Who saw the segment regarding subprime mortgages, the 'bailout' legislation and 'credit default swaps?'
60 Minutes 10-05-08
- Thread starter ByLoSellHi
- Start date
This American Life w/Ira Glass (podcast will be available for free online tomorrow).
http://www.thisamericanlife.org/
Look for the podcast of the show that originally aired Saturday (10-04-08).
It does a fantastic job of explaining the massive damage that credit default swaps did, and will continue to do for years to come.
It was extremely entertaining and informative, and I highly recommend it to anyone who seeks more information about CDS's.
I saw the report and thought it was good. I wish they would have spent the whole hour on cds. I would also like to see the ceo's answer some questions which of course will never happen as the greed and lack of accountability are probably embarrassing to talk about (I can only imagine).
I heard the this american life brodcast.
Until the criminals that created this monster are called to justice, all monies confiscated, and heads put in the noose, nothing good will have come of this.
In fact, a letter in Barrons suggests that all swaps be declared null and void.
Not a bad idea
That these gambles amount to over 10X the underlying bonds, is an obscenity beyond words.
That the bankers allowed this is proof that they are incompetent scum.
Until the criminals that created this monster are called to justice, all monies confiscated, and heads put in the noose, nothing good will have come of this.
In fact, a letter in Barrons suggests that all swaps be declared null and void.
Not a bad idea
That these gambles amount to over 10X the underlying bonds, is an obscenity beyond words.
That the bankers allowed this is proof that they are incompetent scum.
All that money is gone now, unfortunately. That's the real shame.