Wednesday, December 15, 2010

"When Animated Bears Explain: Can Viral Video Save the Economy?" (with video)

Ari Melber, with video (06:48):
The other day, Wall Street was captivated by talking bears.

There were two of them, blue and tan, ripping into the Federal Reserve’s monetary policy. “Printing money is the last refuge of failed economic empires and banana republics,” declared the tan bear, who accused Fed officials of using jargon like “quantitative easing” to hide their true plans from the public. In computerized voices, the bears held forth in an ironic, rapid-fire Socratic dialogue, taking the Fed to task for everything from deflation strategy to its close relationships with investment banks. The odd six-minute cartoon was an instant hit on YouTube, racking up over two million views in its first week, and now topping 3.5 million overall. MORE...

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