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Not Too Big To Fail | The Facts about Mike Perry and IndyMac
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Aug 27, 2018 – Statement 1304:“Excerpt from Sunday August 26, 2018, the Los Angeles Times front-pager on Senator McCain's passing. I agree about the honor part and understand his suffering unfairly at the hands of his own government being terrible. I had it much worse on that front. But we all know that nothing can…
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nottoobigtofaildotorg.files.wordpress.com/2011/07/ucla-crisi... | “Crisis Management Discussion with Mike Perry, former Chairman and CEO IndyMac Bancorp”, UCLA Anderson School of Management, May... |
nottoobigtofaildotorg.files.wordpress.com/2011/07/university... | “Discussion with Mike Perry Regarding the Financial Crisis”, University of Redlands, March 28, 2012 |
nottoobigtofaildotorg.files.wordpress.com/2011/07/declaratio... | Declaration of M. Perry In Support Of His Motion For Partial Summary Judgment |
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nottoobigtofail.org/#comment-7 | September 2, 2011 at 3:29 pm |
nottoobigtofail.org/sec-litigation/ | SEC |
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nottoobigtofail.org/oig-audits/ | OIG Audits |
nottoobigtofail.org/other-private-litigation/ | Private Litigation |
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nottoobigtofail.org/employee-comments/ | IMB Messages |
nottoobigtofail.org/m-perry/ | Personal Statement |
nottoobigtofail.org/2018/08/27/excerpt-from-sunday-august-26... | “Excerpt from Sunday August 26, 2018, the Los Angeles Times front-pager on Senator McCain’s passing. I agree about the honor par... |
nottoobigtofail.org/2018/08/14/with-due-respect-to-martin-fe... | “With due respect to Martin Feldstein’s economic bona fides, it seems somewhat disingenuous to suggest the Federal Reserve shoul... |
nottoobigtofail.org/2018/08/02/abuses-in-the-mortgage-backed... | “Abuses in the mortgage-backed securities industry led to a financial crisis that devastated millions of Americans. Today’s agre... |
nottoobigtofail.org/2018/07/31/mr-angelides-our-goal-was-to-... | Mr. Angelides: “Our goal was to create a record (The Financial Crisis Inquiry Commission Final Report) and history that could no... |
nottoobigtofail.org/2018/07/11/indymac-bank-and-the-financia... | Not Too Big To Fail: Mike Perry talks about IndyMac Bank and the financial crisis ten years on |
nottoobigtofail.org/2018/06/03/soured-lehman-mortgage-claims... | “Trustees acting on behalf of those investors had brought claims against the Lehman bankruptcy estate for breaches of representa... |
nottoobigtofail.org/2018/05/15/the-real-clear-investigations... | “The Real Clear Investigations 5/14/18 article attached is a MUST READ. There are a LOT of parallels in how the Obama government... |
nottoobigtofail.org/2018/04/17/its-the-establishment-versus-... | “It’s the Establishment versus the rest of us folks. My #2 (President) at IndyMac Bank was part of this Establishment. Stanford ... |
nottoobigtofail.org/2017/09/12/taxi-medallions-once-a-safe-i... | “If you intentionally manipulated an asset’s marketplace by artificially restricting its supply, causing the asset’s price to ri... |
nottoobigtofail.org/2017/08/02/it-is-ironic-that-the-great-d... | “It is ironic that the Great Depression was produced by government but was blamed on the private enterprise system. The Federal ... |
nottoobigtofail.org/2017/07/24/depriving-political-and-other... | “And it is quite fitting that “volatility” comes from volare, “to fly” in Latin. Depriving political (and other) systems of vola... |
nottoobigtofail.org/2017/07/14/can-anyone-explain-to-me-how-... | “Can anyone explain to me how the Italian banking crisis, which has been swept under the rug for years, fits the liberal America... |
nottoobigtofail.org/2017/07/11/how-tales-of-flippers-led-to-... | “Nobel Laureate in economics (for asset prices like housing/stocks/bonds & bubbles) Robert Shiller says we still (in 2017!) don’... |
nottoobigtofail.org/2017/07/05/in-high-school-english-most-o... | “In high school English, most of us were taught to write essays by developing a thesis and providing three or more facts, to sup... |
nottoobigtofail.org/2017/06/09/great-for-the-surviving-lende... | “Thanks to overbearing post-crisis government mortgage regulation, not only can’t many get the mortgage they want and deserve (c... |
nottoobigtofail.org/2017/05/24/somewhere-on-the-repulsivenes... | “The political and media hysteria surrounding the Trump administration lies somewhere on the repulsiveness scale between the Jac... |
nottoobigtofail.org/2017/05/22/we-inappropriately-abdicated-... | “If you read this, I know it sounds like very boring, very detailed “political stuff”, but if you have ever had to deal with the... |
nottoobigtofail.org/2017/05/20/the-liberal-mainstream-media-... | “The liberal mainstream media lied about the root-causes of the 2008 financial crisis, and time/historical evidence has either d... |
nottoobigtofail.org/2017/05/09/who-is-responsible-for-those-... | “JPM Chairman and CEO Dimon says President Trump’s economic and national security people and policies (even some of the tough tr... |
nottoobigtofail.org/2017/05/03/it-woke-me-up-to-the-lefts-li... | “Long, but excellent National Review article and right on point. I became interested in this issue, when I (shockingly) saw how ... |
nottoobigtofail.org/2017/04/26/no-better-a-lender-to-america... | “The well-intended federal government is no better a lender to Americans than the private sector. In fact, you could argue that ... |
nottoobigtofail.org/2017/03/26/chevron-deprives-americans-of... | “Chevron is a widely cited precedent, and precedents should never be casually overturned. But Chevron deprives Americans of thei... |
nottoobigtofail.org/2017/03/17/heres-the-deal-either-we-beli... | “Here’s the deal, either we believe in the limited liability company or we don’t… |
nottoobigtofail.org/2017/03/17/nys-sen-schumers-2008-public-... | “NY’s Sen. Schumer’s 2008 public attack on IndyMac Bank and its management was also unwarranted and a fraud.”, Mike Perry, forme... |
nottoobigtofail.org/2017/03/17/preet-bharara-sheriff-of-wall... | ““If we’re not bringing a certain kind of case, it’s because the evidence is not there — pure and simple,” Mr. Bharara said in 2... |
nottoobigtofail.org/2017/03/17/trumps-plan-on-fannie-and-fre... | “In this 3.12.17 article, an uber-liberal NY Times biz reporter documents how the Obama Administration likely lied about the rea... |
nottoobigtofail.org/2017/03/11/a-spanish-builder-preps-for-i... | “Ask yourself, when you read this recent article about Spain’s housing bubble and bust (which also mentions Ireland’s), how does... |
nottoobigtofail.org/2017/03/08/70-chance-of-bank-bailout-eve... | “This WSJ OpEd by Minn. Fed President Kashkari proves, as Greenspan also said in his “Crisis” paper, that The Fed and other cent... |
nottoobigtofail.org/2017/03/07/economic-forecasts-on-the-eve... | “Economic forecasts on the eve of the credit crunch and the Great Recession were, he says, “not just wrong but spectacularly so.... |
nottoobigtofail.org/2017/03/07/i-dont-believe-in-settling-ca... | “I don’t believe in settling cases,” Trump told me yesterday. “I’m not Jamie Dimon, who pays $13 billion to settle a case and th... |
nottoobigtofail.org/2017/02/08/it-is-clear-to-me-that-the-ju... | “Having spent a lot of money and a half-dozen years of my life defending myself against meritless federal (both private and gove... |
nottoobigtofail.org/2017/02/08/heres-some-good-news-unless-y... | “Here’s some good news, unless you work for the SEC. The U.S. Securities and Exchange Commission dropped the last two remaining ... |
nottoobigtofail.org/2017/02/01/happy-to-treat-everyone-in-th... | “Multiply the cases of Messrs. Childs and Pilger by a few thousand and you have the runaway administrative state. Sad to say, th... |
nottoobigtofail.org/2017/01/30/federal-courts-are-required-b... | “The idea that federal courts are required by law (Chevron Deference), to take the side of an often highly-politicized federal a... |
nottoobigtofail.org/2017/01/26/blackstones-debt-secured-by-r... | “This is wrong on so many levels. Fannie Mae, still in government conservatorship since 2008 (when they and Freddie Mac were bai... |
nottoobigtofail.org/2017/01/26/career-bureaucrats-who-never-... | “Washington’s many agencies, bureaus and departments propagate rules that weigh down businesses, destroy jobs, and limit America... |
nottoobigtofail.org/2017/01/24/here-are-the-10-largest-f-h-a... | “Mr. Gilbert (CEO of Quicken Loans) said that his company has been unfairly targeted. “You want to know what this case is about?... |
nottoobigtofail.org/2017/01/24/i-think-tarp-was-a-lot-more-i... | “The Troubled Asset Relief Program may have been the least of the rescue measures, but it was the highest risk, because the peop... |
nottoobigtofail.org/2017/01/24/regulators-and-lenders-intent... | “U.S. consumers and businesses have enjoyed ultralow borrowing costs since the financial crisis because the Federal Reserve pinn... |
nottoobigtofail.org/2017/01/24/the-obama-administration-has-... | “The Justice Department last year sued the Detroit-based mortgage lender on charges that it knowingly approved loans that violat... |
nottoobigtofail.org/2017/01/24/the-government-was-so-anxious... | “Treasury Secretary-designate Steven Mnuchin made a fortune buying mortgage company IndyMac in a distressed sale about eight yea... |
nottoobigtofail.org/2017/01/24/fan-and-freds-owners-feasted-... | “Fan and Fred’s owners feasted for decades on an implied taxpayer guarantee before the housing crisis. Since everyone knew the t... |
nottoobigtofail.org/2017/01/24/americas-roster-of-public-com... | “The abusive SEC investigates most public companies whose stock declines materially or fails, and often sues the CEO and CFO usi... |
nottoobigtofail.org/2017/01/24/taxpayers-are-now-responsible... | “When 2008 rolled around, Fannie and Freddie were deemed insolvent and put into conservatorship. Taxpayers are now responsible f... |
nottoobigtofail.org/2016/12/14/i-love-that-peotus-trump-is-p... | “What’s striking here is that the same folks who see in Mr. Trump a Mussolini in waiting are blind to the soft despotism that ha... |
