Monthly Archives: January 2009

Do You Want to Play Against Those Guys?

"Consider what Charles Ellis, who helps oversee the $15-billion endowment fund at Yale University, said: "Watch a pro football game, and it's obvious the guys on the field are far faster, stronger and more willing to bear and inflict pain … Continue reading

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Roubini Was Right Before. Will He Be Right Again?

"As long ago as February 2007, Roubini was writing on his blog that “the party will soon be over,” and warning of “painful consequences for the U.S. and the global economy.” By last February, his tone had become apocalyptic, raising … Continue reading

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Wall Street Bonuses Down 44% in 2008

NYT 1-28-09 But still sixth largest on record.  Read the statistics of the job meltdown. "Mr. DiNapoli said the average Wall Street bonus fell 36.7 percent to $112,000 in 2008. The average decline was smaller than the drop in the … Continue reading

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Good Liberal Arts Economics History

Roosevelt's failures on the economic stimulus side but successes with consumer psychology.  We need both today.  Great data in this article.  Sound brilliant in your financial discussions. FDRs Example Offers Lessons for Obama

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At Least Someone is Making Money – Paulson & Co.

Paulson & Co. Makes at least $420 Million Shorting RBS Thanks to Vicky Zhang for this post.

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Talk About a Pay Cut…

The Titans Take It On the Chin "At the beginning of 2008, Vikram S. Pandit, the head of Citigroup, owned shares in his company that were worth $31 million, according to Equilar. Today, his stake is worth $3.7 million. Mr. … Continue reading

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What, Exactly, Does Nationalization Mean? Are We There Yet?

"taxpayers are now the biggest shareholders in Bank of America, with about 6 percent of the stock, and in Citigroup, with 7.8 percent. But the government’s influence is far larger than those numbers suggest, because it has guaranteed to absorb … Continue reading

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Not Fate, but Human Error. We Can Fix That!

"Our capitalist system did not condemn us to this fate. Instead, it was largely a series of avoidable — yes, avoidable — human errors." Six Errors on the Path to Financial Crisis

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And You Thought It Was Bad in the U.S. Report from the U.K.

NPR Radio – 4 minutes Amazing data on the scope of the banking crisis in the U.K.

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Keynesian Economics – Don’t Forget the T Word

Excellent, nuanced discussion of why were are here and what it will take by Robert Shiller, highly-regarded Professor of Economics at Yale University Download 2009-1-27 Robert J. Shiller_ Animal Spirits Depend on Trust – WSJ.com

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