I haven’t seen this yet, but some people have call this a “great documentary” that explains the FINANCIAL MELTDOWN.
Part I
Parts II, III and IV after the jump
Part II
Part III
Part IV
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries." -Bill Gross
Signs continue that European markets are getting tired. The Spanish and Italian stock markets, big beneficiaries of the sharp decline in their bond yields over the past few months are falling to the lowest since Feb 1. The European bank index is at a 1 1/2 week low after earnings reports from Commerzbank and Credit Ag (RBS bouncing although reporting weaker than expected earnings) were disappointing. This market action is in spite of the German IFO business confidence figure which rose to a 7 month high coming in a touch above expectations and Italian consumer confidence which bounced more than...
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September 24th, 2011 at 2:57 pm
Barry! Just three letters! WTF is this whitewashing crap! What the heck happened? Massive fraud and abuse on EWall Street on average Joe aka the sucker!
PS AG the too long too long biatch! What a joke!
September 24th, 2011 at 3:04 pm
Btw. Moz Watching porn and eating donuts?! WTF?!zilo be in jail as Barnie the ponzi!IMHO SEC stinks with popo and should be abolished! What do day do all the long? Who’s paying for the “job well done”? The tax payer for God’s sake! There is a limit of stupidity FGS!
September 24th, 2011 at 3:14 pm
PS Opss! Sorry for the typos! I am “reseting my brain with bottles of good French wines ” for the next week while doing due due diligence of past week news, etc….
PS 2 Mozzilo is F BTCH! Should end up in F JAIL for years for what he has done!!!
September 24th, 2011 at 3:23 pm
PS 2 OH BOY! WE ARE TOTALLY FCKD! bEATRIX, eLIZABETH AND POPE MUST BE LAUGHING TO THE BANK if you know what I am mean!
Have a nice weekend Barry!
September 24th, 2011 at 3:32 pm
PS 3 DEREGULATION! WTBFI! No more glass-steagall, tearing down Chinese walls! Revolving doors, etc… WOW! What a F good idea!
September 24th, 2011 at 3:36 pm
PS 4 ISLAND BItCH! The dumb f–s!
September 24th, 2011 at 3:39 pm
PS 5 Can I puke?!
September 24th, 2011 at 3:43 pm
PS6 OMG Dubai! the sinking islands!
September 24th, 2011 at 3:50 pm
PS 7 Ohh Boy! Hank the BAZOOKA!
September 24th, 2011 at 3:58 pm
PS 8 Ohh Boy! MER the Gasparino “threats”!
September 24th, 2011 at 4:03 pm
PS 9 Nice with-wash what really happend between 05-08! It is not French fault, they are just dumb!!!
September 24th, 2011 at 4:05 pm
PS 10 Mark-to-Myth BTZ!
September 24th, 2011 at 4:05 pm
40 minutes in….
The real problem I’m having with this piece is that this a Readers Digest/tabloid/tell-all potboiler of what regular readers of this blog have already seen from behind and underneath the scaffolding as it was going up and coming down. Not that is inaccurate, but it adds nothing to at least my understanding and in my gearhead view, teaches nothing beyond that a lot of greedy people did some bad stuff because of what they could get away with. There is so much more to really understanding this.
And after all, how ya gonna prevent the next instance until you really understand the last one.
September 24th, 2011 at 4:19 pm
Joe ! In two years time from now, everything that happened between 05-08 was due too “unicorns sh!ting in the sky, nobody will remember anything what really occurred in that time! Sorry for the “French”!
September 24th, 2011 at 4:21 pm
PS 11 OMG! SORKIN! … is full of ……
September 24th, 2011 at 4:29 pm
PS 12 Lagarde’s entourage: “When la merde hits the fan, it comes like fighter planes: in a squadron! She was so spot on!!!!
September 24th, 2011 at 4:32 pm
PS 13 Hey! Ruthlessness is no 1 in the biz!
September 24th, 2011 at 4:34 pm
PS 13 a Aways learn from Wall Street best!
September 24th, 2011 at 4:40 pm
PS 14 Hey Gasparino the psycho! So you’re saying MER is after you! What have you been smoking lately man!
September 24th, 2011 at 4:44 pm
Ok! here comes part II! Third bottle opened! BSC TYPO BTCH!
September 24th, 2011 at 4:49 pm
when I get to part III, I think I’ll become blind!
