6 Free Financial Modeling Lessons...and More.

(Neanderthal, 2,319

Points)

on 4/23/12 at 8:26am

Looks like a typical Public Broadcasting System propaganda piece with every left wing commentator PBS can track down at the NY Times and MSNBC. This is a perfect example of why tax payer dollars should not be sent to PBS--free speech is great, so pay for it yourself. But because left wing ideas are so intellectually bankrupt and their representatives so banal and insipid the only way the left can get a platform is through tax payer dollars--public education, universities, and public radio and broadcasting. Their ideas cannot win in the marketplace of ideas.

-4

Virginia Tech 4ever: Looks

AndyLouis

(Senior Neanderthal, 5,824

Points)

on 4/23/12 at 8:41am

Virginia Tech 4ever:

Looks like a typical Public Broadcasting System propaganda piece.

seriously??

WSO's COO (Chief Operating Orangutan) | My story | Connect with me on Linkedin.

2013 WSO Conference

Yes, dead serious. In a

(Neanderthal, 2,319

Points)

on 4/23/12 at 8:48am

Yes, dead serious. In a 2-minute clip I saw Paul Krugman and Robert Reich, 2 Obama hacks. This is PUBLIC broadcasting, no?

I know it's kinda scary to

(Human, 14,391

Points)

on 4/23/12 at 9:07am

I know it's kinda scary to think that others might not share your world view. But no one can make the case that Frontline's coverage of the crisis has been anything other than top notch. It's got nothing to do with public financing - people (myself included) would've paid to see their coverage in the movie theater.

Virginia Tech 4ever: Looks

(Senior Neanderthal, 5,143

Points)

on 4/23/12 at 9:52am

Virginia Tech 4ever:

Hahahahaha. Dude, did we watch the same preview, or am I missing something?

What crazy left wing ideas were even proposed in this? What are you even talking about?

I agree with VTech. If they

(Neanderthal, 2,064

Points)

on 4/23/12 at 9:54am

I agree with VTech. If they don't adress the real cause of the crisis (i.e. governement moral hazard via fannie & freddie and the role of the FED), then this doc is a total farce.

I can't watch the video at

accountingbyday

(Senior Gorilla, 820

Points)

on 4/23/12 at 9:57am

I can't watch the video at work, but I do agree with VT that the US government shouldn't pay for PBS. Regardless of who they have on or the slant (or lack thereof) of the show, it has a right to be on TV, but not to be taxpayer funded. In this day and age I don't know why the taxpayers should pay for any TV or radio programming.

Abdel: I agree with VTech. If

(Senior Neanderthal, 5,143

Points)

on 4/23/12 at 10:01am

Abdel:

I agree with VTech. If they don't adress the real cause of the crisis (i.e. governement moral hazard via fannie & freddie and the role of the FED), then this doc is a total farce.

You're totally right...CDO and CDS products had nothing at all to do with the insane growth of the housing bubble or or the destructive spreading of risk throughout the system. You're right, Big Gubbermint put a gun to the head of New Century and WaMu to pump progressively shittier and shittier loans in order to grow their profit margins (all because they could push the loans over to the big banks who made CDO products).

Did gov't play a role? Yes. Is it the sole cause? No, not even close.

Step into reality.

accountingbyday: I can't

(Human, 14,391

Points)

on 4/23/12 at 10:02am

accountingbyday:

I'd be surprised if anyone on WSO disagreed with that. It is ridiculous that there's government funding for a broadcaster in this (or any) day and age.

However, that doesn't mean that Frontline doesn't do a great job on reporting the crisis.

TheKing: Abdel: I agree with

(Neanderthal, 2,064

Points)

on 4/23/12 at 10:08am

TheKing:

Abdel:

I agree with VTech. If they don't adress the real cause of the crisis (i.e. governement moral hazard via fannie & freddie and the role of the FED), then this doc is a total farce.

Did gov't play a role? Yes. Is it the sole cause? No, not even close.

Step into reality.

uh, if fannie & freddie didn't guaranteed mortgages, you think the banks would of used them for the MBS's?

If governement didn't guaranteed bank accounts, you think the banks could take that money and play with it?

If the FED didn,t braught down its rate artificially to 1% in '01, there would of been no teaser rates, no housing bubble.

Again, this doc is a farce if he don't adress these things, which are the root causes of the crisis.

We fund sesame street in 19

happypantsmcgee

(Almost Human, 9,621

Points)

on 4/23/12 at 10:13am

We fund sesame street in 19 other countries. Lets bitch about that before we bitch about PBS. Just sayin

If I had asked people what they wanted, they would have said faster horses - Henry Ford

Don't hate on Freddie Mac and

blastoise

(Senior Neanderthal, 4,380

Points)

on 4/23/12 at 10:36am

Don't hate on Freddie Mac and Fannie Mae , they are needed to provide liquidity to the mortgage market.

