i wanted to find out, like, well, why did theypurchase a policy for him?

[moore]you mean you didn'tknow about it? and they named themselvesas the beneficiary? so your husband's deathmade them a millionand a half dollars richer. i know it's not rightfor them to try to profitfrom my husband's death. when i first realizedwhat was happening, i was in disbelief. it's hurtful.

i'm so sorry. um... it's hurtful,and i wanted answers. irma contacted michael d. myers, a local attorney who had already been looking into these kind of corporate insurance policies on their employees. [myers]with the normal useof life insurance, we are guarding againstthe loss of a loved one or a breadwinnerof the family.

you don't wantthat person to die. with these policies, the companies that buy thesewant the employees to die in accordance withthe policy projections. you are more valuable deadto a company than alive. american greetings, rr donnelley and sons,and proctor and gamble are all having problemswith mortality. these four combined programs

are runningat 50% of expected mortality. "these clients are acutelyaware of this problem." basically, here,the broker is complaining that not enough employeesare dying, and thereforethe investment returns are not matchingthe projections. the broker writes that nccis running at 78% of expected mortality. okay, so 78% of the peoplewe expected to die died,

but the problem with that isthree of them were suicides, and you can't counton that every year. [moore] can you thinkof any other situation where you'd actually wantpeople to die? um, combatants in war,i guess. wow. when do you wantpeople to die? i don't know. war situations,terrorism situations... drug trials perhaps.

i don't know. i don't know.that's an odd question. i didn't understand how any of this could be legal. after all, there's a reason that there's a law prohibiting me from taking out a fire insurance policy on your house-- because i have a vested interest in your house burning down. since attorney myers had been researching this for years, i asked him which companies

were profiting from these insurance policies. i don't know.you don't know becausethere's no place you can go and find out whetheryour company is a purchaserof these types of products. which ones do you know? the ones that we knowthat have slipped out are... ameritech, america express-- this is blue chipyou're talking about. these aren'tfly-by-night companies trying to do a scam hereso they can collect a check

if one of their employeesdies. there are probablyseveral million americans who are coveredby one of these policiesor have been at some point. there's a lot of itout there. this is paul smith. he used to be what is known as a loyal employee. [smith]i worked for wal-martfor 18 years, and i gave them 110%. i mean, i loved that company,and as it turned out,

wal-mart took out over 350,000life-insurance policies on rank-and-file associates. these weren't executives. these were people like my wife,a cake decorator for 18 months. that's the type of peoplethey were taking insurancepolicies out on. paul's wife ladonna left her job at the wal-mart bakery so she could be a stay-at-home mom for her two kids. [smith]yeah, she had asthmareal, real, bad.

she went intothe emergency room one night, and a nurse comes outand says, "are you mr. smith?"and i said, "yes," and she said, "we don't thinkyour wife's going to make it." ladonna slipped into a coma from which she would never awaken. her family rushed to the hospital, even though there was nothing they could do to help. there's a wall here, and ladonna's in the roomon the other sideof the wall,

and jessica kept saying,"where is she?" and i said, "she's righton the other sideof that wall," and jessica said,"can we cut a hole in the wallso that we can see her?" and that just sticks with me. do you remember that? we had stayed in there with her,and we'd write letters to her. "my dear wife,i miss you more than anywords can possibly say. "you are my life.you always see beautyin the simplest things. "i've alwaysadmired you for that.

"i wish i could havetold you that more. "i want you to comeback to me soon. "i still have a lot leftto learn from you, baby doll. your loving husband, paul." you okay, wesley? she was 26 years old. the younger a person is,the higher the benefit is because they are expectedto live longer. women are also expectedto live longer than men,

so the most valuable employeeto the company, if they're dead,is a young woman. ladonna's death earned one of the richest corporations in the world an extra $81,000. i was faced with over $100,000worth of medical bills and a $6,000 funeral, and wal-mart didn't offera penny to help with that. i did trust them,and never in a million years would i have ever thought

that somewhereon a profit statement,"dead associate, $81,000." wal-martdoesn't care about you. when someone passes away, they shouldn't get somethingout of it. [myers]the common denominatorto each form of coverage is that whenthe employee dies, the employer gets paidthe insurance benefits. they're often referred toas "dead-peasant" insurance. [moore]"dead peasants"?

why do they usesuch a creepy name? [myers]it is very creepy. i don't knowwhat it means, either. "dead" is clear.that's the worker who's passedaway, so they're dead. "peasant--" i don't knowwhy they chose that word. i don't know if it hassome historical significance, or that's just the waythey view the relative valueof the employee's lives. "dead peasants"? [moore]yeah, amongst themselves,that's what they call it.

it's insulting to referto my husband like that. [sniffles] it turned out that amegy bank had a second dead peasant policy on dan, bringing their total take to nearly $5 million. is capitalism a sin? yes, capitalism for meand for many of us at this present momentis an evil. it's contraryto all that's good.

it's contraryto the common good. it's contrary to compassion. it's contrary to allof the major religions. capitalism is preciselywhat the holy books, our holy books in particular,remind us is unjust, and in some form and fashion, god will come downand eradicate somehow. this was father dick preston, the priest from flint who married my wife and me.

capitalism is wrong and thereforehas to be eliminated. eliminated? that might be a little harsh, so i decided to go and talk to the priest that married my sister and brother-in-law. i'm sure he would have a more balanced approach when it came to capitalism. it is immoral. it is obscene.it is outrageous. it is really radical evil.it's radically evil.

wow, does their boss knowthat they're talkinglike this? i thought it best to goand check this outwith the bishop. [bishop] the systemdoesn't seem to be providing for the well-beingof all the people, and that's what makes it,almost in its very nature, something contraryto the jesus who said, "blessed are the poor.woe to the rich." that's rightout of st. luke's gospel. [moore]how have we put upwith this system for so long?

the system has built into itwhat we call propaganda. i'm in awe of propaganda, the ability to convince people who are victimizedby the very system to support the systemand see it as a good. we know that american capitalism is morally right because its chief elements-- private ownership, the profit motive, and the competitive market--

are wholesome and good. â™ªâ™ª [theme to vertigo] they are compatible with god's laws and the teachings of the bible. [moore] for as longas i can remember, i've been toldthat competition and profitare good things. [man on film] they are compatible with god's laws [moore]and if increasing profitsmeans locking up a few kids or cashing inon the death of an employee--

[man on film] ...compatible with god's laws [moore]...it is morally right to providefor the stockholders. debt, eviction,and exploitation. god's laws and the teachings of the bible. what were we really pledgingour allegiance to? the profit motive. so all good americanscame to act as if they believed ourcapitalist economic system

was compatiblewith the teachings of the bible. when i was a kid, i wanted to be a priest. it wasn't because of the fancy getups or the knights of columbus escorts or even the groovy nuns who were so good to me. it was because of the priests who went on the march from selma or tried to stop the war or devoted their lives to the poor.

