Let Them Pay For Their Arrogance.... :-)

I hope National Geographic had to pay big bucks for their arrogance ..... How you cannot see the potential from watching the clip is beyond me. But after all what we have seen from other "experts" on Wall Street........I was blown away after watching the clip the first time in May 2007 A nice weekend to all non experts :-)

Bleibt zu hoffen das die Verantwortlichen von National Geographic richtig tief in die Tasche greifen mußten um sich zumindest verspätet die Rechte zu sichern.... Wie man das Potential beim ersten Mal nicht erkennen konnte ist mir unbegreiflich. Aber nach alledem was wir von den sog. "Experten" der Wall Street & Co zu sehen bekommen haben..... Ich jedenfalls habe im Mai 2007 eine Gänsehaut bekommen. Allen "Nicht-Experten" ein schönes Wochenende :-)

You’ve Seen the YouTube Video; Now Try the Documentary NYT
There is a moment of foreshadowing at the end of “Battle at Kruger,” the eight-minute African safari video that has drawn more than 30 million views on YouTube.

David Budzinski, a tourist from Texas, has just recorded a stunning scene straight out of a wildlife documentary. A small pride of lions and a crocodile have pinned down a cape buffalo calf, prompting an angry herd of buffalo to fight off the predators and save the babe. A fellow traveler remarks, “You could sell that video!”

After returning home, Mr. Budzinski tried, but National Geographic and Animal Planet were not interested. Only after the battle — alternately terrifying and heart-warming — became one of the most popular videos in YouTube’s history did the buyers come calling. Last summer the National Geographic Channel purchased the television rights to the video, and on Sunday at 9 p.m. Eastern time, it will devote an hour to a documentary deconstructing the drama.

“Caught on Safari: Battle at Kruger” is believed to be the first hourlong documentary to be inspired by a YouTube clip. ......

Sensing they had just witnessed something special, Jason Schlosberg, another member of the safari group, asked Mr. Budzinski for a copy of the video. Mr. Budzinski tried unsuccessfully to sell it to television networks. “They all told us the same thing — they don’t accept any footage from amateurs,” he said.

Housing Bubble / Dave Girtsman

Here comes a brilliant housing bubble video from Dave Girtsman ENJOY!

Hier ein mehr sehr treffendes Bubble Video von Dave Girtsman. Viel Spaß!

Excellent Housing Bubble Video / Bubble World Tour

Hat tip to UK Housing Bubble & Housing Panic

"fussball ist unser leben" legendäre pk´s / auge, trap, hape......... :-)

"manufacturing dissent" demystifying Michael Moore (a little bit)

a little bit ot but i think this two clips are worth watching. especially in germany michael moore is almost cult.

the large part of his popularity is mainly the result of the very low opinion for george w.bush..... should be no surprise.......

to me it was no big surprise that some parts of his "documentaries" were fake. but some of the fakes are really hard to swallow ( the withhold interview with the gm ceo in "roger and me" ).......

so keep this in mind when you watch his latest film "sicko" (health care system) coming june 29th....

da michael moore hier in deutschland fast kultstatus ( dank geht wohl hauptsächlich an george w. bush) geniesst kann es nicht schaden ein bisschen wasser in den wein zu kippen.

eigentlich dürfte es keinen überraschen das nicht alles in den filmen genau der realität entspricht. einige der "gestellten" fakten sind für einen selbsternannten dokufilmer aber unter aller kanone.

behaltet das also im hinterkopf wenn ihr seinen neuen film "sicko" (us gesundheitswesen) sehen werdet

here the link to the "doku about michael moore / manufacturing dissent"
http://www.manufacturingdissentmovie.com/

the german/english clip (much better than the us clip with nice examples from "roger and me", "bowling for colombine"/also worth watching for the non germans)


english clip

ps: i will still be watching moore docu...ahmmmm...films

schiff vs a nuts guy on cavuto / video

please click on the headline to start the video to see a really dumb guy yelling. maybe the nar should hire this guy as a successor for lereah.......


klickt bitte auf die überschrift um das video zu starten. ihr werdet da einen ziemlich inkompenetnt wirkenden typen sehen und vor allem hören. evtl. sollte die nar den als lobbyisten einstellen.

Minyanville TV / E. Balls vs C.Cox on Hedge Funds :-)

The Apple iRack / :-)!

thanks to bigfoot!

excellent take on irak (and apple/jobs)!

wunderbare irak und auch apple/jobs satire!

David M. Walker, Comptroller General of the United States at Colbert / :-)

50 trillion hole and growing 3 to 4 trillion annually......

50 billionen lücke und ein anwachsen von 3 bis 4 billionen p.a....



got gold....?

currency report / daily show :-)

Monty Python - Four Yorkshiremen

with all the doom and gloom it is good to remember how tough they days were 40 years ago..... :-)

bei all dem doom und gloom sollte man sich zurückeriinern wie schwer die zeiten vor 40 jahren waren....

bulle immobiliere / french bubble :-)

thanks to http://www.louminatti.blogspot.com/ !
and "the dude" http://tylerliving.blogspot.com/

beauty is nothing without brains / :-)

total ot but funny

“Sunday, bloody Sunday” featuring Georg W. Bush

dank an http://blog.zeitenwende.ch/ !



