HoneyBBQ
Junior Associate
Joined: Dec 27, 2010 10:36:09 GMT -5
Posts: 5,395 
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Post by HoneyBBQ on Apr 7, 2011 9:19:01 GMT -5
We just watched this last night. Thought it was pretty good. A little Michael Moore-ish at times, but overall I thought it was well done. I had just noticed that one of my old 401k accounts JUST got up to where it was prior to the economic meltdown. I quit my job in Dec 2008 and had 250k in there when I quit. It dropped down to ~150k, now it is finally back up to $250k. So as far as I can tell, I lost 2 years + $100k +30 years of gains on that money in that account alone. Makes me kind of depressed. The other thing that got me was the way the academic professors are all on the boards of directors for these financial giants. I also work in academia, and the conflict of interest just astounded me. I also work in academic medicine so we are required by law to always establish COI in any publication, meeting, presentation, etc. I just thought it was amazing a professor at Harvard would "make" $125k writing a fraudulent paper about Iceland. I seriously am in the wrong field.  |
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RoadToRiches
Familiar Member
Formerly "indebt"
Joined: Jan 4, 2011 11:08:00 GMT -5
Posts: 965
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Post by RoadToRiches on Apr 7, 2011 9:29:53 GMT -5
Yes I watched it. It was good.
Funny to see all these CEO's in front of the Congress just fumbling with words...Amazing to me none of them are in jail. But then again, it's all politics.
Another good ones I watched:
Meltdown
Food Matters
Food Inc.
National Geographic: Inside North Korea
Vice Guide to Travel
The Third Jihad
I.O USA
In Debt We Trust
Talibanistan
Frontline: Breaking the Bank
Frontline: Inside the Meltdown
Frontline: Black Money
Frontline: The Card Game
Frontline: Ten Trillion and Counting
The Future of Food
Tapped
and many others...
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Gardening Grandma
Senior Associate
Joined: Dec 20, 2010 13:39:46 GMT -5
Posts: 17,962
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Post by Gardening Grandma on Apr 7, 2011 10:34:53 GMT -5
I haven't seen "Inside Job", but I've just put it in first place on my Netflix queue....
I had just noticed that one of my old 401k accounts JUST got up to where it was prior to the economic meltdown. I quit my job in Dec 2008 and had 250k in there when I quit. It dropped down to ~150k, now it is finally back up to $250k. So as far as I can tell, I lost 2 years + $100k +30 years of gains on that money in that account alone. Makes me kind of depressed.
If any of your holdings paid dividends and you had them automatically reinvested, you'd have been acquiring more during that time... We're retired and most of our funds pay dividends (which we have set to automatically reinvest), so our dividends purchased more while the price was depressed....
Even if you didn't have any paying dividends, this is something that does happen from time to time. It will happen again.
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