Why People Hate Wall Street —And Wall Street Analysts, too When stocks are going up, the airwaves are full of Wall Street analysts and other pundits chock-full of stock picks sure to make you money. So what can you expect to hear after stocks plummet 50% or more? All the reasons why stocks “are still...Read More
A Short History of Wall Street Want 70-plus years of Wall Street history in a nutshell? Here goes: –The foxes got into the henhouse.–The government threw them out.–The foxes got back in. Now we have two problems: 1) how to make the henhouse secure again; and 2) where to get more chickens. My suggestion? Tackle...Read More
How Culpable is Wall Street? “The pressure on financial engineers . . . has been to compete to get new products out the door quickly, with their firms showing little patience for multi-year research and development. It’s too bad these new products could not be labeled “beta” . . . to warn that products are...Read More
Preventing Depression — Financial & Otherwise[Editor’s Note: Realtors are private citizens and taxpayers, too. You’d have to be living in cave not to be aware of — and outraged by — the conduct of Wall Street principals in the ongoing financial mess. The following post is a response to that behavior.] Dismayed — infuriated? disgusted?...Read More
Waiting For Accountability, Closure “Our current stock market slump and housing bust can seem like natural calamities without identifiable culprits, creating free-floating anger in the land. A public deeply disenchanted with our financial leadership is desperately searching for answers. The new Congress has a chance to lead the nation, step by step, through all the...Read More
Is Barry Ritholtz Right About Realtors? “$#@%&realtors . . .%&*!! NAR . . !!#%@!! . . David Lereah . . .$#%&! . . . NAR . . . %&!!@realtors . . .%&*!! NAR.” –“Former NAR Economist David Lereah is a Jackass,” Barry Ritholtz; The Big Picture blog (1/6/09)As a real estate agent active in the...Read More
