Short interview with the indomitable Matt Taibbi and a clip worth watching. Exposes the obvious manipulation behind the collapse of Bear Stearns,
which was the first "shot fired" in the financial crisis, as most of you probably remember.
"On Tuesday, March 11th, 2008, somebody -- nobody knows who -- made one of the craziest bets Wall Street has ever seen. The mystery figure spent $1.7
million on a series of options, gambling that shares in the venerable investment bank Bear Sterns would lose more than half their value in nine days
or less. It was madness - "like buying 1.7 million lottery tickets," according to one financial analyst. But what's even crazier is that the bet
paid."