Abdel: TheKing: Abdel: I

(Senior Neanderthal, 5,143

Points)

on 4/23/12 at 10:39am

Abdel:

TheKing:

Abdel:

I agree with VTech. If they don't adress the real cause of the crisis (i.e. governement moral hazard via fannie & freddie and the role of the FED), then this doc is a total farce.

Did gov't play a role? Yes. Is it the sole cause? No, not even close.

Step into reality.

uh, if fannie & freddie didn't guaranteed mortgages, you think the banks would of used them for the MBS's?

If governement didn't guaranteed bank accounts, you think the banks could take that money and play with it?

If the FED didn,t braught down its rate artificially to 1% in '01, there would of been no teaser rates, no housing bubble.

Again, this doc is a farce if he don't adress these things, which are the root causes of the crisis.

I agree about the Fed keeping rates too low for too long, but that doesn't absolve everyone else from blame. Just because one institution fucked up royally, it doesn't mean that everyone else gets off the hook for their shitbag behavior. Without CDOs and CDS (not to mention private ratings agencies giving bullshit AAA type ratings to garbage securities), the crisis would not have been nearly as bad. And without "highly rated" CDO products, there would not have been a demand for more loans (to be packaged into more "highly rated" products.) Yes, the gov't played a role, but it did not cause the bubble to turn into a nuclear bomb.

That's what I can't stand about so many libertarians...they hone in on something the gov't did and ignore or downplay everything else regardless of what happened.

And before you argue that there shouldn't have been any bailouts, know that I agree on that point. However, no government is going to have the guts to let the big banks fail, so we have de facto too big to fail banks regardless of what we want.

blastoise: Don't hate on

happypantsmcgee

(Almost Human, 9,621

Points)

on 4/23/12 at 10:52am

blastoise:

Don't hate on Freddie Mac and Fannie Mae , they are needed to provide liquidity to the mortgage market.

Biased much?

If I had asked people what they wanted, they would have said faster horses - Henry Ford

Abdel: TheKing: Abdel: I

(Neanderthal, 3,595

Points)

on 4/23/12 at 11:09am

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.

blastoise: Don't hate on

(Neanderthal, 3,595

Points)

on 4/23/12 at 11:12am

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.

Main Street didn't get bailed

BTbanker

(Senior Neanderthal, 5,336

Points)

on 4/23/12 at 11:21am

"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan

Flake: Abdel you are fucking

(Neanderthal, 2,064

Points)

on 4/23/12 at 11:41am

Abdel: TheKing: Abdel: I

Cola Coca

(Orangutan, 321

Points)

on 4/23/12 at 11:43am

Regardless of the almost

jeffsmonte

(Baboon, 125

Points)

on 4/23/12 at 12:34pm

The point is simple--there

(Neanderthal, 2,319

Points)

on 4/23/12 at 12:42pm

Abdel: Flake: Abdel you are

(Neanderthal, 3,595

Points)

on 4/23/12 at 12:48pm

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.

"Pinning this all on Wall

(Senior Neanderthal, 5,143

Points)

on 4/23/12 at 12:49pm

Flake: Abdel: Flake: Abdel

(Human, 14,391

Points)

on 4/23/12 at 1:09pm

Flake: Abdel: Flake: Abdel

(Neanderthal, 2,064

Points)

on 4/23/12 at 1:23pm

Abdel: Flake: Abdel: Flake

(Neanderthal, 3,595

Points)

on 4/23/12 at 1:35pm

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.

TheKing: "Pinning this all on

(Neanderthal, 2,319

Points)

on 4/23/12 at 3:10pm

VT is right in saying that

happypantsmcgee

(Almost Human, 9,621

Points)

on 4/23/12 at 3:22pm

If I had asked people what they wanted, they would have said faster horses - Henry Ford

Virginia Tech

(Senior Neanderthal, 5,143

Points)

on 4/23/12 at 4:05pm

King, Don't forget

(Human, 14,391

Points)

on 4/23/12 at 4:14pm

Eddie: I just read some story

(Senior Neanderthal, 5,143

Points)

on 4/23/12 at 4:33pm

TheKing: Virginia Tech

MSF Website
MACC Website
MSF Twitter

(Neanderthal, 2,319

Points)

on 4/23/12 at 5:18pm

It is obvious that allowing

TNA

(Human, 13,531

Points)

on 4/23/12 at 5:37pm

"Aren't you the

(Senior Neanderthal, 5,143

Points)

on 4/23/12 at 5:57pm

finally a bit of passion on

technoviking

(Senior Baboon, 235

Points)

on 4/23/12 at 7:11pm

Exactly, three parties, not

blastoise

(Senior Neanderthal, 4,380

Points)

on 4/23/12 at 7:27pm

TNA: It is obvious that