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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.

Category: Bailouts, Credit, Derivatives, Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

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

  1. ronin says:

    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:

    “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:

    I think Pam Martens should lead a swat team into Congress and Wall Street.
    http://www.counterpunch.org/martens01062009.html