nottoobigtofail.org/2016/12/09/a-new-study-dismantles-the-lo... | “The real financial risks are from Mr. Carney’s (Bank of England Governor and FSB Chair) attempt to turn certain kinds of legal ... |
nottoobigtofail.org/2016/12/09/i-do-have-a-problem-with-mr-m... | “I don’t really have a problem with the deal Mr. Mnuchin struck with the FDIC, to buy my bank, IndyMac during the crisis. I and ... |
nottoobigtofail.org/2016/12/06/fannie-and-freddie-cannot-be-... | “All this makes clear why Fannie and Freddie cannot be privatized and returned to the markets in the form they were before their... |
nottoobigtofail.org/2016/12/06/reminds-me-a-lot-of-our-gover... | “Reading this WSJ piece about “The Admiral who Took the Fall for Pearl Harbor”, it reminds me a lot of our government’s refusal ... |
nottoobigtofail.org/2016/12/06/government-policy-caused-the-... | “The whole cause of the financial crisis has been attributed to the failure of market capitalism,” Mr. Allison (former CEO of BB... |
nottoobigtofail.org/2016/12/06/we-simply-do-not-know-what-th... | “First, Dodd-Frank ignores all of the others complicit in creating the subprime (mortgage) crisis, including the Fed and the oth... |
nottoobigtofail.org/2016/11/30/serious-mortgage-deficiency-r... | “In regards to The 2016 Economist article on the state of U.S. mortgage market it is spot on, except for one issue, mortgage def... |
nottoobigtofail.org/2016/11/30/seriously-gretchen-does-it-ma... | “Seriously, Gretchen? Does it make any sense that the liberal Obama Administration would protect crisis era bankers/Wall Street ... |
nottoobigtofail.org/2016/11/30/there-was-an-84-chance-of-a-c... | “The new Minneapolis Fed President and his team recently calculated that under pre-crisis regulations (bank capital rules set by... |
nottoobigtofail.org/2016/11/30/mr-paulsons-hedge-fund-firm-p... | “John Paulson’s subprime (mortgage) trade led to historic fortune. His drug-company investments? Big losses and plunging assets… |
nottoobigtofail.org/2016/11/30/strikingly-for-such-important... | “Strikingly for such important legislation, there was no significant debate in (Democrat-controlled) Congress about whether the ... |
nottoobigtofail.org/2016/11/30/the-dummies-at-the-fdic-fire-... | “It’s 2016 and the U.K. still hasn’t sold its stakes in Too Big to Fail banks, yet the dummies at the FDIC fire-sold IndyMac Ban... |
nottoobigtofail.org/2016/11/16/youve-got-to-get-back-into-re... | “As the head of the S.E.C., you’ve got to get back into reffing the game properly and end the demonization of Wall Street,” Mr. ... |
nottoobigtofail.org/2016/11/16/the-massive-insurance-fund-lo... | “Despite Mnuchin’s New York business credentials, one of his most notable financial bonanzas came via a regional commercial bank... |
nottoobigtofail.org/2016/10/19/the-liberal-view-that-the-fin... | “She (Hillary Clinton) detailed her time working with Wall Street as a senator from New York and confided that the “conventional... |
nottoobigtofail.org/2016/10/04/over-many-years-massively-dis... | “The truth is emerging, that well-intended government mandates (housing/mortgage policies, bank risk-based capital requirements,... |
nottoobigtofail.org/2016/09/30/imagine-if-our-president-forc... | “Imagine if our President forc… |
nottoobigtofail.org/2016/09/30/fed-officials-have-not-been-t... | “In especially strong language for an academic, Professor Ball (Laurence M. Ball, chairman of the economics department at Johns ... |
nottoobigtofail.org/2016/09/30/sf-based-first-republic-banks... | “Read this Aug 2016 WSJ on SF-based First Republic Bank’s long-time mortgage lending business model; primarily to wealthier jumb... |
nottoobigtofail.org/2016/09/30/between-2004-and-2014-black-b... | “Between 2004 and 2014, black borrowers’ applications for Fannie- and Freddie-eligible mortgages fell 82%… |
nottoobigtofail.org/2016/09/30/im-not-at-all-sure-they-viola... | “…Mr. Clinton took a different tack (than public sentiment at the time). At a conference in Washington the week of the Senate he... |
nottoobigtofail.org/2016/09/30/it-might-not-be-too-reduction... | “…along came Sen. Warren’s bravura performance in last week’s Wells Fargo hearing. Unfortunately, she completely falsified the s... |
nottoobigtofail.org/2016/09/30/the-obama-administration-has-... | “These bank robberies are political. The Obama Administration has also been merrily plundering American banks to satisfy the ret... |
nottoobigtofail.org/2016/09/30/an-increasingly-political-fed... | “In a looping debate rant, Mr. Trump argued that an increasingly “political” Fed is holding interest rates low to help Democrats... |
nottoobigtofail.org/2016/09/21/what-is-it-about-todays-monet... | “What is it about today’s monetary and banking arrangements that seems to impel us to more and more desperate policy gambits? Th... |
nottoobigtofail.org/2016/09/06/when-youre-accused-of-doing-s... | “It’s maddening. It’s disappoi… |
nottoobigtofail.org/2016/09/05/do-you-believe-the-tragic-201... | “Do you believe the tragic 2010 San Bruno gas explosion was caused by a criminal PG&E? I doubt it, but this recent LA Times Edit... |
nottoobigtofail.org/2016/09/05/this-massive-bubble-is-in-pla... | “It’s not as if the bond bubble is fun while it lasts. It’s painful for savers and corrosive for society to have governments sys... |
nottoobigtofail.org/2016/09/02/the-government-has-proven-not... | “The settlement (with the SEC) includes a $100,000 payment – to be paid by Fannie Mae, which already pays its profits to the U.S... |
nottoobigtofail.org/2016/08/17/his-federal-government-has-ma... | “It’s hypocritical for the Obama administration to have demagogued and attacked crisis-era private bankers and mortgage lenders,... |
nottoobigtofail.org/2016/08/11/but-the-greatest-engine-of-ch... | “But the greatest engine of change has been…capital requirements, set by the central banks of governments around the world…In 20... |
nottoobigtofail.org/2016/08/09/the-sec-plays-judge-and-jury/ | “Few words define this administration better than “abuse” – in particular the oppressive tactics of Barack Obama’s turbocharged ... |
nottoobigtofail.org/2016/08/09/student-loan-defaulters-in-a-... | “The Osbornes say they are the victims of a for-profit school that made false promises and a predatory lender – the (federal) go... |
nottoobigtofail.org/2016/08/05/dismayed-at-how-government-pr... | “Twelve years later, as the president of a small liberal-arts college, I more fully appreciate the upside-down government polici... |
nottoobigtofail.org/2016/08/03/it-can-be-very-bad-if-these-a... | “I learned the hard way in 2008 that well-established algorithms (computer models) for my industry were fatally flawed and did n... |
nottoobigtofail.org/2016/07/26/what-does-that-web-search-say... | “This is nonsense. Rather than reviewing people’s actual payment performance on their debts and/or rent, utility bills, etc. (if... |
nottoobigtofail.org/2016/07/20/they-failed-because-they-were... | “This is similar to what IndyMac and I were dealing with in 2007 and 2008 and these guys, one of the largest and most respected ... |
nottoobigtofail.org/2016/07/20/phony-stats-produced-by-a-bia... | “This article is filled with bullshit “phony stats” produced by a biased consumer advocacy group (not any legitimate source or t... |
nottoobigtofail.org/2016/07/17/house-financial-services-chai... | “As Charles Kindleberger taught, the essence of a credit mania is that everyone follows everyone else and thinks it will never e... |
nottoobigtofail.org/2016/07/17/are-treasurys-headed-for-1-ne... | “Doesn’t the bond market have to be a bubble? And yet because many investors, both sophisticated and unsophisticated, have been ... |
nottoobigtofail.org/2016/07/17/eight-years-after-the-financi... | “Eight years ago, unsustainably high debt was the root cause of the worst recession since the Great Depression. Yet world debt o... |
nottoobigtofail.org/2016/07/14/listen-and-respond-to-the-pri... | “What policy makers should be doing, instead, is accepting the markets’ offer of incredibly cheap financing. Investors are willi... |
nottoobigtofail.org/2016/07/14/eu-finance-ministers-warn-ove... | “Could it be any clearer? Who sets (and has for decades) bank capital requirement in the U.S. and around the world? Governments ... |
nottoobigtofail.org/2016/07/12/from-july-12-2016-front-page-... | “From July 12, 2016 front-page of The New York Times: The core issue that caused (and is causing) the Black Lives Matter-type pr... |
nottoobigtofail.org/2016/07/08/a-lot-of-distortion-and-biase... | “The New York Time’s Sunday Business Columnist Gretchen Morgenson’s June 26, 2016 “hit piece” on Mr. Angelo Mozilo and Countrywi... |
nottoobigtofail.org/2016/07/06/they-sued-me-for-ordinary-not... | “The federal government’s FDIC-R sued me (alone) civilly five years ago this month seeking $600 million in damages, related to I... |
nottoobigtofail.org/2016/07/06/private-equity-big-cheese-try... | “J.C. Flowers was one of the lucky distressed buyers of IndyMac Bank (from the FDIC, who unwisely fire-sold at the very bottom o... |
nottoobigtofail.org/2016/07/06/bad-debt-piled-in-italian-ban... | “In the first few years, post 2008 crisis, the Italian banks were touted by the WSJ and others as being smarter and safer than t... |
nottoobigtofail.org/2016/07/06/a-new-york-vendetta-that-harm... | “But the bigger problem with the regulatory state is today’s trend of politicians and government officials pursuing their person... |
nottoobigtofail.org/2016/07/01/i-think-the-fdic-were-bad-guy... | “I have never seen a time of forecasting reliability. Since the 1960s, every five years or so the same old chart has come out sh... |
nottoobigtofail.org/2016/07/01/general-electric-wins-o-k-to-... | “G.E.’s current chief executive, Jeffrey R. Immelt, initially backed the growth of GE Capital when he took over in 2001, increas... |
nottoobigtofail.org/2016/06/30/how-housings-new-players-spir... | “Sloppy or deliberately false journalistic accounts of the U.S. housing/mortgage crisis, like the June 27, 2016, front-page New ... |
nottoobigtofail.org/2016/06/30/dodd-frank-hasnt-eliminated-t... | “…Title II of the act (Dodd Frank), contrary to Prof. Blinder’s account, doesn’t apply to banks at all, but only to nonbank fina... |
nottoobigtofail.org/2016/06/30/in-summary-there-is-an-upper-... | “In summary, there is an upper limit to the amount of equity capital a financial firm could be required to hold without pressing... |
