Category Archives: subprime crisis

Learning from our mistakes

Let’s hope. Just as there are recurring themes in literature—and flies in the wake of a garbage truck–there a few things that we can reliably count on in the wake of a financial crisis. In the immediate aftermath comes damage … Continue reading

Posted in Financial Crisis, subprime crisis | Tagged , , , , , | Leave a comment

Glad I don’t work for a ratings agency…..

The Financial Times reports today that Portuguese banks have lashed out at Fitch Ratings after the rating agency repeatedly downgraded the banks over their funding and liquidity risks. According to the report: Banco Espírito Santo said it was terminating its … Continue reading

Posted in subprime crisis | Tagged , , , , , | Leave a comment

Make them pay…make them pay

Carried away by ever-rising real estate prices and aided and abetted by new types of financial instruments, the financial system’s overindulgence in risk has left taxpayers with a nasty hangover, a hefty tab, and a desire to make someone pay. … Continue reading

Posted in subprime crisis | Tagged , , , , , , , | 1 Comment

An economist at the movies

Although movies dealing with themes of economics and high finance are common, it is rare to see films with economists cast in starring roles.  This past week I managed to see two. In Freakonomics: The Movie, the economist is portrayed … Continue reading

Posted in Financial Crisis, financial regulation, subprime crisis | Tagged , , , , , , , , , , , | Leave a comment