they told me quite clearly what jesus said, that the first shall be last and the last shall be first, that the rich man will have a very hard time getting into heaven, that we will be judged by how we treat the least among us, and that there are no people more important to god than the poor. since that time it seems that jesus got hijacked by a lot of people who believe that the son of god was sent here to create heaven on earth for the well-to-do.

i must've missed that part of the bible where jesus became a capitalist. please tell me, master, what must i doto have eternal life? [overdubbed] go forthand maximize profits. you say the kingdom of heavenis at hand, but when exactly will it come? when you deregulatethe banking industry. [clamoring]

help me.i've been this wayfor 20 years. i'm sorry. i cannot healyour pre-existing condition. he'll have to payout of pocket. somehow i don't think jesus came to earth so he could ring the bell at the new york stock exchange, and yet from the very beginning the rich have claimed him for their own. when i'm on wall streetand i realize

that that'sthe very nerve centerof american capitalism and i realizewhat capitalism has done for working peoplein america, for methat's a holy place. let me add to it. over the whole duration of the iraq warand the terror war, you look at the world'sstock markets and you lookat the world economy,

and despitethese horrible pockets of unrestand killing and murderingthat we've been describing, it's never been better. the global economyhas never been better, and the global stock marketshave never been better. jimmy, it is eithera god-given miracle or has something to dowith the victories of the spreading worldof capitalism, or both. [moore]they think wall street'sa holy place.

what do you think jesuswould think of capitalism? i think he would simplyrefuse to be part of it. jesus would refuse to be part of it, but he probably had a special place up there for whoever leaked a secret citibank memo about their plan to rule the world. back in 2005 and '6 citigroup wrote three confidential memos to their wealthiest investors about how things were going.

they reached the conclusion that the united states was no longer really a democracy, but it had become a plutonomy, a society controlled exclusively by and for the benefit of the top 1% of the population who now had more financial wealth than the bottom 95% combined. the memo gloated about the glowing gap between rich and poor

and how they were now the new aristocracy and that there was no end in sight for the gravy train they were on. there was, though, one problem. according to citigroup, the most potent and short-term threat would be society's demanding a more equitable share of the wealth. in other words, the peasants might revolt.

citigroup lamented that the non-rich might not have much economic power, but they do have equal voting power with the rich-- one person, one vote, and that's what really scares them, that we can still vote. in fact, we have 99% of the votes, and they only have 1%. so why do the 99% put up with this?

it's because the majority of the electorate believe that someday they will have a chance of becoming well-to-do themselves if they just keep trying hard enough. the wealthy were pleased that so many people had bought into the american dream while they, the rich, had no intention of ever sharing it with anyone. i think capitalismis a lot more importantthan democracy.

i'm not even a big believerin democracy. i always say that democracycan be two wolves and a sheep deciding on what they havefor dinner. this is stephen moore-- no relation-- a columnist and an editorial board member of the wall street journal, the daily bible of corporate america. look, i'm in favor of peoplehaving the right to voteand things like that, but, you know,there are a lot of countriesthat have the right to vote that are still poor.

democracy doesn't alwayslead to a good economy or evena good political system. with capitalism,you are free to dowhat you want, to make whatever you wantout of yourself. it doesn't meanyou're going to succeed. remember,the u. s. constitutiondoes not guarantee happiness. ah, the constitution. all my life, i've heard that america is a capitalist country,

so i went to see the original constitution and check out if it was true. i'm trying to seewhere it sets upour economic system, like where it says we havea capitalist economy. [muttering] there was no mention of free market or free enterprise or capitalism anywhere. in fact all i saw was "we the people," something about "a more perfect union,"

and promoting "the general welfare." welfare? union? we? that sounded like that other "ism," but no, that's democracy, and i began to wonder what would it be like if the workplace was a democracy?

there's always beena big separation between howthe country is run and how businessesare supposed to run. it's true. there seems to be a disconnect between our professed love of democracy and how we're so willing to accept a dictatorship every day we show up to work. it's not that way

at isthmus engineering in wisconsin. they design and build robotic machines for industry. it's a $15 million-a-year business. [man]all of the workers arethe owners of the business. and he's not talking about some bullshit stock option. he means they're the true owners. [man] and it'sa democratically runoperation where every memberhas one voteand an equal say. all in favor?

[man]it takes the moneyout of the equation. by taking the money out of the equation so that they can call the shots, they end up making more money. cool, huh? and how patriotic that they want to extend their love of american democracy to their job. just imagine if the place where you worked was run by you and your fellow workers.

you probably wouldn't lay off your coworkers to increase the value of your stock, would you? or give yourself a pay raise while making your coworkers take a pay cut. we don't reallydo that here. you don't even--you really can't because everyone elsewould be looking at you, saying "why is this guyso frickin' greedy?" i mean, it would betoo obvious.

the bottom line isyou got plenty of people who roll up their sleevesevery day, go to work, but if there's someoneway up there on the chain that collectsall the extra money,that's not fair. [moore chuckles] fairness in the workplace-- what a novel idea. out in california, there's a bread factory where workers bake thousands of loaves of bread every day. [man]the more hours your work

towards the benefitof the co-op, the more you sharein the profits. the workers are happy here,no big i's, little you's. everyone's the same. me as a ceo,i get the same sharethat anybody else does, and that has proven to bevery lucrative for usas workers. assembly line workers here earn over $65,000 a year, more than three times the pay for a starting pilot at american eagle.

i'm just hopingthat people take notice of this typeof organizational activity and start considering itas an alternative. why do you want to get rich? how many carsdo you really need in life? clearly he's not a car guy, but that's okay. his bread factory and hundreds of other worker-owned businesses are proof that people aren't always motivated by profit.

