An interesting documentary, "Addicted to Money", was broadcast on ABC TV last night (Thursday). The Global Financial Crisis is so complex a beast that even those who are riding it for their own gain hardly understand it, so to expect a TV show to lay it all bare is a big ask. Television is a poor medium for intellectual exchange and the endless camera and editing doohickies filling up the space drove me nuts. The heavy-handed drug addiction metaphor irritated too, but there was no doubt of the conviction of the makers, or of their opinions of whose fault the whole debacle has been. Bankers, guard your estates!
Good talking heads interspersed through the show, particularly Elizabeth Warren who saw all this coming.
So it looks like the ABC is coming out of its corner fighting, after the long Howard years of being forced onto the back foot. Good oh! "Addicted to Money" is a series so I guess I'll tune in next week.
Dear Fed, Please Shut Up Already, Stop the Forward Guidance
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