Comments on: Too Big To Fail, the movie http://blogs.reuters.com/felix-salmon/2011/05/11/too-big-to-fail-the-movie/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: mapitravel083 http://blogs.reuters.com/felix-salmon/2011/05/11/too-big-to-fail-the-movie/comment-page-1/#comment-26499 Thu, 12 May 2011 17:37:17 +0000 http://blogs.reuters.com/felix-salmon/?p=8211#comment-26499 only what their Wall Street brethren did (when they created synthetic CDOs): they’re both trying to sell the highs by offering crap to consumers too dumb to know any better.
inkaquest.com

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By: breezinthru http://blogs.reuters.com/felix-salmon/2011/05/11/too-big-to-fail-the-movie/comment-page-1/#comment-26488 Thu, 12 May 2011 14:26:10 +0000 http://blogs.reuters.com/felix-salmon/?p=8211#comment-26488 I agree with the author’s thoughts on the attention paid to the TARP period as misleading the uninformed into thinking that was the entirety of the ‘big deal’.

However, it’s important to enlighten the uninformed as much as possible. Wall Street got away with creating and profiting from a few closely related bubbles and transferring the risk, losses and pain to American taxpayers precisely because not enough average citizens were really cognizant of what was really happening.

That said, I’m sure that most of the people who rush out to see “Thor” at the theaters do not have “Too Big to Fail” on their ‘must see’ list.

Maybe they will see it on late night TV next year when they have already seen all the movies that are playing in the same time slot.

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By: dedalus http://blogs.reuters.com/felix-salmon/2011/05/11/too-big-to-fail-the-movie/comment-page-1/#comment-26478 Thu, 12 May 2011 00:47:13 +0000 http://blogs.reuters.com/felix-salmon/?p=8211#comment-26478 hey man, reporters deserve a payday too!

Why should they stand by and merely report upon Wall Street’s recycling & repackaging & marketing of ‘toxic wastes’ when they can do the same thing with their old newspaper clips & interview notes?

The bid from moviegoers greedy for any kind of explanation of the meltdown has never been higher. Now is the time to meet that demand with product.

So why begrudge members of the fourth estate for doing only what their Wall Street brethren did (when they created synthetic CDOs): they’re both trying to sell the highs by offering crap to consumers too dumb to know any better.

Do you think they’ll be more interest in the meltdown as the years go by? I think not. You’ve gotta strike while the iron’s hot.

Me, I’m waiting for someone to make a film of the WaMu case study in the Levin/Coburn report. Now THAT’s a human drama.

Maybe Brad Pitt’s option on “The Big Short” for the big screen will draw on the FCIC Report?

naah, not likely.

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By: Christofurio http://blogs.reuters.com/felix-salmon/2011/05/11/too-big-to-fail-the-movie/comment-page-1/#comment-26476 Thu, 12 May 2011 00:29:48 +0000 http://blogs.reuters.com/felix-salmon/?p=8211#comment-26476 Neither the stimulus nor TARP did anything worthwhile. Heck, the only government remedies that have done any good have been of the hair-of-the-dog variety.

For a time, in late 2008, the SEC banned the short selling of financial industry stock, effectively prohibiting pessimism.

In December, the Federal Reserve lowered the federal funds rate to a range betweenb 0% and 0.25%, record territory.

Since then, a series of actions that the FASB has taken uynder political pressure has gutted any pressures toward marking assets to market. This has allowed banks to return to the practice of playing make-believe with their “Tier 3″ asset valuations.

Such measures as those have probably let the alcoholic get through the morning in hopeful anticipation of getting to another party later tonight. A really lousy way to live, but the other measures you’ve been mentioning are just irrelevancies.

The only sensible course for our alcoholic bubble-dependent economy is … cold turkey quitting. This requires things like an end to the legal tender laws. But that in turn will require pain, discipline, courageous politicians.

Never mind.

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By: right http://blogs.reuters.com/felix-salmon/2011/05/11/too-big-to-fail-the-movie/comment-page-1/#comment-26475 Thu, 12 May 2011 00:04:46 +0000 http://blogs.reuters.com/felix-salmon/?p=8211#comment-26475 After reading the book, I definitely thought it would be better served as a 4-part miniseries than a two hour feature-length TV movie.

By what possible analysis do you conclude that the Obama stimulus was more effective than TARP at stemming the financial crisis?

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By: klhoughton http://blogs.reuters.com/felix-salmon/2011/05/11/too-big-to-fail-the-movie/comment-page-1/#comment-26470 Wed, 11 May 2011 22:35:30 +0000 http://blogs.reuters.com/felix-salmon/?p=8211#comment-26470 There are already enough economists stupid enough to believe that TARP was the end of bailing out the banks; what harm will it do if they are joined by others who have less of a reason to know better?

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