Author

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

Economy

Why you won’t hear me using the word bankster

Edward Harrison Oct 26, 2009

In the months since I began this website, I have had some fairly harsh things to say about economic policy in the U.S., the U.K. and elsewhere. I have consistently condemned what I think is a captured government promoting an unstable…

News

News from around the web: 2009-10-26

Edward Harrison Oct 26, 2009

Homeowners walking away from underwater mortgages - MiamiHerald.com Strategic default on the rise. Economics and Moral Courage - Llewellyn H. Rockwell, Jr. Anecdote contrasting von Mises and Hans Meyer Government Porkfare Is No…

Economy

WaMu: Mr. Smith goes to Washington and turns predatory

Edward Harrison Oct 26, 2009

Remember the iconic Depression-era movie “Mr. Smith Goes to Washington, in which Jimmy Stewart plays the wholesome young man in Washington out to do good? Well, Mr. Smith could just as easily have been your friendly banker at Washington…

Economy

Why is Zero Hedge claiming the Fed is intervening in equities markets?

Edward Harrison Oct 26, 2009

I just came across a post on Zero Hedge called “An Overview Of The Fed's Intervention In Equity Markets Via The Primary Dealer Credit Facility.” Now, that’s a mouthful. As far as I can discern, the post’s purpose is to expose alleged…

Markets

Expect bankruptcy in the record Stuyvesant Town real estate deal

Edward Harrison Oct 25, 2009

Three years ago, MetLife agreed to sell the community of Stuyvesant Town (Peter Cooper Village) to Tishman Speyer and BlackRock for the exorbitant sum of $5.4 billion at the top the market. That deal has now gone completely pear-shaped and…

Economy

Too big to fail – Stuart Carlson edition

Edward Harrison Oct 25, 2009

The casino is open for business.

Economy

Anecdotes on reckless lending at WaMu from the Seattle Times

Edward Harrison Oct 25, 2009

The Seattle Times has a must-read piece on Washington Mutual today which reveals a lot of the fine detail on how the company was run and what led to its demise (hat tip calculated Risk). As with many of the other busted financial giants…

Markets

The latest bubble warning: Swedish house prices

Edward Harrison Oct 25, 2009

There is mounting evidence that bubbles are forming again everywhere across the globe as easy money makes itself felt in asset prices. The latest evidence comes from Sweden where Europe’s lowest home loan rates have pushed up the price of…

Markets

Wow, judges now nixing lenders’ foreclosure claims entirely in court

Edward Harrison Oct 25, 2009

This is probably my fourth post on the tangled web woven by securitization, which puts a considerable distance between home owners and mortgagees which own a mortgage. The issue is causing huge problems in bankruptcy and foreclosure…

Markets

Bohemian Bankruptcy – A tragedy by Drag Queen

Edward Harrison Oct 25, 2009

This is good. H/T Michael Panzner.

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