February 13, 2008
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A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
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26 comments:
HP is Mainstream
The numbnuts in the audience were laughing and clapping away as if what was being discussed was occurring on another planet.
Wait, did she just say that the bald Fast Money guy was advising people to bet AGAINST the market? He said to cover your shorts and go long! Doesn't this lady know the difference between a short and long position? How do these cream puffs end up as CNN anchors?!?
I want to marry her - she is smart and Hot!
anonymous is right, the bald guy said the exact opposite of what Jon Stewart thought. The CNN anchor is either clueless or just trying not to make waves on TV show.
It is nice to see this stuff getting out to the light of day but Jon Stewart is way over his head in these matters, his understanding is on par with most of Congress (exception to Ron Paul). As such he will support a fix that will be just as bad as Congress.
Anon@3:02 said:
"Wait, did she just say that the bald Fast Money guy was advising people to bet AGAINST the market? He said to cover your shorts and go long! Doesn't this lady know the difference between a short and long position? How do these cream puffs end up as CNN anchors?!?"
My thoughts exactly. Blindly nodding heads...yup that's what he said...bet against the market...derrrrrr, gee Tennessee. It looks like to her it may all really have been gibberish.
Yeah - they both completely misunderstood what the bad guy said.
"5 things" Willis is in over her head. she was way too nice, in addition to being wrong and boring. he needs to get a blogger on to let it all hang out.
next the Daily Show will have Yahoo!'s Anya Kamenetz on to discuss annuities.
That stupid b*tch has been one of the biggest bubble pumpers for quite some time. Her show is called "Open House" for f^ck sake. She is the perfect MSM idiot and Jon Stewart's only talent is making stoner jokes.
It is beyond laughable that this ho was telling people to buy now or be priced out forever until just a few months ago. Her show is a comedy of REIC propoganda. WTF, ROTFLMFAO. Clearly she's bitter because she is not hot enough for fox news.
How is this woman any kind of financial expert. amazing
MGIC's fourth-quarter net loss was $18.17 a share, compared with a profit of $122 million, or $1.47, a year earlier, the Milwaukee-based company said in a statement today. Excluding investment losses, the insurer lost $18.09 a share, worse than the $8.13 average loss estimate of seven analysts compiled by Bloomberg.
Yeah............$18 a share quarterly loss on a $12 stock.
Predictably the blame game will turn towards free markets as if what we have in the US is a free market.
A private central bank with a license to expand a fiat money supply is not an element of a free market.
Government backed mortgage securities are not an element of a free market.
Economic stimulus packages are not an element of a free market.
What we need for a free market is a hard currency and a government that does it's duty to police fraudulent market behaviour. That would give us a free market. The cause of the housing bubble was not free market capitalism it was socialist economic intervention.
"I want to marry her - she is smart and Hot!"
NO, She's not smart (and not too hot either)! She was denying the bubble for a long time and now she shows that she still does not get it by saying it's a "subprime" problem.
Not only does she not understand the difference between "short" and "long," she strongly suggests that this is all about the subprime whipping boy.
OH MY GOD. I knew it was only a matter of time that the media would blame the housing bubble on AL QAEDA!!! HA HA HA!!!
See here at MSN Money:
http://tinyurl.com/2nw9z7
MSM still missses one of the main reasons subprime lending ballooned. it was too keep the realestate machine running when nobody could afford houses anymore under normal circumstances
"Jon Stewart's only talent is making stoner jokes."
Not a talent, a skill from practice, practice, practice. He's the most pretentious, predictable twit on television, faking knowledge of things he doesn't grasp, and a moral superiority to those he trashes. His stoner audience says it all.
Amazing that someone his age is still trying to be a cool teenager; ditto for the others on his show, whose spin-off programs and movies are equally stupid. The original Daily Show, before Stewart, was much funnier and far better-written. And this aging fool is going to host the Emmy's this year. I could vomit.
Genx dribble. The young cool people are too smart to understand the realities of life and they need John Stewart to make light out of it. The audience is laughing at the collapse of this country.
The housing crisis should be blamed on the greedy! Greedy mortgage guys, house debtors, banks. John Stewart is making it sound like "These Guys destroyed the economy".
Too bad "These Guys" were mostly normal people who thought they could get rich quick.
People like me (who want a house) are still stuck on the sideline while all my food prices are rising, my investments flat, and my savings not making any intrest.
And the Audience Laughed...
F the daily show
I also thought it was pathetic how JS asked her if any of the 'experts' had warned (before the meltdown occurred) of the subprime problems and she said, effectively 'yes, many are saying this is a problem'.
The question was in past tense and she answered in present tense. She completely avoided the fact that none of these mainstream so-called experts gave any warning of any problems with mortgages or housing. The media has utterly abdicated their responibilities.
Now, there's a level-headed woman who knows what's she's talking about - right on the mark.
Scary isn't that "low-income" people earning $75k or less get a chicken-feed hand-out, the very people who produce the bulk of goods and services in our economy.
Liar liar pants on fire .....
Liar loans, liar debtor, liar realtors, liar brokers, liar Wallstreet.
IT WAS all a Lye and now is back to reality and your refi-money-back-renovated kitchen crap is no match to Donald Trump so you have to return all your sheetrock and nails to some stupid American bank that screwed up a bunch of Chinese moronic investors!
And who're ya gonna call?
MORTGAGE BUSTERS... ( that is the rest of US my friend....)
Here's a lady who is getting it right:
http://tinyurl.com/2czb5b
Gretchen Morgenson on Fresh Air (NPR)
GERRI WILLIS... Jeff Mackie was saying the market will probably go up not down!
Jeff Mackie is pretty bearish though.
She's me financial adviser: and she said the long / short thing doesn't mean anything.
I masturbated though the whole thing.
I want to kiss that blonde.
I want to be her little precious.
She looks simply delicious!
That's all that matters to me now: instant gratification of my impulse to meld to her.
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