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WSJ Video: End of Wall Street

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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.

PERMALINK

3 Responses to “WSJ Video: End of Wall Street”

  1. ronin Says:
    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….

  2. Its_Science Says:
    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?

  3. AGG Says:
    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