Comments on: Frontline: The Warning (full episode) http://www.ritholtz.com/blog/2009/10/frontline-the-warning/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 16:48:23 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Who believes market efficiency? « Rortybomb http://www.ritholtz.com/blog/2009/10/frontline-the-warning/comment-page-1/#comment-232301 Who believes market efficiency? « Rortybomb Thu, 05 Nov 2009 19:05:38 +0000 http://www.ritholtz.com/blog/?p=41782#comment-232301 [...] the way, there’s an excellent Frontline episode about this clusterfuck that is worth your time. My favorite is the gendered language here: “I [...] [...] the way, there’s an excellent Frontline episode about this clusterfuck that is worth your time. My favorite is the gendered language here: “I [...]

]]> By: The King Report: Brooksley Born vs Summers, Greenspan & Rubin | The Big Picture http://www.ritholtz.com/blog/2009/10/frontline-the-warning/comment-page-1/#comment-231650 The King Report: Brooksley Born vs Summers, Greenspan & Rubin | The Big Picture Tue, 03 Nov 2009 13:31:07 +0000 http://www.ritholtz.com/blog/?p=41782#comment-231650 [...] week, PBS “Frontline” produced a story that describes how Bob Rubin, Easy Al, Larry Summers and others prevented [...] [...] week, PBS “Frontline” produced a story that describes how Bob Rubin, Easy Al, Larry Summers and others prevented [...]

]]> By: nroheneg http://www.ritholtz.com/blog/2009/10/frontline-the-warning/comment-page-1/#comment-230016 nroheneg Tue, 27 Oct 2009 20:23:03 +0000 http://www.ritholtz.com/blog/?p=41782#comment-230016 Mamy thanks to Frontline for an solid reporting job on the history and Born. While Born is right about derivatives needing to be regulated, there is no evidence that this would have or will solve the problem. The dilemma is that the latest financial crises resulted from many problems: 1. Government regulators who did not investigate or regulate. 2. Auditors who did not audit. 3. Wall Streeters who succumbed to risk, leverage and greed. 4. Stock analysts who did not analyze. 5. Credit rating agencies who did not rate. 5. Consumers who did not save. 6. Consumers who speculated on real estate. 7. Politicians who listened to lobbyists. 8. Politicians who insisted everyone should own a house. 9. Real estate appraisers, mortgage underwriters and brokers who rode the wave. 10. Government advisers who knew it all. The real question is where do we start. My suggestion is that we start with the politicians. Mamy thanks to Frontline for an solid reporting job on the history and Born.

While Born is right about derivatives needing to be regulated, there is no evidence that this would have or will solve the problem.

The dilemma is that the latest financial crises resulted from many problems:

1. Government regulators who did not investigate or regulate.
2. Auditors who did not audit.
3. Wall Streeters who succumbed to risk, leverage and greed.
4. Stock analysts who did not analyze.
5. Credit rating agencies who did not rate.
5. Consumers who did not save.
6. Consumers who speculated on real estate.
7. Politicians who listened to lobbyists.
8. Politicians who insisted everyone should own a house.
9. Real estate appraisers, mortgage underwriters and brokers who rode the wave.
10. Government advisers who knew it all.

The real question is where do we start. My suggestion is that we start with the politicians.

]]> By: Executive Compensation: The Best Halloween Costume - CBS MoneyWatch.com http://www.ritholtz.com/blog/2009/10/frontline-the-warning/comment-page-1/#comment-229488 Executive Compensation: The Best Halloween Costume - CBS MoneyWatch.com Mon, 26 Oct 2009 14:01:41 +0000 http://www.ritholtz.com/blog/?p=41782#comment-229488 [...] compensation by a long shot when it comes to needed reform. You’ll see how our heroine, Brooksley Born is shut down by the evil trio of Robert Rubin, Larry Summers and Alan Greenspan. Then there’s [...] [...] compensation by a long shot when it comes to needed reform. You’ll see how our heroine, Brooksley Born is shut down by the evil trio of Robert Rubin, Larry Summers and Alan Greenspan. Then there’s [...]

]]> By: Moss http://www.ritholtz.com/blog/2009/10/frontline-the-warning/comment-page-1/#comment-228355 Moss Thu, 22 Oct 2009 11:26:19 +0000 http://www.ritholtz.com/blog/?p=41782#comment-228355 I wonder who the 12 bankers were... Who were the CEO's of the TBTF at the time. They are the real culprits. I wonder who the 12 bankers were…

Who were the CEO’s of the TBTF at the time. They are the real culprits.

]]> By: holulu http://www.ritholtz.com/blog/2009/10/frontline-the-warning/comment-page-1/#comment-228324 holulu Thu, 22 Oct 2009 03:54:14 +0000 http://www.ritholtz.com/blog/?p=41782#comment-228324 Did you notice when Mrs. Born was asked about what Greenspan told her, she declined to answer and said " I do not want to talk about it". What did that weasel told her? Did you notice when Mrs. Born was asked about what Greenspan told her, she declined to answer and said ” I do not want to talk about it”. What did that weasel told her?

]]> By: davossherman@gmail.com http://www.ritholtz.com/blog/2009/10/frontline-the-warning/comment-page-1/#comment-228321 davossherman@gmail.com Thu, 22 Oct 2009 03:21:13 +0000 http://www.ritholtz.com/blog/?p=41782#comment-228321 Great piece. Summers, Geithner, Bernanke, Rubin, Greenspan. Utter and absolute morons - forget resignations. Try then for treason!!!!!!!!!!!! Great piece.

Summers, Geithner, Bernanke, Rubin, Greenspan.

Utter and absolute morons – forget resignations. Try then for treason!!!!!!!!!!!!

]]> By: Through the Looking Glass http://www.ritholtz.com/blog/2009/10/frontline-the-warning/comment-page-1/#comment-228317 Through the Looking Glass Thu, 22 Oct 2009 03:00:39 +0000 http://www.ritholtz.com/blog/?p=41782#comment-228317 This is good news. Now we are getting down to the nitty gritty. That nauseating feeling that the US government is a branch of the financial heirarcy has been overcoming me lately. It will be good to see the who sewed the seeds of this mess we used to be proud of. We must first reshuffle the deck by firing those that screwed up the worlds economy , they must go. My call to all is : Fire The"BEST AND BRIGHTEST" Now!" This is good news. Now we are getting down to the nitty gritty. That nauseating feeling that the US government is a branch of the financial heirarcy has been overcoming me lately. It will be good to see the who sewed the seeds of this mess we used to be proud of.
We must first reshuffle the deck by firing those that screwed up the worlds economy , they must go.

My call to all is : Fire The”BEST AND BRIGHTEST” Now!”

]]> By: AndrewBW http://www.ritholtz.com/blog/2009/10/frontline-the-warning/comment-page-1/#comment-228315 AndrewBW Thu, 22 Oct 2009 02:12:24 +0000 http://www.ritholtz.com/blog/?p=41782#comment-228315 Memo to Larry Summers: I want your resignation on my desk by 9 a.m. Memo to Larry Summers: I want your resignation on my desk by 9 a.m.

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