Limbaugh Victim of His Own Entertainment

Radio talk show host Rush Limbaugh, reportedly, will be removed from a group of potential investors seeking to purchase the NFL’s St. Louis Rams according to ESPN.
Naturally, when it concerns a personality archetype the caliber of Rush Limbaugh, you have a starkly divided community on the issue.  Even more predictably is the type of response [...]

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Study Supports Expert Bias

ne of the more common logical mistakes we make is to turn to the expert bias, also known as the logical fallacy arguing from authority.  The logical error is committed by espousing expert credentials for sound logic, in order to make a logical argument.  A logical argument is founded on logic alone.  No amount of [...]

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Why Your Blog Hits Aren’t Really Yours

With the explosion in the number of blogs littering the internet, every blogger takes extraneous efforts to increase their visitor count.  The all important hit count is the singular indicator whether your blog is popular or not.
There are blogs dedicated soley to advising bloggers on who to get their blogs noticed, and attract a larger [...]

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Cantor Fitzgerald Moving HSX Into The Real World

The trading firm Cantor Fitzgerald will be starting a real world version of the Hollywood Stock Exchange – an online virtual trading world where players buy and sell movie and celebrity stocks.  Cantor will now offer movie studios to purchase bonds relative to a movie’s financial performance.
Cantor is actively recruiting veteran HSX traders to participate [...]

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Attention Main Street: Don’t Panic

With the Dow Jones Industrial average falling 369 points today and losing 3.6% of it’s value, plenty on Main Street might feel the urge to panic after taking a look at their 401k’s and modest portfolio’s.  Maybe Main Street has already started to panic after watching the stock market lose 1,100 points and 10% of [...]

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Assessing Risk Management As The Problem To The Economic Downturn

The New York Times published an article yesterday detailing how, in 2004, reduced federal regulations for investment firms where in they did not have to back their mortgage backed securities with capitol reserves, and thus allowing them to utilize those reserves in the investment market.  Keep in mind that following the repeal of the Gramm-Leach-Bliley [...]

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Was The CRA A Hungry, Hungry Hippo?

Courtesy of the Freakonomic blog, a 1999 NY Times article was dug up detailing Fannie Mae’s ease in credit requirements for low and middle income individuals.  Our good friend Frank Raines has the best line in the entire article.
“Fannie Mae has expanded home ownership for millions of families in the 1990’s by reducing down payment [...]

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How Much Blame To Throw At the CRA?

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 [...]

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Playing The Wrong Kind of Politics Dooms The Bailout Package

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 [...]

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Telecommunication Companies Gouging Via Text Message

When Comcast announced it’s plan to begin instituting a bandwidth cap, the tech community was in general consensus that bandwidth limits was not consumer friendly, and sparked considerable outrage from some consumers.  But there’s something else that should infuriate you about your data much more then how much your allowed to use every month.  Namely, [...]

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