Comments on: Splain it to me http://www.buzzmachine.com/2008/10/06/splain-it-to-me/ by Jeff Jarvis Fri, 10 Feb 2012 08:33:17 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: invitedmedia http://www.buzzmachine.com/2008/10/06/splain-it-to-me/#comment-384068 invitedmedia Sat, 11 Oct 2008 15:41:52 +0000 http://www.buzzmachine.com/?p=3820#comment-384068 you wanna add a little context to your blame of clinton, summers, etc? the size of the cd market back then? you wanna add a little context to your blame of clinton, summers, etc?

the size of the cd market back then?

]]> By: John Hanson http://www.buzzmachine.com/2008/10/06/splain-it-to-me/#comment-384062 John Hanson Sat, 11 Oct 2008 13:33:06 +0000 http://www.buzzmachine.com/?p=3820#comment-384062 Jeff, Bill Clinton with Laurence Summers (and Phil Gramm, et al.) pushed in 1999 for the continued hands-off approach to the virtually unregulated credit default market. Rubin was also a big backer of it and argued that the government should allow banks to gain more leverage, too. And Alan Greenspan continues to justify the credit swap market's existence. Your "big fucking lie" description of it doesn't add to the conversation. Do you think the aforementioned tried to scam the country, intentionally? Jeff,

Bill Clinton with Laurence Summers (and Phil Gramm, et al.) pushed in 1999 for the continued hands-off approach to the virtually unregulated credit default market. Rubin was also a big backer of it and argued that the government should allow banks to gain more leverage, too. And Alan Greenspan continues to justify the credit swap market’s existence. Your “big fucking lie” description of it doesn’t add to the conversation. Do you think the aforementioned tried to scam the country, intentionally?

]]> By: BernieO http://www.buzzmachine.com/2008/10/06/splain-it-to-me/#comment-383812 BernieO Wed, 08 Oct 2008 12:57:10 +0000 http://www.buzzmachine.com/?p=3820#comment-383812 It's not just the debt, it's also the media that was too lazy to inform the public about what was going on. In 2004, the big investment banks met with the SEC and in one 55 minute meeting convinced them to overturn the old rule requiring them to hold a specific amount of capital against debt. The commissioners voted UNANIMOUSLY to allow this travesty. Worse, accoring the the NY Times not one major media outlet covered this. Lest you think these financial geniuses would never act irrationally, Bear Stearns quickly moved to a ration of debt to capital of 33 to 1!!!!! http://www.nytimes.com/2008/10/03/business/03sec.html?em=&pagewanted=print It’s not just the debt, it’s also the media that was too lazy to inform the public about what was going on. In 2004, the big investment banks met with the SEC and in one 55 minute meeting convinced them to overturn the old rule requiring them to hold a specific amount of capital against debt. The commissioners voted UNANIMOUSLY to allow this travesty. Worse, accoring the the NY Times not one major media outlet covered this.
Lest you think these financial geniuses would never act irrationally, Bear Stearns quickly moved to a ration of debt to capital of 33 to 1!!!!!

http://www.nytimes.com/2008/10/03/business/03sec.html?em=&pagewanted=print

]]> By: invitedmedia http://www.buzzmachine.com/2008/10/06/splain-it-to-me/#comment-383784 invitedmedia Tue, 07 Oct 2008 19:30:33 +0000 http://www.buzzmachine.com/?p=3820#comment-383784 if we actual accounting standards in the US, then most media companies would be kaput. if we actual accounting standards in the US, then most media companies would be kaput.

]]> By: Andy Freeman http://www.buzzmachine.com/2008/10/06/splain-it-to-me/#comment-383776 Andy Freeman Tue, 07 Oct 2008 17:06:41 +0000 http://www.buzzmachine.com/?p=3820#comment-383776 http://www.washingtonpost.com/wp-dyn/content/article/2008/10/05/AR2008100501253.html http://www.washingtonpost.com/wp-dyn/content/article/2008/10/05/AR2008100501253.html

]]> By: Andy Freeman http://www.buzzmachine.com/2008/10/06/splain-it-to-me/#comment-383775 Andy Freeman Tue, 07 Oct 2008 17:02:50 +0000 http://www.buzzmachine.com/?p=3820#comment-383775 > Davidson and Blumberg explain the debt swap market and how it became an utterly unregulated $60 trillion marketplace Actually, it is a regulated marketplace. Almost all of this paper involved and was held by SEC regulated institutions. The hedge funds, which aren't regulated, mostly stayed away. There's a reason why you've only heard of brokerage houses and banks going under. The "unregulated" folks know that they're on their own. > Davidson and Blumberg explain the debt swap market and how it became an utterly unregulated $60 trillion marketplace

Actually, it is a regulated marketplace. Almost all of this paper involved and was held by SEC regulated institutions. The hedge funds, which aren’t regulated, mostly stayed away.