[newsreel narrator] an historic victory over a dread disease. [moore] instead of using his genius to make a ton of money, dr. jonas salk spent all of his time putting monkey kidneys in a blender, trying to find a cure for polio, and when he did, he decided to give it away for free. this man could've been rich many times over, had he sold his vaccine to a pharmaceutical company,

but he thought his talents should be used for the greater good, and the decent salary he made as a doctor and a research professor was enough for him to live a comfortable life. who owns the patenton this vaccine? well, the people, i would say. there is no patent.could you patent the sun? yes, we've come a long ways since the days of dr. salk, because today our best minds are used for something else. where do we send

our topmath and science people? into finance. they don't gointo science in america. they go to wall street. today's students, unlike in dr. salk's time, can graduate from college with a student loan debt of up to $100,000 or more. these students are then beholden to the banks for the next 20 years,

and the best way for them to pay off these banks is to go to work for them instead of working for the common good. [professor black]we've taken people that could beenormously productive, just what we're short ofin america, and we take them,and we put them in an activity that isn'tsimply less productive but where they'reactually destructive,

where they actually,every day they work, they make the world worse. so what exactly were the top students from harvard and other schools working on these days? [all]derivatives. credit default swaps. i can't makeany sense out of this. i might as well quit. that's exactly how i felt

when i started hearing these new terms, so i went down to the new york stock exchange to get some answers. sir, can you explainderivatives to me? can anybodyexplain derivatives,credit default swaps? could somebody explainto me what these are? sir, can you tell me whata credit default swap is? i can't, sir. can you explaina derivative to me?

can you tell mewhat a derivative is? nobody will talk to me. i'm just a blue-collar guy. i can see that.i can see that, yeah. hey. good, how you doing? good. lookingfor some advice. yeah, good. you guys got any advicefor me here?

no-- [laughs] derivative?credit default swap? [sigh] i did find one guy on wall street who wasn't a film critic. marcus haupt is an ivy league-educated engineer who was a vice president of lehman brothers and spent 15 years on wall street creating what they call

complex financial instruments. what is a derivative? a derivative is really-- it's a secondary beton the underlying product, so you might have a stockand then you have an optionon that stock, and an option on a stockallows you the privilege but not the obligationto buy or sell. how should we put this?you are allowedto make a decision of whether or notyou want to ultimatelytake that exposure.

here it is explainedanother way. so the derivative's price is based on the priceof something else, so it's kind of likea second-degree equation. if you think of,let's say, um-- um-- maybe i should go back.let me start this over again. let's go back here. i was lost. maybe there's someone at harvard university

who could explain it to me. yeah-- the-- the, uh--the-- the, uh-- the buyer-- so the seller holds the loan,and it might default, and they sell off-- uh, uh-- somebody else-- uh--- sorry, let me just back up.i-- i apologize. these are pretty exotic. derivatives are nothing more than complicated betting schemes.

here's what the math equation of one looks like. can't figure it out? that's okay. you're not supposed to. they've made them purposely confusing so they can get away with murder. let's say you're a lawyer,and you're coming in and you're from the governmentand you're trying to evaluate if these things violatethe tax code or not. if you can figure outwhat they're doing,

most likelythat wall street firmwill offer you a job. could i go to wall streetand just ask them to set up a derivativeon anything? yes. believe me,if it's out there,there's a derivative on it. so this is what wall street has come to-- an insane casino. we've allowed them to bet on anything, including our family home. [man] the most powerful centralbanker of the 20th century.

[man #2]greenspan has becomean economic icon. [man #3] alan greenspan saysthe economy is hunky-dory [man #4]greenspan gone wild.it's like girls gone wild. what do mick jaggerand alan greenspanhave in common? alan greenspan, whoat that moment in time was surely thought to bethe smartest man who had walkedthe face of the earth, he starts using a phrase,"tap your home equity," that americans can taptheir home equity,

which is justalan-greenspan-speak for borrowagainst your home, and if you can't repay it,you'll lose your house. it actually started by talkingmostly older americans, people who already had homes, into refinancing their homesto get them out of houses. yes, get senior citizens out of their houses. the scam to swindle people out of the homes they already owned

was masterful. here's how it worked. first, tell these homeowners that they own a bank and that bank is your home, so if your home is worth $250,000, that makes you a quarter-millionaire. you're sitting on a gold mine. you own your own bank-- the bank of you, and you can use your bank to get more money.

just refinance. everyone's doing it. of course, hidden in the dozens of pages of fine print are tricky clauses that allow the bank to raise your interest rate to a number you didn't know about, perhaps so high that you won'tbe able to repay your loan. but that's okay. if you can't repay it, we'll just take your house. of course before they could take your house, they needed to changethe regulations and the rules.

[moore]what's this photoi found here? it was in an annualreport of the fdic. john gilleran,the head of the officeof thrift supervision, which is supposed to regulatesavings and loans-- he's the guywith the chainsaw-- and the four othergrinning idiots in the photo are the three leadinglobbyists in banking and the deputy director of the federal depositinsurance corporation--

and they're poisedover a pile of regulations. and this is supposed todemonstrate their intention to destroy regulation, and they succeeded, and now we know what happens when you destroyfinancial regulation. you producea financial catastrophe. a growing familywith a lot of debt, a young couplewith no down payment,

a business owner whose incomewas hard to document. every one of themwas turned downfor a home loan by three different lenders. i'm with countrywide,and i got them all approved. don't be fooled by the pleasant demeanor and blonde hair. it's the same pitch the mafia gives you in the neighborhood. [imitating marlon brando] i know how you feel.

you got a lot of debt. you don't have any money for the down payment. you can't find your documents. it's okay. i'll make you a loan you can't refuse. it's called subprime. you pay no interest now you pay a little more later. oh, don't worry about later. we'll take care of you.

[normal voice] and like the mafia, countrywide, citibank, wells fargo, chase, they would some day stop by to collect and take your home. [man]i was paying 1,700 a monthand making it. then it went to 2,000.then it went to 2,300. then it went to 2,700. can't do it.

these are the hackers of peoria, illinois. randy is a railroad worker, and donna works for retirement homes. their farm, which had been in the family for over four decades, had been foreclosed on by citibank. randy had had an accident on the job years ago and was now on disability. they absolutely just plainfucking stole everything, my whole life savingsand everything,

by a stroke of a penand a lawyer and a judge. the hackers showed me the foreclosure notice from citibank. what caught my eye was the town from which their mortgage came. it turns out that a company owned by the big banks has chosen to run 60 million mortgages through, of all places, one of the most desperate towns in the united states. this company hires the people of flint

to send out nearly 60% of all the foreclosure notices in the country. in what seems to be some sort of cruel joke, my hometown was now in the service of helping to turn the rest of america into flint. typically, when a bank forces a family like the hackers out of their home, they hire professionals to come and clean up the place.

in this case, the bank figured, "why pay top dollar "when we've got a desperate family who will work cheap?" in a final humiliation, the hackers went to work for the bank that took their home. [woman] propertyis to be turned over in broom-clean condition with all trash, debris,and personal property removed.

upon delivery of the keys, the p.a.s. representative will hand you a checkfor $1,000. [randy hacker]a thousand bucks to get out of my own houseand stuff. i really want to thank them. that was really something,you know. my wife worked for a weekto clean that house up and make sure it waspresentable to somebody else.

i'm glad they did that.i have to thank them. it was awful nice of them. yeah, i'd liketo thank them, all right. keys. i don't needthat one no more. oh, that goesto our bedroom door. okay. it looks like--i had a lock on that to keep the kids outbecause i have guns. here's your money,randy.

