Longest Lasting Effect of Financial Crisis Will Be Anger

Complete video at: http://fora.tv/2009/04/22/Buyouts_Takeovers_Downsizing_Financial_Reporting_in...

Alan Murray, assistant managing editor of The Wall Street Journal, says people are watching financial news right now because they are angry. "The longest lasting effects of this are going to be the political effects," he predicts.

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Should financial media be held accountable for their failure to have warned the public of the current economic downturn? What steps are being taken to avoid this happening in the future?

A panel of leading financial reporters assess the global crisis and discuss the 'perfect storm' of events that led to it. Aspiring journalists will hear how to avoid the perils and pitfalls of the profession, and media observers can decide for themselves if the media is to blame.

With Charles Gasparino, on-air editor, CNBC; author King of the Club: Richard Grasso and the Survival of the New York Stock Exchange; Farnoosh Torabi, correspondent, TheStreet.com TV; Liz Claman, anchor, Fox Business Network; and Alan Murray, deputy managing editor, The Wall Street Journal; executive editor, Journal Online, and WSJ Television. Moderated by Jeff Bercovici, Blogger, "Mixed Media," Portfolio.com. - The New School

Alan Murray is a Deputy Managing Editor of The Wall Street Journal and Executive Editor for the Journal Online. He also has editorial responsibility for Wall Street Journal television, books, conferences, and the MarketWatch web site. Mr. Murray spent a decade as the Journals Washington bureau chief. He became Deputy Managing Editor in June 2008, and Executive Editor, Online, in July 2007. Prior to this he was the author of the paper's award-winning "Business" column. He is also a regular contributor to CNBC, and author of several books, including, most recently, Revolt in the Board Room: The New Rules of Power in Corporate America.

Category:

News & Politics

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• crash
• recession
• regulations
• regulatory
• finance
• voters
• voting
• investors
• investing
• banks
• business
• fora.tv
• foratv
• fora
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[sailfished]

Oh it is a bad thing for people to be angry about the biggest rip off in the history of the globe? This fellow is claiming the effects of this catastrophe are phsychological? This is life and death for millions . 0 credibility ,0 green shoots, u.s.d. default by oct.09

[sugarpuddin88]

Gimme a Break!

After the Tax Payer bailed out Merrill Lynch, they turned around and gave their executives 3.6 billion in Christmas Bonuses!

AIG awarded $500 million in bonuses to its executives after accepting a $173 billion government bailout

UBS bank was fined 700 million for tax evasion; then Congress gives them 5 billion free tax payer dollars

102 tril SS & medicare

25 tril TARP & bailouts

53 tril from other trusts

Every single American man, woman & child owes over $600K in FED Gov debt

[moniequa]

Every single American man, woman & child owes over $600K in FED Gov debt.. good, they'll work their asses of to pay back. LOL

[moniequa]

People are not mad, they are angry and they will not do anything about it because they have no balls. We, the balless people, will be enslaved because we're stupid and coward.

[sugarpuddin88]

Roll your US dollars into foreign currency

In fact, Everbank will let you roll IRAs, 401k's, 403, annuities, into foreign currency IRAs

My Norwegian Kroners are going ballistic!

[tattootomorrow]

What can I do then, buddy?

[humanist7117]

People are not mad, they are angry. Know the difference?

[dhruvasagar]

but that's not possible...this thing can and most likely happen again! How can you just be sad & sob a little and get over it!

[dhruvasagar]

Well said, the stats speak for themselves...It is indeed horrifying & astonishing...

[sailfished1]

It goes without saying that most of these statists are shills for the elite