Monthly Archives: December 2008

The Moral Hazzard: It Was 10 Years Ago

Long Term Capital Management was the beginning.

Posted in Economics

Free Market v. Intervention

The debate rages.

Posted in Economics

By Saying Yes, WaMu Built Empire on Shaky Loans

What a sham. An excerpt: As a supervisor at a Washington Mutual mortgage processing center, John D. Parsons was accustomed to seeing baby sitters claiming salaries worthy of college presidents, and schoolteachers with incomes rivaling stockbrokers’. He rarely questioned them.

Posted in Holy Grails

Time for A Reboot

Call him liberal. Call him conservative. Call him libertarian. It doesn’t matter, he is usually right on the money. Tom Friedman’s latest opionion is on target. An excerpt: I had a bad day last Friday, but it was an all-too-typical

Posted in Economics

Bernard Madoff in Barrons Circa 2001

Here is a 2001 Barrons article that 2008 apologists for Bernard Madoff clients probably wanted to forget about: Monday, May 7, 2001 Don’t Ask, Don’t Tell Bernie Madoff is so secretive, he even asks investors to keep mum By ERIN

Posted in Economics, Holy Grails

Geetesh Bhardwaj: His Firm AIG Invests with CTAs

Trend following critic Geetesh Bhardwaj has provided interesting hypocrisy here (and for my new edition of “Trend Following”), but the email that came in below from a trend following CTA is a topper. As you read it keep in mind

Posted in Trend Following

So You Look to the Government You Say?

Anyone who looks to the government for solutions…needs a full frontal lobotomy. Case in point.

Posted in Economics

Broke: The New American Dream

Posted in Multimedia

Madoff Investors; More Views

Henry Blodget offers some good food for thought on Madoff investors. Jeff Matthews also points fingers. And if you see this performance curve…run! How bad will this all get as it unravels? Really bad! What about Bernie’s accountant? One guy

Posted in Holy Grails

Biden: Economy Could ‘Absolutely’ Tank


Posted in Economics
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