Monthly Archives: March 2009

Out of Touch English Professors

I read two things nearly back to back. Stanley Fish, who is making an interesting career out of being cranky in his old age, thinks the term neoliberal has no meaning. He refers to it as “an academic catchphrase” and … Continue reading

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Making a Prediction

Kevin Drum asks a question about the numbers Nemo and I wrote: But it’s a pretty important question that some financial engineering types should spend some more time on. If, in the end, the toxic waste gets overvalued by 10% … Continue reading

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Financial Sector Invariance

So what’s the endgame, and why are people taking so many positions? I want to illustrate one quick economics idea, keeping with the non-finance/econ background. There’s this thing called the Coase Theorem. Under a lot of insane assumptions, people can … Continue reading

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1 4 24

Deep thought of the night: There’s a bar game called 1-4-24: 1-4-24 – I don’t see any good website for this game, so I’ll explain the rules. Only one player rolls at a time. He rolls 6 dice, and keeps … Continue reading

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Agents Looting FDIC while cranking the Vol.

I want to add another layer to the Geithner Put Model I created yesterday, but I’m going to try to keep it accessible to non-finance people, so bear with me if you know what volatility is already. We took a … Continue reading

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Modeling an FDIC Robbery.

I want to explain the Geithner Put for those without a finance background who want to understand how FDIC is going to get looted. (Warning: Will contain graphs, and be long and boring even by normal standards here.) Recap: Banks … Continue reading

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FDIC

Funny, I had started putting together a resume again. I was considering trying to work for FDIC – all this crisis of capitalism plus the Do Something Important wave I’m feeling from Obama, working for the government and trying to … Continue reading

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Financial Crisis Primer, Less Family Friendly (But Way Better)

God bless Matt Taibbi. He’s a great angry writer, and he’s nailed AIG and the financial crisis perfectly. I remember him from back during the 2008 election, when New York magazine thought it would be a great idea to post … Continue reading

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Financial Crisis Primer, Family Friendly

Know someone who needs to be brought up to date on the current financial crisis? This video (h/t og) is really good – it gets all the major strokes, and has a lot of neat flash animation and popping sounds: … Continue reading

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Confinement

Speaking of the mass imprisonment of Americans, I saw this chart recently and was floored: That is Mental Hospital versus Prison rate, with the total added together rate (which is the highest rate, of course). There were as many people … Continue reading

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