Category: Privage Equity

Shooting at the pilots before they take off

30 March, 2012 (09:38) | Fannie Mae, Foreclosure, Freddie Mac, Homeownership, Innovations, Privage Equity, Subprime, Tenure, US News |

By:David A. Smith   Yes, that’s definitely a hedge-fund-manager’s private plane   I seldom find Wall Street Journal guilty of being a propaganda tool (except on their editorial pages, where it properly belongs), yet a recent WSJ online story shows unusual credulity in advancing the case that small privateers would like you to believe: It’s […]

What did you lose, and when did you lose it?

15 September, 2010 (15:09) | Blackstone, Capital markets, Incentives, Innovations, Privage Equity, Theory, US News |

By: David A. Smith   “What did you lose, and when did you lose it?”   “I don’t believe it for a second.”   In real estate, the question has a certain metaphysical quality, for like Heisenberg’s atomic particles, value is observable only intermittently – upon the consummation of transactions – whereas changes in value […]