what you're witnessing is a robbery. i'm starting to understandwhy people think, you know,when they lose their mind and go in thereand start shooting peopleand stuff. i'm not going to say i woulddo something like that, but i can see how they getpeople into that situation where people go in therewith bombs, blow them upand shoot at them. anything that happensto them people,

they deserve itis all i can say. i hope something happens-- yeah, well...can't say no more. some road kill right there. this is bob feinberg. he handled all the v.i.p. loans for countrywide, the nation's largest mortgage company. although countrywide mainly specializes in outrageously high-interest loans for low-income people,

bob's job was to take care of some of the country's top political leaders. [feinberg] one dayone of the bigger bossescalled me into the office. he said, "i want youto call this guy." i said "okay,"and he said, "he'sa friend of angelo's." angelo mozilois the ceo of countrywide. "give them this rate,waive these fees, and get it locked in,and don't fuck it up," and i was like, "oh, okay," so it wasa special department

that handledfriends of angelo. discounts were being given,fees were being waived, and at times, paperworkwas being waived. we literally would writeon the file, "foa." these werereally important people. i had richard holbrooke,ambassador holbrooke, donna shalala, people on capitol hill, people that regulatethe mortgage markets,

people that regulatewall street, and jim johnson,head of fannie mae. alphonso jackson,secretary of hud, senator conradfrom the finance committee. i had the tv on in my house. i was in the kitchenand heard a voice pontificatingabout predatory lending and how we have to putan end to it. our nation'sfinancial regulators

are supposed to bethe cops on the beat, protecting working americans from unscrupulousfinancial actors. senator dodd,christopher dodd,was speaking, and i just staredat the television,and i was upset. some of these loanshave legitimate uses, when madeto sophisticated borrowerswith higher incomes. because i had donea number of loansfor him, which he got discountsand all the things

that go with beinga friend of angelo's and all the good stuff. the senate banking and housing committee is supposed to be the watchdog of the mortgage industry. senator dodd is the chairman of this committee and has served on it for over 28 years. as a friend of angelo, he received over $1 million worth of discounted loans

from countrywide. someone next door here is selling a toxic pieceof crap loan to somebody. i was required to givethe most suitable loanto that v.i.p. [moore]did you ever feel that what you were doingmight be bribery? i didn't feel like i wasbribing anybody, no. i just was doing my job. i was the v.i.p. guy.

everyone in the companyknew who i was, everyone, and so it was kind ofa flattering situation, but no, i don't feel likei did anything wrong at all, and if i didn't do it, somebody elsewould have been doing it. that's why we need people like bill black, one of the bank regulators who uncovered the savings and loan scandal in the 1980s. something improper happened,

and i bet youthe regulators know. one of the leading figures of that scandal, charles keating, had an idea on what to do with bill black and sent a memo out with these instructions. i asked him who was looking out for us today. where was the fbi in all this? the fbi began publiclywarning in september 2004 that there was an epidemicof mortgage fraud perpetrated by the banks.

"epidemic" was their word, but when 9/11 hit, the bush administrationtransferred at least 500 white-collarfbi specialists out of dealingwith white-collar crime, even though we were entering, during the entire bushadministration, the greatest waveof white-collar crime in the nation's history--

in factin the world's history. the fbi says that 80%of the mortgage fraud losses are inducedby lender personnel. meaning what? meaning not the borrowercoming off the street, trying to defraudthe savings and loan, these are frauds ledby whoever controlsthe organization. it's typically the ceo,in other words. so did these ceosthink they were goingto get away with it?

they have gotten awaywith it. yes, apparently they did, and with a presidential election just around the corner-- define "rich." 5 million. the elites were worried that their crime spree might come to an end. after bilking trillions from the american public by repossessing their homes,

bankrupting them when they got sick, and convincing them to invest their earnings and pensions in the casino known as the stock market, the rich decided to make one last heist, and, as their 30-year-long party came to an end, take as much of the silverware with them as they could. but first they needed a distraction,

and as they learned after 9/11, nothing works better in the home of the brave than some good old-fashioned fear, and who better to wheel out for one last scary performance than chicken little himself? oscar voters, for your consideration... good evening. this is an extraordinaryperiod for america's economy.

the government'stop economic experts warn that withoutimmediate action by congress, america could slipinto a financial panic, and a distressing scenariowould unfold. more banks could fail, including somein your community. the stock marketwould drop even more, which would reduce the valueof your retirement account. the value of your homecould plummet.

foreclosureswould rise dramatically, and if you owna business or a farm, you would find it harderand more expensiveto get credit. more businesseswould close their doors, and millions of americanscould lose their jobs. yaah! even if you havegood credit history, it would be more difficultfor you to get the loansyou need to buy a car or sendyour children to college,

and ultimately our countrycould experience a long and painful recession. fellow citizens,we must not let this happen. in reality, there was no need for this speech because the mainstream media had already drunk the kool-aid. meltdown. the americanfinancial system is rockedto its foundations.

[man]...as a giant bank crumbles,stocks plummet-- nightmare on wall street. aig fights for its life. [man #2] blood on the floor. [woman] armageddon. [woman #2]a category 5 testof our financial levees. what the fuck happened? you ever seen a dam fail? it startswith a little crack,a little seepage.

[woman]...overwhelming support, congress struck downthe restrictions. big banking is barreling back. and it starts eroding, and it destroysall the internal strengthof the dam. [man]poison from the housing mess seeped deeper and deeperinto the banking system. and soon the damworks against itself. the weight of the damand the weight of the waterconspire against it.

[woman] investors weredumping bear shares, leading a huge sell-offof stocks-- [man] the stocksof fannie maeand freddie mac were in freefallthis morning-- [black] then there'skind of a significant flow. [man]wall street's losing streak stretchedinto its seventh day-- [man #2]carnage continues-- [black]then suddenly you've got

60-, 70-foot sectionsof dam exploding. [man]lehman brothers, bankrupt. merrill lynch, sold in haste. now aig. [black] just crashing. the market's year-long slide has brought down someof the biggest blue chips. ...and the waterstarts rushing through. [woman] this morning,washington mutualhas gone under,

the largest failurein u.s. banking history. [man]stocks fell off a cliff, the largest singlepoint drop in history. it destroysthe rest of the dam, and the whole failure looks like it only takestwo minutes, but of courseit's that little hole that's been therefor several years that really destroyed it.

you had thisfundamentally unsound system built on a foundationof sand instead of bedrock, and it was rottedfrom the core. it seems like capitalism'sjust collapsing on itself. who got rich here? lots of people got richduring this time, primarily the officersand directors of the large banksand savings and loans

and the specialtynon-prime lenders. these people becameunbelievably rich. and members of congressgot rich, especiallyonce they left congress. a number of them go and workin the financial institutions. sure, and as dorubin and summers. robert rubin, a one-time top executive at both citigroup and goldman sachs championed a change in the law

that allowed commercial banks to get into new areas, like investment banking and exotic insurance products. this made it legal to let citicorp merge with travelers group, a deal valued at $70 billion, creating the world's largest bank. after leaving the clinton administration,

rubin worked for citigroup, earning more than $115 million. summers madehis money where? summers made his moneyas a supposed consultant and in giving speeches at apparently, in some cases,over $100,000 a pop. summers also made $5.2 million at his part-time job-- advising a hedge fund. where did geithner work?

