Juggling Dynamite

Many books have now focused on the financial crisis, All The Devils Are Here, tells the story of the conditions that led up to the crisis.
Co-authors Bethany McLean and Joe Nocera say there's plenty of blame to go around, from Alan Greenspan – who failed to regulate banks despite mounting evidence of problems in the housing market – to the executives on Wall Street who put profits ahead of risk management and due diligence.
What’s clear is many of the problems started in the subprime market and were created by a little known billionaire Roland Arnall – the founder of mortgage lender Ameriquest.
Good discussion.

Janet Tavakoli, Tavakoli Structured Finance, discusses bank and foreclosure fraud via Goldman Sachs, JP Morgan, Countrywide, Bank of America, Citigroup etc. with David Fry
Very interesting insight on Warren Buffett, Jamie Dimon and more…

Janet Tavakoli on Bank Foreclosure Fraud from David Fry on Vimeo.

Hat tip: The Big Picture

A group of prominent Republican-leaning economists, coordinating with Republican lawmakers and political strategists, is launching a campaign this week calling on Fed Chairman Ben Bernanke to drop his plan to buy $600 billion in additional U.S. Treasury bonds.
Former Congressional Budget Office director Douglas Holtz-Eakin is among economists urging Fed Chairman Ben Bernanke to drop plans for big new bond purchases. “The planned asset purchases risk currency debasement and inflation, and we do not think they will achieve the Fed's objective of promoting employment,” they say in an open letter to be published as ads this week in The Wall Street Journal and the New York Times