The Death of Mortgage Refinance Looms

They're rather short sighted in discussing death. The real death will occur as interest rates rise and homeowners are prudently locked into these 30-yr low rate loans. I wouldn't want to be an investor holding these notes.

in reference to: The Death of Mortgage Refinance Looms (view on Google Sidewiki)

Second Thoughts

And now they're getting queasy over throwing money down the giant rat hole that is ditech.com.* When this lender became an FDIC-insured bank, the troubles with the mortgage market and bad mortgages were far from over but just getting started.

*d/b/a GMAC Mortgage Corp

in reference to: TARP Oversight Panel Finds Fault With GMAC Bailouts - NYTimes.com (view on Google Sidewiki)

It's called empirical evidence

And I thought science eschewed "faith" and "belief."

in reference to:

"Some have suggested that critics of antidepressant efficacy should keep quiet and not publicize their work.  The reasoning is that if the effectiveness of antidepressants depends in large part on the faith of patients and their doctors,"
- Antidepressants: Do They "Work" or Don't They?: Scientific American (view on Google Sidewiki)

Afghan curbs on live media coverage of Taliban attacks

In the future, everything in the present will be tape delayed 15 minutes.

in reference to:

"Afghan curbs on live media coverage of Taliban attacks"
- BBC News - Afghan curbs on live media coverage of Taliban attacks (view on Google Sidewiki)

Why we should be frightened of BoBos

When their 401(k)s are finally cleaned out and they have no money to afford the art pottery, they'll bring out their old SDS cards, dust off those worn, well-thumbed copies of Marx and raise Holy Cain in the streets because they're not getting theirs.

in reference to: Why Bobos Rule - Newsweek.com (view on Google Sidewiki)

The Dukes of Moral Hazard

I think they're calling it "behavioral economics."

Our financial leaders have become like The Black Knight on the Bridge. They're proclaiming that the current morass is only a flesh wound, while anybody with a lick of sense sees a deep malignant cancer that threatens to consume the entire body.

in reference to:

"We’ll call it the Rules of Advocacy Scholarship in the Discussion of Money in Post-Bretton Woods America, or RASDMPBWA. Rule One: Unless absolutely necessary, ignore the existence of countervailing fact or theory; just make a breezy assertion, then let your prestige and the credulity of your audience do the rest. This is especially important in situations in which objective external circumstances have revealed your position to be untenable, and the only accurate predictions and prescriptions are to be found in the opposing camp. Rule Two: If you feel you must provide some sort of argument in support of said assertion, use inapposite anecdote, false analogy and slippery pseudo-reasoning. Rule Three: If you feel you must cite some authority for your assertion, keep it safely within the family of Keynesians and monetarists and Establishment celebrities."
- commentary36 (view on Google Sidewiki)

ZeroHedge is always choice

but this article is the el primo, top drawer stuff. Definitely worth a read.

in reference to:

"This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied"
- This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied | zero hedge (view on Google Sidewiki)