You’ve got to hand it to President Barack Obama’s expected Fed picks - they have some strong consumer credentials. Peter A Diamond co-wrote a book with Peter Orszag, now OMB ... [Link]
I will have a more comprehensive post tomorrow on my thoughts on bank regulation, but I will offer a few thoughts here. One thing I found interesting at the conference ... [Link]
Chers lecteurs, mon temps et mon énergie sont comptés et j'ai envie de parler de trois sujets, mais ne peut dans l'immédiat en traiter qu'un. Quelles sont vos préférences? J'hésite ... [Link]
Critical thinking helps in any field. I have the pleasure of participating in a discussion list that explores many issues where critical thinking is a focus. The members have a ... [Link]
M is for Managing Director:Crafty, elusiveKowtows to clients; but to juniors abusiveSleek and well-groomed, heSwans about like a divaSteal clients or credit?He attacks with a cleaverPompous, self-loathingHis wife and kids ... [Link]
contact
jck [at]
aleablog [dot] com
© 2010 Alea | Powered by Wordpress
January 16th, 2009 at 2:59 pm
Merrill LOST $15.31 billion (and more) in 2004-2007. Merrill/BoA REPORTED the losses in Q4. Why is this important? Because a lot of people got paid in between, and the lag between getting paid and the associated performance is so long that it provides incentive to allocate capital in horribly inefficient ways.