nottoobigtofail.org/2016/06/28/morning-mike-just-wondering/ | J |
nottoobigtofail.org/2016/06/28/government-mortgages-are-high... | “…Christopher Maloney with Bloomberg News wrote up a piece titled, “FHA Should Impose ‘Cap’ on Riskier Borrowers, NY Fed Says.” ... |
nottoobigtofail.org/2016/06/17/this-is-our-government-behavi... | “In the 21st century, the United States has reinstated a broad system of debtors’ prisons, in effect making it a crime to be poo... |
nottoobigtofail.org/2016/06/12/annual-economic-growth-remain... | “The party of Franklin Roosevelt through Lyndon Johnson and its alliance with private-sector industrial unions made Democrats aw... |
nottoobigtofail.org/2016/06/12/a-few-years-ago-the-governmen... | “Here you go. One last posting related to the mortgage underwriting defect issue. A few years ago, the government made similar b... |
nottoobigtofail.org/2016/06/09/fhas-post-endorsement-technic... | “Why crisis era mortgage defect rates cited by the government (and others) are false, a massive Red Herring. Part 3: FHA’s Post ... |
nottoobigtofail.org/2016/06/09/fhas-post-crisis-quarterly-lo... | “Why crisis era mortgage defect rates cited by the government (and others) are false, a massive Red Herring. Part 2: FHA’s Post-... |
nottoobigtofail.org/2016/06/09/the-crisis-era-mortgage-defec... | “Why crisis era mortgage defect rates cited by the government (and others) are false, a massive Red Herring. Part 1: The General... |
nottoobigtofail.org/2016/06/09/federal-agencies-reported-ove... | “The government and others have claimed that high pre-crisis mortgage defect rates, were a major problem. I believe this is a bo... |
nottoobigtofail.org/2016/06/09/they-had-lost-any-opportunity... | “Mike: I was present with you the entire time in 2006 and 2007 through July 11th (2008) and with Indymac until July 18th when I ... |
nottoobigtofail.org/2016/06/09/massive-regulation-prevents-c... | “…But perhaps more ominously than making us either less prosperous or less stable, Dodd-Frank has also made us less free. Dodd-F... |
nottoobigtofail.org/2016/06/09/a-victim-of-the-governments-m... | “The 49-year-old mother of two became a face of housing-crisis misdeeds when the Justice Department pursued civil-fraud charges ... |
nottoobigtofail.org/2016/06/06/especially-their-president-to... | “He could direct the Department of Justice to investigate his critics by prioritizing categories of crimes they may have committ... |
nottoobigtofail.org/2016/06/06/canadas-housing-lesson-for-th... | “Where homeownership is concerned, Americans have fallen behind their northern neighbors (Canada)…How did this happen? (Governme... |
nottoobigtofail.org/2016/06/06/the-truth-of-the-governments-... | “The U.S. government over the last 15 years made a trillion-dollar investment to improve the nation’s workforce, productivity an... |
nottoobigtofail.org/2016/06/06/oversight-and-regulation-that... | “Switching gears to the cause and result of the financial crisis, WB writes, “I think it’s important that given the massive medi... |
nottoobigtofail.org/2016/06/03/banks-embrace-of-jumbo-mortga... | “In 2014, the number of mortgages to blacks and Hispanics combined was down 52% from 2007 across all bank and nonbank lenders, c... |
nottoobigtofail.org/2016/06/01/billionaires-can-help-put-sou... | “This LAT reporter laments (“Few developments could be more frightening.”) a billionaire’s deep pockets and the damage he can do... |
nottoobigtofail.org/2016/06/01/public-pension-plans-pile-on-... | “I contend that public pension plans pile on the risk for two reasons: 1) they, like everyone, are forced to because, both pre a... |
nottoobigtofail.org/2016/05/27/the-fcic-majority-thus-seemed... | “Mortgage Credit Risk #2: Mortgage underwriting (the activity of underwriting a mortgage loan to ensure it meets an investor’s l... |
nottoobigtofail.org/2016/05/27/mortgage-underwriting-plays-a... | “Mortgage Credit Risk #1: Mortgage Underwriting Did Not Cause the Crisis: Some important thoughts on why claims by the governmen... |
nottoobigtofail.org/2016/05/27/fannie-freddie-and-an-outbrea... | “…“recap and release” is rubbish. In an election cycle when private enterprise is often accused of crony capitalism and particip... |
nottoobigtofail.org/2016/05/27/wells-fargos-management-and-b... | “To me, this new mortgage program is further proof that Wells Fargo’s management and board admitted to acts in its recent DOJ/FH... |
nottoobigtofail.org/2016/05/27/the-bank-fraud-that-wasnt/ | “Like Bernie, officials in the Obama Justice Department love to throw around the word “fraud” when a case involves a bank. In 20... |
nottoobigtofail.org/2016/05/27/since-when-did-the-la-times-b... | “Three U.S. Federal Appeals Court judges unanimously ruled that BofA/Countrywide (and an individual manager) DID NOT commit mort... |
nottoobigtofail.org/2016/05/24/do-smaller-companies-think-th... | “Speaking of legal matters, Guild Mortgage grabbed the headlines yesterday as the Department of Justice filed a lawsuit against ... |
nottoobigtofail.org/2016/05/24/the-high-cost-of-ultralow-int... | “These policies (The Fed’s ultralow interest rates) are toxic for financial stability. They force retired people to curtail spen... |
nottoobigtofail.org/2016/05/19/the-pullback-of-traditional-b... | “What the chart does accurately represent is the pullback of traditional banks from the mortgage lending business, primarily due... |
nottoobigtofail.org/2016/05/19/a-big-part-of-the-financial-c... | “How could a small business loan (or any loan) that regulated banks won’t approve, that new online marketplace lenders won’t app... |
nottoobigtofail.org/2016/05/19/sandy-weills-wine-country-ret... | “Time said, noting that Citigroup itself required multiple government rescues costing $45 billion. In 2010 testimony before a co... |
nottoobigtofail.org/2016/05/16/nearly-every-major-corporatio... | “S.E.C. Chair Mary Jo White, I want to make a slightly different and important point (vs. your recent NYT OpEd). I think civil l... |
nottoobigtofail.org/2016/05/12/private-lenders-remodel-the-m... | “Just because government bureaucrats ban banks, or threatens them with litigation, from offering certain mortgages….like equity-... |
nottoobigtofail.org/2016/05/10/i-believe-these-government-se... | “In capital markets news, Wells Fargo was approved as a “primary dealer” for US Treasury debt. Many wonder what the advantages a... |
nottoobigtofail.org/2016/05/10/plenty-of-borrowers-rely-on-t... | “Certainly the government continues to be involved in the (FHA) program. The Senate recently voted 66-31 to adopt an amendment t... |
nottoobigtofail.org/2016/05/10/the-truth-about-our-economy-a... | “Leaning forward in his chair, Obama described the profound structural shifts in the economy over the past two decades that vote... |
nottoobigtofail.org/2016/05/10/why-is-the-private-sector-hel... | “(President) Obama, though, was unable or unwilling to rhetorically underscore the severity of the crisis as it unfolded, so per... |
nottoobigtofail.org/2016/05/06/why-is-justice-suing-one-of-t... | “Why would the government sue what is arguably the most taxpayer-friendly issuer of federally backed loans in the country? The D... |
nottoobigtofail.org/2016/05/03/personal-tragedies-like-losin... | “Personal tragedies, like losing a spouse (death), divorce, job loss, health issues, etc. are tough, but your mortgage lender/in... |
nottoobigtofail.org/2016/04/27/phil-angelides-former-chairma... | “Phil Angelides, former Chairman of the Financial Crisis Inquiry Commission, is at it again. He sent me a second email on April ... |
nottoobigtofail.org/2016/04/27/this-is-the-unintended-and-wo... | “The market is growing in part because so many would-be home buyers with damaged credit histories cannot get loans. Banks are un... |
nottoobigtofail.org/2016/04/27/sizing-up-the-fcic-report-fiv... | “There have been times when I have tried very hard to forget the Financial Crisis Inquiry Commission. After all, taken at face v... |
nottoobigtofail.org/2016/04/27/sizing-up-the-report-of-the-f... | “The FCIC majority (only Democrats, all Republicans dissented) thus seemed to have made up its analysis for why Fannie and Fredd... |
nottoobigtofail.org/2016/04/27/real-financial-stability-come... | “Real financial stability comes from an economy where businesses are allowed to operate day to day and plan long term with a min... |
nottoobigtofail.org/2016/04/26/big-banks-arent-the-problem/ | “The 2008 crisis did not begin in a handful of too-big-to-fail banks, but in incentives cast far and wide among home buyers, mor... |
nottoobigtofail.org/2016/04/26/monetary-reform-or-trade-war/ | “A currency issue, or a monetary problem, must be resolved by a currency and monetary solution. Today’s monetary problem is the ... |
nottoobigtofail.org/2016/04/21/finally-the-objective-truth-c... | “Finally!!! The objective truth can be revealed thanks to public court documents my team uncovered last week at uscourts.gov. He... |
nottoobigtofail.org/2016/04/20/it-depends-on-what-youre-doin... | “This LA Times article on pay is fascinating for a lot of reasons, but I am going to just focus on the Pasadena public high scho... |
nottoobigtofail.org/2016/04/20/the-great-recession-blame-gam... | “When the subprime crisis broke in the 2008 presidential election year, there was little chance for a serious discussion of its ... |
nottoobigtofail.org/2016/04/15/this-nyt-article-about-minsky... | “This NYT article about Minsky is a joke, right? “Let’s keep these bankers off balance by not telling them all the rules and not... |
nottoobigtofail.org/2016/04/15/from-phil-angelides-former-ch... | “I received the March 8, 2016 email below from Phil Angelides, former Chairman of The Financial Crisis Inquiry Commission, and f... |
nottoobigtofail.org/2016/04/14/dodd-frank-in-retreat/ | “…this is fundamentally a failure of Dodd-Frank to keep its central promise. Six years after the law was passed, and eight years... |
nottoobigtofail.org/2016/04/14/the-big-banks-are-more-equal-... | “Mr. Dimon implies that Main Street is “inventing conflicts where none need exist.” From his lofty perch on Wall Street, and wit... |
nottoobigtofail.org/2016/04/13/most-of-these-due-diligence-u... | “About a decade ago, Goldman Sachs Group Inc.’s due diligence for a residential mortgage-backed security showed an “unusually hi... |
