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Tuesday
Aug312010

The Lying Bankers Song: We Didn't See It Coming (VIDEO)

It's late, and I've written extensively in the past on the many economists/writers/bloggers/fund managers who did in fact see the housing crash coming.  From Todd Harrison, Mish, Patrick.net, Calculated Risk to Dean Baker, Peter Schiff, William Black and dozens if not hundreds more.  Remind me in comments all the names I'm forgetting.  And enjoy the brand new song.

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Video: Auto-Tune the News

From the youtube page:

"How Wall Street Made The Crisis Worse" by NPR's Planet Money in collaboration with ProPublica: http://n.pr/aRwYgs

This song, fondly entitled "We Didn't See It Comin", by The Gregory Brothers with some help from various titans of finance, not to mention the FCIC, scrutinizing in the key of B minor.

Planet Money: http://www.npr.org/blogs/money/
ProPublica: http://www.propublica.org/

 

 

 

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Reader Comments (1)

"Lenin is to have declared that the best way to destroy the capitalist system was to debauch the currency ... By a continuing process of inflation, governments can confiscate secretly and unobserved, an important part of the wealth of their citizens ... As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless..."

John Maynard Keynes, from his book The Economic Consequences of Peace:
Aug 31, 2010 at 11:00 AM | Unregistered CommenterS. Gompers
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