My just-got-back-from-Shoals-Bay reading :

• Icelandic Anger Brings Debt Forgiveness in Best Recovery Story (Bloomberg)
• Ben Bernanke: Washington’s Quiet Hero (The Daily Beast)
• Designing Mortgage Bundles to Fail: It wasn’t just GS (WSJ)
•  Massachusetts Home Seizures Threatened in Loan Case: (BusinessWeek) see also Some Doubt a Settlement Will End Mortgage Ills (NYT)
• Don’t sell a dull stock market short (Market Watch)
• Comcast Is Launching a Netflix Competitor (WSJ)
• Yelp, Facebook IPOs to Enrich ‘PayPal Mafia’ (Bloomberg)
• Apple’s iMessage: All Your IMs Are Belong To Us (And Phone Network SMS Revenues, Too) (Fast Company)
• Magic Ink (Worry Dream)
• Full Spectrum Reading List: 7 Great Books by TED 2012 Speakers (Brain Pickings)

What are you reading?


Investors Shrug at U.S. Small-Cap Surge

Source: WSJ

Category: Financial Press

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.

9 Responses to “10 Tuesday PM Reads”

  1. AHodge says:

    Re ” Designing Mortgage Bundles to Fail: It wasn’t just GS”
    completely agree w the title
    but the SEC going after Mizuho as # 2 is highly unsatisfying
    they still refuse to go after any of the rescued companies for selling bad stuff
    apparently out of fear of the ” how could we have known, it nearly broke us also” defence
    in several cases i know of including Merrill, the “customer” it was placed with
    was another part of merrill.

  2. MorticiaA says:

    More like looking at pictures than reading, but – “The street views Google wasn’t expecting you to see”

  3. Sechel says:

    Re: Designing Mortgage Bundles to Fail: It wasn’t just GS

    I believe the attitude was that if you were designated as “sophisticated” and the offering was private placement then anything was permissible, even if the buyers were just idiots with other people’s money.

    As an addendum, has anyone thought that we could solve a great deal of this, if we just did away with private placements and put the fear of lawyers in the guys peddling this cr@p.

  4. GoBigRed says:

    I’m reading Design in Nature: How the Constructal Law Governs Evolution in Biology, Physics, Technology, and Social Organization by Adrian Bejan and J. Peder Zane.

  5. Mike in Nola says:

    Seems like the Apple instant messaging announcement shows an intention to wall off its users from other OS’s even more. Maybe I missed it, but haven’t seen any ref. to making it available on other platforms, say to the other 90% of desktop users. I’m not an IM user, but do remember that MSFT has had Windows live messenger clients available for Windows, Apple desktop and Phones and Blackberry devices for a couple of years.

    BTW, the Google cookie scandal shows the weakness of how all but IE9 have tried to fight tracking (and even IE9 withouth tracking lists enabled). FF and Safari relied on the kindness and honest of strangers, i.e. mostly google to respect the browsers settings that try to avoid tracking. I always thought it was a stupid idea given the track record of those trying to make a buck out of user info.

    IE9 adopted the tracking list method which simply won’t accept cookies from sites on blocking lists. If you have google and it’s minions on the blocking lists and have antitracking on, they ain’t gettin through. Unfortunately, it is not on by default; my guess is that MSFT was worried about antitrust since use of the feature screws Google pretty good.

    It does appear that there may be a Safari add on that might do tha job. I don’t have any way to verify it and cannot endorse it, but you might want to check it out.

  6. Jojo says:

    Robert Reich
    The GOP’s Big Investors
    Tuesday, February 21, 2012

    Have you heard of William Dore, Foster Friess, Sheldon Adelson, Harold Simmons, Peter Thiel, or Bruce Kovner? If not, let me introduce them to you. They’re running for the Republican nomination for president.

    I know, I know. You think Rick Santorum, Newt Gingrich, Ron Paul, and Mitt Romney are running. They are – but only because the people listed in the first paragraph have given them huge sums of money to do so. In a sense, Santorum, Gingrich, Paul, and Romney are the fronts. Dore et al. are the real investors.

    According to January’s Federal Election Commission report, William Dore and Foster Friess supplied more than three-fourths of the $2.1 million raked in by Rick Santorum’s super PAC in January. Dore, president of the Dore Energy Corporation in Lake Charles, Louisiana, gave $1 million; Freis, a fund manager based in Jackson Hole, Wyoming, gave $669,000 (he had given the Santorum super PAC $331,000 last year, bringing Freis’s total to $1 million).

    Sheldon Adelson and his wife Miriam provided $10 million of the $11 million that went into Gingrich’s super PAC in January. Adelson is chairman of the Las Vegas Sands Corporation. Texas billionaire Harold Simmons donated $500,000.

    Peter Thiel, co-founder of PayPal, provided $1.7 million of the $2.4 million raised by Ron Paul’s super PAC in January.

    Mitt Romney’s super PAC raised $6.6 million last month – almost all from just forty donors. Bruce Kovner, co-founder of the New York-based hedge fund Caxton Associates, gave $500,000, as did two others. David Tepper of Appaloosa Management gave $375,000. J.W. Marriott and Richard Marriott gave a total of $500,000. Julian Robertson, co-founder of hedge fund Tiger Management, gave $250,0000. Hewlett-Packard CEO Meg Whitman gave $100,000.

    Bottom line: Whoever emerges as the GOP standard-bearer will be deeply indebted to a handful of people, each of whom will expect a good return on their investment.

    And this is just the beginning. We haven’t even come to the general election.

  7. Arequipa01 says:

    Now Glyphosate (Roundup) Found in People’s Urine

    So if you look up glyphosate and try to open a link at the NCBI – National Center for Biotechnology Information- 404′d just dead- last cached link from feb 19

    this link dead too: National Library of Medicine – National Institutes of Health

  8. Greg0658 says:

    reading yesterday – did some thinkin about – there was a suicide linked to & hadn’t heard anything of:
    the petite 35mm camera system of days past – but this was the medical image’g unit .. something about an exec offshoring some #s in an Caymen account and a whistleblower of 30 years with the company .. run of the mill stuff these days