Is ever-enthralling, perhaps
Because of the way
The reckoning day
Has evaded those gluttonous chaps.
Thus, a crisis with hardly an equal
Has an ending that doesn't quite speak well,
Like a Hollywood thriller
Whose psychopath killer
Escapes to return in the sequel.
On Monday evening it seemed as though the whole of the financial Twittersphere was glued to, and tweeting about, the PBS Frontline documentary "Money, Power & Wall Street". Although we all know the story by heart, it seems that we cannot tear ourselves away; perhaps because, four years later, so little has changed in the financial landscape and no-one has been brought to justice for wrecking the global economy. It's really as if "the killer is still free." Some of the evening's most memorable tweets reflected this foreboding sentiment, from the earnest:
To the angry:
Truly, how can people watch this and still say we should repeal financial regulation and go back to the old status quo? #frontline— Austan Goolsbee (@Austan_Goolsbee) April 25, 2012
To the snarky:
Derivatives STILL remain exempt from Insurance regulations, have no reserve requirements $AIG $BAC $C $LEH $BSCwashingtonpost.com/business/credi… $$— Barry Ritholtz (@ritholtz) April 25, 2012
What's your take on the crisis and the documentary?
Obama: "I'm gonna change everything on Wall Street, right after I take this meeting with Robert Rubin..." #frontline— Downtown Josh Brown (@ReformedBroker) April 25, 2012