Tyler Cowen: “Predatory Borrowing The Bigger Problem”
Original title: Tyler Cowen, Apologist for Fraud? > Over the years, I’ve noted the problems I’ve had with Economists...
Cool Tool: Option Pain Calculator
Interesting webtool for visualization of option strike prices: via Option Pain
Another Foreclosure Denied
Here’s another example of a court refusing to roll over for an attempted Foreclosure by a bank, that may — or may not —...
Consumer Debt & Spending
This week, the Federal Reserve reported that revolving consumer credit had risen 7.4% from the same period last year. Outstanding...
Friday Night Jazz: The NightFly
Here’s an interesting name for Friday Night Jazz: Donald Fagen’s The Nightfly. The WSJ called The Nightfly "one of pop...
Mozilo Exit Payday: $110 Million Dollars
Nothing like a combination of reckless lending standards, aggressive stupidity and irresponsible behavior being rewarded. For pushing no...
Are Bankers Incompetent Morons?
Shorter Floyd Norris: We bankers are idiots, we can’t do basic math, have little in the way of risk management. Lobbying for FASB...
8 Big Numbers
Andrew Burkly of Brown Brothers Harriman & Co puts out a list of significant numbers each January. Its a clever way to think about...
Why Prediction Markets Fail
Over the years, I have been critical of prediction and futures markets. In particular, the specific ways certain parties misuse them...