Episode 29 – PoliTalk vs. AIG & Big Media

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Is there anyone Glenn and Jeff don’t take on in what might be the most spirited episode of PoliTalk. The boys of PoliTalk dig deeper than the alluring media headlines about the AIG bonus, explaining exactly what happened, and the systemic issues that need to be addressed to avoid another AIG type problem. Then they turn their fire on some in the media, who have failed to live up to the high journalistic standards set by… Comedy Central’s Jon Stewart (yes, that’s right). They ask the interesting question of how Dick Cheney’s recent interview would go had Jon Stewart conducted the interview, and wonder why there isn’t more true investigative reporting anymore?  It’s refreshingly honest, informative and always entertaining. It’s PoliTalk — your weekly source for political news and current events.

Listen to the current installment of PoliTalk and get yourself informed, inspired, entertained and ready for the day… spread the word… tell two friends, and so on and so on…

You can get the PoliTalk Podcast from Podcast.com and iTunes.

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3 responses to “Episode 29 – PoliTalk vs. AIG & Big Media

  1. This episode feed seems to be broken.

  2. Thanks!… should be fine now!

  3. On a technical level the explanation of the problems with AIG and the finance industry was fairly well explained @ http://podcast.com/episode/38290740/68331/

    In some ways this really reminds me of the act of buying stock options for a company and short selling the hell out of it. Then you find that your options are really 1 ply toilet paper and the company just figured out the cure for cancer and the secret of nuclear fission. I’ll tell you that’s a bad day =(

    The podcast also helps me understand why up front commissions for everyone from real estate agents all the way to the AIG employees bonuses do not make sense on all these high risk loans that have not even proven to be profitable. We can of course thank Wall Street for being a bunch of non-technical manager who didn’t even do the research to find out if Mr. Li had all his ducks in a row. (http://www.compliancebuilding.com/2009/02/25/the-risk-management-formula-that-killed-wall-street/)

    Now, a question for the conservative and more Laissez-faire leaning crowd (I am to some extent also). Without some kind of governing board industry regulated or government regulated how is the natural flow of the market supposed to keep credit default swaps in check?

    PS I’m sad the Maher, Coulter debate didn’t turn out better from your personal account.

    Thanks for the thoughtful discussions!

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