WALL STREET AT ITS MOST CORRUPT? The GREEDY 80

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WALL STREET AT ITS MOST CORRUPT? The
GREEDY 80s!
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NORTH AMERICAN POPULAR CULTURE IN THE EIGHTIES

• The 1980s became the Me! Me! Me! generation of
  status seekers.   During the 1980s, hostile
  takeovers, leveraged buyouts, and mega-mergers
  spawned a new breed of billionaire.  Donald
  Trump, Leona Helmsley, and Ivan Boesky icons of a
  the meteoric rise and fall of the rich and
  famous.  If you've got it, flaunt it and You can
  have it all! were watchwords.

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GREAT RECESSION 2008
Post WAR BOOM YEARS
OPEC OIL CRISIS
Great Depression
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Reaganomics , Mulroney and Class Structure
"The economic distance between rich and poor,
between well paid and poorly paid, is higher
today than at any time in the lifetimes of all
but our most senior citizens, the veterans of the
Great Depression." Televisual Celebration of
Wealth in 1980s America Dynasty, Dallas,
Lifestyles of the Rich and Famous The Rise of
the "Yuppie NAFTA, LOW TAXES FOR THE RICH
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AN ERA FOR CONSERVATIVES AFTER THE POST WAR
LIBERALISM OF FDR, PEARSON, JFK, TRUDEAU

• Along with Margaret Thatcher in Britain and Brian
  Mulroney in Canada, Ronald Reagan led a
  conservative assault on the postwar welfare state
  in the name of economic efficiency and growth --
  cutting income taxes for the wealthiest,
  deregulating industries, limiting the role of
  government, taking on big unions and their power,
  selling off Crown Corporations (privatization)
  tackling inflation and liberalizing trade
  (NAFTA/FREE TRADE).
• The prescription, known as Reaganomics in North
  America, yielded a payoff as the American economy
  boomed through the 1980s, though critics contend
  it had its dark side by leading to greater
  economic inequality and environmental
  degradation.
• TRICKLE DOWN ECONOMICS-LET THE RICH KEEP MORE
  OF THEIR THROUGH LOW TAXES AND THEY WILL CREATE
  MORE JOBS BY INVESTING MORE IN THEIR COMPANIES.
• MAYBE?

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• CBC Archives Betting On Free Trade 1988
  YouTube
• https//www.youtube.com/watch?vgyYjRmM7RDY
• Margaret Thatcher death We look at her war with
  the National Union of Miners YouTube
• Margaret Thatcher on Socialism YouTube
• Margaret Thatcher - It's Your Money - YouTube
• https//www.youtube.com/watch?vDc8brHWFZMY
• Brian Mulroney visits Ronald Reagan, September
  24, 1984 YouTube

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Ask Margaret Thatcher

• Q There are those nasty critics, of course, who
  suggest that you don't really want to bring the
  (SOCIALIST) Labour Party down at the moment.
  Life is a bit too difficult in the country, and
  that ... leave them to sort the mess out and then
  come in with the attack later ... say next year.
  A I would much prefer to bring them down as
  soon as possible. I think they've made the
  biggest financial mess that any government's ever
  made in this country for a very long time, and
  Socialist governments traditionally do make a
  financial mess. They always run out of other
  people's money. It's quite a characteristic of
  them. They then start to nationalise everything,
  and people just do not like more and more
  nationalisation, and they're now trying to
  control everything by other means. They're
  progressively reducing the choice available to
  ordinary people.
• "The trouble with Socialism is that eventually
  you run out of other people's money."

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Whats a Yuppie ?

• Informal for (y)oung (U)rban (P)rofessional, or
  Yup. turned into yuppie in the 1980's. A term
  used to describe someone who is young, possibly
  just out of college, and who has a high-paying
  job and an affluent lifestyle. Can now be used to
  describe any rich person who is not modest about
  their financial status. Yuppiedom (yuppie-dum)is
  a term used to describe an involvement in being a
  yuppie.
• Yuppie-I'm going to go drive my ferrari to the
  seafood place for a 500 lobster.
• RELATED TERMS PREPPIE, YUPPY PUPPY, DINK

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Yuppie Rap YouTube
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Bernie Madoff made off with the PONZI
SCHEMEDIDNT GET CAUGHT UNTIL 2008

