links for 2008-07-22
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“Fannie’s drive to lower underwriting standards had created a pool of mortgage debt with a much higher level of embedded moral hazard risk as well as good old fashioned credit risk.” Ouch. Thanks for the link, John.
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“In short, the Fed intends to replace Fannie and Freddie’s regulatory leash with choke chain and then proceed to pull it … very hard.” As well it should be pulled.
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“So… if you’re on a Board and you decide to compensate a manager with anything other than cash or a long-term stock option, make sure that you’re not granting compensation based on a number that the manager can easily manipulate.” s/manager/executi
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All I know is that it’s 1525 and it’s 83F … INSIDE MY OFFICE.
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OH MY HOLY HECK, the Internet is full of crazy people.
Posted July 22nd, 2008 in del.icio.us Links.
