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I saw this film at the weekend and thought it was brilliant.  I highly recommend seeing it.  And if you are in an especially ornery frame of mind because of AIG and the bailouts, the film does have a nice villanous corporate angle as well.
Here’s the video of Charlie Rose talking to Julia Roberts, Clive [...]

If you have noticed, Pakistan is in a real state of crisis right now. Given the fact that this country is both unstable and possesses nuclear weapons courtesy of A. Q. Khan, it stands to reason that everyone should be interested. The fact that it has a border with Afghanistan only makes things that much more urgent.

In this video on Charlie Rose, Steve Coll of the “New Yorker” discusses Pakistan with Joe Klein, Hasain Haqqani, Director of the Center for International Relations and Professor at Boston University, and Imtiaz Ali.

Quantitative easing is now the main policy course for the U.S. Federal Reserve. The U.S. Federal reserve is buying $300 billion in long-term U.S. government debt in order to keep interest rates low. As a result, the rally I in Treasuries that I have long anticipated is upon us – it is the most powerful rally I have ever witnessed.

As Marc Faber has said, “don’t underestimate the power of printing money.”

This video from the Charlie Rose show should give one a fairly complete view of most of the relevant finance and political issues surrounding the AIG situation. (hat tip Calculated Risk)

Participants include bank analyst Meredith Whitney and Gretchen Morgenson of the NY Times, and Carol Loomis of Fortune. Why is Hank Greenberg in this panel? It seems incongruous since most of these problems happened while he was the head of AIG. Very strange.

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The Wall Street Journal video gives the scoop.

No. Better to just forget about it, huh?

Instead he talks about recent statements by the Obama Administration. hmm.

Is CNBC chastened?

On Wednesday I posted an article that pointed out a largely positive review by Morgan Stanley of Mexico and their economy. Having noticed a negative bias in the article, I amended it to reflect the tone originally given in the Morgan Stanley piece. That said, I would like to point out a Bloomberg video clip and another from the Wall Street Journal, which illuminate some of the pitfalls of investment there. Below are some additional links that should shed more light as well.

Last night I featured a video from Jon Stewart that skewered CNBC, and specifically Jim Cramer. The video is quite funny as Jon Stewart’s show is a comedy show.

However, since that segment aired, Jon Stewart has decided to end the comedy and take a much harder and more serious tone on this issue. Today I would like to highlight last night’s Jon Stewart interview with Jim Cramer because it is not funny. It is an indictment of CNBC, of Jim Cramer, and of the entire financial media as a complicit enabler of the most prolific credit bubble in history.

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Buffett’s Berkshire Has AAA Debt Rating Cut by Fitch – Bloomberg.com This is HUGE! If Berkshire is not AAA, no financial services company is. Wow.
Business As Usual – Baseline Scenario (must read – the bankers have won)
When will bad bankers go to jail? -MSN Money
Cohen Withdraws From Running for No. 2 Treasury Job [...]