When those who point fingers seek blame for the financial crisis of 2008 (we are yet to have an official historical name for this disaster) the common refrain is deregulation of the financial industry, but some examination seems to be
Read More
I am not sure what led me to a 400 page book about a single investor’s single short position on a single company, but once I entered the book I could not put it down until I finished it. Fooling
Read More
Wall Street’s financial leaders have been paraded before Congress to explain their efforts to restore stability to our financial system. Obama has turned on the populist spigot to demonize Wall Street to justify bigger taxes and fees and hip shot
Read More
In several past postings reviewing the recent financial meltdown, I have noted the pivotal role played by Fannie Mae. A toxic mix of arrogance and incompetence infected Wall Street. Bad political, monetary, and tax policy inflated the housing market bubble.
Read More
Recent Comments