There’s a reason why you’ve only heard of brokerage houses and banks going under. The “unregulated” folks know that they’re on their own.

]]> By: Basic Thinking Blog | Finanzkrise: Island steht am Abgrund http://www.buzzmachine.com/2008/10/06/splain-it-to-me/#comment-383773 Basic Thinking Blog | Finanzkrise: Island steht am Abgrund Tue, 07 Oct 2008 16:29:43 +0000 http://www.buzzmachine.com/?p=3820#comment-383773 [...] veweist Jeff Jarvis/Buzzmachine (via Netzwertig) auf einen 1-stündigen Podcast, der die Finanzkrise angeblich gut [...] [...] veweist Jeff Jarvis/Buzzmachine (via Netzwertig) auf einen 1-stündigen Podcast, der die Finanzkrise angeblich gut [...]

]]> By: rahmin sarabi » Blog Archive » how to understand the financial crisis http://www.buzzmachine.com/2008/10/06/splain-it-to-me/#comment-383756 rahmin sarabi » Blog Archive » how to understand the financial crisis Tue, 07 Oct 2008 07:57:29 +0000 http://www.buzzmachine.com/?p=3820#comment-383756 [...] Splain it to me [...] [...] Splain it to me [...]

]]> By: Ted Murphy http://www.buzzmachine.com/2008/10/06/splain-it-to-me/#comment-383750 Ted Murphy Tue, 07 Oct 2008 02:51:26 +0000 http://www.buzzmachine.com/?p=3820#comment-383750 I wish the transcript were available. Anyway, $60 trillion in credit default swaps (which is of course only one of over a dozen huge derivative pools) is the only reasonable explanation for the loony bailouts our government performed last week. I wish the transcript were available. Anyway, $60 trillion in credit default swaps (which is of course only one of over a dozen huge derivative pools) is the only reasonable explanation for the loony bailouts our government performed last week.

]]> By: Peter Levitan http://www.buzzmachine.com/2008/10/06/splain-it-to-me/#comment-383740 Peter Levitan Mon, 06 Oct 2008 23:17:35 +0000 http://www.buzzmachine.com/?p=3820#comment-383740 My 17 year old daughter aimed me at this Podcast. The HS teacher made it a part of one of her classes. Education actually lives on in the U.S. My 17 year old daughter aimed me at this Podcast.

The HS teacher made it a part of one of her classes.

Education actually lives on in the U.S.

]]> By: robertdfeinman http://www.buzzmachine.com/2008/10/06/splain-it-to-me/#comment-383736 robertdfeinman Mon, 06 Oct 2008 21:36:49 +0000 http://www.buzzmachine.com/?p=3820#comment-383736 If you really want to get mired in the finger pointing analysis try the blogs by economists Mark Thoma and/or Brad DeLong: http://economistsview.typepad.com/economistsview/ http://delong.typepad.com/sdj/ (Mark surveys more of the literature, Brad is more polemical.) If you really want to get mired in the finger pointing analysis try the blogs by economists Mark Thoma and/or Brad DeLong:

http://economistsview.typepad.com/economistsview/

http://delong.typepad.com/sdj/

(Mark surveys more of the literature, Brad is more polemical.)

]]> By: rgw29 http://www.buzzmachine.com/2008/10/06/splain-it-to-me/#comment-383732 rgw29 Mon, 06 Oct 2008 18:45:52 +0000 http://www.buzzmachine.com/?p=3820#comment-383732 I listened to Giant Pool of Money...your links to American Life say bad request.!?! I will check it out manually via iTunes and check back to read your blog. I listened to Giant Pool of Money…your links to American Life say bad request.!?! I will check it out manually via iTunes and check back to read your blog.

]]> By: Tom B. http://www.buzzmachine.com/2008/10/06/splain-it-to-me/#comment-383731 Tom B. Mon, 06 Oct 2008 18:24:45 +0000 http://www.buzzmachine.com/?p=3820#comment-383731 Hey Jeff, thanks for posting this, fantastic program. Hey Jeff, thanks for posting this, fantastic program.

]]> By: Finanzkrise nochmal « Mjays Planet http://www.buzzmachine.com/2008/10/06/splain-it-to-me/#comment-383727 Finanzkrise nochmal « Mjays Planet Mon, 06 Oct 2008 17:15:51 +0000 http://www.buzzmachine.com/?p=3820#comment-383727 [...] die mal kurz wissen wollen, was in unserer Welt eigentlich grad abgeht. (Vielleicht noch mal bei Jeff Jarvis [...] [...] die mal kurz wissen wollen, was in unserer Welt eigentlich grad abgeht. (Vielleicht noch mal bei Jeff Jarvis [...]

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