Some experts and some non-experts have pointed a finger at the Community Reinvestment Act as part of the reason behind the housing bubble bursting and setting off an economic crisis. I afforded it due consideration, but when all is said and done holds minimal blame in the grand scheme.
The failures in government regulation undoubtedly played [...]
Archive for September, 2008
How Much Blame To Throw At the CRA?
Posted in Business, Politics, tagged Bailout, Banks, Community Reinvestment Act, Economy, Fannie Mae, Freddie Mac, Glass-Steagall Act, Gramm-Leach-Bliley Act, Home Mortgage, Mortgage Backed Securities on September 30, 2008 | 2 Comments »
Playing The Wrong Kind of Politics Dooms The Bailout Package
Posted in Business, Politics, tagged Bailout, Economy, Election, George Bush, Great Depression, Politics, Stock Market, Wall Street on September 30, 2008 | 2 Comments »
Question. What kind of recipe do you get when you have a Congressional election year, a financial crisis, and misinformed voter anger? A recipe for disaster.
And now our politicians in Washington are, for all intensive purposes, are sitting on their hands by voting down the $700B bailout package in the House today. In response the [...]
The Rolaid Bills
Posted in Sports, tagged Buffalo Bills, Football, NFL, Sports on September 29, 2008 | Leave a Comment »
Buffalo sports fan are lovable losers. We’re perpetual pessimists scorned by a history of failure. Our expectations never fail to account for the worst possible outcome. Every dramatic moment our teams have been a part of invariably end with us being on the short end of the stick. “Wide Right” and “No Goal” are part [...]
Financial Risk Management: The Problem With Applying Statistical Models To A Random System
Posted in Business, tagged Gaussian, Lending Institutions, Quantitative Analysts, Quants, Randomness, Risk Management, Statistical Arbitrage, Statistics Model, Stochastic Calculus, Stock Market, Trading Firms on September 26, 2008 | 3 Comments »
Having digested more then my fair share of reasons behind the market crash from television to radio to print to the blogosphere, I’ve been saturated by the common theme of corporate greed and corruption. I don’t buy it as anything other then a compulsory and secondary component to a free market economy. This is, of [...]
