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	<title>Comments on: Short selling hedge funds and the global economic meltdown</title>
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		<title>By: JWCrowell</title>
		<link>http://antisocialmedia.net/short-selling-hedge-funds-and-the-global-economic-meltdown/comment-page-1/#comment-76730</link>
		<dc:creator>JWCrowell</dc:creator>
		<pubDate>Mon, 08 Jun 2009 19:20:12 +0000</pubDate>
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		<description>Judd,

Wow - really well thought out and researched!

The financial meltdown is something I still can&#039;t quite get my head all the way around, and one of my majors was Finance - it&#039;s like a huge spiderweb that someone disassembled and no one&#039;s exactly sure what strands went where (or at least no one claims to)

A couple of things come to mind:

Jon Stewart&#039;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&#039;m sure you have concluded - I&#039;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&#039;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&#039;s been left behind

Krugman also has a really good &quot;letter to Obama&quot; 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&#039;m looking forward to Michael Moore&#039;s upcoming movie, and I hope it gives your book some good exposure

Good luck with the book, and I&#039;ll look forward to reading it

- Jon Crowell</description>
		<content:encoded><![CDATA[<p>Judd,</p>
<p>Wow &#8211; really well thought out and researched!</p>
<p>The financial meltdown is something I still can&#8217;t quite get my head all the way around, and one of my majors was Finance &#8211; it&#8217;s like a huge spiderweb that someone disassembled and no one&#8217;s exactly sure what strands went where (or at least no one claims to)</p>
<p>A couple of things come to mind:</p>
<p>Jon Stewart&#8217;s interview with Jim Cramer &#8211; 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&#8230; the media played a big part in the financial meltdown, as I&#8217;m sure you have concluded &#8211; I&#8217;m guessing you saw it, but if not, you can find it at comedycentral.com</p>
<p>Also, Paul Krugman comes to mind &#8211; 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</p>
<p>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&#8217;s approach is the correct one &#8230; not that economics is an exact science, but there has to be more than just ONE way to fix the mess that&#8217;s been left behind</p>
<p>Krugman also has a really good &#8220;letter to Obama&#8221; in Rolling Stone (January issue, I think), about his advice on fixing things</p>
<p>Again, nice job and well-done explanation &#8211; it brought back flashbacks of our AP Econ course at Skyline!</p>
<p>I&#8217;m looking forward to Michael Moore&#8217;s upcoming movie, and I hope it gives your book some good exposure</p>
<p>Good luck with the book, and I&#8217;ll look forward to reading it</p>
<p>- Jon Crowell</p>
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