geithner has been a failure at pretty much everythinghe's done in life. most of the institutionsthat destroyed the economy were under his directregulatory authority. how did he get the jobas treasury secretary? by completelyscrewing up his job as presidentof the federal reserve bankof new york. that makes no sense. of course,it makes perfect sense.

this is not new to washington. people who will give you the wrong answerbut the answer you want are invaluable, and they often get promoted precisely becausethey're willing to sayand do absurd things. these are the peoplethat promised us that financial deregulation would make all of us rich,

and these are the peoplewho were personally made rich. it was not surprising that the rich wanted to get richer, but now they'd come up with a new and brazen way to do it. just back a big truck up to the department of treasury and take $700 billion of our tax money, no questions asked. [man]i've got michael moore--

you know who michael mooreis, don't you, betty? the film director?he's filming me right now. i got my wife on the line. oh, hi. how are you doing?baron hill from indiana. how are you, sir?good state. we're from michigan,you know. how did this collapse happen? i got home on a friday.

everything was just fine,in terms of the economy. i called back after myplane landed in indiana, just to check inwith my office, and all of a sudden we've gotthis crisis on our hands. and that i'm going to haveto vote when i come back monday for a multi-billion-dollarbailout of the financial industry. the word that we got was that if we did notact immediately,

uh, the economywould collapse. no doubt about it. i feltthat the announcement of this crisis in september, just a few weeksbefore election, was very suspicious. this is when congressis the most nervous, and i thought, wait a minute.what's going on here? this is not normal.

[moore] the leadership of congress and the bush administration quickly held a series of private meetings with the titans of wall street to figure out just how much money was needed to cover all the bad bets investors had made. a deal was cut with treasury secretary henry paulson, the former ceo of goldman sachs, whose net worth was estimated at $700 million when he left goldman

to go and run the treasury department. i think we saw the best ofthe united states of america in the speaker's officetonight. the best of america? or did he mean the best of goldman sachs? [kaptur]the treasury department, it's basicallyan arm of wall street. all the people in chargewere from goldman sachs. we call it "government goldman"in the modern era.

that's because there were now numerous former goldman executives inside the bush treasury department, as there were under clinton. they worked as powerful lobbyists from the inside to abolish financial regulations while we paid their salaries. treasury secretary paulson, he wasn't just randomlyat goldman,

he was the guy at goldmanwho got them big time, into buying these exotichousing derivatives. so he got goldmanin a huge amount of trouble. insane housing derivatives had now destroyed much of goldman's competition, and with the goldman boys now calling the shots inside the government, they would ensure that goldman would end up as the kings of wall street

when the dust settled. so the last possible peoplethat should be giving advice to treasury would be goldman--so naturally paulson, former ceo of goldman,puts them on. and what advicedo they end up giving? well, to use the taxpayersto bail out goldman, and other favoredfinancial institutions. well, secretary paulsonhas submitted a simple proposalto congress.

this is it. three pages. it's abouta billion dollars a word. and it is quite simple. secretary paulson getsthe key to the treasury. can start off byborrowing $700 billion in the nameof the american people-- maybe more later-- and it waives all laws--all laws. not even court review.pretty simple proposal.

we are in a realcrisis situation that could mushroom into something worsethan the great depression. [rep. kaptur]so i saw fear. one gentlemanstarted to cry. people are telling usthat, you know, it's going to bethis gigantic calamity, and i'm up for electionin two months, you know? eight weeks away from election.i don't want to make a mistake.

what's the right thing to do? heaven help us. if we failto pass this, i fear the worst is yet to come. and a few memberswere even told that there would bemartial law in america if we voted no. they were rammingthis thing down our throat. they wanted us to voteon it right away, without any kindof thoughtful analysisof what we were hearing--

no real hearings. and i wasn't about to-- to go, you know, i gotcornered into voting for the iraq resolution, based upon some liesthat had been made to me, and i wasn't goingto go through that again. i will wait on eventswhile dangers gather. i will not stand by as perildraws closer and closer. you use fear, and thenyou get done what you want.

and they created,in this window, two months before election,this pressure cooker. people understand thatthe house of representatives needs to passthis piece of legislation. mr. speaker, my messageto the american people, don't let congress sealthis wall street deal. these criminals haveso much political power they can shut downthe normal legislative process of the highest lawmakingbody in this land.

all the committeesthat should be scanning every word of what is beingnegotiated are benched-- and that means the americanpeople are benched, too. we are constitutionally swornto protect and defend this republicagainst all enemies, foreign and domestic. they say it's gonna bey2k all over again. this is the same politicsof fear we are hearing from the fat cat financialbullies from wall street.

why aren't we asking wall streetto clean up its own mess? why aren't we helping americanfamilies faced with bankruptcy? why aren't we reducingdebts for main streetinstead of wall street? is thisthe united states congress or the board of directorsof goldman sachs? the night before the vote, the american people in unprecedented numbers flooded capitol hill with millions of messages demanding that congress vote no.

[explosion] the bailout packagewas defeated today, voted down inthe house of representatives. the stock market plunged-- plunged to the single greatestpoint loss in the dow average in one day, ever. the question is this--is the failure of the bailout reason enough to vote allthe incumbents out of office in five weeks?

twelve votes killed it.so did the voices of a lot ofthe american people, who called theirrepresentatives and said no. then congress voted no. tonight,congress has left town-- it was a rebuke that congress and wall street had rarely, if ever, experienced. it was what the citibank memo had warned against-- that if the peasants ever chose

to exercise their democratic rights, the pillaging by the wealthy would be over. so paulson and company headed back up to capitol hill, and faster than you can say "check, please," they cut a backroom deal with the help of the democrats. this issue supersedesan election. we need to get this right.we need to do it quickly.

i agree with the secretary.it's not going to openly cost all of thesehundreds of billions. we will recover most of it,maybe all of it. [kaptur] the democratsbecame the deliveryman for a bill forthe republican president. presidents and presidents-to-bemade phone calls, and members--i know at least two members who have an interestin the u.s. senate, and promises were made.

within days, the congress did an amazing about-face, and gave the banks the 700-plus billion they wanted. the people be damned. on this vote, the yeasare 263, the nays are 171. the motion is adopted. it was very carefullyplanned to happen when it did, to involvethe players that it did. the messagewas carefully handled.

