One of my goals with these entries is to introduce readers to new, well-written books. One I read this weekend is The Big Short, by Michael Lewis. Lewis is the brilliant writer who has also penned, Liars Poker, The Blind Side, and Moneyball. The Big Short is the story of a dozen men who made fortunes betting against the housing
It seems that every significant event in history leads to a new vocabulary - new words or, old words and phrases used in new ways. The last year has been illustrative as writers and commentators struggle to find words or phrases to describe unique situations related to the housing and credit crises. Here are ten of my favorite
As most expected, the bailout provision did pass and is now law. And now the fun begins as our government is about to engage in an outsourcing binge with a $700 billion kitty. The stated intention of the Treasury Department is to employ a small internal staff (about two dozen people) to orchestrate and oversee the purchase of mortgages and
[caption id="attachment_142" align="alignleft" width="175" caption="null"][/caption] In an appearance last week on Fox Business News I opined that one of the problems with the discussion of the bailout is that the government has done a poor job explaining the issues. I believe that the American public is plenty able to understand the plusses
A major reason for the collapse of the "Bailout Bill" was anger on Main Street that the bailout was really just about helping Wall Street. Why should the average taxpayer help the fat cats? And, in the ongoing discussion about what remedies to consider right now, there is another, albeit less-articulated anger: the anger of those homeowners who
Posts
