No Need To Bailout Meredith: Complete Video of Bloomberg Interview with Meredith Whitney

Hat tip to reader Eli Smushkovich.  This is the full video from her Bloomberg appearance on Feb. 4th.

It's a 20 minute slice of apple pie.    Wednesday's 35 Links

Also See: Meredith Whitney Says Bad Bank Won't Work

Comments

[spideydouble]

Okay, I can see the merit in the bonus compensation structure, but I just don't get it. What talent is Meredith talking about? PhDs in persuasion and deceit in suckering pension funds to invest in your scam? Expertise at exploiting models and gaming the system? Risk modeling? Enhanced leverage? Inventing CDO-Squared? Toggle bonds? Option ARMs? Credit default swaps? Auction rate securities? Naked shorting? qSPEs? SIVs?

Not a small portion of the talent Meredith is talking about was engaged in highly unethical if not criminal behavior. I want to see some indictments! Can some one come up with a list of actual arrests, subpoenas, and indictments for these talented individuals? It is likely a few lines. These talented people are not worth their fees and should be standing in unemployment lines worrying about how they are going to pay the legal fees for their public trials and avoid ridicule from their family and friends. Well, that is probably not going to happen, but good riddance to them anyway.

I still want to see a National Tar & Feathering day enacted.

[DailyBail]

@spidey

great line.

"I still want to see a National Tar & Feathering day enacted. "

[DailyBail]

" PhDs in persuasion and deceit in suckering pension funds to invest in your scam? Expertise at exploiting models and gaming the system? Risk modeling? Enhanced leverage? Inventing CDO-Squared? Toggle bonds? Option ARMs? Credit default swaps? Auction rate securities? Naked shorting? qSPEs? SIVs?"

nice. spidey.

[DailyBail]

"These talented people are not worth their fees and should be standing in unemployment lines worrying about how they are going to pay the legal fees for their public trials and avoid ridicule from their family and friends."

as wanda sykes said: " make them stand in line once a week at the social security office to pick up their public checks."

it's welfare for the rich.

[Weapons of Mass Toxic Assets]

Whitney Reporting now that she is leaving the idots over Oppenheimer to open her own research firm. good for her!