they had congressright where they wanted them. [moore]you don't think it wasjust happenstance. this was almost likean intelligence operation. that had to be coordinatedat the highest levels. this whole fiascoshows you that there's some--some forces-- ...that are not democratic. right.that are in control. big time.

they did a masterful job.very well-executed. do you think it's too harsh to call what has happened herea coup-d'ã©tat? a financial coup-d'ã©tat? that's-- no. because i thinkthat's what's happened. um, a financial coup-d'ã©tat? i could agree with that. i could agree with that,because the people here really aren't in charge.

wall streetis in charge. [moore]where is our money? [cnn reporter] citigroupis spending $50 million on a luxury corporate jet-- [moore]you don't know? but you're the person that--you're in charge of-- they put you in chargeto find out. [reporter]goldman sachs has set aside$6.8 billion for bonuses. but treasury followeda "don't ask, don't tell"policy.

they didn't ask the banks what they were goingto do with the money, and not havingasked them, the banksare not required to tell. aig poolside meetingsat a valley resort-- it doesn't make any sense. we're getting wordthat 73 people received at least$1 million apiece. why wouldthe department of treasury not require the banksto tell them

what they're doingwith our money? you're going to have toask secretary paulsonthat question. because i've askedthat question in my role as head of thecongressional oversight panel. and so far, i haven'tgotten an answer. maybeyou'll get a better one. [phone ringing] [woman] good afternoon. hank paulson's office. yeah,this is michael moore. i'd like to talkto mr. paulson?

i'm sorry. your name again? michael moore. michael moore? [line clicks] s-- hello? hello? [hangs up phone] this is crazy, what they'redoing with our money. if i couldget them to actuallygive the money back--

i'd be in favor of that. â™ªâ™ª [angelic choir] we're here to get the moneyback for the american people. i understand, sir.but you can't come in here. can you just take the bag?take it up there? absolutely not. fill it up? i got more bags. $10 billionprobably won't fit in here. you can't help meget the money.

i can't help youget the money. what would happen if i madea run for it right now? so i went to another bank. we want our money back. i went to all the banks. you seen this guy? yeah. okay. good.we're here to make a citizen's arrest,actually. okay, just drop itfrom the windows.

and everywhere i went, i got the same reaction. we're actually hereto make a citizen's arrest of the entireboard of directors and the executives here. why don't you speakto my supervisor? matter of fact,that's him right here. where's he at? inside.

in the white shirt? yep. that's him. blue tie? uh, receding hairline? are you using the moneyto buy other companies? you know, this bailout,this is our money. and-- oh, oh. thisis a police officer. i wanted to makea citizen's arrest of the ceo. mr. o'blankfein.

[laughs] and, well, you're here,so maybe you could help me. all right, let's do itoutside there. $170 billion of our taxpayer money? you're not allowedin the building, sir. i know, but i'm hereto make an arrest. not in the building. i'm here to make an arrest.

make it outside, sir. how can i make it outside?they're upstairs. i'll make an arrest. but, what? you canarrest somebody? if you can arrest somebody,i can arrest somebody. sir, leave the building, sir. who else do you wantto leave the building? your cameramanand your crew. come on out, sir.

they don't speak english. â¿dã³nde? these guys have brokenso many laws, you know? this is money.it's theft. it's fraud. i'm going to take it backto the u.s. treasury. right in this car. it's safe.you can trust me. [grunts]

there are just theselittle hints that the unimaginablecould occur, which is that, uh, people in general in the united states could actuallybecome angry at the wealthy! shame on you! shame on you! [wallace shawn]the people who became rich

in this countryin the last decades were not even making the thingsthat everybody loved. they were playing games that ended up actuallyharming everybody. [shouting] aig! so some kind of diseasehas entered into the economy. it was unusual for americans to turn against the rich

because of the carrot that had always been held out in front of us-- that we, too, could be one of them someday. people were starting not to believe that. and that frightened the rich. because off in the distance, they heard something coming, and it wasn't another dry martini. it was the friggin' people. [obama]we are readyto take this country

in a fundamentallynew direction. that's what's happeningin america right now. change is what's happeningin america. holy shit! this was not what wall street wanted. what if he won? what would happen to their way of life? so they did what they always do-- they threw as much money at him as they could.

goldman sachs became his number 1 private contributor, with nearly $1 million in contributions. but yet, they still weren't sure what he would do. how did he really feel about them and their way of life? my attitude isif the economy's good forfolks from the bottom up, it's going to be goodfor everybody. senator obama is runningto spread the wealth-- joe the plumber said to him,

"that plan soundedlike socialism." â™ªâ™ª [soviet national anthem] [joe the plumber]i love america, and i wanted to make sureit stays a democracy and not a socialist society. and i really thinkhe's going to bring socialism if he gets half a chance. i don't trust obama at all. i left europe four decades ago

because of socialism haskilled opportunities there. someone is going to have togive up a piece of their pie so someone elsecan have more. i want all my pie. [woman]barack obama is a socialist.it's that simple! the scare campaign wasn't working. in fact, the more they called obama a socialist, the more he went ahead in the polls. and by using the word so much,

it made a new generation curious about what that was. for instance, few of them knew there was actually a socialist in the united states senate. of course, he was from the gay state of vermont. you saythat you're a socialist. tell me what that means. i'm a democratic socialist, which means thatthe function of government is to representmiddle-incomeand working people

rather than justthe wealthy and the powerful. you know, one of the thingsthat we have done here, we've become very religiousin worshipping greed. and we put on the front pagesof the magazines guys who have madebillions of dollars. we ignore the cops,the firemen, the teachers, the nurses, who every day are doingso much in improving the lives of people-- we oughtto change our value system.

hmm. that doesn't sound too bad. i mean, it sounds like america. well, by election day, the rasmussen poll reported that only 37% of young adults now favored capitalism over socialism. i hope the economywill improve-- [drowned out by cheering] [man on pa] at 11:00, we project barack obama president-elect

of the united states of america. [moore] just two years earlier, had anyone predicted this moment, they would have been considered crazy. but that's how fast things change. it was, in an instant, a farewell to the old america. the country was electrified by his victory. and suddenly, people were inspired to do things

they never would have done before. like the sheriff in detroit who decided it was time to break the law in order to help the people. [sheriff]doesn't it seem kind ofstrange to you that they would seeka government bailout? i thought that's notwhat they do. [beeping] one-zero-one radio. i thought the free marketis you sink or swim.

