Posts filed under “Video”

Krugman: “We Are Socializing American Finance”

Paul Krugman, an economics professor at Princeton University, talks about the U.S. government’s move to cleanse banks of troubled assets and halt an exodus of investors from money markets and the outlook for the U.S. financial-services industry and economy


click for video
Krugman_bloomberg

00:00 "Socialization" of U.S. financial system
01:51 Bailout’s justification; "inevitable" rescue
04:13 The outlook for U.S. banks is "not clear."
05:02 "Weakening" economy into next year
Running time 05:57

Source:
Krugman Sees `Socialization’ of U.S. Financial System: Video
Bloomberg, September 19, 2008 17:53 EDT
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aBeeO5ZX3T_w

Category: Bailouts, Taxes and Policy, Video

AIG, This Week’s Technical Call

Technicals, AIG, Markets, Tuesday at Yahoo Tech Ticker

Category: Markets, Technical Analysis, Trading, Video

The CNBC Octagon

The Economy & You – Wall Street Collapse: Jon figures the Wall Street collapse won’t hurt you, assuming you fit into one of a few broad archetypes.

Awesome:

Category: Bailouts, Markets, Video

Dylan Ratigan: S&P Needs to Take Responsibilty

Holy snikes!

Dylan Ratigan goes postal on Jay Dhru, head of financial institutions ratings at Standard & Poor’s, on the recent downgrades in the financial sector.

When CNBC calls out the guys who are in part responsible for this mess, it is delicious television, and wonderful journalism.

Its a shame there aren’t more moments like this:

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Sp_head_on_downgrades

Can you imagine what the producers were screaming in Ratigan’s ear during the Interview?

At one point he presses his question and then says he’ll shut up. The way Maria signed off suggests the Producers were screaming at him–then gave him a time out. Just look at his expression as they close out the interview — that’s how a 6-year-old looks when they get caught with their hand in the cookie jar! I guess only Cramer gets to go postal on the network.

The lessons here simple: Don’t rate garbage Triple A, and don’t piss off Dylan Ratigan!

Category: Credit, Video

Clueless Fund Manager of the Day: Blaming Short Sellers

Wow, this guy Christopher Ailman is utterly clueless.  I don’t usually say things like this, but "Way to keep your eye on ball, genius!"

I don’t have much of a problem with the uptick rule — its pointless, and is easily worked around by hedge funds — but i can take it or leave. And, I agree that rules against naked short-selling — already illegal — should be enforced.

But if you think the current economic, credit and financial problems are caused by shorting, you are simply a smoking too much dope. (Don’t do drugs, or you will end up a brain-dead piece of lawn furniture).

Idiots . . .

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Curbing Short Sellers
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Pederasts_against_short_selling

One of the nation’s top pension funds taking aim at short sellers,  with Christopher Ailman, CalSTRS CIO and CNBC’s Maria Bartiromo.

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To review, it wasn’t the excess leverage, or the under-capitalization, or the lack of risk controls, or the bad investments in all of the real estate related paper, or the insolvency — it had nothing to do with the nonfeasance on the part of the Fed, and the SEC going AWOL — no, it was the short selling.

Financial punditry has reached new lows — and with Luskin and Ben Stein running around, that ain’t easy.

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Related:
This blame game is short on logic
Douglas Kass
FT,  August 21 2008 20:02
http://www.ft.com/cms/s/95ccac78-6fb1-11dd-986f-0000779fd18c.html

Web based PDF 

Category: Credit, Short Selling, Video

Professor Stiglitz’ on “Financial Alchemy”

Professor Stiglitz’ explanation of the
"financial alchemy" responsible for the collapse of Lehman Brothers: "The Fall of Lehman Brothers"

Professor Stiglitz then addressed the question of whether Lehman’s executives should have to answer for their decisions:  "Should We Hold Lehman’s Executives Accountable?"

Stiglitz also looked beyond the headlines, drawing attention to the less visible factors influencing America’s economy: "How Foreign Governments are Buying America"



See also:
How to prevent the next Wall Street crisis   
Joseph E. Stiglitz
9:19 a.m. EDT, Wed September 17, 2008
http://www.cnn.com/2008/POLITICS/09/17/stiglitz.crisis/index.html

Category: Bailouts, Economy, Video

Professor Stiglitz’ on “Financial Alchemy”

Professor Stiglitz’ explanation of the
"financial alchemy" responsible for the collapse of Lehman Brothers: "The Fall of Lehman Brothers"

Professor Stiglitz then addressed the question of whether Lehman’s executives should have to answer for their decisions:  "Should We Hold Lehman’s Executives Accountable?"

Stiglitz also looked beyond the headlines, drawing attention to the less visible factors influencing America’s economy: "How Foreign Governments are Buying America"

Category: Bailouts, Economy, Video

Wingnuttery on CNBC

Wow, I am amazed that Michelle Caruso Cabrera would trot out this old, discredited, wingnut meme in the middle of the day.

This is probably the single worst moment of Journalism I have seen on CNBC — simply pathetic:

Category: Politics, Real Estate, Really, really bad calls, Video

Jesse Eisinger on Deregulation and Credit Crisis

Both John McCain and Barack Obama responded quickly to the turn of events on Wall Street this week. Early Monday, McCain said “the fundamentals of our economy are strong” but are threatened by greed on Wall Street. He released a new ad saying “our economy is in crisis” and that “only proven reformers McCain and Palin can fix it.” 

On Monday, Obama attributed the crisis to lax regulation, which he linked to President Bush and McCain.
Today, the Obama campaign released a new ad attacking McCain’s assertion that the economy is strong. “How can John McCain fix our economy if he doesn’t understand it’s broken?” the ad asks. 

 

Category: Credit, Taxes and Policy, Video

Whitney: Wall Street’s Future headaches

Weighing in on Bank of America’s latest deal and the future of Wall Street, with Meredith Whitney, Oppenheimer & Co.


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whitney

 

Category: Corporate Management, Credit, Derivatives, Video