The 'Big Short' Movie Gets It Right
One of the most widely anticipated films of the holiday season was released to big audiences and wide acclaim. It tells the tale of an epic battle between the forces of light and darkness, filled with...
View ArticleThe ‘Big Short’ Movie Gets It Right
The ‘Big Short’ Gets It Right Explanations driven by ideology don’t hold up. Bloomberg, January 6, 2016 One of the most widely anticipated films of the holiday season was released to big...
View ArticleLessons from the Crisis: Ending Too Big to Fail
Lessons from the Crisis: Ending Too Big to Fail Neel Kashkari | President Brookings Institution, Washington, D.C. February 16, 2016 Note* Thank you, David, for that kind introduction. It is great...
View ArticleCould the Fed Have Saved Lehman?
Let’s Put the Lehman Bailout Debate to Rest Rescuing the securities firm wouldn’t have mattered. The financial crisis was coming no matter what. Bloomberg, July 27, 2016 An old meme in new clothing...
View ArticleCan Senator Warren Jumpstart Financial Crisis Prosecutions?
Today is the eighth anniversary of the Lehman Brothers bankruptcy. Not enough time has passed yet for me to recall those anxious days without getting angry. Senator Elizabeth Warren has used the...
View ArticleBailout Nation Chapter Summary
In my recent conversation with Scaramucci, he said some lovely things about Bailout Nation. Afterwards, I went back to look over some reviews, and I saw this Amazon synopsis/review which I missed. I...
View ArticleTo Find the Cause of the Crisis, Answer These Questions!
Bad Explanations for the Financial Crisis Won’t Die Sorry, but the simple explanations don’t hold up. The causes were many, complex and interrelated. Bloomberg, January 18, 2017 Sometimes, when you...
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How Everybody Miscalculated Housing Demand
To hear an audio spoken word version of this post, click here. Why are there too few houses in general, and too few for sale? The pandemic has revealed a supply/demand imbalance in the Housing...
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All the Things We Do Not Know About SVB
The news broke Sunday afternoon that depositors would be made whole and would have full access to their accounts and money today; equity investors in the bank would take their losses and senior...
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What is a Bailout?
Silicon Valley Bank depositors made whole; Credit Suisse counter-parties saved; First Republic bondholders protected — are these bailouts or something else? Were these people “bailed out?” What are...
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