Category: Subprime

Month in Review: September 2009, Part 2

13 November, 2009 (11:43) | Capital markets, Condos, Month in review, Speculation, Subprime, TARP | No comments

[Continued from yesterday’s Part 1.]

[Previous Months In Review here: Aug 09, Jul 09, Jun 09, May 09, Apl 09, Mar 09, Feb 09, Jan 09]

 
By: David A. Smith
 
Continuing our review of September’s posts, technology changes interpersonal dynamics and in so doing reveals aspects of human nature, in particular that what matters in crime prevention is [...]

Month in Review: September 2009, Part 1

12 November, 2009 (12:56) | Capital markets, Condos, Month in review, Speculation, Subprime, TARP | No comments

[Previous Months In Review here: Aug 09, Jul 09, Jun 09, May 09, Apl 09, Mar 09, Feb 09, Jan 09]

 
By: David A. Smith
 
During September, I published a two-part post so depressing and sober it had taken me a year to take it out of inventory, about Winston Smith’s nightmare: The ultimate future city: [...]

Praiseworthy intentions

9 November, 2009 (13:48) | Boston, Menino, Rental, Subprime, Vaporware | No comments

By: David A. Smith
 
The older I get, the less I give credence to future-tense verbs: I’m going to X, I will Y.  I place much more reliance on past-tense verbs and durations – for the last decade I’ve Z’d.  So as I read the following Boston Globe article on a praiseworthy idea, and my eye [...]

Microfinance, American style: Part 2, the good

27 October, 2009 (10:43) | Capital markets, Finance, Innovations, Microfinance, Regulation, Subprime, Theory, US News | No comments

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 [...]

Microfinance, American style: Part 1, the bad

26 October, 2009 (12:13) | Capital markets, Finance, Innovations, Microfinance, Regulation, Subprime, Theory, US News | No comments

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 [...]