Quantcast
Feeds: Email, RSS & Twitter

Get Our Videos By Email

Powered by Squarespace

 

 

Search The Daily Bail Archive Of 15,000 Videos

SEARCH THE DAILY BAIL

SPONSORED BY  

 

Hank Paulson Is A Criminal - Pass It On

Bernanke's Failures Caught On Tape

"The Federal Reserve Is A Ponzi Scheme"


Get Our Videos By Email

THE FED UNDER FIRE: Must See Clip

Bernanke's Replacement: Happy Hour In Santa Cruz

Must See: National Debt Road Trip

"Of Course We're Not Going To  Payback the Chinese."

Dave Chappelle On White Collar Crime

Carlin: Wall Street Owns Washington

SLIDESHOW - The 11 States Most Likely to Go Bust

SLIDESHOW - 7 Really Big Holes - Don't Miss #7

SLIDESHOW - Molotov Cocktails In Greece

SLIDESHOW - The Sights, Sounds & Women of Texas

SLIDESHOW - Genius Signs From Irish IMF Protest

SLIDESHOW - Egyptian Revolution - Graphic PICS

SLIDESHOW - U.K. Student Riots

SLIDESHOW - Airport Security Cartoons - TSA

Most Recent Comments
Cartoons & Photos
SEARCH
« TARP Commercial (Video) | Main | Preview Trailer From Michael Moore's New Documentary On The Rise Of The Wall Street Banking Oligarchy (Video) »
Tuesday
Jun162009

Michael Lewis Discusses The Sins Of Wall Street And The Financial Crisis With Fareed Zakaria (CNN Video)



PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (11)

Jun 16, 2009 at 3:37 AM | Registered CommenterDailyBail
Mr. McClelland’s credit card company was calling yet again, wondering when it could expect the next installment on his delinquent account. He proposed paying half of his $5,486 balance and calling the matter even.

It’s a deal, the account representative immediately said, not even bothering to check with a supervisor.

http://www.nytimes.com/2009/06/16/your-money/credit-and-debit-cards/16credit.html
Jun 16, 2009 at 3:39 AM | Registered CommenterDailyBail
Just as the ECB warns that commercial banks in the euro-zone may lose another $283bn by the end of next year on financial writedowns, Moody’s finds equivalent cause for concern at Switzerland’s most beleaguered bank, UBS.

http://ftalphaville.ft.com/blog/2009/06/15/57096/moodys-puts-ubs-on-review-for-downgrade/?source=rss
Jun 16, 2009 at 3:42 AM | Registered CommenterDailyBail
Lloyds Banking Group is ditching American customers based in Britain pending a crackdown on international tax evasion planned by President Barack Obama.

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5526129/Lloyds-Bank-hit-by-Obama-tax-purge.html
Jun 16, 2009 at 3:43 AM | Registered CommenterDailyBail
Fixing Germany's banking system

The financial crisis is forcing Germany to abandon its post-war banking system. The EU is promoting the shake-up. "The German model of three pillars—private banks, co-operatives and [state-owned] savings banks—is outdated", Neelie Kroes, the EU competition commissioner, told a German newspaper recently. "It does not correspond to the role that the German economy plays and should play."

http://www.economist.com/agenda/displaystory.cfm?story_id=13851569&fsrc=twitter
Jun 16, 2009 at 3:51 AM | Registered CommenterDailyBail
Old favorite Bill Fleckenstein

Printing money isn't the cure

The economy needs strong medicine, and it's getting a big dose of it. But the side effects are dangerous, and the prognosis for a quick recovery is poor.

http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/printing-money-isnt-the-cure.aspx
Jun 16, 2009 at 3:53 AM | Registered CommenterDailyBail
Michael Lewis. Man, that dude can freakin' write.
Jun 16, 2009 at 9:46 AM | Unregistered CommenterSomething Polish
@Polish

Have you ever read his first book, Liar's Poker? Here's his best piece ever on Wall Street. Take some time.

