Wed 2008-10-22 00:00 EDT
makes Topic in The Credit Debacle Catalog
Fri 2008-07-04 00:00 EDT
AlterNet: Real Journalists Don't Make $5 Million a Year
by Chris Hedges; "The popular media are courtiers...They are the smiley faces of a corporate state that has hijacked the government and is raping the nation."
5; AlterNet; makes; Real Journalists; years.
Thu 2008-07-03 00:00 EDT
Faustian economics:
Hell hath no limits--By Wendell Berry (Harper's Magazine); "Our true religion is a sort of autistic industrialism"; "our 'identity' is located not in the impulse of selfhood but in deliberately maintained connections"; "in the phrase 'free market,' the word 'free' has come to mean unlimited economic power for some, with the necessary consequence of economic powerlessness for others"; "we confuse limits with confinement...our human and earthly limits, properly understood, are not confinements but rather inducements to formal elaboration and elegance, to _fullness_ of relationship and meaning"; "we want to make our economic landscapes sustainably and abundantly productive, we must do so by maintaining in them a living formal complexity something like that of natural ecosystems. We can do this only by raising to the highest level our mastery of the arts of agriculture, animal husbandry, forestry, and, ultimately, the art of living."
Thu 2008-07-03 00:00 EDT
Information Arbitrage: Straight-talk on FAS 157: Blackstone and their Banker Buddies Have it Wrong
gap management; "Trading risk becomes liquidity risk when you can't trade...Do real stress-testing of liquidity scenarios and construct a capital structure that address much of the liquidity risk posed by non-standard assets...So why do risk managers and bank managements' so consistently make bad decisions? Probably because there is an over-reliance on measures that are seemingly quantifiable."
Banker Buddies; Blackstone; FAS 157; Information Arbitrage; straight-talking; wrong.
Fri 2008-06-06 00:00 EDT
naked capitalism: Should the Fed Be Independent?
Jeffrey Lacker; Fed "increasingly making resource allocation decisions which are political in nature and should arguably be debated and determined in that realm"
Thu 2008-05-29 00:00 EDT
Jeff Matthews Is Not Making This Up: Congress Blames the Hedge Funds--Yeah, That's It!
Jeff Matthews Is Not Making This Up: Congress Blames the Hedge Funds--Yeah, That's It! commodity speculation trumped by oil price fundamentals
Sat 2008-04-12 00:00 EDT
Hillary's Flimsy Case : Rolling Stone
Hillary's Flimsy Case, by Matt Taibbi, Rolling Stone; Obama "running as a symbol of a new politics...But if it were to get out that he's not that...then he quickly morphs into a different kind of symbol, a symbol of how an essentially bankrupt political system can seamlessly repackage itself to a fed-up marketplace by making cosmetic changes, without altering its basic nature." "In American politics, always look for the worst possible scenario to emerge triumphant"
Sun 2007-12-02 00:00 EST
Speech, Bernanke --Deflation-- November 21, 2002
Deflation: Making Sure "It" Doesn't Happen Here; remarks by Governor Ben S. Bernanke, 2002-11-21; policy responses available to cure deflation; "Sustained deflation can be highly destructive...and should be strongly resisted"; Helicopter Ben orgin
Thu 2007-09-27 00:00 EDT
Calculated Risk: Who Should Pay the Rating Agencies?
comparison to FICO, consumer credit scores; lenders seen "going out of their way to make sure those reports didn't tell the whole picture"
Sat 2007-09-15 00:00 EDT
Hussman Funds - Weekly Market Comment: September 3, 2007 - The Problem With Financials
2007-09-03; "I don't believe it's possible or useful to make short-term market forecasts"; "problems for financials are just beginning"
2007; Financial; Hussman Funds; problem; September 3; weekly market comments.
Fri 2007-09-14 00:00 EDT
Heard on the Street - WSJ.com
Marking Down Wall Street, by David Reilly; mark-to-model, mark-to-make-believe accounting rules
Mon 2007-09-10 00:00 EDT
Making Other Arrangements | James Howard Kunstler | Orion magazine
Making Other Arrangements: A wake-up call to a citizenry in the shadow of oil scarcity, by James Howard Kunstler | Orion magazine (2007-01)
Fri 2005-10-21 00:00 EDT
NEW AMERICA FOUNDATION
Lawrence Wilkerson transcript, New America Foundation: Weighing the uniqueness of the Bush administration's national security decision-making process