Way OT: Frontline Documentary on Financial Crisis

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April 26th, 2012 at 7:40 PM
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jcorqian
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Way OT: Frontline Documentary on Financial Crisis

For those of you interested in finance, Frontline has done a tremendous documentary on the recent financial crisis.  It is a four part series (currently parts one and two are out) with tremendous detail.  You can watch it here.  I have written a blog post on it, Inside Job, and some of my quick thoughts on the financial crisis here.

I would highly recommend watching this for those of you still in school and are thinking about working in finance.  At least when I was interviewing, there were definitely questions on the crisis (although that was about two years ago).  However, you should definintely watch it regardless of just interview preperation to gain a broader understanding of the industry and the recent turmoil.

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April 26th, 2012 at 7:49 PM | Well, there's no way that (Score:2 Normal)
a2_electricboogaloo
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Joined: 04/21/2011
MGoPoints: 4027

Well, there's no way that this could get political.

USING GRATUITOUS AMOUNTS OF CAPS LOCK SINCE APRIL 2011

April 26th, 2012 at 7:56 PM | Okay, folks (Score:5 Normal)
BiSB
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Joined: 08/15/2009
MGoPoints: 27893

Like Charlie Brown trying to be Brendan Gibbons (Lucy was a brunette girl, after all.), I'm gonna leave this up to see if we can have this discussion without delving into politics.

Please be good, or I'll artificially inflate the number of MGoPoints on this blog, divide this blog into traunches, sell derivatives of those traunches as securities, and make a fortune until the whole thing collapses. Then won't you feel bad?

They no longer call me Bisbiño

April 26th, 2012 at 8:04 PM | OMG THAT WOULD BE JUST LIKE (Score:5 Normal)
a2_electricboogaloo
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OMG THAT WOULD BE JUST LIKE [INSERT POLITICAL FIGURE THAT I IDEOLOGICALLY DISAGREE WITH HERE]

USING GRATUITOUS AMOUNTS OF CAPS LOCK SINCE APRIL 2011

April 26th, 2012 at 8:14 PM | Last warning (Score:5 Normal)
BiSB
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STOP BRINGING UP BENJAMIN HARRISON. His handling of the admission of North Dakota to the Union is off limits on this blog.

They no longer call me Bisbiño

April 26th, 2012 at 8:39 PM | HARRISON WAS THE WORST (Score:5 Normal)
a2_electricboogaloo
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HARRISON WAS THE WORST PRESIDENT EVER.  HIS STANCE ON SILVER COINAGE IS RUINING THE COUNTRY.

USING GRATUITOUS AMOUNTS OF CAPS LOCK SINCE APRIL 2011

April 26th, 2012 at 8:40 PM | THAT'S IT (Score:4 Normal)
BiSB
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Bolivian. One hour.

They no longer call me Bisbiño

April 26th, 2012 at 8:59 PM | THIS ISN'T OVER BISB! (Score:4 Normal)
a2_electricboogaloo
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THIS ISN'T OVER BISB!

Edit: Apparently this is over...oh well.

USING GRATUITOUS AMOUNTS OF CAPS LOCK SINCE APRIL 2011

April 26th, 2012 at 9:12 PM | Hehehe (Score:3 Normal)
BiSB
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Edit: Apparently this is over...oh well.

Oh, you'd like to believe that, wouldn't you...

They no longer call me Bisbiño

April 26th, 2012 at 9:33 PM | FIRST YOU TAKE TWO PARTS OF (Score:2 Normal)
a2_electricboogaloo
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FIRST YOU TAKE TWO PARTS OF MY MGOTRIFORCE AND NOW THIS?!?

USING GRATUITOUS AMOUNTS OF CAPS LOCK SINCE APRIL 2011

April 26th, 2012 at 9:50 PM | Okay, okay (Score:3 Normal)
BiSB
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White flag. Points restored.

Our long blog nightmare is over. Now is a time for healing"

They no longer call me Bisbiño

April 26th, 2012 at 8:42 PM | To Be Absolutely Fair... (Score:2 Normal)
LSAClassOf2000
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You have to give Harrison credit for solidifying American fishing rights around the Aleutians, as well as being the first President whose voice is actually preserved on a phonograph cylinder. 