http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom
Jun 16, 2009 at 4:30 PM | Registered CommenterDailyBail
Hearing what Michael Lewis hays to say makes me sick to my stomach. He is right on all accounts, especially with regards to the phony stress tests. I understand why the banks want to hold onto the real smart criminals but making huge profits for being the toll booth collector of shady financial instruments and transactions is a joke. Getting the taxpayers to fund the retention bonuses is insane. Are these people really that smart or do they just have questionable morals and business ethics. We coexist with sharks at some of our beaches because they usually don’t come in to feed on the innocent beachgoers. But the sharks in the financial institution went on a feeding frenzy and there is so much blood in the water, it is time for action. It is time to find just as many shark hunters. Instead, the Fed, Obama, and the Treasury are chumming the waters for another day of feeding. Just when you, the average investor, think it is safe to go back in the financial water, the merciless rampaging thievery will with fancy math formulas will begin again.

Has the human being become so domesticated by episodes of Dancing with the Stars and air conditioned malls that we have forgotten that God made us humans to be capable of revenge against the culprits of this economic collapse? By seeking revenge, you teach people how to behave better and think twice before acting again in such a shameful manner. When Japan attacked Pearl Harbor, Americans had a thirst for revenge. After 9-11, our justice was formed on our primal need for revenge. Bush stepped up to the podium and without a sad sack teleprompter, he said “my answer is bring ‘em on.” I felt a rush of relief and sense of ultimate justice after hearing him say this. Yes, he later said that he regretted saying that but we all know he was being a politician when he recanted that declaration. Now we face an even more devious and destructive force from within our own borders, the Bonnie and Clyde’s of Wall Street. If I were President, I would reach full employment by asking Joe the Plumber to build and operate the new prisons with gray pinstripe walls for Wall Street’s finest looters. Then I would go to their first, second, and third homes and take reparations to repay the taxpayers.
Jun 16, 2009 at 4:57 PM | Unregistered Commentergobias bluth
Hearing what Michael Lewis has to say makes me sick to my stomach. He is right on all accounts, especially with regards to the phony stress tests. I understand why the banks want to hold onto the real smart criminals but making huge profits for being the toll booth collector of shady financial instruments and transactions is a joke. Getting the taxpayers to fund the retention bonuses is insane. Are these people really that smart or do they just have questionable morals and business ethics. We coexist with sharks at some of our beaches because they usually don’t come in to feed on the innocent beachgoers. But the sharks in the financial institution went on a feeding frenzy and there is so much blood in the water, it is time for action. It is time to find just as many shark hunters. Instead, the Fed, Obama, and the Treasury are chumming the waters for another day of feeding. Just when you, the average investor, think it is safe to go back in the financial water, the merciless rampaging thievery will with fancy math formulas will begin again.

Has the human being become so domesticated by episodes of Dancing with the Stars and air conditioned malls that we have forgotten that God made us humans to be capable of revenge against the culprits of this economic collapse? By seeking revenge, you teach people how to behave better and think twice before acting again in such a shameful manner. When Japan attacked Pearl Harbor, Americans had a thirst for revenge. After 9-11, our justice was formed on our primal need for revenge. Bush stepped up to the podium and without a sad sack teleprompter, he said “my answer is bring ‘em on.” I felt a rush of relief and sense of ultimate justice after hearing him say this. Yes, he later said that he regretted saying that but we all know he was being a politician when he recanted that declaration. Now we face an even more devious and destructive force from within our own borders, the Bonnie and Clyde’s of Wall Street. If I were President, I would reach full employment by asking Joe the Plumber to build and operate the new prisons with gray pinstripe walls for Wall Street’s finest looters. Then I would go to their first, second, and third homes and take reparations to repay the taxpayers.
Jun 16, 2009 at 4:58 PM | Unregistered Commentergobias bluth
I love reading Fleck and like his humor. You kind of remind me of him. Logical thinking with humor. Go DailyBail!
Jun 16, 2009 at 5:10 PM | Unregistered CommenterSell Short

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
All HTML will be escaped. Hyperlinks will be created for URLs automatically.