PBS Frontline: Money, Power, & Wall Street
- Thread starter 2Quik4UHoes
- Start date
Pool_Shark
Can’t move with me in this digital space
props! Will watch after work do you have a description for this?
Nah, I jacked it from sohh.
livindajetlife
Superstar
Haha straight up
OfTheCross
Veteran
Got damn. Great program so far.
I can't wait to finish it.
Dat lack of regulation doomed us
OfTheCross
Veteran
?
OfTheCross
Veteran
Watching part 2 right now:
fukk THEM.
The ultimate frustration comes from the fact that there were no actual consequences to anyone except Lehman. None of the people involved or institutions saw any real consequences.
Bear Stearns gets bailed out.
Every one else is reminded of Moral Hazard as the Presidential Race heats up
Barack Obama gives a speech to Wall Street about regulating them
Wall Street hits him with the
Bush says he's not an Economist. He's an Optimist.
Lehman craps out
...
From that point on we all remember the shyt hitting the fan.
Every one else is reminded of Moral Hazard as the Presidential Race heats up
Barack Obama gives a speech to Wall Street about regulating them
Wall Street hits him with the
Bush says he's not an Economist. He's an Optimist.
Lehman craps out
...From that point on we all remember the shyt hitting the fan.
This is the point where I get really annoyed. They let Lehman die. But then bail out the subsequent firms.
I'm angry just thinking about it.
We needed that reset.
The market is such trash, though.
I'm angry just thinking about it.
We needed that reset.
The market is such trash, though.
- They lobby to get laws passed to their benefits.
- These laws let them get to the point where they were Too Big To Fail.
- The gov't saves Bear Stearns because of this.
- The market thinks it's the shyt and keeps struggling along.
- The Feds don't bail out Lehman, and suddenly the market wants government interjection.
fukk THEM.
The ultimate frustration comes from the fact that there were no actual consequences to anyone except Lehman. None of the people involved or institutions saw any real consequences.
OfTheCross
Veteran
Part 3 goes into the politics of it all.
It includes the moment I lost 'hope' for Obama
I really believed he could'a been a game changer.
Til he hired Geitner and Summers
It includes the moment I lost 'hope' for Obama
I really believed he could'a been a game changer.
Til he hired Geitner and Summers
Wait, I know the banks almost caused the economic crisis but you telling me the cause of all that, was nikkas not wanting to be business men so they cheated the system to reduced risk? I thought business was all about taking risks and profiting off it.
OfTheCross
Veteran
Who's saying that?
Side note: I finished watching part 3 and Summers was actually against Gaietner in his ideas to revive the markets.
When they were talking credit default swaps, unless I heard incorrectly