Short selling hedge funds and the global economic meltdown
This video is based in large part on my University of Texas presentation, but modified for mass audiences. It’s shorter and sticks to the financial side of things. More than anything, it’s meant to be distributed broadly. Watch it, and if you dig it, please spread it around.
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JWCrowell wrote:
Judd,
Wow – really well thought out and researched!
The financial meltdown is something I still can’t quite get my head all the way around, and one of my majors was Finance – it’s like a huge spiderweb that someone disassembled and no one’s exactly sure what strands went where (or at least no one claims to)
A couple of things come to mind:
Jon Stewart’s interview with Jim Cramer – he calls Cramer out for being an insider, and artificially boosting investor confidence by presenting an ersatz version of market realities while having a true grasp on actual market realities… the media played a big part in the financial meltdown, as I’m sure you have concluded – I’m guessing you saw it, but if not, you can find it at comedycentral.com
Also, Paul Krugman comes to mind – I read a recent article wherein he lays out his evidence for placing the blame for this financial collapse on Reagan and his administration, for their approach of heavy market deregulation
I like Krugman, and I like Obama, but Obama, rather than listening to the expertise of economists like Krugman, seems to be dead set on convincing Krugman that Geithner’s approach is the correct one … not that economics is an exact science, but there has to be more than just ONE way to fix the mess that’s been left behind
Krugman also has a really good “letter to Obama” in Rolling Stone (January issue, I think), about his advice on fixing things
Again, nice job and well-done explanation – it brought back flashbacks of our AP Econ course at Skyline!
I’m looking forward to Michael Moore’s upcoming movie, and I hope it gives your book some good exposure
Good luck with the book, and I’ll look forward to reading it
- Jon Crowell
Posted 08 Jun 2009 at 3:20 pm ¶