Monthly Archives: April 2009

Random Links, 4/28

- Baseline Scenario: Pierre Bourdieu, Tim Geithner, and Cultural Capital. “Just like an education in art history is a marker of class distinction that is used to perpetuate class distinction, an education in modern finance is a marker of distinction … Continue reading

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Doing the homework

Sorry for the lax updates, I’ve been sick and chugging Wall-flu, the Walgreens generic Theraflu, like mad the past several days. I missed this from Matthew Yglesias: But like Ryan Avent I have to wonder if this is really a … Continue reading

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Mortgage CDO Footnotes

I want this to take the shape of a policy argument, so I’m going to next lay out what a prepayment penalty is, and why banning them at the federal level will not cost consumers as much as you may … Continue reading

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Ban Mortgage Prepayment Penalties at the Federal Level, 1: Texas

Prologue So I’m glad Texas is making waves about seceding from the United States right now, since it leads nicely into my first ever weekly project here at Rortybomb. I don’t know the specific talking points of the Texas Teabag … Continue reading

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Being Rich and Having Needs; TV

Needs Before going on, make a note of your income, and answer the following statements as true or false for your life: “I cannot afford to buy everything I really need” and “I spend nearly all my money on the … Continue reading

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Marking to Markets.

Banks Get New Leeway in Valuing Their Assets: The change seems likely to allow banks to report higher profits by assuming that the securities are worth more than anyone is now willing to pay for them. But critics objected that … Continue reading

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Liberal Fascism

I did not follow the hoopla over the book Liberal Fascism. I consider it one of those ~2006-2008 books where the Right was just going to get just slightly more hysterical about losing elections until the breakdown of 2009. And … Continue reading

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