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Edited on Sat Jun-11-11 03:05 PM by Brigid
It was Mel Brooks's first movie, made back in 1967. More recently, it was a Broadway musical. To make a long story short, a Broadway producer and an accountant hatch a scheme to make a killing by raising much more money than they would need to put on a show. The show, carefully chosen to be a sure-fire flop, is intended to close quickly, meaning that the backers wouldn't have to be paid off, and the two schemers keep the rest of the money the backers gave them.
Does any of this sound familiar? It should. It's how Wall Street works nowadays. The fat cats are not interested in investing in America and actually making anything anymore and making money that way; why should they be, when they can make much more money playing financial games -- derivatives and the like that no one else can even understand, let alone stop?
It should be noted that at the end of "The Producers" the show the two schemers put on succceeded, and they wound up in jail because they could not pay off the backers. I wonder when -- or if -- that part will ever happen in real life.
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