The Birds and Bees of Bonds and Fees

Modeling the Meltdown

Andrew Odlyzko on the Financial Meltdown here. He argues that the main beneficiaries of the real estate bubble were not brokers and financiers, but home sellers who reaped tremendous gains by selling long-owned properties at the peak, and who then banked their profits rather than plowing all the proceeds back into the inflated market. They [...]

Nouriel Roubini Describes “Voodoo Finance”

For the past several years, Dr. Nouriel Roubini of New York University has been exceptionally pessimistic and notably prescient about the troubles in the US and the global economy. He is a strong critic of the initial TARP design, characterizing it as the toxic asset bailout plan, and preferring the UK-styled approach of direct capital [...]

NPR Report on Reverse Auction Planning

The report by David Kestenbaum can be heard here. It’s a very basic discussion that briefly touches on the problems of how to establish the value of the auctioned assets.

Neel Kashkari Profiled by New York Times

Access to the October 8, 2008 New York Times article, Bailout Role Elevates U.S. Official, may require registration. TARP will be led by 35 year old Neel Kashkari who switched from an engineering career to finance six years ago, and has been working closely with Treasury Secretary Paulson since Paulson took the post in 2006. [...]

The SubPrime Primer

This clever portrayal of how the financial mess developed is a good place to start.  I think it’s definitely worth viewing if you haven’t seen it already. Unfortunately, SCRIBD doesn’t embed as elegantly as YouTube, but you can find the original here. CDO Powerpoint SubPrime Primer – Upload a Document to Scribd

(c) TARPDATA 2008