Caught in a blamestorm: the global financial crisis
- Authors: Rumney, Reg
- Date: 2009
- Subjects: To be catalogued
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/454216 , vital:75328 , https://hdl.handle.net/10520/EJC139951
- Description: The outpouring of negativity towards financial journalists has been sur-prising, symbolised by TV satirist Jon Stewart's excoriation of CNBC financial commentator Jim Cramer on the Daily Show. Journalists were no more to blame for the crisis than anyone else involved in the markets. In the subsequent ''blamestorm'', however, fingers have also been pointed at economists, analysts, bankers, quants, credit rating agencies, regulators, governments, and Alan Greenspan, to name a few.
- Full Text:
- Authors: Rumney, Reg
- Date: 2009
- Subjects: To be catalogued
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/454216 , vital:75328 , https://hdl.handle.net/10520/EJC139951
- Description: The outpouring of negativity towards financial journalists has been sur-prising, symbolised by TV satirist Jon Stewart's excoriation of CNBC financial commentator Jim Cramer on the Daily Show. Journalists were no more to blame for the crisis than anyone else involved in the markets. In the subsequent ''blamestorm'', however, fingers have also been pointed at economists, analysts, bankers, quants, credit rating agencies, regulators, governments, and Alan Greenspan, to name a few.
- Full Text:
The Tett offensive: the global financial crisis
- Authors: Rumney, Reg
- Date: 2009
- Subjects: To be catalogued
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/454277 , vital:75332 , https://hdl.handle.net/10520/EJC139939
- Description: Financial journalist Gillian Tett observes in her book - Fool's Gold, How Unrestrained Greed Corrupted a Dream, Shattered Global Markets, and Unleashed a Catastrophe - that the complexity of finance serves the purpose of the financiers well. ''When bankers talkabout derivatives, they delight in swathing the concept in complex jargon,'' she points out. The resulting opacity ''reduces scrutiny and confers power on the few with the ability to pierce the veil''.
- Full Text:
- Authors: Rumney, Reg
- Date: 2009
- Subjects: To be catalogued
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/454277 , vital:75332 , https://hdl.handle.net/10520/EJC139939
- Description: Financial journalist Gillian Tett observes in her book - Fool's Gold, How Unrestrained Greed Corrupted a Dream, Shattered Global Markets, and Unleashed a Catastrophe - that the complexity of finance serves the purpose of the financiers well. ''When bankers talkabout derivatives, they delight in swathing the concept in complex jargon,'' she points out. The resulting opacity ''reduces scrutiny and confers power on the few with the ability to pierce the veil''.
- Full Text:
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