writerjudd (November 30, 1999 at 12:00 am)

@LamboSpyder99 Sort of. I think that left to their own devices, banks will tend toward excess. The SEC's job is to keep that tendency in check. In this case, the SEC failed to do its job, and indeed, became a tool of the hands of the banks. And here we are.

LamboSpyder99 (November 30, 1999 at 12:00 am)

Ron Paul for president.

LamboSpyder99 (November 30, 1999 at 12:00 am)

So, the problem is US government and SEC, more than the investment banks themselves.

SHIRELYQUESINB (November 30, 1999 at 12:00 am)

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BlackCatSaloon (November 30, 1999 at 12:00 am)

The fact of the matter: I'm not sure the American populace has the moxie to vote for someone who tells the truth. I think they want the 'showman' who spins the yarn, all the while the populace seemingly laps it up. Republicans and Democrats are engaged in the destruction of the middle class by printing trillions, which punishes savers, while rewarding those willing to go into debt. I'm not sure the American populace has the critical thinking skills to make thoughtful decisions.

BlackCatSaloon (November 30, 1999 at 12:00 am)

Excellent video! But, if you folks haven't figured it out yet, our country has become a Plutocracy. Remember the financial bailout that nearly every intelligent American was against? Well, when it passed, what you just witnessed is called a Financial Coup D'etat. Wake up America...it's not about Republican, it's not about Democrats, it's not about Liberal, nor is it about Conservative...it's about POWER and MONEY. Our Democracy has been slowly eroded to a full-blown Plutocracy.

writerjudd (November 30, 1999 at 12:00 am)

@VendettaVV The SEC provides raw delivery failure data here: sec!gov/foia/docs/failsdata!htm (replace ! with .). The period encompassing Bear Stearns' demise is in this file: sec!gov/foia/failsreports/cnsp_sec_fails_2008q2!zip (again, replace ! with .). Because a trade is not considered failed until three days after execution, you need to move the fails number back three days to accurately see the effect they on the market.

VendettaVV (November 30, 1999 at 12:00 am)

where did u get the data of bear sterns delivery failure statistics?

EFRose (November 30, 1999 at 12:00 am)

If you click on my user name, you can see me initiating my computer program... which is the only Top 10 Hedge Fund artificial intelligence available to the average person.

repeat108 (November 30, 1999 at 12:00 am)

@bondsly This is inevitable in a market-based, monetary society. Please watch ben bernanke and all of his well-paid cronies bring down civilization as we know it.......Finally.....reboot the world...peace now. Thanks to ben and the Federal Reserve for being so greedy....without you, world peace, in the current paradigm, would not be possible.