September 24th, 2011 at 4:53 pm
105 BTCHs!
September 24th, 2011 at 4:56 pm
Dubyah BTCHs!
September 24th, 2011 at 5:01 pm
Exposure BTCHs!
September 24th, 2011 at 5:09 pm
Cassano and Hank Greenberg BTCHs!
September 24th, 2011 at 5:10 pm
The Pelosi-Bernank BTCHs!
September 24th, 2011 at 5:17 pm
Foreclosure-No insurance- California-Enron-Terminator BTCHs!
September 24th, 2011 at 5:27 pm
Barosso @Co and the rest of the Circus BTCHS!
September 24th, 2011 at 5:33 pm
Islander Suckers BTCHs!
September 24th, 2011 at 5:38 pm
PS whatever … Island-Al Qaeda (the Taliban data base)- OSS ama Bin Laden BTCHs!
September 24th, 2011 at 5:43 pm
Mercedes, minus 4k workers, minus the leverage multiplied by 1000! 08 FUBAR BTCHs!
September 24th, 2011 at 5:55 pm
322 Tien an men BTCHS.
September 24th, 2011 at 5:55 pm
PART III. Premier Grand Cru Classé B BTCHs! Calss A for part four btchs!
September 24th, 2011 at 6:00 pm
French workers fighting against thieves and lairs …. that is against Congress in WA.DC! Btchs! – the world coming to an end!
September 24th, 2011 at 6:04 pm
Liberté, égalité, fraternité, blah, blah, blah … Btchs!
September 24th, 2011 at 6:17 pm
“monkeys”, mattress and sandwiches btchs! It’s 00:14 my time. I’ll finish part III &IV tomorrow. have a nice weekend all.
To be continued at ZH …..
PS 15-30 What a joke BTCHs!
September 24th, 2011 at 6:57 pm
In part 1, Dick Fuld is described as “the most ruthless man in the United States”. Maybe that’s a bit over the top.
September 24th, 2011 at 10:15 pm
Is anyone thinking that Helicopter Ben may fail to find his way back to this blog?
September 24th, 2011 at 11:32 pm
While the show only recapped what we already know, I found it interesting to put it all into perspective.
And someone shut up HelicopterBen and his PS’s.
September 25th, 2011 at 2:02 am
LOL boveri .. ya I can’t seem to do more than 3 without getting the “in moderation” (& seems 6 in a day)
…
maybe its really him ? (knows the overide code) ? while watching the movie over the demonstrations today down on WS from his favorite chopper pad :-| Ben had to join in the fun someway :-)
http://edition.cnn.com/2011/09/25/health/wall-street-protests/
September 25th, 2011 at 10:21 am
Barry. Sorry for for the mess in the comment section. I went a “little” bit off the track yesterday. Let say, a combination of information overload , good French wines, and from what I read above inexcusable stupidity. Too be frank, I have no idea what came into me yesterday!
Big thanks for posting the videos. A very insightful stuff, what really was going on in the economy as well politics at that time.
Once again shame on me and I wish you, jrm, boveri, mastergpat, Greg0658 nice sunny Sunday.
@boveri Yes, I’d like to ask Barry to delete my account. Never the less, I am erasing login as well password from my data base. That was last entry.
September 25th, 2011 at 10:58 am
The fallout of a midair collision between alchohol and the Internet. Whew!!! Thought that might be pieces of that satellite coming down!!!
September 25th, 2011 at 11:58 am
@HelicopterBen
Glad to see your off the sauce and back on your meds ;-)
Don’t leave dude. You may feel embarrassed, but the whole thing is a gestalt of how many of us feel.
BTW, what wine were you drinking?
September 26th, 2011 at 1:08 pm
The Trust of the Ignorant is the Liar’s most Powerful Tool!
We are living in the age of Unreason. Arguing for one purpose and one purpose only – to win. Governments world wide are only listening to the corporate persons. Spinning observed reality to control the masses. Control fraud permeates all institutions who artfully and fraudulently use the fiction of accounting to steal from the consumer / taxpayers – who blindly and ignorantly “TRUST” a global racketeering scheme to use the people to gain personal wealth and power.
The real job creators were the consumers – and their ability to consume has been destroyed by the greed and corruption of the government’s sponsored and unregulated – criminal activity – in the global market place. Stealing from and taxing the poor to gain power and money.
What’s wrong could be fixed but those with the money and the power are just like Joe Six Pack – they really don’t care. The system of corruption and control fraud is working for them -why would they care?