The Big Picture - Macro Perspective on the Capital Markets, Economy, Technology, and Digital Media

5 Responses to “PBS: Inside the Meltdown”

1. VennData Says:
   April 19th, 2009 at 5:13 pm

   Nice link.. but what I want to know is who… Who is the source of all these unsigned, unsupported, un-attributed right wing emails that are so full of it?

   Where do they come from. What scum ball anonomizer is shreading the source and allowing these lies out?

   These things are just way, way out of control.

2. Tyler K Says:
   April 19th, 2009 at 9:35 pm

   In general, this episode (like most from Frontline) is nicely put together. However, I was somewhat disappointed with it — in particular, it presented Paulson in all too favourable terms … almost to the point of trying to evoke sympathy for him. Second, from memory (as I watched this in Feb), I would have appreciated less clips of the likes of B.Frank/Dodd/etc. doing their “Hoocodanode” routines. Lastly, there were a few nagging inaccuracies — e.g. Northern Rock happened well before the Sept/Oct ‘08 volatility, but it was presented as if contagion only began at that particular point in time.

3. gamingthemarket Says:
   April 20th, 2009 at 4:23 am

   These are shill journalism puff pieces hero worshiping the architects of financial Armageddon.

   They humanize deceit and try to paint collusion as incompetence. They want the public to mistake strategy for incompetence. None of this is accidental. It has been planned for years. This crash was engineered and won’t end until it’s end game time. The end game is a new global banking monopoly.

   Our Engineered Meltdown: End of the Beginning
   http://www.gamingthemarket.com/2009/03/end-of-the-beginning.html

4. Mark E Hoffer Says:
   April 20th, 2009 at 7:22 am

   Simon Johnson, former Chief Economist at the IMF and current professor at MIT’s Sloan School of Management identifies The Root Cause:

   “The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government…recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time.” (emphasis added)
   http://mitsloan.mit.edu/newsroom/video-johnson.php

   additional timber for the construction: MIT is not Hartford.

   and, more seriously, to all of those apologists running around with the toss-off: “Who else could fix it?”
   try: http://www.iie.com/staff/mediaguide.cfm for starters..

5. vaughn Says:
   April 20th, 2009 at 6:52 pm

   “They humanize deceit and try to paint collusion as incompetence. They want the public to mistake strategy for incompetence. None of this is accidental. It has been planned for years. This crash was engineered”

   nice post. almost completely agree, excepting the “engineered crash” part.
   I think there was general indifference as to whether a crash occurred or not. sociopaths are like that.