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. [...]
By: David A. Smith
Two years ago, two years after I’d called the market top and just as the subprime mess was beginning to break, in the form of New Century’s bankruptcy and problems alleged at Countrywide, I stuck up for Angelo Mozilo – or more precisely, I questioned the New York Times’s putative expose of [...]
[Continued from yesterday's Part 1.]
By: David A. Smith
Yesterday we saw infallible proof of ‘green shoots’ in the economy – officials taking credit for something. Although the credit-taking may be premature – but hey, it is the political vaporware that keeps on refreshing – that we are still alive to apportion credit means we succeeded in [...]
By: David A. Smith
Although we are far from recovered, we have the giddy consolation of knowing we’re not dead yet, and that is grounds for celebration, at least to the extent we now have the luxury of debating which of those crazy risks we took and big bets we made were necessary.
We’re here to hear [...]
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