Oct
6
Are Scandals Inevitable in Regulated Industries?
October 6, 2008 | 2 Comments
As the financial system comes crumbling down, the 20/20 hindsight begins. Of course the casualty of this latest fiasco will be free markets. But when you examine the industries that have had massive scandals, you'll find a list of the most highly regulated industries including telecoms (WorldCom), energy/utilities (Enron, NorthWestern) and banking (too numerous to [...]
Oct
3
Back To Basics
October 3, 2008 | 1 Comment
The major news right now is the so called credit crises. Banks aren't lending to each other so the government is going to spend close to A TRILLION dollars to fix the problem. It's depressing but we can't dwell on it. (Just remember if your congress(wo)man voted for it in November, voting is the best [...]
Oct
2
Warren Buffet On the Credit Crises
October 2, 2008 | 2 Comments
When Buffet dies I guess we're all in trouble. Nobody can explain this stuff except him. (end sarcasm) Warren Buffet is interviewed about the credit crisis on CNBC. You can read some excerpts here: http://mathoda.com/archives/433 One quote I'd like to point out: Beware of geeks with clever computer models: “I mean they had all these [...]
Oct
1
What Happens If We Don't Bail Out Wall Street?
October 1, 2008 | Leave a Comment
Nothing. No one will die. No wars will start or end. A buddy asked me what would happen if the bail out didn't go through. My buddy has a degree in finance and a master in economics. He's worked at a large bank for 5 years. I've told you this to illustrate the point. No [...]