Paulson & Co Opening New Fund to Re-Capitalize Banks
There is no small amount of irony in this: "John Paulson, the money manager whose wagers against the U.S. housing market helped him...
Corporate Bailouts Through History
I came across an interesting piece in BusinessWeek from December 2007 on one of my favorite subjects: Corporate Bailouts Through History....
Who is to Blame for Bear Stearn’s Demise?
From our Things that make you go Hmmmm department: There is a meme going around about the death of Bear Stearns (BSC). According to some...
New Project(s)
What a crazy week — and the market is the least of it! We moved from our old space on Park Avenue & 49th (across from the...
The Fine Line Between Investment Grade and Junk
I love a capella, and enjoy a good economic parody. So how could I not love the Richter Scales ode to the 2007 credit crunch, sub-prime...
Martin Feldstein on the Housing/Credit/Economic Mess
Regular readers know that I am not a fan of the WSJ Op Ed page. In addition to their playing fast and loose with facts, I find their...
One Way Days: Are the rules different this time ?
That’s the intriguing question asked in a recent WSJ article, New Rules For Picking A Bottom? Don’t leap to the wrong...
A Demon of Our Own Design
I previously mentioned A Demon of Our Own Design in a linkfest a few weeks ago. I enjoyed the book a great deal, and just about finished...
CDO Insiders: “We Knew We Were Buying Time Bombs”
Here’s an email I received late yesterday from a friend, "R," who was in the CDO business from way back when to right...
“Dear Investor” — Quant Letters to Clients
These are floating around anyway, so we might as well offer them all up in one place: (Thanks, Rob!) Below you will find the various...