September 26, 2008
My quote du jour is solipsistic again. Here's me from earlier today on Twitter: Carping at how Wall Street-ers will benefit from the proposed credit market bailout is like rodents in a sealed box arguing that poking new air holes...
Not sure if I've mentioned this book here before, and it's admittedly for the empirically minded, but the best book on the current crisis remains Riccardo Rebonato's excellent Plight of the Fortune-tellers. Great reading -- from before things melted down...
The other night on CNBC my friend Barry Ritholtz told a good story. He said that for the first time in credit market history loans between 2002 and 2006 were made on the basis of the ability to cut up...
When I was a child I had a fever. My hands felt just like two balloons. Now I got that feeling once again. I cant explain, you would not understand. This is not how I am. I have become...
The betting line on a financial markets bailout deal today is improving, and the market is responding accordingly. But John McCain is not coming out of this smelling of roses (nor, to some degree, is Obama, if only because he...
John Paulson of Paulson & Co. endorses Treasury action, but with preferred share and warrant coverage for we taxpayers. Agreed, of course, but I still think we end up with a mix of weapons: taking individual items off balance sheets,...
Because some men aren't looking for anything logical, like money. They can't be bought, bullied, reasoned or negotiated with. Some men just want to watch the world burn. -- Dark Knight (2008) Take your third deep breath in...
