The Guardian is live blogging the protesting in the Old Empire. Sounds like fun!
G20 summit and protests: live blog [The Guardian]
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Showing posts with label People Freaking Out. Show all posts
Showing posts with label People Freaking Out. Show all posts
Wednesday, April 1, 2009
Tuesday, March 17, 2009
Links 3/17/2009
Soap box, Chuck Grassley edition [Dealbreaker]
They have banks like this in Nebraska [Dealbreaker]
AIG. Bad news, all the time [Zero Hedge] Sphere: Related Content
They have banks like this in Nebraska [Dealbreaker]
AIG. Bad news, all the time [Zero Hedge] Sphere: Related Content
Monday, March 16, 2009
I'll Have a Cheeseburger with Coke and OH, a Credit Default Derivative on Lehman Brothers Bonds
I didn't do much reading over the weekend so when I read this morning that AIG put out the list of its counterparties for its Credit Default Swaps, I thought (being a former auditor), "Oh, that seems reasonable."
What I didn't expect was that people (including some in the Obama Administration) are upset that many of the recipients of the funds are, gasp, other banks!
Now wait a tick, I'm not the smartest guy in the world but I don't think the likes of Joe the Plumber and the local pipe-fitters union are sophisticated enough to be in the market for CDS's. Just sayin... Sphere: Related Content
What I didn't expect was that people (including some in the Obama Administration) are upset that many of the recipients of the funds are, gasp, other banks!
Now wait a tick, I'm not the smartest guy in the world but I don't think the likes of Joe the Plumber and the local pipe-fitters union are sophisticated enough to be in the market for CDS's. Just sayin... Sphere: Related Content
Friday, March 13, 2009
Cramer v. Stewart
A lot is being made of the faceoff beatdown that occurred on the Daily Show last night. I don't really know what to make of it because I don't have TV but the best indication of what we (i.e. anyone who's paying attention to this type of stuff) was posted at Daily Intel by Chris Smith. Whole thing here. This excerpt hits the nail:
But what Cramer and CNBC do will always be showbiz, to a large extent. What Stewart did last night was very, very important. Not so much because he voiced — articulately, backed by evidence, and with real feeling — the rage of millions. It was important because Stewart reminded journalists of the standards they're supposed to live up to: to call bullshit, no matter the trouble it may cause them professionally. Reporters are generally compromised already, to some degree, but the conflicts will only get worse as job security in the mainstream media continues to evaporate. It's going to take more courage to fight The Man, but it has never been more important. Some bloggers are stepping into the void already, to be sure. But Stewart showed last night that there's no substitute for having a big, well-funded megaphone. (Emphasis mine)
I think most would agree that this even goes back to the pre-Iraq war days in 2002-early 2003. Journalists knew that the war was going to be waged on false pretenses and they did nothing. Now most of them regret not speaking up.
No different here.
If the "experts" at CNBC actually knew what they should have known, they sure as hell didn't tell anyone (which is incidentally, their job) and if they didn't know, then their comptenency is nil and they should all be fired.
They could have done anything to have gotten the warning out into the mainstream media and it didn't happen. Who knows if it would have done any good anyway (see above). Bottom line is that everyone needs to start questioning anyone or anything on their TV more and exploring more alternative forms of information to find out what's going on out there because, apparently, it's pretty not good. Sphere: Related Content
But what Cramer and CNBC do will always be showbiz, to a large extent. What Stewart did last night was very, very important. Not so much because he voiced — articulately, backed by evidence, and with real feeling — the rage of millions. It was important because Stewart reminded journalists of the standards they're supposed to live up to: to call bullshit, no matter the trouble it may cause them professionally. Reporters are generally compromised already, to some degree, but the conflicts will only get worse as job security in the mainstream media continues to evaporate. It's going to take more courage to fight The Man, but it has never been more important. Some bloggers are stepping into the void already, to be sure. But Stewart showed last night that there's no substitute for having a big, well-funded megaphone. (Emphasis mine)
I think most would agree that this even goes back to the pre-Iraq war days in 2002-early 2003. Journalists knew that the war was going to be waged on false pretenses and they did nothing. Now most of them regret not speaking up.
No different here.
If the "experts" at CNBC actually knew what they should have known, they sure as hell didn't tell anyone (which is incidentally, their job) and if they didn't know, then their comptenency is nil and they should all be fired.
They could have done anything to have gotten the warning out into the mainstream media and it didn't happen. Who knows if it would have done any good anyway (see above). Bottom line is that everyone needs to start questioning anyone or anything on their TV more and exploring more alternative forms of information to find out what's going on out there because, apparently, it's pretty not good. Sphere: Related Content
Tuesday, February 24, 2009
Who's freaking out?
Highlights, courtesy of New York Magazine's Daily Intel.
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