{"id":522930,"date":"2010-04-10T16:30:03","date_gmt":"2010-04-10T20:30:03","guid":{"rendered":"http:\/\/firedoglake.com\/?p=77740"},"modified":"2010-04-10T16:30:03","modified_gmt":"2010-04-10T20:30:03","slug":"bet-against-the-american-dream","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/522930","title":{"rendered":"Bet Against the American Dream!"},"content":{"rendered":"<p><div class='hitEmbed_right'><object width=\"320\" height=\"180\"><param name=\"allowfullscreen\" value=\"true\" \/><param name=\"allowscriptaccess\" value=\"always\" \/><param name=\"movie\" value=\"http:\/\/vimeo.com\/moogaloop.swf?clip_id=10815824&amp;server=vimeo.com&amp;show_title=1&amp;show_byline=1&amp;show_portrait=0&amp;color=&amp;fullscreen=1\" \/><embed src=\"http:\/\/vimeo.com\/moogaloop.swf?clip_id=10815824&amp;server=vimeo.com&amp;show_title=1&amp;show_byline=1&amp;show_portrait=0&amp;color=&amp;fullscreen=1\" type=\"application\/x-shockwave-flash\" allowfullscreen=\"true\" allowscriptaccess=\"always\" width=\"320\" height=\"180\"><\/embed><\/object><\/div>\n<\/p>\n<p>Yesterday, <a href=\"http:\/\/firedoglake.com\/2010\/04\/09\/brooksley-born-raises-an-important-question-but-answers-are-weak\/\">masaccio wrote about it<\/a>. . . and today, you can sing about it.<\/p>\n<p>If you thought &#8220;We never saw it coming&#8221; sounds like a bit of song and dance, well, as Jimmy Durante would say, You ain&#8217;t seen nothing yet.<\/p>\n<p>This American Life, in coordination with <a href=\"http:\/\/www.npr.org\/blogs\/money\/2010\/04\/americandream.html\">Planet Money<\/a> and ProPublica, produced a radio piece to explain how some not only saw the financial crisis coming, they found that if they helped it along, they could profit from it&#8211;like really, really profit from it.<\/p>\n<p>Yesterday, masaccio posted about the Financial Crisis Investigation Commission&#8217;s rather pointed questions about credit default swaps issued on synthetic CDOs&#8211;and, honestly, the level of underhanded economagic made my head spin. . . but now my head can spin to music!<\/p>\n<p>Both masaccio and Planet Money focus on one hedge fund that did ridiculously well in the last few years: Magnetar. It&#8217;s ugly stuff&#8211;and, here&#8217;s the real soul-stirrer, [SPOILER ALERT] Magnetar is still in business. Look at masaccio&#8217;s whole post, check out the video of Brooksley Born grilling Citi execs, and then take a <a href=\"http:\/\/www.thisamericanlife.org\/radio-archives\/episode\/405\/inside-job\">listen to the whole TAL\/Planet Money piece when it comes on line<\/a>. Then watch the video above again, learn the lyrics, and amuse your friends. . . your nerdy but very socially aware friends.<\/p>\n<p class=\"akst_link\"><img decoding=\"async\" src=\"http:\/\/seminal.firedoglake.com\/wp-content\/plugins\/share-this\/share-icon-16x16.gif\" alt=\"Share This icon\" \/><a href=\"http:\/\/firedoglake.com\/?p=77740&amp;akst_action=share-this\"  title=\"Email, post to del.icio.us, etc.\" id=\"akst_link_77740\" class=\"akst_share_link\" rel=\"noindex nofollow\">&nbsp;<\/a>\n<\/p>\n<p><br style='clear:none' \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday, masaccio wrote about it. . . and today, you can sing about it. If you thought &#8220;We never saw it coming&#8221; sounds like a bit of song and dance, well, as Jimmy Durante would say, You ain&#8217;t seen nothing yet. This American Life, in coordination with Planet Money and ProPublica, produced a radio piece [&hellip;]<\/p>\n","protected":false},"author":4839,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-522930","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/522930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4839"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=522930"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/522930\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=522930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=522930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=522930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}