• Bernard Lawrence "Bernie" Madoff (born April 29,
  1938) is an American convicted of fraud and a
  former stockbroker, investment advisor, and
  financier. He is the former non-executive
  chairman of the NASDAQ stock market, and the
  admitted operator of a Ponzi scheme that is
  considered to be the largest financial fraud in
  U.S. history.
• Madoff founded the Wall Street firm Bernard L.
  Madoff Investment Securities LLC in 1960, and was
  its chairman until his arrest on December 11,
  2008. The firm was one of the top market maker
  businesses on Wall Street, which bypassed
  "specialist" firms by directly executing orders
  over the counter from retail brokers He employed
  at the firm his brother Peter, as Senior Managing
  Director and Chief Compliance Officer Peter's
  daughter Shana Madoff, as the firm's rules and
  compliance officer and attorney and his sons
  Andrew and Mark. Peter has since been sentenced
  to 10 years in prison and Mark committed suicide
  by hanging exactly two years after his father's
  arrest.Andrew died of lymphoma on September 3,
  2014.
• On December 10, 2008, Madoff's sons told
  authorities that their father had confessed to
  them that the asset management unit of his firm
  was a massive Ponzi scheme, and quoted him as
  describing it as "one big lie". The following
  day, FBI agents arrested Madoff and charged him
  with one count of securities fraud. The U.S.
  Securities and Exchange Commission (SEC) had
  previously conducted investigations into Madoff's
  business practices, but had not uncovered the
  massive fraud.
• On March 12, 2009, Madoff pleaded guilty to 11
  federal felonies and admitted to turning his
  wealth management business into a massive Ponzi
  scheme that defrauded thousands of investors of
  billions of dollars. Madoff said he began the
  Ponzi scheme in the early 1990s. However, federal
  investigators believe the fraud began as early as
  the mid-1980s and may have begun as far back as
  the 1970s. Those charged with recovering the
  missing money believe the investment operation
  may never have been legitimate. The amount
  missing from client accounts, including
  fabricated gains, was almost 65 billion. The
  SIPC trustee estimated actual losses to investors
  of 18 billion.
• On June 29, 2009, Madoff was sentenced to 150
  years in prison, the maximum allowed

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Bernie Madoff Reveals to Barbara Walters He Is
'Happier in Prison' - YouTube
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Binge buying and credit became a way of life and
'Shop Til you Drop' was the watchword.  Labels
were everything, even (or especially) for our
children.  Tom Wolfe dubbed the baby-boomers as
the 'splurge generation.'  Video games, aerobics,
minivans, camcorders, and talk shows became part
of our lives.   The decade began with
double-digit inflation,
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Promotional Photograph for Dynasty
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Top 10 Trends of the 1980s - YouTube Life in the
1980s YouTube 1980s-culture--history - YouTube
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Greed is Good

• the film has come to be seen as the archetypal
  portrayal of 1980s excess, with Douglas's
  character memorably declaring that "greed, for
  lack of a better word, is good". It has also
  proven influential in inspiring people to work on
  Wall Street

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Blue-Collar Workers' Declining Standard of
Living Problems of the Inner City 1. influx of
immigrants and ethnic polarization 2. inner-city
unemployment and crime in THE PROJECTS (PUBLIC
HOUSING) 3. skyrocketing incarceration rates for
African-American and Latino men 4. CRACK!
CONSPIRACY THEORY ABOUT AFRICAN AMERICANS AND THE
WHITE HEGEMONY http//newsone.com/2033054/black-u
rban-legends-crack-black-community/ https//www.y
outube.com/watch?vBadSZDpvq-s
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Not everyone got rich

• Reagan declared a war on drugs, Kermit didn't
  find it easy to be green, hospital costs rose, we
  lost many, many of our finest talents to AIDS
  which before the decade ended spread to black and
  Hispanic women, and  unemployment rose.
• Prince - Sign O The Times Trailer YouTube
• Grandmaster Flash The Message HQ - YouTube

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Families changed drastically during these years. 
The 80s continued the trends of the 60s and 70s -
more divorces, more unmarried's living together,
more single parent families.  The two-earner
family was even more common than in previous
decades, more women earned college and advanced
degrees, married, and had fewer children.
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