i just saw them sinkand cry like babies for assistancefrom everybody else. [sheriff]today i will be stopping all mortgage foreclosure salesin wayne county. i cannot,in clear conscience, allow any more familiesto lose their homes through foreclosure sale-- what must the banks have thought, seeing the law that was set up

to protect their interest being subverted? do you think the free markethas failed detroit? well, i mean,i think the free market'sfailed the country. you know, this is crazy. neighborhoods that arecompletely destroyed because too many homeshave been foreclosed, and then you wonder,is this really america or is thisa third-world country or,

you know, exactlywhat are we doing here? until things get so badthat people can do nothing but protest-- and then,those are called revolutions. and sometimes, revolutions begin in unlikely places. annie, wake up. living in the back of a truck after a bank foreclosed on the home they had owned for 22 years, the trody family of miami,

with the help of their neighbors, took matters into their own hands. on behalf of this familyand this community, we liberate this homefor this family. cut the sign down!take it off! [applause, cheering] [man shouting]i'll say community,y'all say power! community! power!

it wasn't long before the guy from the bank who had evicted them came back. see this? i want youto go ahead and takea picture of that. you're trespassing. okay, we did an evictionhere, and the peoplewent back inside the house. the property? yes, please.i need police assistance. when all of these housesare empty, the value of everybody else's housegoes down. sure.

so if you can keepthese people in this house, that will help not only them,but it helps-- so you see my situationis that the people-- if the bank lets themgo back inside, okay? then the bank misses anopportunity to sell the house to somebody else, okay? and the bank is lookingto sell how many houses now? well, and then if i--if the bank lets everybody came back insidethe house for free--

people wantplaces to live. people fighting back was an unusual sight, so nine police cars responded to the call. considering the neighborhood, the response time was impressive. i'm just saying she shouldn'thave to be isolated. you don't have to answerany of the questions. you don't have to sayanything to them. okay? but the trodys stood their ground.

we don't havenowhere else to go. exactly. living out ofthe side of the truck. this was our plan b. we don't haveno plan c. that is the problem. it's not right. she beenin this house for 22 years. and y'all gonnaput her out! how do you feel, puttin'people out of the house,

making them homelessevery single, freakin' day? you should rather be homelessthan do something like that. [man]where is the money the federalgovernment gave to the banks? [all shouting] this is our house! little babies be arrested because all this stuffis going on! serves you right! â™ª movin' up a tree,movin' up a tree â™ª

â™ª we are here â™ª â™ª safe and strong â™ª â™ª in our rightful way â™ª let's go. we did good, we did good. all right! â™ª ain't no powerlike the power of the people â™ª â™ª 'cause the power of the peopledon't stop, say what â™ª â™ª 'cause the power of the peopledon't stop, say what? â™ª

don't leave your home! because you know what? when those companies saythey have your mortgage, unless you have a lawyerthat can put his finger,or her finger on that mortgage,you don't have that mortgage. and you're going to findthey can't find the paper up there on wall street. so i sayto the american people, you be squattersin your own homes.

don't you leave. in ohio and michiganand indiana and illinois and all these other placeswhere our people are beingtreated like chattel! and this congress is stymied! wow. it's not every day you get to see a member of congress encouraging open rebellion. back in chicago, the workers of republic windows and doors

had a bright idea. they decided that, on second thought, it wasn't okay to be fired without notice, to be denied their vacation and severance pay, and to have their medical benefits cut off. so they came up with a plan. tell bank of america and the owners of the company that it was a new day in america.

they weren't going to leave the building until they were paid what they were owed. yes, it was a good old-fashioned sit-down strike. [man] we understandthat perhaps some bad business dealswere made. but guess what.we don't makebusiness deals. we makewindows and doors. why should webe punished? [cheering, chanting]

the union organizers and the workers prepared for a police assault that was sure to come. i'm gonna take the chance. you're preparedto be arrested? i'm prepared to be arrestedif it's necessary. we've been heresince yesterday, and we aren't going anywhere. we are committed to this.

it wasn't long before the media showed up, and given the mood of the country toward the bailout, even the tv anchors had run out of sympathy for the banks. in chicago, a groupof factory workers watched,like the rest of us, as taxpayers bailed outthe financial industry. now these laid-off workersare demanding bank of america spend some of itsbailout money on them. [woman] it says"bank robbers of america."

look, if we, the taxpayers,are going to provide a bailout for companieslike bank of america, then the least they can dois use those funds on american workersand companies... 25 billion dollarsto bank of america. i don't know, how dopeople sleep at night, when they act like that?i don't get it. because what's the pointof bailing them out if there aren't any jobs?

the strike went on, day after day. the police had not yet come. but the son of a chicago steel worker did. he just also happened to be the bishop in chicago. ladies and gentlemen,i'm bishop james wilkowski. i know that you are allundergoing a great trial. you are teachingto our young people that it is justto challenge that which is unfair.

i grew up on the farsoutheast side of chicago, and i saw what happened when all the steel millsdisappeared, and i saw the impactthat it had on families. but this time... we are with you. and we will notabandon you. in the name of the father,and the son, and the holy spirit,amen.

body of christ. [softly]body of christ. [obama]when it comes to the situation here in chicago, with the workerswho are asking for the benefits and paymentsthat they have earned, i think they'reabsolutely right. what's happening to themis reflective of what's happeningacross this economy.

[woman]he said, quote,"what's happening to them is reflectiveof what's happening-- [male reporter]he said what's happeningto those workers is reflective to what'shappening across this economy. i was watching obama's pressconference this morning. i just got out of bed,and i decided that the best thing i coulddo was to feed people. so i brought some food. i brought some sandwiches.

oh, good. thank you so much. in fact, lots of chicagoans showed up to support the workers. [female reporter]the workers have becomea national symbol for thousands of employeeslaid off across the country. [male reporter]this sit-in has grabbedthe attention of politicians,who believe it exemplifies and imbalance betweena wall street

that gets government help, and a main streetthat gets the shaft. the questions started to be asked. was this the beginnings of a worker's revolt against wall street? the people, united,will never be defeated! bail out workers,not the banks! bail out the workers,not the banks! pledges of financial support and food

showed up by the truckload. [woman]it's really beyond what we hadfirst initially imagined, and so now we're dreaming. [chuckles]a little bit. you know, we even hada conversation, well, what if we just triedto run the factories like a cooperative? we don't have any money!we're not capitalists. we're having thosekind of conversations,

and the workersare thinking about it, and it's a difficult thing, because, you know, if you'vebeen told your whole life that things are the wayother people tell youthat they are, to be able to think, well,no, i can make it different, is quite a--is quite a big deal. all over the national news,everyone is watching you because they'reso inspired by you. [speaking spanish]

[laughing] after six days of the sit-in, bank of america decided enough was enough. better to pay off these workers now and hope their little revolution goes away. and so the bank and the company agreed to all the workers' demands. yes, we did! yes, we did! the average packagefor each worker

will be very closeto $6,000. but this is about morethan just money. it's aboutwhat can be achieved when workers organizeand stand up for justice. just fight! fight, fight,fight, fight, fight! just to get, like,the most basic thing that people shouldtake for granted. and that's, you know,legally theirs. we just fight so hard forthe most basic things in life.

