February 18, 2009
TV alert: Tonight's Charlie Rose show on PBS will be a roundtable on the economy/crisis/depression with Nouriel Roubini (RGE/NYU), Mark Zandi (Moody's), and Nina Easton (Fortune)....
After dishing on banks for some time, banker-bear Meredith Whitney is apparently leaving Oppenheimer to start her own firm. StreetInsider has the story: Uber-bearish banking analyst Meredith Whitney is reportedly leaving Oppenheimer to start her own firm. Meredith has become...
I generally liked last night's Frontline segment on the credit crisis, especially the first half. It hit the highlights. My biggest complaint? Two-parter: Not enough bankers talking, too many journalists, and too few bloggers. On the last point, not me...
This clip is getting passed everywhere , so I might as well stop the emails and post it here. It's comedian Louis C.K. on the Conan O'Brien show talking about how our world is wasted on the "crappiest generation of...
Good interview with Yale CIO David Swensen up at ProPublica. Some excerpts follow, and the full piece is here. On consultants Having a consultant is very easy compared to going out and trying to find two or three high-quality professionals...
I'm sure it's me being me, but this opening platitude from ex-Fed chair Alan Greenspan's speech last night a the Economic Club of New York bothered me: These are perilous times. But history tells us they will pass. Of course...
My friend Doug Kass has a similar take to my own on the questions raised by Warren Buffett's decision to sell parts of some core stock positions: Specifically, Buffett has surprisingly sold off portions of some meaningful core positions, including...
I just can't believe in the middle of the night we would oust our leader. -- California Senator Abel Maldonaldo (R.) in SD U-T Remarkable the depths of madness to which the California situation is descending, as the...
I haven't written on the subject of mortgage modification plans, and am generally of the view that you protect people, not assets. So, what I'm seeing from the Obama administration already looks worrisome. By way of other approaches, Barry has...
Like most parents of young kids, I spend a good deal of time trying to convince myself that university is a waste of time. It is partly because I've been there and I know it is largely a waste of...
Greenspan backs bank nationalization (FT) Germany, France may face bailouts of other EU nations (Bloomberg) A look at the Canadian oil sands (National Geographic Magazine) Marc Faber OpEd says same things as usual about easy-money and the global financial...
My amigo Mike Panzer at Financial Armageddon -- a blog about financial Armageddon, in case you're curious -- has a new book out about financial armageddon. Called When Giants Fall, Mike's new book gets a review at Bloomberg tonight. Put...
