Zombie Financial Media: Report on sub-prime fiasco
Thursday, October 15th, 2009 at
3:36 pm
iTulip.com supports Zombie Financial Media Awareness Week Sept. 2 – 8, 2007 with a short video about the reporting of problems with Bear Stearns’ sub-prime securities underwriting. Post links to YouTube video of examples you find of Zombie Financial Media in the comments section. We’ll make them into an Awareness Week video.
Tagged with: Bubble • financial • forex • housing • lending • markets • sub-prime
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excellent! production values are great… iTulip is more like a Moon Flower,
orchidlady (dot) com/pages/datura (dot) html
…it blooms when darkness and non-transparency once again stalk wall street on the edge of calamitous sell-offs and panic.
It puts Nancy Grace to shame!
Found this over at Aaron’s Implode-O-Meter. Thanks guys, you’ve made my day
Two Bear Funds Nearly Worthless, Investors Told
July 17, 2007 (WSJ)
Weeks after the meltdown of two prominent Bear Stearns Cos. (BSC) hedge funds that bet heavily on the market for risky home loans, the brokerage has told the funds’ investors that the portfolios’ assets are almost worthless, according to people familiar with the matter.
World-wide repercussions to the Bear funds story. Many articles appearing overnight.
Great video outlining the failure of people to remember… worse yet, the information is there, but we choose to ignore it…
We were told today that this video is the reason Bear’s CFO made an announcement during the trading day yesterday.
I don’t doubt it. How does it feel being in the middle of history? Speaking of which, did you see the two Cramer segments we caught earlier in the week? I’m amazed by how many sites linked to those posts.
To paraphrase the Elliott Wave Financial Forecast – these are just the trailers! The feature length extravaganza begins when the stock market starts falling in earnest!
The media is owned by the mortgage crooks.
What would happen if we had 90% inflation?
Wow, BusinessWeek nails Bear, and it’s right on the cover.
… and, a year later
R.I.P. 1923 – 2008