finance | crazymonk.org

finance

The New York Times on homeowners, lost equity, and scaled-back lifestyles. The article focuses on Reno, Nevada, where I recently moved, describing a recent decline in consumerism. (0) #
11/8/2007

In light of the Federal Reserve's recent injection of $38 billion dollars into troubled financial markets as a result of the subrime loan bubble, economists Gary Becker and Judge Posner both have criticized government bailouts. My friend Matt (scary shit) put it succinctly as thus: the government is subsidizing the risk but privatizing the profit of financial institutions. (40) #
8/19/2007

Tom Wolfe on the latest Masters of the Universe phase: the hedge fund manager. (0) #
4/18/2007