Developing Affordable Housing Ecosystems World Wide
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 [...]
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 [...]
By: David A. Smith
[Continued from yesterday's in Part 1.]
In yesterday’s post, we compared the public pronouncements of two enormous governmental lenders whose financial viabiltiya nd liquidity are in question: FHA in the US, from the New York Times (in plain text) and the World Bank, from the UK Telegraph (in indigo palatino). The World Bank, [...]
By: David A. Smith
Can a government bank fail?
Something a little less visible than that
In the space of a week, that question’s surfaced about two governmental banks – FHA in the US and the World Bank – in stories in the New York Times (which I’ll excerpt in plain text) and UK Telegraph (in indigo [...]
| S | M | T | W | T | F | S |
|---|---|---|---|---|---|---|
| « Oct | ||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 8 | 9 | 10 | 11 | 12 | 13 | 14 |
| 15 | 16 | 17 | 18 | 19 | 20 | 21 |
| 22 | 23 | 24 | 25 | 26 | 27 | 28 |
| 29 | 30 | |||||
