Financial Crisis: Rolling Stone

[ja1484]

Suck on this thing and try to sleep tonight:

http://www.rollingstone.com/po...903/the_big_takeover/1

 

[BigJelly]

bragging about getting "news" from the rolling stone...

going for self ownage of the year?

 

[bdude]

Originally posted by: BigJelly
bragging about getting "news" from the rolling stone...

going for self ownage of the year?

fox and drudge is only real news duh

 

[vi edit]

Originally posted by: BigJelly
bragging about getting "news" from the rolling stone...

going for self ownage of the year?

Where did he call it "news". RS is a great social commentary that offers a perspective you won't find on CNN, Fox, or any major newspaper.

 

[ja1484]

Originally posted by: BigJelly
bragging about getting "news" from the rolling stone...

going for self ownage of the year?

Take some Ritalin and calm down.

Nothing in this article is new. In fact, it's almost entirely about things that occurred in 2007 and 2008. What it DOES do is rake muck like news media USED to and desperately needs to in these "uncertain times", or whatever the fuck the politician everyone likes right now is calling the present day.

 

[Ricochet]

Originally posted by: BigJelly
bragging about getting "news" from the rolling stone...

going for self ownage of the year?

It doesn't matter where the article is print. It was a good read. While it offered nothing new in terms of material it does explain a lot of things a layman can understand.

 

[TruePaige]

I enjoyed reading that.

 

[nageov3t]

I clicked on this thread expecting it to be about the fact that Rolling Stone is on the verge of insolvency.

 

[silverpig]

Entertaining read.

 

[Ricochet]

When you say "entertaining", don't you mean "sickening"?

 

[brxndxn]

Originally posted by: loki8481
I clicked on this thread expecting it to be about the fact that Rolling Stone is on the verge of insolvency.

That article alone will make me a subscriber.

 

[freegeeks]

good read, it makes me sick even if only 20% is true

 

[sdifox]

Kindda sad this kind of article is found in Rolling Stone as opposed to WSJ.

 

[sdifox]

URL: Linky to print mode article, which means no paging

Rollingstone.com

Back to The Big Takeover
The Big Takeover
The global economic crisis isn't about money - it's about power. How Wall Street insiders are using the bailout to stage a revolution

< snip>

Good luck with that, America. And enjoy tax season.

[From Issue 1075 ? April 2, 2009]



Reading the Rolling Stone website is free, no need to copy and paste the article.

ATOT Moderator ElFenix

 

[BoomerD]

This is definitely a different sort of spin on the whole bailout bullshit...

 

[JS80]

Originally posted by: vi edit

Originally posted by: BigJelly
bragging about getting "news" from the rolling stone...

going for self ownage of the year?

Where did he call it "news". RS is a great social commentary that offers a perspective you won't find on CNN, Fox, or any major newspaper.

I guess so if you consider retarded left wing commentary "great"

 

[BoomerD]

Originally posted by: JS80

Originally posted by: vi edit

Originally posted by: BigJelly
bragging about getting "news" from the rolling stone...

going for self ownage of the year?

Where did he call it "news". RS is a great social commentary that offers a perspective you won't find on CNN, Fox, or any major newspaper.

I guess so if you consider retarded left wing commentary "great"

And it's worse than posting some kind of retarded right wing commentary...how?

 

[yllus]

Really interesting. Sure makes it sound like breaking down the megabanks and re-enacting Glass-Steagall might be a good idea.

 

[Engineer]

Thanks for the article OP.

:thumbsup:

 

[swbsam]

Great article

 

[vi edit]

Originally posted by: JS80

Originally posted by: vi edit

Originally posted by: BigJelly
bragging about getting "news" from the rolling stone...

going for self ownage of the year?

Where did he call it "news". RS is a great social commentary that offers a perspective you won't find on CNN, Fox, or any major newspaper.

I guess so if you consider retarded left wing commentary "great"

If you had read the column you'd see that the writer throws the Dems under the bus too. There's nothing "left leaning" in it. It's a very interesting writeup on just how inscestuous the relationship between the goverment heads and the companies they are supposed to watch really are.

 

[Aikouka]

I wonder who will be the first to quote the mega-huge article that sdifox posted and offer their insight in the form of a single smiley.

It was an interesting read though and probably a bit of an "easier read" cause it wasn't so serious... almost sounded like listening to a person that likes to rant, but in a good, non P&N sort of way .

 

[Kev]

I made it 3 pages into that. I really tried. Finance just bores the living fuck out of me.

 

[StageLeft]

Originally posted by: Kev
I made it 3 pages into that. I really tried. Finance just bores the living fuck out of me.

Used to me, too. Now I find all this stuff very interesting.

The best way to understand the financial crisis is to understand the meltdown at AIG. AIG is what happens when short, bald managers of otherwise boring financial bureaucracies start seeing Brad Pitt in the mirror. This is a company that built a giant fortune across more than a century by betting on safety-conscious policyholders ? people who wear seat belts and build houses on high ground ? and then blew it all in a year or two by turning their entire balance sheet over to a guy who acted like making huge bets with other people's money would make his dick bigger.

haha

 

[StageLeft]

The following February, when AIG posted $11.5 billion in annual losses, it announced the resignation of Cassano as head of AIGFP [the group that screwed AIG, so really the ground zero], saying an auditor had found a "material weakness" in the CDS portfolio. But amazingly, the company not only allowed Cassano to keep $34 million in bonuses, it kept him on as a consultant for $1 million a month. In fact, Cassano remained on the payroll and kept collecting his monthly million through the end of September 2008, even after taxpayers had been forced to hand AIG $85 billion to patch up his fuck-ups.

Unreal if true! I imagine it is true. Brutal. Brutal.