Developing Affordable Housing Ecosystems World Wide
[Continued from yesterday's Part 1.]
Yesterday we had brave words and sound logic from Kenneth Feinberg, Treasury’s ’special master for compensation,’ who as quoted in the Wall Street Journal (quotes in blue Times Roman), hopes his new standards “will be voluntarily picked up” throughout corporate America.
You’ll pick it up if you know what’s good for you
He [...]
When we catch someone saying one thing and doing another, the juxtaposition is too much fun to resist – as in this case where the government, with full righteousness, said one thing only weeks after having done the exact opposite.
The huge banking institution is giving their new CFO compensation worth as much as $5.5 million. [...]
If to a hammer everything looks like a nail, to a government everything should be solved by lawyers, guns, or money. So when the government factory wants to achieve particular public-policy results, it manufactures either or both of its products – laws and money – to motivate private participants, principally Mission Entrepreneurial Entities (MEEs), as [...]
By: David A. Smith
[Continued from yesterday's Part 1.]
Yesterday’s post opened the topic of payday lending as exploitive microfinance, designed not to maximize the borrower’s well-being but rather to hold that borrower on the razor’s edge of permanent default, as illustrated by this article from the Washington Post:
Meanwhile, big companies are muscling into a sector that [...]
By: David A. Smith
In business, does motivation matter? Or are markets sufficiently rational that our apologias are meaningless, and we should be judged exclusively by our actions? This philosophical question lies submerged under every new lender and loan product, for every action – extending or denying credit, charging too high a rate – can be [...]
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