Go watch Frontline’s episode on “The Warning.”

By , on 23 October, 2009

It will piss you off to no end, but it is worth watching. It details the story of Brooksley Born who was the one person who foresaw the coming trouble in the financial markets due to the lack of regulation for Over the Counter Derivatives. When she tried to do something about it they shut . . . → Read More: Go watch Frontline’s episode on “The Warning.”

4 comments   Politics, Rants, Stupidity in Action   , , , , ,  

Rolling Stone’s Matt Taibbi on how fucked we are.

By , on 26 March, 2009

If you have problems with your blood pressure then you probably shouldn’t read Matt Taibbi’s essay for Rolling Stone magazine titled The Big Takeover. It’ll probably give you an aneurysm. It very nearly gave one to me:

In essence, Paulson and his cronies turned the federal government into one gigantic, half-opaque holding company, one whose . . . → Read More: Rolling Stone’s Matt Taibbi on how fucked we are.

7 comments   Politics   , , , ,  

This American Life: Bad Bank

By , on 2 March, 2009

Want to understand the whole banking crisis thing? Go listen to the most recent episode of This American Life:

The collapse of the banking system explained, in just 59 minutes. Our crack economics team—the guys who explained the mortgage crisis, Alex Blumberg and NPR’s Adam Davidson—are back to help all of us understand the news. . . . → Read More: This American Life: Bad Bank

6 comments   Economy, NPR Goodies   , ,