Agoracom Blog

CNBC “House Of Cards”. How Wall Street Fucked America and The World. Why They Will Do It Again

Posted by AGORACOM at 1:34 PM on Monday, September 6th, 2010

The growing criticism of CNBC amongst financial bloggers and commentators (including me) is growing and warranted.  Too much cheer leading, too much emphasis on entertaining us, too little guest analysis beyond short octobox/decabox sound bites.

Having said that, they have some great talent over there and one of those people is David Faber, who put together the 90-minute must see documentary.  I’ve embedded it below.  I don’t care how busy you are, put the family to bed and find the time to watch it.  It will not only tell you how Wall Street greed fucked the global financial system – I believe it demonstrates why Wall Street greed is in the process of doing it again.

After all, no Wall Street CEO has gone to jail or even been forced to payback the hundreds of millions of dollars in bonuses generated during Sub-Prime / CDO scam, so you count on them looking after themselves all over again during QE1 and the soon to be released sequel QE2.

Skip a movie, skip a game, skip anything that won’t arm you with the information you need to potentially protect your financial future.  Watch this video, absorb the information, never trust Wall Street again and do what you must to protect yourself.

CNBC presents the defining story of our time. Correspondent David Faber investigates the origins of the global economic crisis and the events leading to the most devastating financial collapse since the Great Depression.

5 Responses to “CNBC “House Of Cards”. How Wall Street Fucked America and The World. Why They Will Do It Again”

  1. Mac Jones says:

    Do not blame the banks.
    They acted immorally but within the law.
    First, blame the rating agencies that gave the thumbs up to the “piles of garbage”.
    Second, blame those that signed for something they could not afford.
    Those are the real villains

  2. Sara says:

    Wall Street truly f***** the world

  3. AGORACOM says:

    @rennie – I think all big sharks are “wads” …. but they crossed the line when they became crack credit dealers to the poor, knowing full well they would be basking in their bonuses by the time the mortgage market collapsed.

    Regards,
    George

  4. rennie says:

    10 years before the cave in I thought wall street was a bunch of f wads

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