The Cosimo book Plunder: Investigating Our Economic Calamity and the Subprime Scandal, by Danny Schechter, is now a movie. In the hard-hitting Plunder: The Crime of Our Time:

Schechter… [t]he “News Dissector” explores how the financial crisis was built on a foundation of criminal activity uncovering the connection between the collapse of the housing market and the economic catastrophe that followed. To tell this story Schechter speaks with bankers involved in these activities, respected economists, insider experts, top journalists including Paul Krugman, and even a convicted white-collar criminal, Sam Antar, who blows the whistle on intentionally dishonest practices.

(Visit Schechter’s blog News Dissector for ongoing coverage of the financial crisis.)

Schechter discusses Plunder, and specifically how this issue is not a business story but a crime story:

About the film, the Wall Street Journal blog Deal Journal says:

[T]he movie promises to serve up some interesting footage: The film begins with protestors outside Morgan Stanley Chairman John Mack’s Connecticut house. Schecter also has interviews with former Bear Stearns bankers and one of the executives indicted in the Crazy Eddie accounting fraud case from the 1980s.

Schecter insists he is no Michael Moore. For one, Moore has backing from Hollywood and Schecter is on a shoe-string budget. Also, Schecter says he isn’t indicting capitalism, as Moore did in his most recent film. “It is the system we live under,’’ Schecter said. “The question is: is it working? No, it is not. Why? Because people are scamming the system.”