1. transcript
  2. Tid Bits - Financial Crisis Edition

Tid Bits - Financial Crisis Edition

By apalazzo on October 24, 2008.

The New York Times Editorial Board on Proposition 1: Courting Chaos in Massachusetts

From NPR, Brian Lehrer interviews Naomi Klein. Also check out her latest book, The Shock Doctrine.

And if you missed it here's Klein on the Colbert Report:

Note trhat even Colbert is shocked by Klein's last line on the prison industrial complex.

i-b206d5874390d4ba01f1070769e4ba35-image_thewreckingcrew.jpgThomas Frank, Columnist for the Wall Street Journal and author of What's the Matter with Kansas?, wrote an excellent expose on how right wing ideology drove the current wave of corruption in Washington. This new book is called The Wrecking Crew and I highly recommend it.

Alan Greenspan on the unfettered free market:

Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity, myself included, are in a state of shocked disbelief

...

This modern risk-management paradigm held sway for decades.The whole intellectual edifice, however, collapsed in the summer of last year.

And lastly, if you haven't done this already, subscribe to NPR's Planet Money Podcast - one of the best sources of information out there on the financial crisis.

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Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity, myself included, are in a state of shocked disbelief.

Yeah, cause no one *ever* predicted that this would be the outcome of an unregulated market driven by greedfuck insiders. What a lying sack of motherfucking shit!