Sunday, April 5, 2009

Laughing Your Troubles Away

Don't miss this hilarious (and, incidentally, extraordinarily apt and keen) British satire on the financial crisis by the Long Johns. It's currently going viral on YouTube, though I've been told they recorded it back in 2007.

Less funny, but also a must-see...

In this video from Bill Moyers Journal, William K. Black, former senior regulator of the crackdown after the Savings and Loan meltdown back in the 1980's, makes the case that the current crisis was caused by bankers and politicians who were - and remain! - in cahoots creating and covering up activity that amounts to a Ponzi scheme ("Bernie was a piker. He doesn't even get into the front ranks of a Ponzi scheme..."). Geithner and Paulson are part of a cabal - sounds like wild-eyed conspiracy theory, but his case and credentials are both persuasive. It's extraordinary; do check it out.

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