Posts filed under “Taxes and Policy”

Are Bankers Incompetent Morons?

Shorter Floyd Norris:

We bankers are idiots, we can’t do basic math, have little in the way of risk management. Lobbying for FASB rule changes is the only way we can cope. Also, our investors may likely be idiots also.

Longer version can be found here:

Banks Plead They Can’t Follow Rules
FLOYD NORRIS
NYT, January 11, 2008
http://www.nytimes.com/2008/01/11/business/11norris.html

Discuss . . .

Category: Corporate Management, Finance, Financial Press, Taxes and Policy

Google Gets Its Elections On!

Category: Politics, Taxes and Policy, Web/Tech

Read it here first: Incentives Distorting Home Prices

Category: Credit, Real Estate, Taxes and Policy

NYT: Blaming the Fed for the Sub-Prime Mortgage Crisis

Category: Credit, Federal Reserve, Real Estate, Taxes and Policy

Federal Reserve Department of Irony

Category: Federal Reserve, Fixed Income/Interest Rates, Psychology, Real Estate, Taxes and Policy

More Trouble for Mortgage Securitizers?

Category: Credit, Real Estate, Taxes and Policy

Treasury Plan to Freeze Mortgage Rates

Category: Credit, Derivatives, Economy, Psychology, Real Estate, Taxes and Policy

No Conspiracy Theory — Just Data

Category: Data Analysis, Psychology, Taxes and Policy

US Leading Global R&D Spending

Category: Corporate Management, R&D, Taxes and Policy

The Abysmal Track Records of Moody’s, Fitch and S&P

Category: Credit, Derivatives, Real Estate, Taxes and Policy