nottoobigtofail.org/2016/04/13/i-reluctantly-watched-the-big... | “I reluctantly watched The Big Short on a plane ride recently. Here is a HUGE, HUGE takeaway: The S.E.C., some private plaintiff... |
nottoobigtofail.org/2016/04/13/carefully-crafted-more-to-con... | “The problem all along, with all of these settlements — and this one highlights it even more — is that they are carefully crafte... |
nottoobigtofail.org/2016/04/13/what-do-you-think-of-the-well... | “What do you think of the Well… |
nottoobigtofail.org/2016/04/12/fannie-also-has-started-up-a-... | “F.H.A. and government-sponsored Fannie Mae and Freddie Mac have been demanding lower credit standards — just as the feds did st... |
nottoobigtofail.org/2016/03/16/years-of-deficit-spending-and... | “Near-zero interest rates also have encouraged consumers and business to releverage. Cars are now financed with low or no-intere... |
nottoobigtofail.org/2016/03/16/big-banks-paid-110-billion-in... | “The nation’s largest banks paid fines totaling about $110 billion for their role in inflating a mortgage bubble that helped cau... |
nottoobigtofail.org/2016/03/16/preparing-for-higher-rates-in... | “This isn’t Big Banks preparing for higher rates! This is Big Banks using a loophole in GAAP accounting to “window dress” future... |
nottoobigtofail.org/2016/03/16/distracting-attention-from-th... | “..over-the-top claims that Mr. Trump is the new Il Dulce may be distracting attention from the soft despotism that Tocqueville ... |
nottoobigtofail.org/2016/03/10/perhaps-no-entity-is-more-res... | “Touching back on Sanders’s indictment of Wall Street regarding the financial crises, perhaps no entity is more responsible for ... |
nottoobigtofail.org/2016/03/10/online-finance-draws-on-geogr... | “Fascinating article. Clearly private investors in consumer loans and mortgages believe (correctly) that geography often matters... |
nottoobigtofail.org/2016/03/10/instead-of-historically-gener... | “Instead of historically generating economic growth via a wealth effect and its trickle-down effect on the real economy, negativ... |
nottoobigtofail.org/2016/03/10/vw-is-not-a-sympathetic-defen... | “Clearly, VW is not a sympathetic defendant, but this is why The Rule of Law and respect for The Constitution is so important. T... |
nottoobigtofail.org/2016/03/08/their-authoritarian-governmen... | “There is no debate that China’s financial/economic bubbles and busts are caused by their authoritarian government’s central pla... |
nottoobigtofail.org/2016/03/08/this-behavior-looks-an-awful-... | “The challenge is that, in practice, this behavior looks an awful lot like the Fed stepping in to bail out the stock market — so... |
nottoobigtofail.org/2016/03/08/im-only-responsible-for-my-ec... | “”I’m only responsible for my economic decisions, if they turn out well. If they don’t, I must have been defrauded and am going ... |
nottoobigtofail.org/2016/03/01/memo-to-chris-dodd-and-barney... | “Memo to Chris Dodd and Barney Frank: If one of the major parts of Dodd-Frank was to do away with Too Big to Fail, a check on th... |
nottoobigtofail.org/2016/02/24/the-war-in-iraq-with-the-bene... | “See the third to last sentence of Maureen Dowd’s February 22, 2016 NYT’s column below. The liberals/progressives have basically... |
nottoobigtofail.org/2016/02/23/this-is-crony-capitalism-at-i... | “The DOJ sues the big banks on behalf of FHA, using for the first time the False Claims Act, and gets billions in mortgage settl... |
nottoobigtofail.org/2016/02/23/eight-years-later-and-they-st... | “…of the six, only Wells Fargo & Co. trades at a price that is more than its book value, or its net worth. In fact, the last tim... |
nottoobigtofail.org/2016/02/23/the-recent-steep-declines-in-... | “The recent steep declines in the prices of stocks and junk bonds are not the precursor of an economic downturn. Instead, they a... |
nottoobigtofail.org/2016/02/19/before-being-inappropriately-... | “It is a truism that ignorance of the law is no defense, but to be convicted, defendants in criminal cases must have an intentio... |
nottoobigtofail.org/2016/02/17/clearly-the-government-doesnt... | “There is courage and leadership at Quicken Loans! They deserve our support and our mortgage business. Why? They aren’t a Too-Bi... |
nottoobigtofail.org/2016/02/17/this-still-doesnt-mean-that-m... | “The government (FDIC) should not insure/guarantee the deposits of a bank that has less than 10% equity capital and another 10% ... |
nottoobigtofail.org/2016/02/17/swedish-bank-move-creates-a-g... | “The move by the Swedish central bank was intended to counter the dual threat of deflation and an appreciating currency, which p... |
nottoobigtofail.org/2016/02/17/hillary-doesnt-really-believe... | “She (Hillary Clinton) didn’t often talk about the financial crisis, but when she did, she almost always struck an amicable tone... |
nottoobigtofail.org/2016/02/17/in-other-words-free-markets-c... | “Yes, but let’s be clear about two things: 1) the FDIC’s DIF “took some big hits”, because they were a poor conservator, who fir... |
nottoobigtofail.org/2016/02/11/why-european-bank-stocks-are-... | “The current European banking troubles, with significant declines in market values and 1 trillion Euro of bad loans, sure doesn’... |
nottoobigtofail.org/2016/02/11/central-bank-like-the-fed-are... | “Citigroup’s shares, for instance, are down by more than a fourth so far this year. And its stock trades at nearly half of the b... |
nottoobigtofail.org/2016/02/09/bernies-wall-street-slander/ | “They’re the most demonized people in America (bankers and Wall Street). Some six million people work in financial services in A... |
nottoobigtofail.org/2016/02/09/dont-break-up-the-banks-theyr... | “I knew Steve Eisman (of The Big Short). I disagree with a lot of what he says in his recent NYT’s OpEd about the financial cris... |
nottoobigtofail.org/2016/02/09/warrens-criminal-complaint/ | ”Sen. Warren, Sen. Bernie Sanders, and other progressives don’t like the idea that the Constitution and The Rule of Law could ge... |
nottoobigtofail.org/2016/02/09/the-feds-mismeasure-of-inflat... | “I would argue that the Fed already has reached its 2% inflation target where possible, namely in the service economy. It is unr... |
nottoobigtofail.org/2016/02/09/root-cause-of-the-global-fina... | “Doesn’t this recent New York Times’ article show that the conservative/libertarian view that government and central bank interv... |
nottoobigtofail.org/2016/02/09/a-new-liquidity-rule-may-exac... | ““Liquidity” belongs in quotes in this context because no one knows which securities will enjoy a liquid market come the next fi... |
nottoobigtofail.org/2016/02/09/good-and-honest-borrowers-man... | “Now, big money managers including Neuberger Berman, Pacific Investment Management Co. and an affiliate of Blackstone Group LP a... |
nottoobigtofail.org/2016/02/01/decided-to-burn-so-called-sen... | “The inquiry found that the central bank, the I.M.F. and the European Commission, would not have agreed to bail out Ireland had ... |
nottoobigtofail.org/2016/02/01/the-u-k-government-wisely-del... | “The U.K. government wisely delays its sale of Lloyds Bank shares, even years after the financial crisis. The U.S and Fed took y... |
nottoobigtofail.org/2016/02/01/liberalsprogressives-like-sen... | “Each of these government divisions is headed by someone nominated by the president and confirmed by the Senate. The lesson is c... |
nottoobigtofail.org/2016/02/01/not-every-banker-is-a-saint-b... | “A jury in London put the brakes Wednesday on an attempt to pin the world’s ills on “criminal bankers,” and not a moment too soo... |
nottoobigtofail.org/2016/01/27/how-dumb-was-the-fdic-r-to-se... | “Attached is a recent Howard Marks/Oaktree note discussing markets and the financial crisis. Two points: 1) How dumb was the FDI... |
nottoobigtofail.org/2016/01/27/the-experts-at-the-fed-really... | “It took a bigger shock (than a housing bust) to the economy to bring the financial system down. That shock was tighter money. T... |
nottoobigtofail.org/2016/01/27/manipulate-market-interest-ra... | “Could it be any clearer? The world’s central bankers (including our Fed, both pre and post crisis) manipulate market interest r... |
nottoobigtofail.org/2016/01/27/the-multi-trillion-dollar-pri... | “Pre-crisis, my core business, the multi-trillion dollar private-label MBS market collapsed abruptly in 2008 and has not recover... |
nottoobigtofail.org/2016/01/26/timing-was-the-key/ | “Marks/Oaktree is one of the great distressed debt investors of the past 20-30 years and he says very humbly, “I don’t really kn... |
nottoobigtofail.org/2016/01/25/the-federal-reserve-really-ha... | “These 2010 FOMC minutes (like so many other facts) make clear that the “experts” at The Federal Reserve really have no better i... |
nottoobigtofail.org/2016/01/25/a-federal-reserve-oblivious-t... | “The overpriced share values are a direct result of the Federal Reserve’s quantitative easing (QE) policy. Beginning in November... |
nottoobigtofail.org/2016/01/25/cherry-picked-all-the-lowest-... | “Several GOP candidates have pinned blame for the crisis on Fannie and Freddie. The firms successfully used their lobbying clout... |
nottoobigtofail.org/2016/01/25/financial-crisis-still-divide... | “Republicans and Democrats still have wildly different interpretations about what caused the bust. GOP candidates fault governme... |
nottoobigtofail.org/2016/01/25/could-it-be-any-clearer-that-... | “Could it be any clearer that The Federal Reserve’s monetary policies, massively distort our ability as consumers and other mark... |
nottoobigtofail.org/2016/01/25/yet-global-demand-for-homes-i... | “What’s causing these new housing bubbles in top cities around the world? Not mortgage loans. It’s very low interest rates and o... |
nottoobigtofail.org/2016/01/25/can-congress-get-its-swagger-... | “…numerous agencies are self-funding, raising money without having to worry about Congress’ power of the purse. For example, the... |
nottoobigtofail.org/2016/01/25/the-business-of-capital-forma... | “The business of capital formation has been changing dramatically right before our eyes. For years when companies were formed, f... |
nottoobigtofail.org/2016/01/25/how-the-feds-use-title-ix-to-... | “This kind of policy-making process—or, rather, policy-making without process—is unlawful and wrong. The country ought to be emb... |
