Sunday, December 27, 2009

Transmedia and Avoiding the Economic Crisis: The Goldman Bad Boys


Goonth's Posterous writes a cool piece on the Gretchen Morgensen and Louise Story piece in the New York Times this past week (Thursday, Dec. 24th) on how the global banks, namely Goldman Sachs, forecasted the implosion of mortgage-related securities, created a marketplace for C.D.O.’s (Collateralized Debt Obligations), and then made bets against them from which they profited...and ties it all into transmedia.

READ IT HERE.

I am reading this while listening to vintage Ron Paul from 1988.

WATCH IT HERE.

This stuff is really fascinating, if you are into Economics and the Hidden Hand. Check it all out.

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