Monthly Archives: March 2009

Current Mood: Fraudulent.

Take note: livejournal isn’t just for cutters who think that Donnie Darko is the best movie ever made anymore. A wife of a senior IT executive at the financial products wing of AIG that blew up – AIGFP, has started … Continue reading

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Banks, Secretly Terrified

Financeguy brings up a really good point. Banks are probably scared, really scared, that so many people are discussing and arguing that this Geithner Plan is a massive giveaway from taxpayers to banks – and even more scared that they … Continue reading

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Go Greyhound.

Do you want a quick way to know if the bar you are drinking at is a respectable establishment? Check if the pint glasses have Greyhound Bus advertisements on them. In case you are drinking your beer late at night … Continue reading

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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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