Charles T. Munger on Economic Crisis - Feb. 2, 2010 (25min.)

[LargoWinch]

Pure FIRE propaganda from one the largest recipient of the government's largesses:

"Nothing non-extreme as any chance of fixing it...I applaud the people trying to fix it and the government that are doing these extreme things..." - Munger

Runtime: 25min.

Charles T. Munger, the Vice-Chairman of Berkshire Hathaway Corporation, discusses the current economic crisis with Professor Joseph A. Grundfest '78.

Stanford University:
http://www.stanford.edu/

Stanford Law:
http://law.stanford.edu/

Stanford University Channel on YouTube:
http://www.youtube.com/stanford

[raja]

Re: Charles T. Munger on Economic Crisis - Feb. 2, 2010 (25min.)

Pure FIRE propaganda from one the largest recipient of the government's largesses:

"Nothing non-extreme as any chance of fixing it...I applaud the people trying to fix it and the government that are doing these extreme things..." - Munger

For the first half of this video, I thought, "We're always going to have a Financial Elite. This guy is the type we need." He was talking about how after the Great Depression the country had set up ways to combat financial excesses, and how stupid and terrible it was that these had been eroded.

Then, in the second half he starts talking about how great Summers and Bernanke are.

I had thought that Summers was instrumental in the repeal of Glass-Steagall during the Clinton years. Is this not correct? If so, then I'd have to say that Munger is just a confused old man . . . at best.

[LargoWinch]

Re: Charles T. Munger on Economic Crisis - Feb. 2, 2010 (25min.)

If so, then I'd have to say that Munger is just a confused old man . . . at best.

Unfortunately, I think you are right raja.

Where are the good men?