- All politics aside, Soros’s views on boom-bust cycles deserve attention [Naked Capitalism] #
- Sebastian Mallaby on misplacing blame for crisis [Washington Post; but see] #
- Warren Buffett on subject of Fannie-Freddie oversight [MargRev] # Others (h/t @srcleere) say regulators did warn of Fannie/Freddie, but Congress protected them #
- Back from NYC meetup with Kevin O’Keefe and Matt Homann, learned huge amount from them about using Twitter #
- Nocera: Waxman hearing was point-scoring political theater [NY Times] #
- Hank Greenberg on AIG collapse [NY Times DealBook] #
Posts Tagged ‘mortgages’
Microblog 2008-10-05
- Are Citi-Wachovia-Wells Fargo doomed to relive Texaco-Getty-Pennzoil in court? [Ethan Leib, Prawfsblawg; more here, here] #
- GOP petrified at prospect of filibuster-proof Democratic Senate [Politico] #
- Iceland’s once high-flying banks: will bailout needs overwhelm small nation’s govt? [Salmon] #
- Splog rips off Blawg Review #175 in its entirety from rightful author J. Spencer. Will Blogspot do anything? [don’t give ’em a direct link] #
- A peek at a revamped Amazon Kindle due out for Xmas? [Carnoy, CNet “Crave”] #
- Courtesy Kevin O’Keefe, “Beer for Bloggers” event in Manhattan Monday evening [see you there?] #
- Good article on pressures on Fannie Mae to plunge into risky lending 2005-08 [Kudos to NYT] #
Microblog 2008-10-03
- Game-geek nostalgia: the “Play Generated Map and Document Archive” [Feral Child] #
- “A lawyer charging extra for stamps and copies is like a car wash charging extra for water.” [Matt Homann, The (Non)-Billable Hour] #
- Aside to attorney Stephen Otto, who asked about a mail- and copy-intensive bankruptcy case: I guess that might be the exception, like the desert car wash that you can understand might for water use by the gallon #
- Some reasons why Washington Mutual failure and rescue was a big deal [Kevin LaCroix, D&O Diary] #
- Analysis of bailout’s “excessive executive compensation” provisions [Hodak Value] #
- Roundup of credit crisis links [Point of Law] #
Microblog 2008-09-30
- Good bank/bad bank snipouts preferable to having taxpayers overpay for junky assets [John Hussman] #
- AEI’s Peter Wallison: don’t blame deregulation for credit crisis [Bloomberg.com] #
- Paulson’s been driving hard bargains, not bailouts, in rescues so far, sez Kevin Drum [MotherJones.com (!)] #
- More on Fannie and Freddie’s very special relationship to Congress [Wallison/Calomiris, AEI Financial Services Outlook]
- Gorgeous photos of “most alien-looking place on earth”, Yemen’s Socotra Island [Dark Roasted Blend]
Microblog 2008-09-29
- Kodachrome photos from New Deal era [via Susan Cartier Liebel] #
- “Bailout Watch” site [CEI] #
- Be very alarmed on credit panic [Nouriel Roubini] #
- Knew there was trouble when the toaster salesman offered a free bank. #
- Word of the day, “bageling”: when a stock goes to zero, i.e. “O” [ClusterStock] #
- “The GOP’s Wall Street friends”? Think again [David Frum] (& followups here and here) #
Microblog 2008-09-22
- I’ve renamed these telegraphic roundups “microblog” which seems more approachable than “Twitter”. Better name suggestions are welcome.
- Many countries had booms in housing finance, why was our meltdown worst? EconBrowser #
- Hail of dead cats from blogosphere for Paulson bailout plan PoL #
- Stunningly bad McCain idea: have Andrew Cuomo run SEC Mickey Kaus #
- Business historian John Steele Gordon on origins of mortgage meltdown NYT Freakonomics guest post #
- Going after lawyers in mortgage mess? New York Law Journal #
- Obama to pick centrists for high court? Not if advisers Minow and Tribe can help it Kerr @ Volokh #
Blogging the credit crisis
Here are the ones I’m reading.
Subprime mortgage catastrophe
WLF on Rhode Island lead paint verdict
Attorneys Thomas R. Bender, Richard O. Faulk, and John S. Gray analyze the Rhode Island Supreme Court ruling in the lead paint case, detailing the history of the case and note the implications for other public-nuisance suits in the global warming and mortgage foreclosure fields.
“Affordable housing” push fed subprime bubble
It wasn’t exactly a failure of unregulated business, even if many of the lawsuits are going to push that theme (Carol D. Leonnig, “How HUD Mortgage Policy Fed The Crisis”, Washington Post, Jun. 10)(via Hans Bader).