Tuesday, January 26, 2010

A Plea to Journalists

Please don't get sucked into the NY Fed/AIG circus tomorrow. There is nothing there. The people who are hyping this as some sort of outrage(!) are charlatans, and they're hyping this purely for their own benefit. Either that, or they simply have no idea what they're talking about. Look, these are complicated issues of securities law, with many competing interests. Anyone who tries to tell you that this as a simplistic story about good vs. evil is trying to manipulate you. Please resist the urge to regurgitate these simplistic narratives.

Oh yeah, and please stop quoting Chris Whalen as some sort of expert on finance. The guy is a freaking lunatic.

Thank you.

17 comments:

Anonymous said...

is this a joke? you are an "authority" on chris whalen now? pick 1,000 people: 999 of them will go with chris, and one will be a mute, deaf, kleptocratic retard who provides no service to society whatsoever, aka a lawyer.

rufus mcbufus said...

When great atrocities are committed, great witch hunts commence. There is just no getting around this. It's time to pay the price.
-rufus

BloggerAutoFollow.com said...

nice blog!

i found your blog through keyword "auto follow".

im following you.. pls follow me back.

Anonymous said...

OT: I see Rep. Issa has released a confidential document that will make it more difficult for ML III to pay back the American taxpayer. Could this action give AIG a legal means of avoiding the 5 billion in initial losses they agreed to cover on ML III?

Anonymous said...

who the heck is Chris Whalen ?

Ritholtz said...

Do you want to explain why you think Whalen is a lunatic?

Anonymous said...

Thank you for you comment on Chris Whalen. I have been waiting for someone to notice what an idiot he is.

anne said...

Chiming in late. However, the fact remains that AIG had grown so large, so interconnected that when it failed (and the company failed catastrophically!), going into bankruptcy was perceived to be a neutron bomb for the US economy - thus those various Maiden Lanes were developed to help ease the crisis.

When one company's failure is so detrimental to the US economy that it requires a massive federal intervention to avoid global economic catastrophe, there does need to be an investigation into what happened, and why.

Unfortunately, there is a circus-like atmosphere that pops up concurrently, but that doesn't mean we shouldn't be asking these questions.

And disturbingly, according to the hearings, neither the president of the FRNY nor the US treasury secretary was apparently involved in the final negotiations of the deal that "solved" the AIG problem. Seems problem of that magnitude should have had top leadership at play in the resolution, but not according to the hearings.

JCH said...

"so detrimental to the US economy that it requires a massive federal intervention to avoid global economic catastrophe, there does need to be an investigation into what happened, and why. ..."


Great. When is it going to start?

JCH said...

Apparently the media is not heeding the advice:

http://www.marketwatch.com/story/banks-10-billion-problem-loan-repurchases-2010-02-03

Anonymous said...

I see Sales rep. cheap D3 Gold Issa features launched any secret document that will make this more challenging regarding ML III to repay your United states taxpayer. Can this step offer AIG the best means of keeping away from the five billion within initial loss they consentedGW gold to cover on Cubic centimeters III?

Trần Duy Thuận said...

Trần Duy Thuận Blog đang cần nhận gia công tại nhà. Ai có cần người nhận gia công tại nhà tphcm liên hệ mình nhé. Truy cập vào đặt vé máy bay giá rẻ vietjet để có thêm kinh nghiệm khi đi máy bay nhé.

Thach Nguyen said...

Bạn đang thắc mắc chi phi thay da sinh hoc
Hay Lột da collagen là gì?
Đừng ngần ngại hãy liên hệ với shop qua 2 đường dẫn trên nhé

Fire Ball said...

Thằng ghờm shop nơi cung cấp dien may cu tphcm hàng đầu. Khi bạn cần mua máy lạnh cũ, cần máy giặt cũ tphcm hay đang thắc mắc mua tủ lạnh cũ ở đâu tphcm thì không cần nữa. Chỉ việc ghé qua shop thằng ghờm.
Hãy cùng cập nhật kiến thức qua chuyên mục tổng hợp kiến thức bạn sẽ đáp được những thắc mắc như debit là gì, thẻ tín dụng là gì....

