Archive for February, 2009
Mish’s Open Letter to President Obama
Image via Wikipedia
Okay, Mish and I are not politically aligned, but I like his approach and I think this Obama budget is going to be a powder keg in both parties. Full of democratic policy initiatives, much like the economic stimulus package, this budget is going to drive Americans and politicians crazy with images of [...]
Are Mortgage Brokers Vanishing?
Image by TheTruthAbout… via Flickr
I caught this quote over on LeadCritic.com (a blog about mortgage lead generation):
we have slowed for 2 reasons – the first is that all the leads we had purchased in the past are finding us again – or we are finding them – so no need for “new” leads, but more [...]
Gearing Up for Obama to Address Congress, Economy
Image via Wikipedia
Everyone is looking for a plan. The market is looking for any sort of clarity. Obama looks like he is throwing test messages (shit) against the people (the wall) to see what sticks. Don’t get me wrong–this is a hard problem and a tough job to steer out of this mess. But, between [...]
The Quants Killed Wall Street
Image via Wikipedia
Great article by Felix Salmon in Wired–Recipe for Disaster: The Formula That Killed Wall Street
I remember back in my DeepGreen Bank days structuring and pitching home equity portfolios for sale and securitization. It is amazing up in the ivory towers of Wall Street it got very abstract, while on the front-end of getting [...]
