I had the pleasure of speaking with Barry Ritholtz of Fusion IQ and The Big Picture weblog. He’s a wealth of information and never pulls any punches in his characterizations of the current economic mess we find ourselves in. Listening to Barry speak about this whole situation and reading his book is much pretty much required.
The Big Picture is the leading financial weblog with must-read content and it boasts a huge following (self-included).
Barry recently released a terrific book: Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy. I highly recommend it.
Check out this week’s podcast.
You can subscribe on iTunes or simply listen to the podcast on my other blog The Housing Helix.
Tags: Barry Ritholtz, Big Picture Blog, Bailout Nation
Yet another clear thinking person who understands that the “free market” means an absence of oversight, accountability and transparency, ergo “take all you can get.”
Thanks again Jonathan. You just keep ’em coming. I think you’re making progress even if it is up-hill into the wind.
Who ever thought a free market would work in the face of greed and on a secret slanted playing field must think everyone is naive. How many times is it now that the money changers have just flat run off with the economy or at least as much of it as they could get?
I got a letter from BOA today saying something to the effect that they want to help me out. I’ll let you know what they have in mind, but right now I am apprehensive if only because they know my address
Barry definitely knows his stuff. Bailout Nation is, so far, the best single resource for understanding the financial crisis and subsequent bailouts. For a thorough review of the book please visit http://soyouthinkyoucaninvest.blogspot.com/2009/06/bailout-nation-by-barry-ritholtz.html
The current Obama Bailout plan is working. The news about the profit of $1.8 billion in interest payments on the first set of bank loans that were repaid is a good indication to it.