Economics Research on Systemic Risks by eriposte Via Lambert at Correntewire and Yves at Naked Capitalism, here’s an interesting opinion paper by a bunch of academics from the US and Europe: The Financial Crisis and the Systemic Failure of Academic Economics Here’s the abstract: The economics profession appears to have been unaware of the long […]
Even in retirement, I can’t get over being a psychoanalyst, or so it seems. When I look back over my posts, I’m obviously still focused on figuring out our recent history. I guess that’s just how my mind works. I feel like those poor traumatized vets who keep going over and over where they’ve been, […]
I know that many of you are just tired of the relentless focus of some on those early John Yoo OLC opinions that purported to give President Bush authority to do all manner of evil havoc after 9/11. For some, it’s become something like chasing down Nazi War Criminals after World War II. And I’m […]
Behind Insurer’s Crisis, Blind Eye to a Web of Risk, September 27, 2008 “It is hard for us, without being flippant, to even see a scenario within any kind of realm of reason that would see us losing one dollar in any of those transactions.” Joseph J. Cassano, a former A.I.G. executive, August 2007 The […]
Coulter jabs Obama at CPAC March 1, 2009 Conservative political commentator Ann Coulter’s 15-minute address at CPAC played more like a stand-up comedy act than a political speech. Coulter delivered line after line of jabs at President Obama, the Democratic Party and the media – each met with roaring laughter from the crowd. The commentator – […]