Tuesday, September 27, 2011

Tues Post #2: BBC defends Trader interview

Yesterday we posted the stunning interview (above) which was televised on BBC. It is the kind of interview you will NEVER see on North American financial TV.

UK trader Alessio Rastani shines in this three-and-a-half-minute spot where he says what most know but simply ignore:
  • "This economic crisis is like a cancer, if you just wait and wait hoping it is going to go away, just like a cancer it is going to grow and it will be too late!"
Hi comments on the global economic meltdown have caused outrage.

Gawker promptly called him a “sociopath.”

Forbes said he might be a psychopath. 

Rumours quickly circulated that Rastani might be a member of Yes Men, a collective of impersonators and lead many to suggest he isn't who he claims to be and the whole appearance was a hoax.

It has all lead the BBC to release the following statement:
  • "We've carried out detailed investigations and can't find any evidence to suggest that the interview with Alessio Rastani was a hoax. He is an independent market trader and one of a range of voices we've had on air to talk about the recession."
 It appears Rastani has touched a nerve.

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  1. Obviously I'm in the minority, but I actually find his honesty refreshing. I also don't have any ill will with how he describes his role as a trader, and the rules of the game. He is simply looking for opportunities to make money, and a recession can be one of those times. Ironically, it's the psychopath who's the liar, he's being honest. But I guess few people want to hear the truth.

  2. Not so much a "Master of the Universe"


  3. Garth Turner says Rastani has no credibility and is a "showboat looking for speaking gigs".
    Funny, this would be a good description of Turner himself.

  4. @anon
    "showboat looking for speaking gigs".
    Funny, this would be a good description of Turner himself."

    Funny I thought about the exact same thing as I read this comment. His blog is just a joke. He's simply trying to get more client for his financial advisory business. This guy is very dishonest and paint himself as a helper... what a scam... He's a politician after all, these guys are hopeless... he's just sneakier than the average