WSJ Video: End of Wall Street
By Barry Ritholtz - January 6th, 2009, 8:00AM
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Excellent 3 part video series from the WSJ about the end of the modern era of American Investment Banking.
You can stream all three parts here: End of Wall Street
There are some errors of emphasis — the usual wrong-headed over-emphasis on Fannie/Freddie, the discussion on Clinton/Bush desire for expanding home ownership, as if that itself caused the problem — but overall, it is informative and watchable.
January 6th, 2009 at 10:50 am
Very entertaining–great sensationalism!
I’ll bet people like Nouriel Roubini, Peter Schiff, Lew Rockwell, dare I say on this site, Ron Paul watch this stuff and just scoff, “Freak’n morons!”
I know I do….
January 6th, 2009 at 11:20 pm
“the usual wrong-headed over-emphasis on Fannie/Freddie, the discussion on Clinton/Bush desire for expanding home ownership”
BR blames “nonfeasance” (among other things) instead of political housing goals. But perhaps the two are related: the political desire for higher home ownership encouraged a lack of the regulatory oversight. Why would politicians demand to investigate why home ownership was rising when they could pat themselves on the back instead?
January 7th, 2009 at 12:45 am
I think Pam Martens should lead a swat team into Congress and Wall Street.
http://www.counterpunch.org/martens01062009.html