Adam McKay Quotes
You have a guy like Bernie Madoff literally steal $80 billion, you know, AIG steal hundreds of billions, Goldman Sachs. Crime has changed so much, and to really do a movie with, like, drug dealers or drug smugglers is kind of almost quaint at this point.
Rabin, Nathan. "Adam McKay." The A.V. Club, G/O Media, 5 Aug. 2010.
In the economic meltdown of 2008 and the aftermath, there were so many criminal violations of law in the financial industry that even the Democratic administration of Barack Obama chose not to jail the violators but to levy some large token fines albeit ones which were very affordable for the institutions who had to pay them—in many cases paying them with money made as a result of profits on no-interest money they received in bailouts after the 2008 Meltdown.
The then attorney general had begun a series of investigation which discovered that most of the major Wall Street brokerage houses were engaged in systematic frauds to cheat small investors. One dramatic fraud he uncovered was that the research expert analysts of major firms would recommend the stock of businesses that their firm was doing investment banking for even when they knew that the companies were not doing well or were even in deep financial trouble. See {627544}.
Commenting on the 1989 savings and loan scandal:
Greenspan was not the amoral fool that this quotation makes him seem. Despite the fact that he was the most important financial officer of the country, he had an ideological faith that a free market was self-corrective in a democracy. The financial industry would police itself he believed. He also trusted the self interest of the financial corporations to restrain them from getting too greedy -- {637989}. He and many others were wrong and most Americans paid the price.
Adam McKay is an American film and television director, producer, screenwriter, and comedian. McKay served as head writer for the NBC sketch comedy series Saturday Night Live for two seasons and is the co-founder of the Upright Citizens Brigade. He is the director of Anchorman: The Legend of Ron Burgundy (2004), Talladega Nights: The Ballad of Ricky Bobby (2006), Step Brothers (2008), The Other Guys (2010), and Anchorman 2: The Legend Continues (2013), all of which he co-wrote with his creative partner Will Ferrell. Together McKay and Ferrell have co-written and produced numerous TV series and films, and produced their comedy website Funny or Die and HBO's Eastbound & Down through their company Gary Sanchez Productions.
