October 12, 2010

Barry Ritholtz on The Keiser Report

Barry Ritholtz is the author of Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.

Ritholtz on the financial crisis, and the state of the U.S. economy: "This whole system, from beginning to end, is just so overridden with fraud, illegality, and corruption that the whole system needs to be thoroughly looked at and rehabilitated. As it exists today, it's a third world nation, it's a banana republic. I as an American am wholly embarrassed that this is going on in my country." (25:35 - 25:55).