Metallica " sad but true "


U2 "sunday bloody sunday - live at red rocks"

hustle and cash flow - daily show...."pimp tax"

:-)!

part1


part2

Heebner "manager of the top-performing real-estate fund" / bloomberg video

click on the headline to start the video from the manager of the top-performing real-estate fund over the past decade. including comments on carry trade, hedge funds etc. very very good!

klickt bitte auf die überschrift um dieses klasse interview von einem echten veteranen zu sehen. kommetare auch über den carry trade, hedge fonds, derivate etc. sehenswert!!

thanks to polymermom and anthony fleming!



Heebner, who manages the CGM Realty Fund, is not at all optimistics about house prices.

``It will be the biggest housing-price decline since the Great epression,'' Heebner, 66, said today in an interview in Boston. Prices may fall by a fifth in some markets, he said.

here is a very short printed summary / hier die extrem kurze schriftliche zusammenfassung http://tinyurl.com/yvswuq

Housing Bubble Accomplices Preparing for Death: Caroline Baum

this clip is made for this great piece from caroline baum. if you havn´t seen it yet ..this is a must see!!!!!!!!!

dieser clip ist wie für diesen bericht von c.baum gemacht. wer den noch nicht kennt ....ansehen!

I first used this analogy in 1999 in writing about the bubble in Internet and technology stocks. The paradigm seems equally applicable to today's burst housing bubble.

First came denial: It isn't a bubble. Banks don't have any exposure to mortgages. Housing is a small sector of the economy. Subprime mortgages are a small segment of the home-loan market.

Then came the Feb. 7 double time-bomb from HSBC Holdings Plc, Europe's biggest bank, and New Century Financial, the No. 2 subprime lender in the U.S., that they were setting aside more money as a cushion against rising loan delinquencies. New Century filed for Chapter 11 bankruptcy protection on April 2, one of more than 40 lenders that have ceased operations or sought buyers since the start of 2006, according to Bloomberg data.



Accountability
Soon the anger set in. Delinquency and foreclosure rates rose. Everyone was shocked, shocked to learn there was risk in risky loans. The press bombarded us daily with tales of shady lenders preying on victimized homeowners who would soon be out on the street for non-payment of mortgage interest.

No one was more upset than our elected representatives. Congress wants blood. Whose is irrelevant.


``Members of Congress want someone to be accountable for sensible lending,'' says Andy Laperriere, a managing director at the ISI Group in Washington.

Let the bargaining begin. With the homeownership rate at 68.9 percent in the fourth quarter, just shy of the all-time high, the potential audience for congressional hearings and potential market for invasive action is huge.
Unfortunately, Congress comes up with some really loopy ideas.

``Ideas that seemed out of the mainstream today may become mainstream in the future,'' Laperriere says.

Options Open
On Tuesday, Bloomberg News reported that the top Democrat and Republican on the House Financial Services Committee, Barney Frank of Massachusetts and Spencer Bachus of Alabama, respectively, said that mortgage-bond investors should be liable for deceptive lending practices.

..Let's hope the committee calls some mortgage-bond investors to testify. If they can be sued for someone else's actions, they aren't going to buy any mortgage bonds. Period.

Higher yields may compensate an investor for increased risk, but they don't offer adequate protection against class- action lawsuits.

Precedent
Chairman Frank might want to call some folks from the state of Georgia, where the enactment of a Fair Lending Act in 2002 rocked the mortgage industry.

The law assigned liability for predatory lending to everyone along the food chain, from lender to securitizer to investor.

The reaction was predictable. Many lenders pulled out of the state, the rating agencies refused to evaluate the pools of home loans and the secondary market dried up.

The law, which took effect in October 2002, was amended the following March ``to address a number of unintended consequences'' and to limit assignee liability.

New Jersey's Home Ownership Security Act of 2002 had to be amended in 2004, too, because ``the market shut down,'' according to Robert Levy, executive director of the Mortgage Bankers Association of New Jersey. The amended law put limitations on assignee liability.

Liability ``does apply to high-cost mortgage loans, which carry more than 4.5 percent in points and fees and an interest rate greater than 8 percentage points over the comparable maturity Treasury,'' he says.

Aligned and Assigned
There is no market for securitized high-cost loans, Levy says, and not many loans originated. Which is probably what Congress is getting at. The common theme to the hearings on subprime lending has been that Wall Street is ``eager to securitize, rate and buy as long as the originators feed the beast,'' Laperriere says. ``Many members of Congress want the major players in the secondary market -- holders of mortgage-backed bonds and the investment banks -- to have their interests more aligned with homeowners.''

It would seem a lot easier to fix the problem at the source, tightening regulations on the lenders themselves.

But hey, we still have two final stages of dying before the bubble is fully exorcised: depression and acceptance. If Congress follows through on its legislative reforms of the subprime market, the housing recession may turn into a depression. If that happens, can the rest of us find acceptance?

disclosure: unlike nowitzki i hate david hasselhoff :-)

Hoofy & Boo's News & Views - Sarbanes-Oxley, Taxes

applause, applause!!!!! http://www.minyanville.com/ rocks!
thanks also (again) to barry ritholtz (blogroll)

colbert on the housing bust! :-)

can´t wait for the next episode......if you want to see more please click on the labels

kann kaum die nächste folge abwarten....wer mehr sehen möchet bitte auf die lables klicken

ostergüsse aus husum / germany

have a nice easter / allen ein frohes osterfest


danke an http://blog.zeitenwende.ch/

translation: " my butt hurts" / "what?"