Showing posts with label Bear Stearns. Show all posts
Showing posts with label Bear Stearns. Show all posts

Tuesday, June 21, 2011

Too Big to Fail | The Movie...

HBO pulls off a simplification that Saints Paulson inappropriately, but actually does a relatively good job of distilling Sorkin's masterful epic of investigative reporting into something the average American might be able to understand... In a 'nut shell' the 'shit' hit the fan. The Government grasped for straws, and this was the result. And, if you're keeping score the hits keep coming.



Watch in its entirety HERE:

http://www.letmewatchthis.ch/watch-2723367-Too-Big-to-Fail

Official SITE:

http://www.hbo.com/movies/too-big-to-fail/inside/video/video/trailer.html#/movies/too-big-to-fail/index.html

Saturday, February 27, 2010

Taibbi Unleashed

Wall Street's Naked Swindle

A scheme to flood the market with counterfeit stocks helped kill Bear Stearns and Lehman Brothers — and the feds have yet to bust the culprits

MATT TAIBBIPosted Oct 14, 2009 9:30 AM

 

Watch Matt Taibbi break down short-selling vs. naked short-selling on his blog, Taibblog.

On Tuesday, March 11th, 2008, somebody — nobody knows who — made one of the craziest bets Wall Street has ever seen. The mystery figure spent $1.7 million on a series of options, gambling that shares in the venerable investment bank Bear Stearns would lose more than half their value in nine days or less. It was madness — "like buying 1.7 million lottery tickets," according to one financial analyst.

But what's even crazier is that the bet paid.

http://www.rollingstone.com/politics/story/30481512/wall_streets_naked_swindle/print