nottoobigtofail.org/2016/01/25/it-is-leftists-not-conservati... | “It is federal money that corrupts: take their money and they own you. Most people probably know this but are willing to take th... |
nottoobigtofail.org/2016/01/25/true-scandal-of-deflategate-l... | “Deflategate and the N.F.L.’s inappropriate behavior reminds me of the liberal politicians and press views that the 2008/2009 fi... |
nottoobigtofail.org/2016/01/25/nearly-impossible-to-determin... | “Robert Gates was a government bureaucracy “polisher” who never had any competition. Steve Jobs built private sector businesses ... |
nottoobigtofail.org/2016/01/09/blaming-economic-crises-on-gr... | “Greed. Someone pointed out that blaming economic crises on “greed” is like blaming plane crashes on gravity. Certainly planes w... |
nottoobigtofail.org/2016/01/06/the-first-lesson-of-the-big-s... | “Here we come, then, to the first lesson of The Big Short: the inconsistency between events recounted in the book and the narrat... |
nottoobigtofail.org/2016/01/06/worry-about-asset-values-that... | “This isn’t to say that the financial system has healed: Monetary policy made itself ineffective with low interest rates, which ... |
nottoobigtofail.org/2016/01/06/residual-risks-they-pose-to-t... | “Your Dec. 31 editorial “Fannie and Freddie Forever” rightfully raises concerns over the types of credit-risk transfers (CRT) th... |
nottoobigtofail.org/2016/01/06/its-been-too-long-fan-and-fre... | “This New Year’s Eve WSJ Editorial is pretty much the concern I expressed in my blog posting statement #1022. I agree, it’s been... |
nottoobigtofail.org/2016/01/05/read-wallisons-recently-publi... | “Anyone who confuses this entertaining film with valid history should resolve to read “Missing the Point: Lessons from ‘The Big ... |
nottoobigtofail.org/2016/01/05/these-manhattan-residential-e... | “These Manhattan “residential experts” only get paid if you buy and so they never ask and answer the most important and obvious ... |
nottoobigtofail.org/2016/01/05/well-intended-government-poli... | “For those of us pessimists who believed that the eurozone structure was leading to an unsustainable bubble in the periphery cou... |
nottoobigtofail.org/2015/12/23/the-big-short-falls-short/#co... | “In the accuracy department, h… |
nottoobigtofail.org/2015/12/23/working-the-refs-on-nutrition... | “Even when everyone’s intentions are good, politics can get in the way of science. Special interests work the refs, but the refs... |
nottoobigtofail.org/2015/12/23/sec-appeals-process-on-the-sl... | “I can’t get those years back,” Mr. Hopkins said after being cleared of allegedly misleading investors ahead of the financial cr... |
nottoobigtofail.org/2015/12/23/visually-show-us-that-the-fed... | “Take a look at this recent NYT chart of the Federal funds target rate since 2000, managed by The Federal Reserve Bank (The Fed)... |
nottoobigtofail.org/2015/12/23/the-government-seems-to-alway... | “After the Dot Com (Tech) bubble burst early this century, the federal government tried to blame and destroy investment banker F... |
nottoobigtofail.org/2015/12/22/feds-monetary-distortions-cre... | “The Fed has other reasons to press ahead with raising rates. One longstanding concern is that low rates will distort investment... |
nottoobigtofail.org/2015/12/18/the-occ-will-not-use-its-disc... | “In your (FOIA) appeal, you set forth a number of reasons why you believe the OCC should make a discretionary release of the Sum... |
nottoobigtofail.org/2015/12/17/the-biggest-damage-is-in-the-... | “The extended period of (Fed-manipulated) ultralow interest rates encouraged both companies to lever up and investors to take ri... |
nottoobigtofail.org/2015/12/16/i-thought-the-experts-of-just... | “Although it would have seemed unthinkable only a few years ago, the U.S. has shot up to rank as one of the “big three” petroleu... |
nottoobigtofail.org/2015/12/16/big-short-big-hooey/ | “Widely lauded for many virtues, especially comedic, the film (The Big Short) nevertheless dwells mistakenly on an asset class t... |
nottoobigtofail.org/2015/12/16/the-new-bond-market/ | “The Federal Reserve has kept short-term interest rates near zero for seven years and bought trillions in bonds to push all bond... |
nottoobigtofail.org/2015/12/16/fixing-fannie-and-freddie-for... | “It is simply not true that we are forced to choose between one system dominated by Fannie Mae and Freddie Mac and another domin... |
nottoobigtofail.org/2015/12/16/our-government-continuing-to-... | “And those $0 down (home) loans? They are primarily drawn from the U.S. Department of Agriculture’s Rural Development Guaranteed... |
nottoobigtofail.org/2015/12/16/the-fed-at-the-brink/ | “All of these markets saw historic highs during the Fed’s quantitative-easing, near-zero heyday. The Fed wanted investors to lif... |
nottoobigtofail.org/2015/12/16/the-preachy-hectoring-tone-wr... | “The preachy, hectoring tone writer and director Adam McKay takes at the end of the ‘The Big Short’ is not only discordant, it’s... |
nottoobigtofail.org/2015/12/14/ll-they-had-to-do-was-act-lik... | “Never let anyone say that Wall Street history lacks irony. Remember those “toxic” mortgage bonds at the epicenter of the 2008-0... |
nottoobigtofail.org/2015/12/14/what-the-big-short-movie-gets... | “But it is an incomplete picture. By dwelling so intensively on mortgage finance, “The Big Short” underplays the more complex ec... |
nottoobigtofail.org/2015/12/14/fannie-and-freddie-dont-have-... | “(In 2000), Realty Times was having none of it. The bank campaign (against Fannie and Freddie), it said, posed a direct threat t... |
nottoobigtofail.org/2015/12/14/fed-weighs-consequences/ | “Federal Reserve officials participating in a “war game” exercise this year came to a disturbing conclusion: Six years after the... |
nottoobigtofail.org/2015/12/14/economic-collapse-for-fun-and... | “Of course a drop in the housing market would bring the whole thing crashing down like a Jenga tower. It was obvious. We knew it... |
nottoobigtofail.org/2015/12/09/how-to-keep-the-unemployed-ou... | “The harm of licensing rules shouldn’t be underestimated: By one assessment, such regulation has prevented the creation of nearl... |
nottoobigtofail.org/2015/12/09/a-free-option-to-default-on-t... | “IMF reports that a credit union in San Francisco rolled out a no money down, $2 million jumbo loan program that doesn’t require... |
nottoobigtofail.org/2015/12/08/well-intended-government-cra-... | “From a recent conversation we had with a client about one of their aggregator investors: “______ has a diversity guy who calls ... |
nottoobigtofail.org/2015/12/08/they-are-a-pure-free-market-f... | “Since 2011, Wells Fargo Bank has donated about $200 million a year to schools and non-profits. By comparison, giant tech compan... |
nottoobigtofail.org/2015/12/08/the-most-serious-problems-of-... | “Values of civility, mutual respect and harmony are rightly prized within the university. But….When the goals of harmony collide... |
nottoobigtofail.org/2015/12/08/top-foreign-economists-like-m... | “But Hélène Rey, a professor at the London Business School, stands firmly by her claim that the Fed’s propensity to spur specula... |
nottoobigtofail.org/2015/12/08/meal-plan-costs-tick-upward-a... | “I think this recent NYT article re. meal plan costs for students shows that many not-for-profit institutions aren’t any more vi... |
nottoobigtofail.org/2015/12/08/should-anyone-be-eligible-for... | “New research shows a preponderance of the millions of borrowers who have defaulted on student loans in recent years are poor, w... |
nottoobigtofail.org/2015/12/08/it-is-really-impossible-to-pr... | “Two points re. Shiller’s recent NYT’s article below about potential Fed action and the markets’ unknown reaction:… |
nottoobigtofail.org/2015/12/08/shouting-racism-is-a-career-m... | “A House Financial Services Committee investigation last week does a good job exposing the multiple dishonesties behind the Cons... |
nottoobigtofail.org/2015/12/08/at-least-steve-carell-is-hone... | “Your character acts as the moral center of the movie. At one point, he says that it won’t be the big banks that pay the price f... |
nottoobigtofail.org/2015/12/08/the-feds-faustian-bargain/ | “Mr. Turner holds the conventional view, expressed often and forcefully by former Fed chief Ben Bernanke, that deflation—a fall ... |
nottoobigtofail.org/2015/12/03/zero-growth-gave-us-genghis-k... | “Let’s examine what our fossil-fueled growth has provided us. It has delivered gains in living standards in even the poorest reg... |
nottoobigtofail.org/2015/12/03/america-the-indispensable/ | “I have thought for some time that Australian-born Rupert Murdoch is one of the greatest living Americans. Thank you Mr. Murdoch... |
nottoobigtofail.org/2015/12/01/liberalisms-imaginary-enemies... | “Sounds a lot like Modern Liberalism’s imaginary and unproven (in a court of law) views regarding the root-causes of the financi... |
nottoobigtofail.org/2015/12/01/new-fed-rule-limits-emergency... | “In the crisis, the Fed played a huge role in determining which firms lived and which died. Its loans helped save the American I... |
nottoobigtofail.org/2015/12/01/who-in-their-right-mind-would... | “One of the CFPB’s big threats is to charge a mortgage lender with Unfair, Deceptive and Abusive Practices (UDAP), yet doesn’t t... |
nottoobigtofail.org/2015/12/01/billions-in-mostly-bogus-and-... | “Post-crisis, the banks, especially the big, diversified ones have learned the hard way, from having to pay billions in mostly b... |
nottoobigtofail.org/2015/12/01/the-government-is-clearly-not... | “This NYT article re. government student debt is right on point and balanced. Why weren’t the private sector banks and mortgage ... |
nottoobigtofail.org/2015/12/01/the-fed-is-stressed-out/ | “The Fed’s stress tests theoretically judge whether the country’s largest banks can withstand economic downturns. So the Fed’s (... |
nottoobigtofail.org/2015/12/01/i-dont-believe-we-should-pros... | “I don’t believe we should prosecute businessmen who made legitimate business decisions in a competitive environment (“Executive... |
nottoobigtofail.org/2015/12/01/both-of-which-fueled-the-2008... | “The Obama administration didn’t create Fannie Mae and Freddie Mac, for instance, or the government’s affordable-housing goals—b... |
