Money, Power & Wall Street

3 comments on Hacker News

1. PositivedragontamerNov 1, 2021

   For 2008, I think one of the most approachable references is the PBS "Inside the Meltdown": https://www.pbs.org/wgbh/pages/frontline/meltdown/

   * https://www.pbs.org/wgbh/frontline/film/meltdown/

   The 2012 lookback has a bit more depth, since it had more time to do interviews and stuff: https://www.pbs.org/wgbh/frontline/film/money-power-wall-street/

   There's of course, "The Big Short" if you want a stupid 2-hour movie. But that movie glosses over so many details and is straight up hyperbole at many points... so its not "realistic" but maybe a better thing to watch if you really don't want to put in much effort?

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   I guess my post was based off of the Bloomberg blogpost "Looking for Tether’s Money" by Matt Levine. So read that for my original inspiration, though you may need a Bloomberg subscription to be able to read it.

2. PositivemaybirdMay 11, 2012

   The Journal reported in April that hedge funds and other investors were making bets in the credit-default swap markets to take advantage of volatility that stemmed from the trades done by Mr. Iksil, who worked out of the Chief Investment Office.

   After everything that's happened, they're still allowed to play the CDS lottery? I'm really disappointed regulators haven't put a stop to this.

   For a great insight into the role of CDS'es in the recent economic events, I highly recommend this documentary:

   http://www.pbs.org/wgbh/pages/frontline/money-power-wall-street/

3. PositiverollypollyMay 5, 2012

   I'm not surprised to see banks having sunk so much with the current financial crisis.

   I really recommend watching this recent Frontline documentary on the subject:

   http://www.pbs.org/wgbh/pages/frontline/money-power-wall-street/