Archive for September, 2008
Cool Devices
I am looking for a new cool phone to replace my blackberry. It does work, does a fairly good job, but it is getting old. Hell, it has 18 months! Also, the screen is quite small, surfing is quite a nightmare, it doesn’t have GPS. It does mail particularly good, but sometimes it would re-boot [...]
The 1.8 trillion dollars bailout
CNBC has made an interesting analysis on the US government bailout of the financial crisis.
It’s not just 700bn$, more like 1.8trn$. Quick laundry list:
700bn$ recently announced plan to buy assets from bank
150bn$ MBS purchase by Fannie and Freddie
85bn$ for AIG
90bn$ in repayment to JPM for Lehman
200bn$ for Freddie and Fannie
300bn$ for FHA
200bn$ of currently outstanding [...]
The pessimists are the true optimists
When it is down to human-made forecast of complex project delivery time-lines, you’re always going to be wrong. But how much wrong is a topic of particular interest, especially in business. Say you expect to deliver a project in 60 days. You know it’s almost sure it will take longer (Murphy’s law are quite right). [...]
So you wanna bailout the whole world?
Courtesy of Bloomberg a possible explanation of the 600points Dow swing that today blew up all the (sensible and justified) short positions in financials. Apparently, we are heading toward some pretty serious system-wide bailout.
“Schumer urged forming an agency to inject funds into financial companies in exchange for equity stakes and pledges to rewrite mortgages and [...]
Lehman and Merrill
OK - this is old now. I wrote it early this morning, and the world changed egain, but hey! Why should I not post it?
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At the end, it did happen. A “major” financial institution has gone bust. So the FED has sort of “saved the face” with regard to Moral Hazard. Merrill would have probably [...]