Wednesday, June 10, 2009

Economist discussion

It's always great to hear the points of views of experts who really do have a critical perspective on their subject. The above video is a case in point: it features economist Joseph Stiglitz and hedge fund manager John Paulson on the financial crisis. Both saw it coming long time ago, and when asked how they came to that view against everyone else's opinion, Mr Paulson simply says it was obvious to him that banks were f**king up royally. Point taken. Perhaps it is simply they both have a sense of humor and the honesty to call crap for what it is.

Whereas most bankers don't have much of a sense of humor.

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