Took forever to get home from Indianapolis yesterday — 90 minute flight, with weather and congestion delays. took far too many hours. I am still recovering, but it was a great conference and the trip was well worth it. I love speaking to sophisticated farmers and ranchers who run a cooperative power association — surprisingly savvy folks, smarter than the geniuses who caused the meltdown.
Anyhow, I have a a few posts today after the open today, but here’s what I am looking at this morning:
• Why the Bulls Just Won’t Die (Barron’s)
• Profits Squeezed at the Margin (Barron’s)
• Did the CRA cause the mortgage market meltdown? (Minnesota Fed)
• The Big Banks’ Best Friend in Washington (Washington Post)
• Credit Relief May Not Last Long (NYT)
• Roubini Finds Economy Even He Can Be Bullish On (Bloomberg)
• Banks’ Appraisal Conflicts Could Continue Under New HVCC Rules Cuomo’s office: “GSE’s knew they were buying loans with appraisal fraud…” : “Outside industry experts on Bank of America’s advisory council, speaking on the condition of anonymity, said they had hoped Countrywide’s shady past would be cleaned up within a year of the new ownership. But nearly a year later, we’ve learned that the Charlotte-based BofA has simply assumed the same practices that branded Countrywide a financial predator.”
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.