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December 31, 2008 at 10:21 AM #14724December 31, 2008 at 10:31 AM #321886
jpinpb
ParticipantGreat article. Thanks for posting it.
December 31, 2008 at 10:31 AM #322388jpinpb
ParticipantGreat article. Thanks for posting it.
December 31, 2008 at 10:31 AM #322307jpinpb
ParticipantGreat article. Thanks for posting it.
December 31, 2008 at 10:31 AM #322289jpinpb
ParticipantGreat article. Thanks for posting it.
December 31, 2008 at 10:31 AM #322230jpinpb
ParticipantGreat article. Thanks for posting it.
January 1, 2009 at 2:07 AM #322264danthedart
ParticipantIf Obama and the Bush administration and all these congressmen were so smart, why don’t they know that the programs are just delaying the inevitable? And if they aren’t smart don’t they have lots of smart people advising them? You’d think that PhDs in economics would know this.
They talk about a housing recovery as if recovering means getting back to bubble prices.
January 1, 2009 at 2:07 AM #322609danthedart
ParticipantIf Obama and the Bush administration and all these congressmen were so smart, why don’t they know that the programs are just delaying the inevitable? And if they aren’t smart don’t they have lots of smart people advising them? You’d think that PhDs in economics would know this.
They talk about a housing recovery as if recovering means getting back to bubble prices.
January 1, 2009 at 2:07 AM #322670danthedart
ParticipantIf Obama and the Bush administration and all these congressmen were so smart, why don’t they know that the programs are just delaying the inevitable? And if they aren’t smart don’t they have lots of smart people advising them? You’d think that PhDs in economics would know this.
They talk about a housing recovery as if recovering means getting back to bubble prices.
January 1, 2009 at 2:07 AM #322687danthedart
ParticipantIf Obama and the Bush administration and all these congressmen were so smart, why don’t they know that the programs are just delaying the inevitable? And if they aren’t smart don’t they have lots of smart people advising them? You’d think that PhDs in economics would know this.
They talk about a housing recovery as if recovering means getting back to bubble prices.
January 1, 2009 at 2:07 AM #322768danthedart
ParticipantIf Obama and the Bush administration and all these congressmen were so smart, why don’t they know that the programs are just delaying the inevitable? And if they aren’t smart don’t they have lots of smart people advising them? You’d think that PhDs in economics would know this.
They talk about a housing recovery as if recovering means getting back to bubble prices.
January 1, 2009 at 10:39 AM #322295TheBreeze
ParticipantAlthough the author of this article has got the housing bubble right in my opinion, he’s not really ‘the media’. He is (or was) in fact, one of the main cheerleaders of the dot-com bubble:
Blodget received a Bachelor of Arts degree from Yale University and began his career as a freelance journalist and was a proofreader for Harper’s Magazine. In 1994, Blodget joined the corporate finance training program at Prudential Securities, and, two years later, moved to Oppenheimer & Co. in equity research. In October 1998 [1], he predicted that Amazon.com’s stock price would hit $400 (which it did a month later, gaining 128%). This call received significant media attention, and, two months later, he accepted a prized position at Merrill Lynch.[2][3] Blodget’s influence continued to increase, and, in 2000, he was voted the No. 1 Internet/eCommerce analyst on Wall Street by Institutional Investor, Greenwich Associates, and thestreet.com. In early 2000, days before the dot-com bubble burst, Blodget personally invested $700,000 in tech stocks, only to lose most of it in the years that followed.[4] In 2001, he accepted a buyout offer from Merrill Lynch and left the firm.
In 2002, then New York State Attorney General Eliot Spitzer, published Merrill Lynch e-mails in which Blodget gave assessments about stocks which conflicted with what was publicly published.[5] In 2003, he was charged with civil securities fraud by the U.S. Securities and Exchange Commission.[6] He settled without admitting or denying the allegations and was subsequently banned from the securities industry for life. He paid a $2 million fine and $2 million disgorgement.[7]
http://en.wikipedia.org/wiki/Henry_Blodget
I guess he’s more into popping bubbles now rather than helping them inflate.