it's a fight we knew all too well in flint, michigan. for it was here that my uncle and his fellow workers first brought downthe mighty corporate interests that dominated their lives. it was the day before new year's eve in 1936, and hundreds of men and women took over the g.m. factories in flint and occupied them for 44 days. they were the first union

that beat an industrial corporation, and their actions eventually resulted in the creation of a middle class. but back in these days of the flint sit-down strike, the police and the company thugs were not going to just stand by. after a bloody battle one evening, the governor of michigan, with the support

of the president of the united states, franklin roosevelt, sent in the national guard. but the guns of the soldiers weren't used on the workers, they were pointed at the police and the hired goons, warning them to leave these workers alone. for mr. roosevelt believed that the men inside had a right to a redress of their grievances.

seven years later, president roosevelt was too sick to go up to the capitol and give his annual state of the union address. [announcer] ladies and gentlemen, the president of the united states. [franklin roosevelt] it has been my custom to deliver these annual messages in person. [moore] so he gave it

from the white house over the radio. when it was over, he asked the newsreel cameras to step into his room, becausehe wanted the american people to see one particular part of his speech. the president of the united states then took the radical step of proposing a second bill of rights to the constitution. in our day,certain economic truths

have become acceptedas self-evident. a second bill of rights, under which a new basisof security and prosperity can be established for all, regardless of stationor race or creed. among these are the right to a usefuland remunerative job, the right to earn enoughto provide adequate food and clothingand recreation,

the right of every farmer to raise and sell his products at a return which willgive him and his family a decent living, the right of every businessman, large and small, to trade in an atmosphereof freedom-- freedom from unfaircompetition and domination by monopoliesat home or abroad, the right of every familyto a decent home,

the right to adequatemedical care, and the opportunity to achieveand enjoy good health, the rightto adequate protection from the economic fearsof old age-- sickness, accident,and unemployment; the rightto a good education. all of these rightsspell security. and after this war is won, we must be preparedto move forward

in the implementationof these rights to new goals of humanhappiness and well-being. for unless there issecurity here at home, there cannot belasting peace in the world. roosevelt would be dead in little over a year. he would not live to see the end of the war, nor would there be any enactment of his new bill of rights. [woman] â™ª 'tis the last rose... â™ª [moore] had he lived and succeeded,

every american, regardless of race, would have had a right to a decent job... a livable wage... universal health care... a good education... an affordable home... a paid vacation... and an adequate pension. none of this would come to pass.

no american would be guaranteed any of this. but the people of europe and japan got every one of these rights. how did that happen? after the war, the people of roosevelt's administration went overseas to help rebuild europe. during this time, new constitutions were written for the defeated nations of germany, italy and japan.

the italian constitution guaranteed all women equal rights, and this was 1947. the german constitution said that the state has the right to take over property and the means of production for the common good. and here's what we wrote up for the japanese-- all workers have a right to organize into a union, and academic freedom is guaranteed.

for the next 65 years, we would not become the country that roosevelt wanted us to be. instead, we became this. i remember thinking, during the katrina flood, "why is it always the poor "who have to suffer the misery? "why isn't it ever bernie madoff up on the roof,

"screaming for help, "or the head of citibank or the hedge fund guys "at goldman sachs? or the ceo at aig?" it never is these guys, is it? it's always those who never got a slice of the pie, because these men took it all and left them with nothing. left them to die.

i refuse to live in a country like this. and i'm not leaving. we live in the richest country in the world. we all deserve a decent job, health care, a good education, a home to call our own-- we all deserve fdr's dream, and it's a crime that we don't have it.

and we never will, as long as we have a system that enriches the few at the expense of the many. capitalism is an evil. and you cannot regulate evil. you have to eliminate it. and replace it with something that is good for all people. and that something is called democracy. crimes have been committedin this building. i am here to makea citizen's arrest.

please come down and stepaway from the building. do not be afraid.federal prisonis a nice place. you know, i can't really do this anymore, unless those of you who are watching this in the theater want to join me. i hope you will. and please, speed it up. [tony babino] â™ª arise, you workers, from your slumber â™ª

â™ª arise, you prisoners of want â™ª that's right! â™ª for reason, in revolt now thunder â™ª â™ª shades of hatred, greed, and fear â™ª ha-ha! â™ª away with all your superstitions â™ª â™ª servile masses, arise â™ª â™ª arise â™ª â™ª we'll change henceforth the old tradition â™ª

â™ª and spurn the dust to win the prize â™ª â™ª so, comrades, come on and rally â™ª â™ª and the last fight let us face â™ª â™ª the internationale unites â™ª â™ª the whole darn human race â™ª â™ª so, comrades, come on, let's go rally â™ª â™ª no more deluded by reaction â™ª â™ª on tyrants only we'll make war â™ª â™ª the soldiers too will take strike action â™ª

â™ª they'll break ranks and fight no more â™ª â™ª and if those cannibals keep trying â™ª â™ª to sacrifice us to their pride â™ª â™ª each at the forge must do their duty â™ª â™ª and we'll strike while the iron is hot â™ª â™ª the whole beautiful human race â™ª ha! â™ª the whole darn â™ª â™ª human race â™ª

[merle haggard] â™ª jesus christ was a man â™ª â™ª that traveled through the land â™ª â™ª a carpenter true and brave â™ª â™ª and he said to the rich â™ª â™ª give your goods to the poor â™ª â™ª and they laid jesus christ in the grave â™ª â™ª he went to the sick, and he went to the poor â™ª â™ª and he went to the hungry and the lame â™ª â™ª and he said that the meekwould inherit the whole world â™ª

â™ª one day jesus stopped at a rich man's door â™ª â™ª what must i do to be saved? â™ª â™ª take all you own and give it to the poor â™ª â™ª when the love of the poor shall one day turn to hate â™ª â™ª when the patience of the workers gives away â™ª â™ª it would be better for the rich â™ª â™ª if they'd never been born â™ª â™ª so they laid jesus christ in the grave â™ª â™ª when jesus came to townall the workin' folks around â™ª

â™ª believed what he did say â™ª â™ª but bankers and preachers nailed him to the cross â™ª â™ª well the people held their breath â™ª â™ª when they heard about his death â™ª â™ª and everybody wondered why â™ª â™ª it was the landlord and soldiers â™ª â™ª lawmen they had hired â™ª â™ª that nailed jesus christ in the sky â™ª â™ª we would lay jesus christ in the grave, lord, lord â™ª

â™ª we would lay jesus christ in the grave â™ª â™ª if jesus preached in death like he preached in galilee â™ª â™ª they would lay jesus christ in his grave â™ª closed-captioned byj.r. media services, inc.burbank, ca

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