"Funny isn't it, how naughty dentists always make that one fatal mistake."

Follow the random tweets of a Michigan alum - http://twitter.com/#!/LorneEC3

April 26th, 2012 at 8:45 PM | HEY, DON’T CRUCIFY HIM ON THE CROSS OF GOLD! (Score:5 Normal)
SalvatoreQuattro
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HARRISON WAS NO CLEVELAND OR ARTHUR, BUT HE WAS BETTER THAN HAYES!

"The Ruhr will not be subjected to a single bomb. If an enemy bomber reaches the Ruhr, my name is not Hermann Göring: you can call me Urban Meyer!"

April 26th, 2012 at 8:52 PM | THAT'S NOT SAYING MUCH. MY (Score:5 Normal)
a2_electricboogaloo
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THAT'S NOT SAYING MUCH. MY TOASTER WOULD BE A BETTER COMMANDER IN CHIEF THAN HAYES.

USING GRATUITOUS AMOUNTS OF CAPS LOCK SINCE APRIL 2011

April 27th, 2012 at 1:45 AM | I appraciate this type of (Score:1)
PatrickBateman
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I appraciate this type of comedy of MGo because it would pass oveer the heads of any other board.  Even though I'm inebriated I  love MGo.

Craig James was my wingman in '82.

April 27th, 2012 at 5:10 PM | YOUR TOASTER WAS A FALSE (Score:2 Normal)
Seth
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YOUR TOASTER WAS A FALSE PRESIDENT! CONGRESS JUST HANDED HIM THE 1820 ELECTION AFTER IT WAS CLEAR MY HOOSIER CABINET HAD FAR MORE ELECTORAL COLLEGE VOTES, NOT TO MENTION MY CABINET WON THE DECISIVE BATTLE OF THE WAR OF 1812* WHILE YOUR TOASTER WAS OFF IN RUSSIA BEING A DANDY!

* So decisive in fact it ended the war before the battle even happened!

(Blogger alias: "Misopogon") This team is under construction. We thank you for your patience.

April 27th, 2012 at 7:45 AM | Better than Hayes? (Score:2)
saveferris
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Considering both came from Ohio, that's not saying much. Hayes was from Delaware, which is just north of Columbus, so that should be enough to make a distinction.

 

"...what do you say, is it the new Bluesmobile or what?"

"Fix the cigarette lighter."

April 26th, 2012 at 9:23 PM | he was a visionary (Score:0 Offtopic)
April 26th, 2012 at 8:09 PM | Don't forget (Score:2 Funny)
ppToilet
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to insure yourself in case the whole thing collapses.

April 26th, 2012 at 8:10 PM | Wait, so you're gonna take (Score:1 Offtopic)
hart20
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Away everyone's MGoPoints and give them to me? I mean, it'd really help my MGoSelf-Esteem....

Yep, that's Simba made out of a pineapple.

April 26th, 2012 at 8:43 PM | See, this is how the system (Score:5 Normal)
mgobleu
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Joined: 07/02/2008
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See, this is how the system screws you. This system only benefits those with the most mgopoints. Hell, people with less than 100 points can't even post! How the hell is that fair? Meanwhile, those the ruling class like Brian and BISB get fat off of us in the mgomiddle class; I don't know about the rest of you, but I smell an uprising on the way...

April 26th, 2012 at 8:54 PM | Points trickle down though... (Score:5 Normal)
Maize n Blue
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Points trickle down though... if the people with less than 100 points want to post their own content then they just need to post more quality content. Without those who have a large amount of points starting board topics and diaries, those with less points wouldn't be able to comment and earn points of their own.

 

Dreads > Lil Boosie fade

April 26th, 2012 at 9:04 PM | Looking at your Avatar. (Score:5 Normal)
M-Wolverine
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Joined: 10/04/2009
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You look like a 1%er.

