law, business, economics, politics, and anything else deemed tangentially relatedTumblr (3.0; @questiontheaccuracy)http://questiontheaccuracy.tumblr.com/Here at QtA we recently finished reading a most superb and recommended book, The Hellhound of Wall...http://questiontheaccuracy.tumblr.com/post/18855155983http://questiontheaccuracy.tumblr.com/post/18855155983Tue, 06 Mar 2012 13:53:00 -0500Jamie DimonbankingGreat RecessionGreat DepressionThe Hellhound of Wall StreetFerdinand PecoraCharles MitchellWall Street bonusesRegulationproprietary trading<iframe width="400" height="225" src="http://www.youtube.com/embed/3iQLnpupaUM?wmode=transparent&autohide=1&egm=0&hd=1&iv_load_policy=3&modestbranding=1&rel=0&showinfo=0&showsearch=0" frameborder="0" allowfullscreen></iframe><br/><br/><h2><a href="http://questiontheaccuracy.tumblr.com/post/18463202937" target="_blank">Michael Douglas and the FBI Team Up to Close Pandora’s Box</a></h2> <p>In 1987 Michael Douglas starred in the film <em>Wall Street</em>. In an ironic twist, Douglas’ role as Gordon Gekko <a href="http://www.ft.com/cms/s/2/7e55442a-c76a-11df-aeb1-00144feab49a.html#axzz1nhtzZivB" title="How Wall Street Inspired Wall Street, Financial Times" target="_blank">inspired thousands of young men</a> to flock to Wall Street in an attempt to be real-life Gekkos. It could even be argued that <em>sans</em> Gekko there is no financial crisis and no Great Recession.</p> <p>As silly as that may sound, QtA wouldn’t be surprised if Michael Douglas felt that way. After all, what else could explain this spot?</p> <p>Douglas did the spot for free, <a href="http://dealbook.nytimes.com/2012/02/27/michael-douglas-tackles-greed-for-the-f-b-i/?src=rechp" title="Michael Douglas Tackles Greed for the FBI, New York Times" target="_blank">apparently</a> because he was tired of getting high-fives from traders and bankers while walking the streets of Manhattan. The spot is currently running on both CNBC and Bloomberg Television. It seems that the FBI feels that Raj Rajaratnam and Rajat Gupta were merely the tip of the iceberg and are looking for more informants.</p> <p>While QtA commends Douglas for agreeing to do the spot, perhaps the best thing he could have done was never have performed the role in the first place. Alas, the role that launched 1,000 Wall Street bankers (and won Douglas an Oscar) cannot be undone and so this may be the next best thing. It would have been nice however, if the FBI could have gotten a better quality clip of Gekko’s “greed is good” speech. Should the FBI call, QtA has a copy that we would happily lend.</p>http://questiontheaccuracy.tumblr.com/post/18463202937http://questiontheaccuracy.tumblr.com/post/18463202937Tue, 28 Feb 2012 19:07:00 -0500FBIGordon GekkoWall StreetInsider TradingMichael Douglas A lot of political love lately has been sent manufacturing&#8217;s way. Politicians talk about...http://questiontheaccuracy.tumblr.com/post/18295806066http://questiontheaccuracy.tumblr.com/post/18295806066Sat, 25 Feb 2012 23:31:00 -0500politicseconomicsmanufacturingrising tidepanderingRosie the Riveterrust belt