Archive for December 15th, 2009

DeLong-Recovery Necessitates Enriching The Bankers

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Let’s Apply Commercial Real Estate Failure Procedures To Residential

This is a story you’ve read before and will undoubtedly read many times more in the next few years. It’s about Tishman Speyer Properties and its joint venture partner walking away from Playa Vista, a raw land play in Los Angeles they entered into in 2007. The WSJ has the details and you can click [...]

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EOC Takes On The Lynch Amendment

By all means read Economics of Contempt’s most recent post on clearinghouses. It’s a great tutorial on how they work in which he demonstrates why the Lynch amendment limiting swap dealers from owning more than 20% collectively of a derivatives clearinghouse is simply uninformed legislation. Be sure and read the comments as well as they [...]

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