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Thiel blamed the "gerontocrats" for Bitcoin's failure to reach $100,000 pinning blame on Warren Buffett, whom he called a “sociopathic grandpa,” as well as Dimon, the 66-year-old chief executive officer of JPMorgan who called bitcoin a "fraud" on multiple occasions, and BlackRock's Larry Fink, 69, who recently ran the Fed's direct corporate bond... See more
ZeroHedge • In Stunning Speech, Peter Thiel Blasts Buffett, Dimon, & Fink As "Finance Gerontocracy"; Sees Bitcoin Rising 100-Fold
Only Alan Blinder, once a Fed vice chairman and a former Princeton colleague of Bernanke’s, defended the Fed. Blinder told this tale:
Andrew Ross Sorkin • Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the FinancialSystem--and Themselves
Glenn McDonald,
Kyle Chayka • Filterworld
Securitization had produced the most toxic financial assets in the world – Fabrice Tourre was just one of an army of financial engineers manufacturing them – and had spread them far beyond the originating banks; revealingly, the near-total collapse of securitization in the course of 2008 was a key feature of the crisis.