For those who want to have an extended conversation on Angry Bear on a topic that becomes increasingly private over time, we can try this: Create a post page for an ongoing project. So…on my Continuing conversation page page I include any notes I want my ‘team’ to see. When there are new information or […]
The Bulletin On line has an interesting set of essays on modeling and global warming. I snitched it from CoRev.
I have pulled two quotes from comments from a reader that state a view that might not occur to us. They are out of context, but I think might have some discussion value about perspectives. The first appears to stem from some of Greenspan’s ideas in a post on OCC regulation and state regulation. The […]
We are trying this open post on a Friday night. Blogger does not support threaded comments and such. But, the mike is yours, civility is not waived.
Even with the drop in employment the new data really does not add much new information to what we knew a month ago. Interestingly hours worked rose this month. But the first quarter average is 107.4 as compared to 107.7 last quarter. This gives you about a 1.1% quarterly drop–seasonally adjusted annual rate — for […]
The Chicago Tribune carries this story: New Orleans – If you think the prescription drug you took for headaches caused your heart attack, the Food and Drug Administration says you can’t sue the maker for injury if it met agency standards.The Consumer Product Safety Commission says you can’t sue a mattress maker if your mattress […]
The ABX.HE index, which is based on credit default swaps on different tranches of subprime mortgage-backed securities. (Federal Reserve Bank of Cleveland) Hat tip to Jim Satterfield for this link to Marketplace public radio. Bob Moon is the Senior Business Correspondent. MOON: OK, I’m about to unload some numbers on you here, so I’ll speak […]
From Rdan’s Sallie Mae post I got the urge to hunt because vtcodger mentioned greed. Greed? Yes, I have recently learned that one person who works to manage the endowment fund for Harvard got a bonus for last year performance that was less than the year before of $2M. Imagine that! The endowment is so […]
Higher Ed Watch reports on Sallie Mae: Last week, we wrote that Sallie Mae and its promoters on Wall Street claim the company was “blind-sided” by the rising default and delinquency rates on subprime private loans it made to low-income and working class students at poor performing higher education trade schools. It’s a convenient argument […]
Here is Avinash Persaud, writing on Willem Buiter’s blog, with his take on the problem: Why Bank Risk Models Failed and the Implications for what Policy Makers Have to Do Now, by Avinash D. Persaud: Sir Alan Greenspan, and others have questioned why risk models, which are at the centre of financial supervision, failed to […]