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: Economics of Contempt

A Plea to Journalists

By Anonymous

Please don't get sucked into the NY Fed/AIG circus tomorrow. There is nothing there. The people who are hyping this as some sort of outrage(!) are charlatans, and they're hyping this purely for their own benefit. Either that, or they simply have no idea what they're talking about. Look, these are complicated issues of securities law, with many competing interests. Anyone who tries to tell you that this as a simplistic story about good vs. evil is trying to manipulate you. Please resist the urge to regurgitate these simplistic narratives.

Oh yeah, and please stop quoting Chris Whalen as some sort of expert on finance. The guy is a freaking lunatic.

Thank you.

Full post as published by Economics of Contempt on January 27, 2010 (boomark / email).