Thursday, October 22, 2009

The 1990's derivative warnings

Needless to say, I don't watch a lot of Frontline. It usually takes about five minutes into one of their shows before it starts in as a Bush hit piece. I guess Frontline finally figured out that Bush is no longer president so they could move on (unlike our current president).

However, I have to say, last night I watched the most recent episode on derivative warnings during the 1990's.

It pretty much hammers all the players at the time; rightfully so. It also ties in how the errors from the 1990's have come back full circle today.

What's interesting is how many of these guys are now working on the current economic recovery, namely Tim Geitner.

It really is a good watch so catch it (you can watch on line here).

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