Michael Moore’s Capitalism- a love story is a documentary film about how corporations exploited the public for their own interests on the name of capitalism and its impact on economy. According to him, capitalism, far from being a system that rewards excellence, has turned American society into some business entity that only cares about profit and says money is the only value. He has laid ills of American society that resulted from out of control free market system. Furthermore, he has revealed shocking truths and has presented reasonable arguments about the impact of Capitalism on the economy that eventually led society towards global and financial crisis. Hence, it becomes very important to understand this impact as this gave birth to many other financial and economic problems. In his film, Moore has emphasized on the problems that society faced when capitalism prevailed including job losses, home losses, dead peasant salary and foreclosures due to large scale scandals, reckless lending, real estate businesses that pushed the global economy to the edge of multi-year depression that threatened current and future generations. Among these issues, one was the VIP mortgage scandal. This scandal was the result of Capitalism. This scandal created enormous fire that eventually consumed the American economy. The film contains a clip of an interview of Robert Feinberg, the former countrywide VIP account executive, who acted as a whistleblower for the company. Countrywide was nation’s largest mortgage company between 1999 to 2006. The Countrywide’s VIP mortgage scandal was one of the biggest scandals in 2008. According to an article published in Housingwire, “The “Friends of Angelo” unit began operation in 1991 to process loans for Countrywide executives and their friends. It widened in January 1996 and operated through June 2008.”  Countrywide favored those who it thought might be worthwhile to the company. This group of borrowers included legislators, congressional staffers, lobbyists, and the other political leaders.

According to an article published in Washington Post,the securities and exchange commission charged Countrywide chief Angelo R. Mozilo with fraud and accused him of “illegality in connection with the financial crisis.” He took his Company to new heights, earning huge profits as the economy boomed, making loans to borrowers without checking their history, proof of income or employment. Prices of homes increased between 1982 and 2003, leading to an immense increase in Countrywide’s stock prices. Mozilo personally earned more than $400 million. Additionally, it was not just the mortgage fraud, countrywide was even accused by group of investors including New York Life insurance Co. for “massive fraud” by selling securities on a large scale and investors thought that they were buying conservative low-risk investments. “Angelo Mozilo got rich selling the American Dream. Then he became the face of America’s mortgage nightmare.” Robert Fienberg revealed in his interview with CNBC that most of the borrowers were aware of what they were get