Category: Government

The inevitability effect: Part 1, who wants a piece?

5 November, 2008 (10:29) | Government, Legislation and policy, Policy, Subprime, Theory, US News | No comments

The concept behind this post has been in my head for years, but it took the events of last weekend, when Treasury’s master plan to recapitalize the US banking system was forced through Congress, to crystallize it into a phrase: the inevitability effect.
 
No, that’s not the latest Robert Ludlum thriller.
 

 
Rather, it describes the change […]

Affordable housing in Turkey: my talk at GYODER

26 June, 2008 (08:12) | Global news, Government, Policy, Public-Private Partnerships, Turkey | No comments

On June 5, at a well-attended and highly anticipated Istanbul panel held as part of the Annual Summit of the Turkish national Real Estate Association (GYODER), I delivered a speech summarizing our six-month ‘country assessment’ of Turkey’s affordable housing ecosystem.
 

It sounds better in English
 
Our goal was to examine Turkey’s affordable housing financial environment today, identify […]

Nothing to see here: Part 3, churning CFOs

4 June, 2008 (09:07) | Capital markets, Government, Rating agencies, Securitization, US News | No comments

[Continued from the previous Part 2 and Part 1.]

So far, in exploring how failure to report leads to reporting failure, we’ve used this New York Times article about now-bankrupt New Century, its unlucky auditor, and its troubled but unmoving directors.  By the end of 2006, when new CFO Tajvinder S. Bindra was quizzing his […]

When top-down works

23 May, 2008 (08:35) | Ecosystems, Essential posts, Government, Legislation and policy, Local issues, Policy, Theory | No comments

A while back, I posted on When top-down doesn’t work as it applies to affordable housing policy.  The Blogger Communications Commission has requested equal time for the opposing view – an exposition of when top-down does work.
 

I’m a spokesman and don’t you dare oppose my views
 
One theme unifies the examples below – and that is […]

When top-down doesn’t work

8 May, 2008 (09:55) | Ecosystems, Government, Legislation and policy, Local issues, Policy, Theory | No comments

 Should policy be driven top-down (large units of government creating the program and distributing resources) or bottom-up (local units of government inventing independently)?

It’s a puzzle, Batman
 
If you ask around the world, the great body of experts will tell you that programs have to originate nationally first.  In the last few years I’ve become much […]