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A Bailout Parable: Mad Meat
Posted By Barry Ritholtz On October 27, 2010 @ 9:15 am In Bailouts,Derivatives,Humor | Comments Disabled
I met Eric Von Berg at an ING conference where I had just given a speech. Afterwards, he handed me a copy of this short book he wrote and illustrated: Mad Meat! How securitized lending collapsed the financial system which now exists on life-support.
As the plane waited in the queue for takeoff in Atlanta, I started reading it. Byt he time we hit 2000 feet, I had finished. I found it delightful, and I am pleased that Eric allowed me to share it with you here:
Eric Von Berg is a principal at Newmark Realty Capital in San Francisco, and widely respected as a leader in the field of Commercial Real Estate Finance and Development. A former Chairman of the California Mortgage Bankers Association, Eric now sits on the Commercial Board of Governors for the Mortgage Bankers Association of America. He holds degrees from U.C. Berkeley and the Wharton School of Business and is a licensed California Real Estate Broker and Certified Mortgage Banker. Read more from Eric on his blog Capital Wisdom 
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2010/10/a-bailout-parable-mad-meat/
URLs in this post:
 Capital Wisdom: http://capitalwisdom.blogspot.com/
 MAD_MEAT! September 2010: http://www.scribd.com/doc/40224496/MAD-MEAT-September-2010
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