Broadway Explains Wall Street?

From This American Life on NPR - Broadway sings about some of the things that have been rotten on Wall Street.

Bet Against The American Dream from Planet Money on Vimeo.

Where is Teddy Roosevelt When You Need Him?

This book 13 Bankers by Simon Johnson, a MIT professor, looks quite interesting. I have been looking for a current read on the financial crisis. And he can hold his own against Stephen Colbert. That is no small feat.

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The Warning

Now that Greenspan's name is mud, it is interesting to look back at how the current fiscal mess could have been prevented. What makes me sad and angry is realizing this is just going to occur again.

PBS Frontline has an excellent episode on how the U.S. government was warned unregulated derivatives would create problems down the line. Whether you agree unregulated derivatives were the ultimate cause of the financial crisis is another thing, but this episode highlights where the power really is in Washington and how it can be abused. At this point, who is president and in Congress is basically irrelevant to our fiscal policy. That means we the people have no voice in our financial future.

Update: Check out what bloggers are thinking about Brooksley Born's questioning of Greenspan during last week's Financial Crisis Inquiry Commission hearing.

A clip is below.

FRONTLINE | "The Warning": Sneak Peek 1 | PBS
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