Jon Stewart has been making a living on financial comedy lately. After the jump are 5 new videos from the Daily Show including a testy exchange between Vermont Senator Bernie Sanders and Treasury Secretary Geithner. All five are required viewing for those who need a laugh.
Some of you saw this live on Monday. I am posting for those who missed it. The clip runs just short of 10 minutes. It's outstanding. I love that Taleb wants the failed bank CEOs fired. I prefer listening to Taleb over Roubini any day. Excellent stuff. For the newcomers, these are the 2 gentleman who have been given the most credit for understanding and predicting our current crisis. Whether it is deserved is another question, but these are the annointed two.
Updated on Feb 13, 2009 at 6:05 AM by
DailyBail
This clip runs approximately 6 minutes. Rogers was a half-hour guest on Squawk Box Europe and this is the best chunk. He's slightly more thoughtful here than in some interviews, he doesn't have visible contempt for this team of anchors. Thousands have used 'I don't suffer fools gladly' as canned response in job inteviews when asked to name a personal fault. When jim rogers says it, it's true. This guy does not hide his frustration when he is displeased. Part of his charm for viewers.
As usual, CNBC does not allow video embedding. So just click the photo above and you'll go directly to the cnbc clip. In case you missed it, here's gentle Jim bringing the asian pain upon Geithner on Bloomberg yesterday. It's a phenomenal clip. Below are all the links for the last few days.
Last night Jon focused on Geithner's new bank bailout plan. Watch the whole clip it gets better after the 1st minute. At the 3 minute mark, Jon mistakenly breaks a wine bottle all over the desk and from there it's gold the rest of the way. Watch for the 'guy para-sailing in a hurricane' clip in the last 10 seconds. It's pretty crazy.
"Let me briefly explain the 'rescuer-rescuee' relationship. I would suggest that you don't complain about whether or not you get a window seat on the rescue boat, cuz by the way, wtf? are you doing in the water anyway."
Beautiful.
This is the complete 13 minute interview of Dr. Nouriel Roubini with Kathleen Hayes from Monday Feb. 9th of this week. It's typical Roubini except he's smiling more. Maybe he has a thing for Kathleen which would be a rather sharp diversion from the mean. Dr. Doom is envied by academic peers more for his groupies than his graphs. Young people, forget Wall Street and get a PHD in economics. Then forecast global collapse every year of your career. Buy an apartment in Tribeca, and wait. When the roulette wheel comes up 44 black, pop the cristal and loosen your tie. Cuz, you just became a guru.
Inside I have a 2nd video of Roubini at Davos being interviewed by Becky Quick of CNBC. It's much shorter at just over 2 minutes.
Frontline has produced several trailers for their new series 'Inside The Meltdown' debuting on PBS Feb. 17th:
FRONTLINE investigates the causes of the worst economic crisis in 70 years and how the government responded. The film chronicles the inside stories of the Bear Stearns deal, Lehman Brothers’ collapse, the propping up of insurance giant AIG, and the $700 billion bailout. Inside the Meltdown examines what Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke didn’t see, couldn’t stop and haven’t been able to fix.
Inside we have 2 more Frontline clips exploring different angles of the crisis.
Note to Vikram Pandit: taxpayers appreciate that you've reduced your compensation for this year, but drawing attention to the matter invites scrutiny. Thanks for the invitation.
You made almost $200 million in 2006 selling Old Lane Partners to Citi. That was a crap sammich. Citi paid $800 million for Old Lane which it closed down completely 18 months later. The entire $800 million was taken as a loss. Taxpayers then bailed out Citi. Transitively, you owe us some cash, Vikram, about $165 million. Next time, think before you raise your hand to impress teacher.
This clip might be better than the Sherman video below.
"I can't believe no one's prosecuted you yet? Give the Obama Administration some time."
"Basically you come to us today on your bicycles, after buying Girl Scout cookies and helping out Mother Theresa."
"I don't have one single penny in any of your banks."
"C'mon, all of a sudden money's not fungible in your entity. It's fungible (pooled) everywhere else, but not in your entitities."
" Gentleman, money is fungible. Don't insult our intelligence. The issue is what dividends and bonuses did you pay, or will you pay while holding taxpayer's money?"
That's the opening salvo from Sherman. He's just getting started. Make sure to watch the whole thing.
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
"Mr. Geithner's been bombing for 15 years. Mr. Geithner casused this problem. You know Mr. Geithner has been head of the New York Fed for several years. That was the office that was supposed to be supervising Wall Street and the banking system. He caused the problem, and then all last year he came up with TARP. He came up with all these absurd bailouts. Listen Mr. Geithner has never known what he's doing. He doesn't know what he's doing now and pretty soon everybody's gonna find out, including mr. Obama."
Ouch, Jim. And that's just in the first 60 seconds. This video is gold. More on the inside including an expanded transcript courtesy of the Messy Greenspan blog.
Jim Rogers is f'ing hilarious. I've watched him for 15 years and remember his CNBC chronicled investing globe-trot with the puffed-up, bright lemon Mercedes thing. He settled in Hong Kong or Singapore with his young wife and generally delivers the pain via satelite on Bloomberg or occasionally CNBC. I hope he stays around for 30 more years wreaking havoc every step of the way. Gentle Jim, en fuego.
Niall Ferguson is informative and entertaining on The Colbert Report. It's a great discussion. Video runs about 6 minutes. They discuss alternative currencies. Colbert says he wants to be money. His own currency. Nice.
Nassim Taleb on PBS The Charlie Rose Show. Interview is from Dec. 3rd and runs 20 minutes. Very enjoyable. An interesting comment from Nassim "It's worse than Roubini thinks."
Updated on Feb 11, 2009 at 8:39 AM by
DailyBail
As we expected there is no plan. It's an empty shell not unlike our children's future. All details including the start date of the monetization of our national debt are still to be announced in the next few weeks. Jefferson just puked in Monticello and sent us a text. He said something about a revolution and then added this:
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
Let the words sink in. (Jefferson's top 10 quotes on money and banking.) He had his faults. Personally, I could never shake the reality that he built slave quarters into the architecture at Virginia. Though he was decent at revolution. First a snip on his election to the Presidency in 1800.