nottoobigtofail.org/2015/12/01/whether-the-law-gives-him-pow... | “The fact that someone has full legal authority to act in the way he does gives no answer to the question whether the law gives ... |
nottoobigtofail.org/2015/12/01/and-thats-just-terrific-and-t... | “I both love (income) inequality and am terrified of it. Inequality is partly a marker of success, so that if someone thinks of ... |
nottoobigtofail.org/2015/11/24/adam-smith-at-plymouth-rock/ | “Adam Smith at Plymouth Rock: When the pilgrims came to Plymouth Rock in 1620, they tried what they called “farming in common.” ... |
nottoobigtofail.org/2015/11/20/the-feds-monetary-policy-must... | “The Fed’s monetary policy must be made clear and credible, and its regulatory activities must comport with the rule of law and ... |
nottoobigtofail.org/2015/11/20/any-serious-fed-follower-need... | “Any serious Fed follower needs to read Mr. Thornton’s (of the Cato Institute), Requiem for QE. It’s sure is a lot different tha... |
nottoobigtofail.org/2015/11/20/private-sector-cant-compete-a... | “How many times did I say this on my blog? A lot! Financial services entrepreneurs (even very smart, well-capitalized ones) can’... |
nottoobigtofail.org/2015/11/18/when-the-campus-leftists-lack... | “When the (campus) leftists lacked power, they embraced free speech. Now that they have power, they don’t need it.”, Charles R. ... |
nottoobigtofail.org/2015/11/18/calpers-may-lower-its-return-... | “Consider the average California Highway Patrol officer who now earns $105,000. Taxpayers currently contribute $47,000 a year fo... |
nottoobigtofail.org/2015/11/18/was-it-really-in-american-hom... | “Was it really in American homeowners’ best interest to “catch a falling knife” (falling home prices in 2008-2011), with a nearl... |
nottoobigtofail.org/2015/11/18/how-the-fed-has-warped-the-40... | “The investment committee at my firm estimates that roughly $1.3 trillion in retiree assets are currently misallocated (as a res... |
nottoobigtofail.org/2015/11/16/the-friedman-compromise-has-p... | “My main answer would be that the Friedman compromise — trash-talking government activism in general, but asserting that monetar... |
nottoobigtofail.org/2015/11/16/ceos-and-fund-managers-are-no... | “And where exactly is Mr. Ackman’s investment thesis taking his investors if he’s more concerned with which products consumers s... |
nottoobigtofail.org/2015/11/16/no-large-publicly-traded-bank... | “You might say, “well, the world’s private bankers could have held more capital than what their government/central bankers told ... |
nottoobigtofail.org/2015/11/16/even-if-you-had-rich-parents-... | “Even if you had rich parents, it probably won’t be enough for your kids. President Kennedy’s father was one of the richest men ... |
nottoobigtofail.org/2015/11/16/the-laws-be-so-voluminous-tha... | “All of us have been frustrated trying to understand voluminous laws, rules, and regulations, and I just ran across something th... |
nottoobigtofail.org/2015/11/16/we-cant-imagine-a-single-one-... | “Whenever we read that a bank or lender has been charged with redlining, we’re immediately skeptical. Almost all mortgage loan o... |
nottoobigtofail.org/2015/11/13/updated-to-the-following-stat... | “November 12, 2015, Mr. Thomas J. Curry, Comptroller of the Currency, Subject: Appeal of FOIA Denial #2016-XXXX-F: Dear Mr. Curr... |
nottoobigtofail.org/2015/11/12/processing-under-the-freedom-... | “November 10, 2015, Dear Mr. Perry: This in response to your letter dated November 6, 2015, which was received in my office on N... |
nottoobigtofail.org/2015/11/12/mitch-daniels-offers-a-lesson... | “So a commitment to tolerance can coexist on campus with a commitment to free speech and open debate. What a concept.” The Wall ... |
nottoobigtofail.org/2015/11/12/this-is-sensitivity-but-also-... | “This is sensitivity but also intolerance, and it is disproportionately an instinct on the left. I’m a pro-choice liberal who ha... |
nottoobigtofail.org/2015/11/12/friedman-and-samuelson-essent... | “As the Washington Post economist Robert Samuelson reported last week, a Brookings Institution study found that even if the top ... |
nottoobigtofail.org/2015/11/12/a-good-debate-but-not-for-tru... | “Mrs. Fiorina was in the ballpark when discussing Fannie Mae and Freddie Mac. But the GOP hopefuls could stand to practice expla... |
nottoobigtofail.org/2015/11/12/disparate-impact-government-a... | “Disparate Impact: Government and Governed, Federal agency after agency seems to be ignoring laws… |
nottoobigtofail.org/2015/11/12/the-courage-to-act-but-often-... | “In the postcrisis environment, most in Washington had a strong incentive to scapegoat Wall Street. Former Sen. Chris Dodd and f... |
nottoobigtofail.org/2015/11/09/but-i-didnt-have-any-facts-no... | “I said I thought Fannie and Freddie’s attempts to transfer some mortgage guarantee credit risk to the private sector, were prob... |
nottoobigtofail.org/2015/11/09/federal-agents-wearing-kevlar... | “At 6:30 a.m. on April 24, 2012, federal agents, wearing Kevlar vests and with guns drawn, raided my home in Katy, Texas, with a... |
nottoobigtofail.org/2015/11/09/when-we-think-of-crony-capita... | “(Not Too Big to Fail) Banks are uppermost in the minds of most people when we think of crony capitalism… |
nottoobigtofail.org/2015/11/06/these-monopoly-profits-are-no... | “If our government is allowed to conduct commercial activities: providing a necessary product or service (including a government... |
nottoobigtofail.org/2015/11/06/what-little-bernanke-knew-abo... | “What little (Bernanke) knew about Fannie and Freddie appears to come straight from the left’s history of the financial crisis… |
nottoobigtofail.org/2015/11/05/the-measures-we-have-adopted-... | “As a result of the liberals in our government (and elsewhere) inappropriately scapegoating Wall Street, banks, and mortgage len... |
nottoobigtofail.org/2015/11/05/the-narrative-that-it-was-wal... | “The narrative that it was Wall Street, the banks and other private sector mortgage lenders that caused the 2008 financial crisi... |
nottoobigtofail.org/2015/11/05/mortgage-borrowers-were-their... | “The narrative that pre-crisis U.S. mortgage lenders were predators and frauds, and mortgage borrowers were their victims is obj... |
nottoobigtofail.org/2015/11/05/there-continues-to-be-movemen... | “There continues to be movement in banking, and valuations have slid over the last several years. Looking at banking deals over... |
nottoobigtofail.org/2015/11/04/freddie-mac-swings-to-loss/ | “We’ve got to get off the current boom-bust-bailout cycle, and I fear that with the status quo, it’s déjà vu all over again when... |
nottoobigtofail.org/2015/11/04/how-the-f-b-i-can-detain-rend... | “Had Meshal suffered these injuries in the United States, there is no dispute that he could have sought redress under Bivens,” J... |
nottoobigtofail.org/2015/11/03/mr-epstein-the-cpi-problem-yo... | “ANOTHER PROBLEM to which there is no good solution: tracking the “price” of living in the home you own. While 36.5% of U.S. hou... |
nottoobigtofail.org/2015/11/03/the-one-child-policy-was-as-r... | “As government policy goes, the one-child policy was as repressive and illiberal as it gets: the ultimate invasion of privacy; t... |
nottoobigtofail.org/2015/11/03/the-danes-dirty-secret-is-tha... | “It is fantastic in theory, except that, in Denmark, the quality of the free education and health care is substandard: They are ... |
nottoobigtofail.org/2015/11/03/people-dont-always-understand... | “Nevertheless, one of the things that I think people don’t always understand is how accountable a CEO actually is… |
nottoobigtofail.org/2015/11/03/i-was-the-opposite-of-a-negli... | “Here are 3 important crisis-era documents (one never made public before). They speak for themselves. Do they show any evidence ... |
nottoobigtofail.org/2015/11/02/regional-german-lenders-expan... | “The (German) state banks, collectively known as landesbanks, have benefited from low-cost government-guaranteed funding that so... |
nottoobigtofail.org/2015/11/02/competition-for-the-feds-mone... | “With a gold-based currency up and running north of the border, why not offer Americans a monetary choice as well? The propositi... |
nottoobigtofail.org/2015/11/02/i-wonder-if-this-statement-sh... | “As far as I know, the government teams in Britain and the United States that have focused on nudging have followed these guidel... |
nottoobigtofail.org/2015/11/02/central-bankers-set-the-capit... | “Central Banks have chosen to set Bank capital and reserve standards that exclude once or twice in a Century crisis. Is the curr... |
nottoobigtofail.org/2015/11/02/aeis-alex-pollocks-article-if... | “Please find below a link to the AEI’s Alex Pollock’s article “If income is going up, can median household income go down? It’s ... |
nottoobigtofail.org/2015/11/02/maybe-he-is-just-a-smart-guy-... | “Big American investors who are sharing the pain include the billionaires Wilbur L. Ross and John A. Paulson, whose investment f... |
nottoobigtofail.org/2015/11/02/free-markets-but-with-a-gover... | “Sen. Kirk and Rep. Fincher’s endorsement of the beggar-thy-neighbor mercantilism practiced by Communist China is inconsistent w... |
nottoobigtofail.org/2015/11/02/even-honest-researchers-are-a... | “Unfortunately, new research also shows that academia has itself stopped short in both the understanding and practice of true di... |
nottoobigtofail.org/2015/11/02/i-didnt-know-that-fha-invente... | “I didn’t know that FHA “invented” red-lining, did you? Look, pre-crisis, as a result of government-mandated CRA requirements an... |
nottoobigtofail.org/2015/11/02/the-agency-did-a-poor-job-of-... | “Untangling the effect of red meat from all these other risk factors is extremely difficult. And relying too heavily on relative... |
nottoobigtofail.org/2015/10/30/they-arent-that-different-tha... | “U.S. Senators like Bernie Sanders and Elizabeth Warren, and other uber-liberals/progressives in the U.S. like them, love to pla... |
nottoobigtofail.org/2015/10/30/how-4-federal-lawyers-paved-t... | ““How 4 Federal Lawyers Paved the Way to Kill Osama bin Laden”: I don’t know about you, but I was bothered by this front-page he... |
nottoobigtofail.org/2015/10/30/its-so-dangerous-for-governme... | “We should change the (banking) regulations so that these (poor) customers could stay in the financial mainstream and not leave ... |
