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  • zerohour
    yesterday

    A link to a link.

    From Crimeth.Inc:

    Our favorite radio show, This American Life, recently did a hour show examining the current mortgage crisis— the straw that broke the camel’s back and triggered a global financial crisis, the end of which is nowhere in sight. As the U.S. stumbles forward deeper and deeper into a recession, it would behoove those of us who don’t understand what has happened to take a minute to learn about the economic process—which was truly not a major aberration from business as usual—behind the credit collapse that has many economists warning of a new economic depression.

    As usual, TAL makes the dry subject matter absolutely fascinating and entertaining, interviewing victims and perpetrators at every level of the travesty, and as they say:

    We explain it all to you. What does the housing crisis have to do with the turmoil on Wall Street? Why did banks make half-million dollar loans to people without jobs or income? And why is everyone talking so much about the 1930s? It all comes back to the Giant Pool of Money.

    Listen to the show here, for free, by clicking on the ‘Full Episode’ link. For those looking for more details, another radio favorite of ours, Fresh Air, has some more perspectives here, and here. And of course, Wikipedia comes through with 12,000 words on the subject.

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  • masto - 3 days ago
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  • mike - 2 days ago
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legal

  • mike
    21 days ago

    A scathing analysis of all the anti-shareholder actions Jerry Yang has taken in the last few months. I think Joe Nocera is right on here - when your company goes public, you can no longer treat it as your private plaything. Neither can it be run for the benefit of the employees....it's the owners of the company, the shareholders, who's interests must be paramount.

    Arrogantly, Mr. Yang appears to ignore this fact, and is now being sued by large shareholders, pension funds, and Carl Icahn.

    How can he NOT be forced to step down (much less cost Yahoo many tens of millions in defending against these suits)?

    Quoted: Since Yahoo went public in 1996, the company has had new owners — its shareholders — but it is unclear whether Jerry Yang, the company’s co-founder and chief executive, knows this.

    1 FaverViewed: 4 Times
  • rids - May 14 2008
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  • hyperobama - Oct 20 2007
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