Month: March, 2007

Haiti’s slums: the houses of crime

30 March, 2007 (09:22) | Government, Policy |

I’ve previously posted about the societal cost of clandestine occupancy — people who use homes as a shield for illegal activities.

When a whole neighborhood becomes a haven of clandestine occupancy, not only does it threaten its own denizens, it imperils all around it.

A window in the pediatric ward of […]

Home buyer disclosure: things I must tell you

29 March, 2007 (09:40) | Uncategorized |

Even as it is a major purchase, a home is also a complex asset — both financially and physically — and to that end, government has a vested interest in professionalizing markets, in part through consumer protection — and that begins with disclosure.
 

We’re here to tell you some things that may interest you
 
As the UK’s Department of Communities […]

Banking: why be when you can team?

28 March, 2007 (09:18) | Uncategorized |

Half a year ago, in By any other name? (Part 1 and Part 2), I posted about Wal-Mart’s application to form a bank, observing that in practical terms, Wal-Mart (like any other major credit provider, such as GECC or GMAC) is in fact acting very bank-like already:
 
What defines a bank?  Is it a vast physical […]

Subprime lending: a domino falls two ways, Part 2

27 March, 2007 (10:06) | Uncategorized |

[Continued from yesterday’s Part 1.]
 
With the spectacular collapse of the nation’s largest subprime lender, New Century Financial, the financial markets are jittery:
 
New Century is the center of speculation about the fallout from the subprime market in part because it is one of the nation’s largest subprime lenders, with an estimated $52 billion in subprime loans […]

Subprime lending: a domino falls two ways

26 March, 2007 (09:42) | Uncategorized |

 
Who tipped number nine?

In a string of falling dominos, there is always a next domino, but also always a previous domino, and in the interconnected financial ecosystem that supports origination of new loans and their resale in the secondary market, it’s easy to become confused which is which. That distinction is blurred in […]