Archive for April, 2008
ambac
Mish’s Global Economic Trend Analysis on Ambac:
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congressional testimony
I listened to some of Fed Chairman Ben Bernanke’s testimony in front of Congress last week.
The thing that struck me most was his steadfast refusal to reveal anything in public about the nature of the securities that the commercial and investment banks were posting as collateral in the various new lending facilities offered by the [...]
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Tags: bernanke, credit crisis, credit crunch, markets
Interesting article about how a number of experiments in the field of cognitive psychology may be unwittingly altering the the results.
http://tierneylab.blogs.nytimes.com/2008/04/07/monty….
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virtual olympic torch
I have an idea for future Olympic torch runs: say hello to the green screen.
This would eliminate the need for police escorts, helicopters, and last minute route changes. Just take some video of torchbearers jogging on a treadmill in front of a green screen, then edit in some stock footage like so many Saturday [...]
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first person tragedy
This is the most intense thing I’ve ever seen. Since it’s not completely clear what happens, I’ll summarize.
The person wearing the camera attached to his helmet is the instructor.
The man in purple is his student.
The student slams into the instructor and breaks his neck, paralyzing him instantly.
Since he’s paralyzed, he can’t [...]
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loanshark
When the credit crisis hit high gear last year, I decided to see what it’s really like to lend money. So I opened an account with prosper.com, a peer-to-peer lending site. Think: eBay for loans.
The system is fairly well constructed. Prospective lenders have credit checks run against them, a summary of [...]
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Tags: markets propser loan peer-to-peer
