Video: An Insider's Look at the Financial Crisis
Who's really to blame for the financial fallout?
Wall Street's head honchos faced tough questions today from legislators over executive pay and the causes of the financial crisis.
Lloyd Blankfein of Goldman Sachs (GS), Jamie Dimon of JPMorgan Chase (JPM), John Mack of Morgan Stanley (MS), and Brian Moynihan of Bank of America (BOA) all shared heated words about regulatory reform with the bipartisan commission established to probe the causes of the recession.
But through the lens of culpability, how much are these financial titans to blame? And what will unfold if society continues to vilify banks?
Join Todd as he offers some thoughts on today's hearings. Click below to watch the video.
And for newbie Minyans in our midst--and there are many of you-check out the following links, for to understand where we are, we must appreciate how we got here.
- Minyans in the Mountains II, Ojai Keynote, August 22, 2005
- The State of the Art, published in various iterations from 2005-2006
- Minyans in the Mountains III, Vail Keynote, August 16, 2006
- After The Gold Rush, June 13 2007
- The Credit Card, August 27, 2007
- Fire on the Mountain, November 6, 2007
- Level III Assets Broken Down, November 6, 2007
- Wall Street Confidential, January 16, 2008
- Anatomy of a Recession, March 12, 2008
- Chasing Liberty, March 26, 2008
- Who Has More Level 3 Assets Than Capital?, May 7, 2008
- Financial Tsunami Ahead, June 23, 2008
- Dead Banks Walking, August 25, 2008
- Pirate's Booty, September 03, 2008
Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at email@example.com.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Daily Recap Newsletter