Ratings Agencies 2007 = Equity Analysts 2000 ?
Way back in the late 1990s into the early 2000s, a previously well regarded group — stock analysts — subtly shifted the...
Goldman Sachs Conference Call Highlights
Paul has the full scoop: Highlights from Goldman Sachs’ Conf Call Today (Is it so wrong to find this terribly amusing?)
Quote of the Day: “the stunning failure of...
From the author of The Long Emergency, comes this just about perfect summation as to the present situation: “Last week’s...
Brief Foreclosure History & Mortgage Delinquency Maps
A very short history of how we got here: All of the turmoil in the CDO, hedge fund, and subprime space has come about due to a very...
Efficient Market/Random Walk Joke
Here’s my variation on the classic EMH joke: Two Economics professors are walking back to their offices after giving a lecture on...
10 Questions About CDOs
James Hamilton at Econbrowser asks the remarkably sanguine question: CDOs: what’s the big deal? He does a nice job looking at many...
Synthetic Credit Event Postponed . . .
A friend across the pond forwards this: You can’t make this stuff up!
CDO Hedge Funds = Enron ?
Last night’s discussion of the Bear Stearn’s Hedge Fund melt down was remarkably sanguine. I guess to those who look at the...
Fun with Subprime Debt
Following yesterday’s cartoon take (via Bloomie) on the SubPrime issue, today we see a different graphic approach —...
Who Owns Troublesome CDO/CMOs?
There is an interesting article in July Bloomberg Mag ("Toxic Debt")about who owns the CDOs and CMOs now causing so much...