Archive for March 14th, 2009

Simon Johnson Gives Economic Lessons On Comedy Central

Simon Johnson tries to keep a straight face on Comedy Central. It takes a few entertaining minutes to get there.   It Could Be Worse – Simon Johnson Colbert Report Full Episodes Political Humor Rap Battle NASA Name Contest The Colbert ReportMon – Thurs 11:30pm / 10:30c

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TALF Is Having Trouble Getting Off The Ground

The shadow banking system is proving harder to recreate than anticipated. Bloomberg reports that the Fed delayed the March 17 deadline for submission of packages by two days as investors have had trouble agreeing to contract terms. The first round is intended to include loans for autos, education, credit cards and small business loans. Given [...]

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Simon Johnson On The Need To Save Europe

Simon Johnson has a must read piece in the Telegraph. It’s title is “G-20′s Real Agenda Should be Saving Europe From Itself. In case you aren’t familiar with Mr. Johnson, he was the chief economist for the IMF and is widely respected. Mr. Johnson also writes a blog called the Baseline Scenario which day in and day [...]

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The G-20 Comes To Some Conclusions

The G-20 finance ministers released a statement promising to fight for truth, justice and the American Way. Honestly, I don’t know why I and others wast any time at all writing about this stuff. Just to brighten your day and so you know that the politicians of the world are on top of things, here from [...]

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FICO Mutations And Subprime On The Way Back

The NYT has an OK piece this morning about walking away from your mortgage. It goes over well plowed ground, so if you’ve been reading up on this don’t bother with it. If not, it’s worth five minutes. A couple ideas occurred to me as I skimmed it. The author speculates that the hit to [...]

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