Monthly Archives: September 2008

Are we really going to argue whether the housing crisis is the result of the CRA? I’m hearing a lot of things like this, where “community organizers” and the Clinton Administration are responsible for the subprime lending of the past … Continue reading →

The recent wave of bank mergers are quite confusing. Wake up, and your WaMu account has been sold off. By afternoon, a commercial bank has swallowed an investment bank whole. And by evening, the government has bought out a massive … Continue reading →

There’s going to be several narratives on what went wrong with the financial markets. Almost any of them are going to involve the large number of defaults. Chris Hayes catches something: Much of what’s gone so wacky is simply that … Continue reading →

  Ezra Klein responds to the Wilmott piece with this: I actually agree with that proposal, but it wouldn’t have prevented the current mess. The traders powering these companies did not decide that they were going to invest in a … Continue reading →

One of two follow-ups to that Wilmott article. Note this intro from Wilmott’s article: I’M fairly risk-averse by nature and so have always ignored the offers from my bank to help me “manage my money more successfully.” Put the money … Continue reading →

I think a big question that is high in the financial crisis of this month is something akin to “How do these people not know who owes money to whom?” It confuses me, certainly. “Nobody is certain about this investment … Continue reading →

So I come home after finishing up a long project to start my weekend, and I see the best thing ever in my rss feeder. Seriously, after this week, it’s perfect. It is so awesome I’m going to add some … Continue reading →