Archive for December 1st, 2008

Sad News about Tanta

Calculated Risk has the link to this NYT story.[1] The blogger Tanta, an influential voice on the mortgage collapse, died Sunday morning in Columbus, Ohio. Tanta, who wrote for Calculated Risk, a finance and economics blog, was a pseudonym for Doris Dungey, 47, who until recently had lived in Upper Marlboro, Md. The cause of death was ovarian cancer, her sister, Cathy Stickelmaier, said. Thanks in large part to Tanta’s contributions, Calculated Risk became a crucial source of prescient analysis as the housing market at first faltered, then collapsed and finally spawned a full-blown credit crisis.   CR himself posted…
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The Bush Administration Ignored Warnings Of Mortgage Risk

One of the mantras we keep hearing about the credit crisis is "Who could have known?"  Who SHOULD have known is the current administration: The Bush administration ignored early warnings about the potential of the collapse of the banking system. That’s the finding of The Associated Press’ review of regulatory documents it has obtained. If true, then it nullifies, at least in part, some of the explanation — and blame — that has been a part of the dialogue since the Wall Street market began its meltdown. As early as January 2006, according to records, several mortgage experts, including California…
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Bill Maloni does Banks

  • Published: December 1st, 2008
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Bill’s latest didn’t need much editing beyond searching out some of the implied links. I omitted the family-related news at the very end, so if you’re a Maloni insider you’ll want to check out the original. This did end up being a bit of a derivative work.  Bill, could you at least stick the links in next time? He’s being surprisingly hard on his own (and traditionally GSE-supportive) Democratic Party. On the other hand, four solid years of unwavering support might have gotten a bit dull "Let Me At Those Banks" by Bill Maloni It looks like this will be…
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Crack of Doom: Crisis in Canada

"River …" "I know. We’re going for a ride." Looks like this week my country’s going to be in the hands of this 52 year old Haitian immigrant (picture credit at the Wikipedia link) … … who also happens to be the Dominion’s ceremonial Head of State.   UPDATE: Wow!  This picture says it all (credit to CP in the story that follows) "Dion to lead Liberal-NDP coalition, Liberals confirm — PM: Dion ‘playing biggest political game in Canadian history’ ", CBC, December 1, 2008. [that's 150 incoming links from the Mother Corp and counting -- thanks guys!] Ignatieff, who…
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