January 1, 2009 at 10:39 AM #322798TheBreeze
ParticipantAlthough the author of this article has got the housing bubble right in my opinion, he’s not really ‘the media’. He is (or was) in fact, one of the main cheerleaders of the dot-com bubble:
Blodget received a Bachelor of Arts degree from Yale University and began his career as a freelance journalist and was a proofreader for Harper’s Magazine. In 1994, Blodget joined the corporate finance training program at Prudential Securities, and, two years later, moved to Oppenheimer & Co. in equity research. In October 1998 [1], he predicted that Amazon.com’s stock price would hit $400 (which it did a month later, gaining 128%). This call received significant media attention, and, two months later, he accepted a prized position at Merrill Lynch.[2][3] Blodget’s influence continued to increase, and, in 2000, he was voted the No. 1 Internet/eCommerce analyst on Wall Street by Institutional Investor, Greenwich Associates, and thestreet.com. In early 2000, days before the dot-com bubble burst, Blodget personally invested $700,000 in tech stocks, only to lose most of it in the years that followed.[4] In 2001, he accepted a buyout offer from Merrill Lynch and left the firm.
In 2002, then New York State Attorney General Eliot Spitzer, published Merrill Lynch e-mails in which Blodget gave assessments about stocks which conflicted with what was publicly published.[5] In 2003, he was charged with civil securities fraud by the U.S. Securities and Exchange Commission.[6] He settled without admitting or denying the allegations and was subsequently banned from the securities industry for life. He paid a $2 million fine and $2 million disgorgement.[7]
http://en.wikipedia.org/wiki/Henry_Blodget
I guess he’s more into popping bubbles now rather than helping them inflate.
January 1, 2009 at 10:39 AM #322640TheBreeze
ParticipantAlthough the author of this article has got the housing bubble right in my opinion, he’s not really ‘the media’. He is (or was) in fact, one of the main cheerleaders of the dot-com bubble:
Blodget received a Bachelor of Arts degree from Yale University and began his career as a freelance journalist and was a proofreader for Harper’s Magazine. In 1994, Blodget joined the corporate finance training program at Prudential Securities, and, two years later, moved to Oppenheimer & Co. in equity research. In October 1998 [1], he predicted that Amazon.com’s stock price would hit $400 (which it did a month later, gaining 128%). This call received significant media attention, and, two months later, he accepted a prized position at Merrill Lynch.[2][3] Blodget’s influence continued to increase, and, in 2000, he was voted the No. 1 Internet/eCommerce analyst on Wall Street by Institutional Investor, Greenwich Associates, and thestreet.com. In early 2000, days before the dot-com bubble burst, Blodget personally invested $700,000 in tech stocks, only to lose most of it in the years that followed.[4] In 2001, he accepted a buyout offer from Merrill Lynch and left the firm.
In 2002, then New York State Attorney General Eliot Spitzer, published Merrill Lynch e-mails in which Blodget gave assessments about stocks which conflicted with what was publicly published.[5] In 2003, he was charged with civil securities fraud by the U.S. Securities and Exchange Commission.[6] He settled without admitting or denying the allegations and was subsequently banned from the securities industry for life. He paid a $2 million fine and $2 million disgorgement.[7]
http://en.wikipedia.org/wiki/Henry_Blodget
I guess he’s more into popping bubbles now rather than helping them inflate.
January 1, 2009 at 10:39 AM #322701TheBreeze
ParticipantAlthough the author of this article has got the housing bubble right in my opinion, he’s not really ‘the media’. He is (or was) in fact, one of the main cheerleaders of the dot-com bubble:
Blodget received a Bachelor of Arts degree from Yale University and began his career as a freelance journalist and was a proofreader for Harper’s Magazine. In 1994, Blodget joined the corporate finance training program at Prudential Securities, and, two years later, moved to Oppenheimer & Co. in equity research. In October 1998 [1], he predicted that Amazon.com’s stock price would hit $400 (which it did a month later, gaining 128%). This call received significant media attention, and, two months later, he accepted a prized position at Merrill Lynch.[2][3] Blodget’s influence continued to increase, and, in 2000, he was voted the No. 1 Internet/eCommerce analyst on Wall Street by Institutional Investor, Greenwich Associates, and thestreet.com. In early 2000, days before the dot-com bubble burst, Blodget personally invested $700,000 in tech stocks, only to lose most of it in the years that followed.[4] In 2001, he accepted a buyout offer from Merrill Lynch and left the firm.
In 2002, then New York State Attorney General Eliot Spitzer, published Merrill Lynch e-mails in which Blodget gave assessments about stocks which conflicted with what was publicly published.[5] In 2003, he was charged with civil securities fraud by the U.S. Securities and Exchange Commission.[6] He settled without admitting or denying the allegations and was subsequently banned from the securities industry for life. He paid a $2 million fine and $2 million disgorgement.[7]
http://en.wikipedia.org/wiki/Henry_Blodget
I guess he’s more into popping bubbles now rather than helping them inflate.
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