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Posts Tagged ‘bailout’

At the delayed morning meeting with an attorney that hates attorneys, we got around to talking about the money… yeah, THAT money. There is the Stimulus Package I & II, the normal government loads to states, the bailout to some banks (but not the ones with a passion for customer loans), the bailout of the [...]

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“To put a trillion dollars in context, if you spend a million dollars every day since Jesus was born, you still wouldn’t have spent a trillion,” McConnell said. This comes from a CNN editorial on our perspective on the number 1 trillion. You know nothing makes a number seem big and important like putting a [...]

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We know that behavior is not simple but there are simple behavioral components that keep getting ignored. Relative to what we all experience in life like conflicts in the Dan Ariely remarks below and in a previous blog on this site.… we recognize his statements on habits, good and bad, etc.  Yet there is a second [...]

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Dan Ariely is a professor of behavioral economics at Duke University and the author of Predictably Irrational: The Hidden Forces That Shape Our Decisions. I recently talked with him about some hidden forces shaping the current financial crisis. Mac Greer: You have a lot of Americans seeing this as a Wall Street crisis and not [...]

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Here she is, check it out. probably worth reading considering as a tax payer you’re about to spend $6900 of your money on it (per person in your house!).  I like to know what I’m buying…. SEC. 2. PURPOSES. 1 The purposes of this Act are— 2 (1) to immediately provide authority and facili- 3 [...]

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Come-on people…it is gut-check time!!! You want a republic to be proud of? Now’s the time to find you spine. We got the government we worked to get. Right, none of us worked hard enough and this is what laziness has wrought.   We didn’t mind when it was someone else’s dollar. Enron was a joke. [...]

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Great piece from Black Swan author,Nassim Nicholas Taleeb, on Edge.org. Read it. What Is Fundamentally Different About Real Life My anger with “empirical” claims in risk management does not come from research. It comes from spending twenty tense (but entertaining) years taking risky decisions in the real world managing portfolios of complex derivatives, with payoffs [...]

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