"I love him, he's a great coach, he's a great mentor, he's a great friend. He's every single thing you want a college coach to be, and he does it flawlessly." -David Molk

April 26th, 2012 at 10:10 PM | I'm definitely well within (Score:1 Normal)
jcorqian
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I'm definitely well within the 99%.  I just like quality products.  I don't own that watch.

April 26th, 2012 at 9:10 PM | The key is to find the posts that will be deleted and make sure (Score:2 Funny)
LB
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to hit all of them. It's like free money! Yes, it does require work, so it won't be popular with everyone.

May you have a strong foundation
When the winds of changes shift

April 26th, 2012 at 9:36 PM | That's like owning a home (Score:1)
hillbillyblue
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MGoPoints: 157

That's like owning a home where you owe a lot more than the house is actually worth and then buying a new house below market value and letting the first house go back to the bank.  Great idea, count me in.

If you're not living for something then you're dying for nothing.

April 26th, 2012 at 9:22 PM | I tire of your blasphemies (Score:3 Normal)
BiSB
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BACK TO YOUR TURNIPS!!!

They no longer call me Bisbiño

April 26th, 2012 at 9:49 PM | Occupy MGoBlog!!! (Score:5 Normal)
M-Dog
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Occupy MGoBlog!!!

M'Dog

April 26th, 2012 at 10:13 PM | I more or less do Occupy MGoBlog (Score:5 Normal)
Sopwith
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like, all day when I'm supposed to be, you know, "working".

"You know, for a bartender/bookie, you're pretty judgmental."

April 26th, 2012 at 9:01 PM | That is SO WRONG. (Score:3 Normal)
M-Wolverine
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Charlie Brown liked the little red-haired girl.

"I love him, he's a great coach, he's a great mentor, he's a great friend. He's every single thing you want a college coach to be, and he does it flawlessly." -David Molk

April 26th, 2012 at 8:00 PM | Oh, yeah, I was waiting to hear from you on the financial crisis (Score:-1 Normal)
April 26th, 2012 at 8:02 PM | Help with this problem (Score:3 Normal)
BlueRude
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Mr. A goes to buy a $100 lamp for his home to Mr. B.  Mr. B then pays Mr. C $100 on a loan. Mr. C then pays Mr. D on a stock buy to Mr. E. Now here comes the fun, Mr. A's wife says the lamp sucks and tells her husband to take it back. Who got fucked?

Thanks

 

 

April 26th, 2012 at 8:05 PM | Well... (Score:5 Normal)
BiSB
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MGoPoints: 27893

...if he doesn't keep his wife happy by returning the lamp, Mr. A certainly won't be fucked for a while.

They no longer call me Bisbiño

April 26th, 2012 at 8:07 PM | This can't end well. (Score:-1 Overrated)
April 26th, 2012 at 8:09 PM | It certainly has not started well.* (Score:1 Normal)
SalvatoreQuattro
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Joined: 11/30/2010
MGoPoints: 2795

bla

"The Ruhr will not be subjected to a single bomb. If an enemy bomber reaches the Ruhr, my name is not Hermann Göring: you can call me Urban Meyer!"

April 26th, 2012 at 8:17 PM | You know that there's 2 game (Score:2 Normal)
wlubd
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Joined: 02/26/2009
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You know that there's 2 game 7's and the NFL draft on tonight right?

Twitter

April 26th, 2012 at 8:22 PM | everyone was greedy (Score:4 Normal)
Bodogblog
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everyone in the country, of every political persuasion. It built a ridiculous bubble we all should have seen coming.

The only thing that politics dictates is who you blame.

April 26th, 2012 at 8:25 PM | Who the fuck cares??????? (Score:-1 Flamebait)
April 26th, 2012 at 9:31 PM | Everyone (Score:3 Normal)
FreeTheFabFivePlz
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Joined: 03/08/2011
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Who lost 40% of their investment portfolio. You must still live with mommy and daddy.

So hot.  Milk was a bad choice.

