Open Thread: Fed Intervention
Here’s a question which I hope the assembled crew can answer (in a civil tone!) How appropriately or inappropriately has the Fed...
The Greenspan Kaput
We can always count on Barron’s Alan Abelson to lay blame precisely where it belongs: At the feet of the maestro, Sir Alan...
Open Thread: Rescue Me!
(Since I hate embedded sounds, you can play this if you choose: Rescue_Me) >As we noted earlier today, the Fed, along with a slew of...
Constant Obligation Leveraged Originated Structured Oscillating...
This bit of humor has been circulating around Wall Street the past few days: Investment Dealers are excited to announce the newest...
Time to Warm Up The Helicopters?
A few items worth passing along this morning: The "contained" housing slowdown, and the "contained" subprime...
Advice for Rich Uncles and Others . . .
I am going to relate an anecdotal tale that, as far as I can tell, is true. The actual story matters much less than the lessons it...
Open Thread: Bear Stearns
On last night’s Kudlow & Company, I took some heat for my criticism of David Malpass’ ill-timed WSJ Op-Ed (The...
A Short History of the Credit Boom & Bust
Run don’t walk to read the WSJ page one article on How Credit Got So Easy And Why It’s Tightening. > Kudos to Jon and...
Notice to Loan Officers/Brokers
The following comes from a major U.S. mortgage writer. It is typical of what has been going on in the mortgage business over the past few...
The “Chutzpah” of Bear Stearns
"Chutzpah" (חֻצְפָּה) is a Yiddish word. It is defined as brazen audacity to the nth degree. It is used to...