Comments on: PBS: Inside the Meltdown http://www.ritholtz.com/blog/2009/04/pbs-inside-the-meltdown/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sun, 21 Mar 2010 05:30:25 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: vaughn http://www.ritholtz.com/blog/2009/04/pbs-inside-the-meltdown/comment-page-1/#comment-163525 vaughn Mon, 20 Apr 2009 22:52:37 +0000 http://www.ritholtz.com/blog/?p=23898#comment-163525 "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. “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.

]]> By: Mark E Hoffer http://www.ritholtz.com/blog/2009/04/pbs-inside-the-meltdown/comment-page-1/#comment-163315 Mark E Hoffer Mon, 20 Apr 2009 11:22:19 +0000 http://www.ritholtz.com/blog/?p=23898#comment-163315 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.. 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..

]]> By: gamingthemarket http://www.ritholtz.com/blog/2009/04/pbs-inside-the-meltdown/comment-page-1/#comment-163310 gamingthemarket Mon, 20 Apr 2009 08:23:26 +0000 http://www.ritholtz.com/blog/?p=23898#comment-163310 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 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

]]> By: Tyler K http://www.ritholtz.com/blog/2009/04/pbs-inside-the-meltdown/comment-page-1/#comment-163294 Tyler K Mon, 20 Apr 2009 01:35:34 +0000 http://www.ritholtz.com/blog/?p=23898#comment-163294 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. 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.

]]> By: VennData http://www.ritholtz.com/blog/2009/04/pbs-inside-the-meltdown/comment-page-1/#comment-163259 VennData Sun, 19 Apr 2009 21:13:00 +0000 http://www.ritholtz.com/blog/?p=23898#comment-163259 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. 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.

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