April 27th, 2012 at 12:40 AM | Negative on the living with (Score:0 Flamebait)
April 27th, 2012 at 11:05 AM | So what about all the people (Score:1)
jcorqian
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So what about all the people who lost their retirement/pension money?  They don't really control what those funds invest in.  Were they just not smart enough, unlike you?  Should they just have left their money in a savings account in the bank?

April 27th, 2012 at 11:45 AM | I don't have any idea about (Score:-1 Flamebait)
April 26th, 2012 at 8:26 PM | I'll steer clear of politics, (Score:5 Normal)
03 Blue 07
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Joined: 07/01/2008
MGoPoints: 1725

I'll steer clear of politics, and add only this: If you want a more in-depth look at the same subject matter, read "Confidence Men," by WSJ reporter Ron Suskind. I just finished it. Without giving away my political leanings, I will say this: it skewers everyone. And the fundamental problems (Glass-Steagal's repeal, for example, is still in place; it was repealed in '99 and knocked down the walls between investment banks and commercial banks) are still largely there, despite the disaster of 2008.

But yeah, I don't know how we can have this discussion without a lot of uneducated conjecture and, well, I fear that it will get political. . .

April 26th, 2012 at 8:29 PM | I saw the first part of that (Score:2 Normal)
TheThief
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Joined: 09/17/2011
MGoPoints: 59

I saw the first part of that documentary and it was well worth watching, I never thought a Frontline doc on the economic crisis could be riveting, but I could not change the channel once I started watching. As far as politics, there is plenty of blame to go around, people on both sides of the hall turned their back on middle America. What stuck with me most was the analyst who said "It was the savers that were being penalized." As a hard worker and a saver that made me want to go through the roof.

That being said, I will be watching the draft and the Lions tonight.

T&H preshave+1805+Gentelman's Refinery ASB+Merkur HD+Feather Blade= good start to any morning.

 

April 26th, 2012 at 8:38 PM | i am a UM JD/MBA (Score:5 Normal)
yzerman19
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MGoPoints: 371

i am a UM JD/MBA '98 and i lived through that shit and think that miniseries should be required viewing for life.  if i were to channel my inner JJ White he would agree with me.  i liked your post too; didn't agree with all of it but will concede you are much brighter than me.  I.  whichever.

 

I will fucking cunt punt the next person I hear about doing something like that, and I don't give a fuck if you SOR me, I WILL FUCKING ASSAULT YOU.

April 27th, 2012 at 8:48 AM | I remember one JD/MBA (Score:2 Funny)
indi_blue
Joined: 10/04/2010
MGoPoints: 98

I remember one JD/MBA graduate from 1998 joining Goldman "Gaint Squid" Sachs I-banking.  You might be that person.

April 26th, 2012 at 8:49 PM | I look forward to watching (Score:2 Normal)
m1jjb00
Joined: 11/21/2009
MGoPoints: 1417

I look forward to watching it. Thanks. But trust me when i say that i know of no book, movie or special that adequately got the breadth and complexity of what happened. The problem is that there isnt a clean narrative because too many are to blame

April 26th, 2012 at 8:54 PM | I totally agree with that. (Score:1)
jcorqian
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MGoPoints: 178

I totally agree with that.  I'm still trying to understand it fully myself, despite being somewhat immersed in that world here in NYC and surrounded by people who witnessed it firsthand.  I think this documentary does the best job of condensing everything into a narrative that can easily be understood by most people.

April 26th, 2012 at 8:54 PM | Thanks for the link. (Score:2 Normal)
buddhafrog
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Joined: 09/28/2009
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Thanks for the link.  FRONTLINE is such a fantastic show.  I live overseas and didn't know this was the recent documentary topic.  I'll be watching today.

Streaming UM games early Sunday morning from Korea, since 2007

April 26th, 2012 at 9:02 PM | This thread reminds me (Score:1 Funny)
bluebones
Joined: 10/31/2011
MGoPoints: 37

This thread reminds me of why I miss college football so much.

April 26th, 2012 at 9:41 PM | Oh no an intellectual (Score:2 Normal)
hillbillyblue
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MGoPoints: 157

Oh no an intellectual thread!  Run for the hills.

If you're not living for something then you're dying for nothing.

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