nottoobigtofail.org/2015/10/30/former-fed-governor-kevin-war... | “(Former Fed Governor) Kevin Warsh and (Nobel Economics Laureate) Mike Spence wrote a good primer that should be read by all pre... |
nottoobigtofail.org/2015/10/30/nothing-to-fear-from-the-sec/ | “(Public company) Directors are now preoccupied with (securities) regulatory compliance at the expense of time spent growing the... |
nottoobigtofail.org/2015/10/29/a-stock-price-that-trades-at-... | “Any publicly-traded bank that doesn’t earn its cost of capital, generally has a stock price that trades at a discount to book v... |
nottoobigtofail.org/2015/10/29/he-difference-between-superfi... | “What all of the above really illustrates is the difference between superficial observation and deep, nuance analysis. The fact ... |
nottoobigtofail.org/2015/10/29/re-daily-stock-price-in-2008-... | “From: YYY To: Michael Perry Cc: AAAA, BBBB, CCC Date: Sun, 6 May 2012 08:11:18 -0500 Subject: Re: Daily Stock Price in 2008 and... |
nottoobigtofail.org/2015/10/29/government-and-american-taxpa... | “I am totally onboard with getting the government and American taxpayers out of the business of guaranteeing most U.S. mortgages... |
nottoobigtofail.org/2015/10/29/cuba-has-been-utterly-destroy... | “Those who remain in Cuba say they are also reluctant to have children, citing the strain of raising an infant in a country wher... |
nottoobigtofail.org/2015/10/29/the-ex-im-bank-is-fannie-mae-... | “I think there are plenty other ways to expand opportunity in this country, and corporate welfare is not one of them,” Mr. Ryan ... |
nottoobigtofail.org/2015/10/29/chastise-any-exploitative-for... | “The University of Phoenix – whose students owe more in cumulative student debt than any institution of higher education in Amer... |
nottoobigtofail.org/2015/10/29/i-think-republicans-and-conse... | “I am a libertarian who mostly sides with conservatives on economic matters. With that said, assuming the facts of the article b... |
nottoobigtofail.org/2015/10/28/the-new-tax-system-explained-... | “THE “NEW” TAX SYSTEM EXPLAINED IN BEER…Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. ... |
nottoobigtofail.org/2015/10/28/where-the-costs-of-trading-ar... | “One reliable way to mint money is to charge customers hefty prices for your services without ever itemizing the bill. Welcome t... |
nottoobigtofail.org/2015/10/28/what-explains-the-apparent-di... | “What explains the apparent divergence between earnings and asset prices? The unusual conduct of monetary policy… |
nottoobigtofail.org/2015/10/27/in-a-state-thats-very-cold-in... | “If you live in a rural state (especially a rural state), where there are mostly single family homes and not “many bodies around... |
nottoobigtofail.org/2015/10/27/creditors-took-sizable-losses... | “I agree with all of this…but for me, these lines are particularly important: “He seizes upon the fact that, in Lehman’s subsequ... |
nottoobigtofail.org/2015/10/27/isnt-it-better-to-let-320-mil... | “…the debate over how much faith the Fed puts in the Phillips curve shows the broader dilemma of economic policy. For all the re... |
nottoobigtofail.org/2015/10/27/were-not-supposed-to-understa... | “We’re not supposed to understand how the Federal Reserve works? That’s ridiculous, un-Democratic and why we MUST Audit the Fed ... |
nottoobigtofail.org/2015/10/27/far-better-that-they-be-disco... | “Interest rates are prices. Far better that they be discovered in the marketplace than administered from on high.”, James Grant ... |
nottoobigtofail.org/2015/10/27/i-love-peggy-noonan-telling-i... | ”The incoming (Canadian) prime minister is the 43-year-old son of charismatic former Prime Minister Pierre Trudeau. Justin Trude... |
nottoobigtofail.org/2015/10/27/money-in-the-bank-from-the-ip... | “The San Francisco company said Mr. Khosla was planning to relinquish his board seat because he prefers not to hold that role on... |
nottoobigtofail.org/2015/10/27/i-get-that-it-is-a-lot-more-c... | “As a 53-year old, fifth generation (Portuguese farm laborers from Sacramento and Italian ones from Hollister) Californian, who ... |
nottoobigtofail.org/2015/10/27/housing-bubbles-are-mostly-ca... | “Over time, the truth is being revealed. Housing bubbles are mostly caused by limited supply and demand from vibrant economic ac... |
nottoobigtofail.org/2015/10/26/banks-are-now-charging-some-c... | “Things have gotten so bad in the world of finance that banks are now charging some clients a fee to hold their money. The banks... |
nottoobigtofail.org/2015/10/26/no-for-profit-entity-should-g... | “I am so angry at GE’s un-American tactics here. The U.S. taxpayers saved GE Capital’s ass in the financial crisis. It would hav... |
nottoobigtofail.org/2015/10/26/the-progressive-gun-control-c... | “So, to the glib critics of America’s gun culture: You cannot continue to have it both ways. If vast reductions in the supply of... |
nottoobigtofail.org/2015/10/26/mr-bharara-figured-that-with-... | “It’s nice of Mr. Bharara to invoke justice years after he damaged so many lives, but the reality is that these were wrongful pr... |
nottoobigtofail.org/2015/10/26/the-dangers-ahead-if-tech-uni... | “Despite their fondness for playing them on Twitter, venture capitalists aren’t macroeconomists. And to those who seem to believ... |
nottoobigtofail.org/2015/10/23/barring-an-executive-from-tha... | “Since most big banks are federally insured, and many large health care companies do business with Medicare or Medicaid, barring... |
nottoobigtofail.org/2015/10/23/so-they-can-maintain-really-u... | “The L.A. Times article below about CalPERS is exactly what I have been saying about state and local public pension plans. They ... |
nottoobigtofail.org/2015/10/23/you-mean-that-some-of-einstei... | “The finding is another blow to one of the bedrock principles of standard physics known as “locality,” which states that an obje... |
nottoobigtofail.org/2015/10/22/anger-no-but-look-back-with-c... | “This (economic) model’s estimations aren’t fact. Moreover, these models completely missed the serial financial bubbles we have ... |
nottoobigtofail.org/2015/10/22/ex-goldman-executive-steve-mn... | “Ex-Goldman executive Steve Mnuchin was never going to take OneWest and build a real, long-term banking business… |
nottoobigtofail.org/2015/10/22/is-it-any-surprise-that-a-tri... | “In these modern times, where almost no individual, in good faith, can possibly understand, let alone comply with all of our gov... |
nottoobigtofail.org/2015/10/22/utahs-undefeated-football-tea... | “I found an almost perfect sports analogy to the national statistical rating agencies’ ratings vs. market yields for debt securi... |
nottoobigtofail.org/2015/10/21/gold-is-denominated-in-u-s-do... | “Gold is denominated in U.S. dollars, meaning its price is quoted as the amount of dollars required to buy or sell one ounce of ... |
nottoobigtofail.org/2015/10/20/central-banks-now-use-their-a... | “Without a mandate for gold or silver to back a currency, most nations can freely increase or decrease the supply of money with ... |
nottoobigtofail.org/2015/10/20/the-true-root-causes-of-the-f... | “The McCarthyist excerpt below, by the NYT’s Krugman, an economic uber-liberal, is false. It’s statements like this and the fals... |
nottoobigtofail.org/2015/10/20/what-if-atlas-shrugged-the-pr... | “What if Atlas shrugged? The premise of the novel Atlas Shrugged is the question, “What if the producers of the world went on st... |
nottoobigtofail.org/2015/10/20/its-bad-enough-that-the-feder... | “Recently, the banks were forced to bulk-up on U.S. Treasuries, as a result of new liquidity regulations. Now, the money-market ... |
nottoobigtofail.org/2015/10/20/as-zero-or-near-zero-becomes-... | “Low or zero interest rates it seems do wonders for asset prices and for a time even stabilize real economies, but they come wit... |
nottoobigtofail.org/2015/10/20/what-bernie-sanders-doesnt-un... | “The fundamental producer of income inequality is freedom. Individuals have different aptitudes and attitudes. Not even universa... |
nottoobigtofail.org/2015/10/20/morgan-stanley-profit-decline... | “A bank with volatile profitability (in moderate economic times), like Morgan Stanley, is not generating the bulk of its revenue... |
nottoobigtofail.org/2015/10/20/the-right-answer-is-not-to-re... | “The right answer is not to recap and release (Fannie and Freddie).” U.S. Treasury Secretary Jack Lew, October 19, 2015 |
nottoobigtofail.org/2015/10/16/bank-of-america-still-isnt-a-... | “More than a half dozen years after being saved/bailed-out by the U.S. government, Bank of America still isn’t a viable, for-pro... |
nottoobigtofail.org/2015/10/16/the-federal-reserves-accounta... | “The Fed’s lack of accountability as the nation’s dominant regulator is at odds with our commitment to the rule of law and the p... |
nottoobigtofail.org/2015/10/16/citigroup-still-isnt-a-viable... | “More than a half dozen years after being saved/bailed-out by the U.S. government, Citigroup still isn’t a viable, for-profit en... |
nottoobigtofail.org/2015/10/16/you-have-to-open-india-up-to-... | “I saw some of this on my trip to India in the mid-2000’s. We are so lucky to be Americans. To me, the reasons, despite a pretty... |
nottoobigtofail.org/2015/10/15/any-objective-statistical-ana... | “Seriously? Dean Judy Olian and UCLA’s business school has an “unconscious bias” against women? In this day and age? I don’t bel... |
nottoobigtofail.org/2015/10/15/in-the-tank-for-elizabeth-war... | “(Brookings Institution President) Mr. Talbott will learn that the left’s goal is not more disclosure. The left’s goal is silenc... |
nottoobigtofail.org/2015/10/15/unregulated-free-markets-are-... | “Unregulated free markets are Pareto-optimal? Almost no one believes in that. This NYT article by Nobel Laureate Shiller is inte... |
nottoobigtofail.org/2015/10/15/a-graduate-business-school-th... | “This is anti-free market capitalism and anti-American. A graduate business school that is essentially saying that they want to ... |
nottoobigtofail.org/2015/10/15/it-hardly-took-courage-to-acc... | “Mr. Bernanke and his Fed predecessor kept real interest rates below zero, creating a housing bubble that caused an economic mel... |
nottoobigtofail.org/2015/10/09/unbelievably-the-u-s-treasury... | “It is true that the international monetary system since 1971—when Richard Nixon ended the dollar’s convertibility to gold—has b... |
