media

I was on a panel of bloggers at a conference at the Columbia School of International and Public Affairs, “Facing the Fracture: Media & Economic Understanding.” The event, organized by Anya Schiffrin and sponsored by the Roosevelt…

I am on my way to a conference called Facing the Fracture: The Media and the Economic Crisis at Columbia University sponsored by the Roosevelt Institute and I wanted to run a few thoughts on blogging by you. What I am going to say applies…

Mortgage fraud was rampant during the housing boom. Regulators were asleep at the wheel during all of this. But now we are getting some indictments as WFAA News 8 in Dallas reports (hat tip Housing Wire). This television station did the…

I see Diana Olick’s recent comments about government mortgage modification programs as proof that these props will not work. She says: Despite extraordinary loss mitigation efforts that have resulted in the execution of approximately…

Michael Lewis is out with a new book “The Big Short: Inside the Doomsday Machine” which discusses how the big hitters on Wall Street destroyed $1.75 trillion of capital. His phrase ‘Doomsday Machine’ is reminiscent of former IMF chief…

The video below from the Wall Street Journal gets at the heart of why the bailouts have been so toxic for the economy. Banks, still laden with existing bad loans to small businesses, are unwilling to make new ones. Businesses, unable to…

The Bloomberg video is a bit sensationalist in my opinion. But it gets to the heart of the problem in Europe, namely Spain. Spain has an economy and debt which is an order of magnitude larger than Greece. That means that problems in Spain…

Ann Lee and Dan Alpert joined Bloomberg’s Pimm Fox today to talk about the housing market recovery. Lee, a professor of finance at New York University, was sceptical that population growth predicts any substantial increase in housing…

This 30 Rock parody almost has it down.

  If you’re wondering where these ridiculous, hare-brained comments are coming from, then watch this video and listen to Rick Santelli speak about predatory lending. The only one who acquits herself in this segment is Janet…