Posts tagged “86 biggest lies on wall street”
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John R. Talbott: “Warren Buffet is Not God”
April 1, 2011
Warren Buffet is involved in a situation in which he is deciding whether one of his employees, David Sokol, did something wrong and possibly illegal when he bought close to $10 million in Lubrizol stock prior to Buffet’s firm, Berkshire Hathaway, making an offer to buy the company. Buffet should be careful in his defense of Sokol that it wasn’t just Sokol who did something wrong here and quite possibly illegal . . . Conflicts are certain to arise when the party making the decisions to act is the party making the judgment as to whether and how to mete out punishment. Buffet cannot play both roles, even though at times he does seem to be omniscient and all powerful.
Tags: 86 biggest lies on wall street, economics, huffington post, john talbott, News
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An excerpt from John R. Talbott’s newest book
April 1, 2011
If we don’t come to understand the underlying reasons for the current crisis and enact real reform of Wall Street and the banks and get big corporate money out of our elections we face a future that is truly frightening.
Tags: 86 biggest lies on wall street, economics, john r talbott, obamanomics, politics
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John Talbott to Business Spectator on Obama, Wall Street, and the ongoing financial crisis
September 8, 2009
And when you describe the abhorrent behavior on Wall St, is that still going on?
Well, sure. Absolutely. Yeah. That’s the saddest thing about this whole episode. It took a major financial crisis that almost bankrupted the global financial system to make people realise that we had a very serious problem occurring in our financial system and what did we do? We raced around like Humpty Dumpty soldiers and horses trying to put the old system back together again and we put together these banks that were too big to fail. It seems silly to me for our reforms to put that same system back together again and if they’re successful in doing it, then all we’re doing is delaying the day of mourning when this all happens again. — interview in the Business Spectator between Isabelle Oderberg and 86 Biggest Lies on Wall Street author John R. Talbott
Tags: 86 biggest lies on wall street, business spectator, economics, interviews, john r talbott, obamanomics, politics/government
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“I would shut down the hedge fund industry”: Talbott/Johnson, Part II
July 23, 2009
From Part II of the John Talbott/Simon Johnson exchange at Salon.com:
People today seem to think that just because two people want to trade something, it must be good. Because the CDS market is big, it must be useful, goes the argument. It gets at the belief system that you suggested people have adopted: that markets are inherently good. Maybe always efficient, but not always good. There are some things like company default risk that shouldn’t be traded. In the past people wanted to buy and sell slaves, child pornography, women’s bodies. . . Just because a market can develop does not mean the functioning of that market is good for society. Markets cannot self-reflect. That is what humans do. Only we can decide if a particular market is doing more harm than good.
Tags: 86 biggest lies on wall street, articles, john talbott, salon, simon johnson
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Who caused the economic crisis? Simon Johnson and John Talbott at Salon.com, Part I
July 22, 2009
From June to July, John R. Talbott, author of The 86 Biggest Lies on Wall Street and Obamanomics, sat down at his keyboard with Simon Johnson, the Ronald A. Kurtz professor of entrepreneurship at MIT, former chief economist of the IMF and current BaselineScenario.com blogger and cofounder, for an exchange of emails and ideas. The topic of conversation:
The economic crisis: Who caused it? Was it preventable? Was criminal activity involved in bringing it about? And is it over?
Tags: 86 biggest lies on wall street, articles, Authors, blogs, john talbott, salon.com, simon johnson
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The 86 Biggest Lies on Wall Street reviewed, Talbott interviewed in the Brisbane Times
July 15, 2009
A Democrat, Talbott objects to the Reagan-era philosophy of deregulation which he says led to this avoidable crisis. The book includes many suggestions for an overhaul, not just of market regulation, of the ratings agencies, but also of the relationship between Wall Street and Capitol Hill.
“What’s so upsetting to me is that it’s so avoidable, and that this is now going to cause real, real pain to families,” he told the Herald. He predicts real unemployment—those not working, not just those seeking work—will reach Depression levels of 25 percent. “The prime cause was not just deregulation, but the fact that the people who should have been regulated went to Congress and got what they wanted written into the laws.”—from the article
Tags: 86 biggest lies on wall street, articles, australia, brisbane times, interviews, john talbott, reviews
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John Talbott to Obama: 10 financial reforms we really need
June 23, 2009
From CNBC’s “Bullish on Books” blog, here’s John Talbott’s response to Obama’s financial reform plan: the ten reforms that we really need to end this financial crisis—and to prevent the criminal activity that caused the crisis in the first place.
Tags: 86 biggest lies on wall street, articles, Authors, blogs, cnbc, financial crisis, john r talbott
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John Talbott on the Charlie Brennan Show
June 18, 2009
On June 11, 2009, John R. Talbott, author of The 86 Biggest Lies on Wall Street, sat down with Charlie Brennan of KMOX in St. Louis to talk about the economic crisis, where it came from, and the very probably criminal actions that caused it. Listen below.
Tags: 86 biggest lies on wall street, Authors, charlie brennan show, interviews, john r talbott, missouri, radio, st louis
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John Talbott on C-SPAN’s BookTV
June 16, 2009
For those who missed it: John Talbott’s June 3rd appearance at the midtown Barnes and Noble in New York City will be airing on C-SPAN’s BookTv on Sunday, June 21st at 2pm and on Monday, June 22nd at 1am (both ET.) For a full listing of upcoming airdates, visit C-SPAN’s site here.
Tags: 86 biggest lies on wall street, booktv, c-span, john r talbott, q&a, television
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John Talbott at Barnes and Noble in NYC
June 3, 2009
June 3, 6:00 PM, Barnes and Noble, 555 Fifth Avenue between 45th and 46th Street, New York City.
Tags: 86 biggest lies on wall street, Authors, barnes and noble, john r talbott, new york city, q&a, readings, signings
“86 biggest lies on wall street” Posts
- Apr 1, John R. Talbott: “Warren Buffet is Not God”
- Apr 1, An excerpt from John R. Talbott’s newest book
- Sep 8, John Talbott to Business Spectator on Obama, Wall Street, and the ongoing financial crisis
- Jul 23, “I would shut down the hedge fund industry”: Talbott/Johnson, Part II
- Jul 15, The 86 Biggest Lies on Wall Street reviewed, Talbott interviewed in the Brisbane Times
- Jun 16, John Talbott on C-SPAN’s BookTV