Greenwood Jonny said...

OBAT KANKER SEVIKS HERBAL YANG MANJUR
OBAT HERBAL UNTUK KANKER PAYUDARA
MENGOBATI AMBEIEN SECARA HERBAL
OBAT JENGGER AYAM HERBAL
OBAT HERBAL UNTUK WASIR ATAU AMBEIEN
CARA MENGOBATI KANKER SERVIKS/RAHIM
OBAT UNTUK PENYAKIT SIPILIS RAJA SINGA
SIPILIS BISA DIOBATI DENGAN OBAT HERBAL
OBAT UNTUK KENCING KELUAR NANAH
OBAT KUTIL KELAMIN YANG PALING AMPUH
KAMI MENJUAL OBAT HERBAL UNTUK PENYAKIT KUTIL KELAMIN
OBAT KANKER PAYUDARA YANG PALING AMPUH
KUTIL KELAMIN BISA DISEMBUHKAN DENGAN SALEP DAN KAPSUL HERBAL
CARA TRADISIONAL UNTUK MENGOBATI KUTIL DI KEMALUAN
OBAT GONORE, KENCING NANAH

شات دردشة بنات مصر شات مصريه said...

شات بنات مصر
شات بنات مصر
شات مصرى
شات مصرى
شات مصري
بنات مصر
دردشة

شات
شات
شات
شات مصر
شات مصرية

شات مصرى
شات بنات مصر
شات مصرى
بنات مصر
دردشة
شات مصرى
شات بنات
شات مصر
شات مصرية

شات مصرية
شات مصريه


شات بنات مصر
http://moon-masr.blogspot.com/

mistersipilis said...

Jual obat herbal de nature asli untuk berbagai penyakit kelamin dan sebagainya
Obat Wasir Herbal
Obat Wasir Herbal Mujarab
Obat Wasir Herbal Ampuh
Obat Wasir Herbal Pada Pria
Obat Wasir Herbal Di Apotik
Cara Mengobati Wasir Stadium 4
Cara Mengobati Wasir Stadium 4 Tanpa Operasi
Cara Mengatasi Wasir Stadium 4
Cara Penyembuhan Wasir Stadium 4
Cara Mengobati Ambeien Stadium 4 Secara Alami
Cara Pengobatan Wasir Stadium 4
Cara Pengobatan Ambeien Stadium 4
Cara Mengobati Wasir Stadium 3 Dan 4
Cara Mengobati Wasir Stadium 3
Cara Mengobati Wasir Stadium 3 Secara Alami
Obat Wasir Herbal Apotik
Obat Wasir Herbal Untuk Ibu Hamil
Obat Wasir Herbal Terdaftar Bpom
Obat Wasir Herbal Untuk Ibu Menyusui
Obat Wasir Herbal Bandung
Cara Mengobati Wasir Stadium 3 Dan 4
Cara Mengatasi Wasir Stadium 3
Cara Mengobati Ambeien Stadium 3 Tanpa Operasi
Cara Menyembuhkan Wasir Stadium 3
Cara Mengatasi Ambeien Stadium 3
Cara Alami Mengobati Wasir Stadium 3
Cara Mengobati Ambeien Stadium 3 Secara Alami
Obat Wasir Herbal Manjur
Obat Wasir Herbal Semarang
Obat Wasir Herbalife
Obat Wasir Herbal Jogja
Obat Herbal Wasir Berdarah
Obat Herbal Wasir Dalam
Obat Herbal Wasir Akut
Obat Herbal Wasir Stadium 4
Obat Herbal Wasir Terpercaya
Obat Herbal Wasir Stadium 3
Obat Herbal Wasir Internal
Obat Wasir Herbal Alami