Hes looking at the explosion, thinking the market works like hand grenades. When something in the market blows up, the explosion, the location of the disruption does not tell you everything
If the Gov had not created the subprime market, and set the interest rates that pushed the ARM mortgages on poor people, there never would have been a subprime market to go bad, and with no subprime market to go bad, the derivatives would have been fine
Agreed. Just about every time Brook explained how it wasn't a failure of the market Hartmann would redirect the conversation or just reassert his position.
Hartman is an idiot
Hes looking at the explosion, thinking the market works like hand grenades. When something in the market blows up, the explosion, the location of the disruption does not tell you everything
If the Gov had not created the subprime market, and set the interest rates that pushed the ARM mortgages on poor people, there never would have been a subprime market to go bad, and with no subprime market to go bad, the derivatives would have been fine
LordVigeous666999 1 year ago
Yaron never loses his cool -- he's secure in his knowledge and isn't threatened one bit by this kind of error. Second the two thumbs up.
AdamMala24 2 years ago
Comment removed
axetogrinde 2 years ago
i give yaron 2 thumbs up for not losing his cool with this douche. Who listens to that guy? Blah.
Twiggy269 2 years ago
Thumbs up to Yaron Brook!
JMartins1981 2 years ago 3
Great job from Yaron Brook, given the evasiveness of Hartmann that he had to deal with. "That's *your* perspective, here's mine" ... ugh...
anti0918 2 years ago 5
Agreed. Just about every time Brook explained how it wasn't a failure of the market Hartmann would redirect the conversation or just reassert his position.
RobertPFreeman 2 years ago 4
@RobertPFreeman
Liberals get squirmy when presented with logical counter arguments.
TimeWarp66 9 months ago