nottoobigtofail.org/2015/10/09/the-imf-is-saying-that-centra... | “The IMF warned that asset prices around the globe aren’t adequately reflecting the hazards from investors moving into riskier m... |
nottoobigtofail.org/2015/10/09/what-the-heck-is-fortress-thi... | “One of the things we look at is the way you fill out an application,” said ZestFinance Chief Executive Douglas Merrill. “If you... |
nottoobigtofail.org/2015/10/08/it-oscillated-between-punishi... | “Rockstrom begins his argument with a reminder that for most of the earth’s 4.5-billion-year history its climate was not very ho... |
nottoobigtofail.org/2015/10/08/i-thought-the-science-was-lon... | “What??? I thought the science was long-settled that neutrinos have no mass? Of course not, because true science is never settle... |
nottoobigtofail.org/2015/10/08/pension-funds-and-other-insti... | “Fundraising is getting easier because pension funds, insurance companies, sovereign-wealth funds and other institutions increas... |
nottoobigtofail.org/2015/10/08/a-department-thats-prepared-t... | “…the next attorney general will be confronted with a department that’s prepared to resist policy changes. This will require gre... |
nottoobigtofail.org/2015/10/08/this-is-a-land-not-of-privile... | “But there is one principle which pervades all the institutions of this country, and which must always operate as an obstacle to... |
nottoobigtofail.org/2015/10/07/their-money-has-the-potential... | “Philanthropists (even billionaires like Facebook’s Mark Zuckerberg) will not be able to change education and improve student ou... |
nottoobigtofail.org/2015/10/07/lehmans-liquidation-prudently... | “(Bernanke) writes that it was simply impossible to save Lehman, pointing to the nearly $200 billion of losses that Lehman’s cre... |
nottoobigtofail.org/2015/10/07/the-magnitude-of-the-panic-at... | ““The magnitude of the panic at the height of the crisis was the most important reason for the severity of the Great Recession,”... |
nottoobigtofail.org/2015/10/07/you-do-the-math-but-clearly-t... | “Some economists don’t seem to understand “bank math”…one in particular at Stanford has said “banks should have a lot more capit... |
nottoobigtofail.org/2015/10/07/ather-than-trying-to-predict-... | “How about if the Fed, rather than trying to predict and prevent future financial crises, stops creating so many of them?”, Mike... |
nottoobigtofail.org/2015/10/05/the-skills-of-the-workforce-t... | “Fed critics sometimes argue that you can’t “print your way to prosperity,” and I agree, at least on one level. The Fed has litt... |
nottoobigtofail.org/2015/10/05/dont-cross-elizabeth-warren/ | “What good is a think tank if thinking isn’t allowed? That’s the question the hard-left senator from Massachusetts, Elizabeth Wa... |
nottoobigtofail.org/2015/10/05/i-think-we-should-pause-and-r... | “At the same time, the governor issued a blunt warning against the proliferation of laws criminalizing behavior…..In a forceful ... |
nottoobigtofail.org/2015/10/05/hud-and-fhfa-are-nuts-to-allo... | “I AGREE WITH Senator Elizabeth Warren!!! HUD and FHFA are nuts to allow FHA, Fannie and Freddie to auction off their distressed... |
nottoobigtofail.org/2015/10/05/affordable-housing-problem-li... | “As one Nobel Prize-winning economist wrote in 2000, “The analysis of rent control is among the best-understood issues in all of... |
nottoobigtofail.org/2015/10/05/are-buyers-and-borrowers-real... | “Should we really care about new and better government mortgage forms? They say they’re great, but they said the same about the ... |
nottoobigtofail.org/2015/10/02/the-ding-dongs-at-the-fdic-cl... | “Can’t anybody here play this game? Three-quarters of all U.S. stock mutual funds have failed to beat the market over the past d... |
nottoobigtofail.org/2015/10/02/the-ding-dongs-at-the-fdic-fi... | “Mr. Weinstein pleaded with the pension fund to allow him to pay it back in installments over several quarters, arguing that it ... |
nottoobigtofail.org/2015/10/02/unsustainable-contracts-can-a... | “Our greatest financial challenge today is the exploding cost of our unpaid pensions,” (Mayor Rahm Emanuel) told the Chicago Cit... |
nottoobigtofail.org/2015/10/01/we-would-never-have-recession... | “If low interest rates were just that simple of a panacea, we would never have recessions. We would never have these crises. We ... |
nottoobigtofail.org/2015/10/01/pope-francis-brings-a-message... | “All the pope could say in Havana was, “Service is never ideological, for we don’t serve ideas, we serve people.” The comment wa... |
nottoobigtofail.org/2015/10/01/the-most-dangerous-and-very-w... | “Americans who knowingly use the awesome and coercive power of our government in a manner that is either unconstitutional or sta... |
nottoobigtofail.org/2015/10/01/when-are-our-federal-governme... | “Back in 1965 the Federal Government spent about 17% of GDP and the politicians annually controlled almost 70% of that spending;... |
nottoobigtofail.org/2015/10/01/does-the-new-york-times-reall... | “Does the New York Times really have a mortgage victim in the Hubbards from Sacramento, California? They bought their home back ... |
nottoobigtofail.org/2015/09/28/with-an-artificially-fed-smoo... | “Sen. Rand Paul and Mark Spitznagel have warned that one of the Fed’s Congressionally-proscribed dual-mandates: Full Employment…... |
nottoobigtofail.org/2015/09/28/the-jack-kemp-model-for-repub... | “Many Republicans thought (Jack Kemp) was too fixated on the plight of the poor. What he advocated was a war on poverty by conse... |
nottoobigtofail.org/2015/09/25/was-that-an-implicit-endorsem... | “In the Americas “thousands of persons are led to travel north in search of a better life for themselves and for their loved one... |
nottoobigtofail.org/2015/09/24/effectively-controlling-the-f... | “The Constitution prevents U.S. socialists/progressives from nationalizing the private, for-profit sector; a key goal, if they a... |
nottoobigtofail.org/2015/09/24/founding-fathers-never-expect... | “The Founding Fathers never expected the Supreme Court to become a rubber stamp for Leviathan (a totalitarian state having a vas... |
nottoobigtofail.org/2015/09/23/ending-the-ratings-racket/ | “For decades before the crisis, SEC staff had recognized a small group of private credit-rating agencies—including Standard & Po... |
nottoobigtofail.org/2015/09/23/i-wonder-if-this-mispricing-c... | “I wonder if Amazon and other firms like them are now using the USPS for some shipping, because the USPS is mispricing the busin... |
nottoobigtofail.org/2015/09/23/we-put-at-risk-the-traditions... | “What is the morality of our declining to fully support and cooperate with the national defense effort, that it enable us to sle... |
nottoobigtofail.org/2015/09/21/what-keynes-would-think-of-ne... | “Keynes’s supposed antagonism toward bullion arises from a misunderstanding of his famous statement in 1924 that the “gold stand... |
nottoobigtofail.org/2015/09/21/crazy-or-stupid-or-both-to-pa... | “The owners and employees of Uber are crazy or stupid (or both) to pay billions in capital gains and other taxes to California, ... |
nottoobigtofail.org/2015/09/21/resources-are-irrelevant-if-t... | “As long as we’re making education about the adults and not the children, that’s a problem. There are a lot of agendas being pur... |
nottoobigtofail.org/2015/09/16/the-elizabeth-warren-crowd-wa... | “…a close reading of the Yates memo and her remarks at NYU have us wondering if the point of this exercise is not better targeti... |
nottoobigtofail.org/2015/09/16/the-feds-artificially-low-int... | “…it is the Fed’s artificially low interest rates that set up the economy for the 2008 crisis, not to mention previous crises. I... |
nottoobigtofail.org/2015/09/16/constitutionally-slavery-is-n... | “Far from a proslavery compact of “racist principles,” the Constitution was based on a repudiation of the idea of a nation dedic... |
nottoobigtofail.org/2015/09/15/roughly-ten-years-ago-everyon... | “Roughly ten years ago, everyone was gaga over real estate, especially residential. This was underpinned by some bits of “accept... |
nottoobigtofail.org/2015/09/15/dean-keep-told-me-when-we-spo... | “Dean Keep told me when we spoke. If the government had rules about where the line was between an illegal pyramid scheme and a l... |
nottoobigtofail.org/2015/09/15/products-and-services-create-... | “My wife and I had a few days with no kids at home (our youngest, the only one at home these days, went on a high school retreat... |
nottoobigtofail.org/2015/09/14/a-dependence-on-the-caprices-... | “Whenever a Government assumes the power of discriminating between the different classes of the community, it becomes, in effect... |
nottoobigtofail.org/2015/09/14/in-africa-a-human-being-is-mo... | “In Africa, a human being is more important than an animal. I don’t know about the Western world,” she added, echoing a complain... |
nottoobigtofail.org/2015/09/14/the-islamist-menace-shadowing... | “Remember, this war against us did not start that September day in 2001. It had been going on for a long time. The plane hijacki... |
nottoobigtofail.org/2015/09/14/scapegoating-the-police-ignor... | “It’s the black poor – the primary victims of violent crimes and thus the people most in need of effective policing – who must l... |
nottoobigtofail.org/2015/09/08/maybe-no-taxes-for-free-marke... | “The rate at which family businesses fail is astonishing,” said Ude, who is the Director of the USC Marshall Family Business Pro... |
nottoobigtofail.org/2015/09/08/a-major-impact-on-the-availab... | “At issue are the additional protections against defaults, known as “credit overlays,” that banks impose on top of the 580 credi... |
nottoobigtofail.org/2015/09/08/capitalism-causes-wealth-to-b... | “The essential nature of capitalism is social harmony through the pursuit of self-interest. Under capitalism, the individual’s p... |
nottoobigtofail.org/2015/09/08/the-march-of-foolish-things/ | “Sowell has been teaching economics to Americans through his books and articles for four decades. So it seems like a natural que... |
nottoobigtofail.org/2015/09/07/a-better-way-to-bring-elites-... | “’Rent extraction’ is economist-speak for the tax in many forms that government places on people trying to go about their busine... |
nottoobigtofail.org/2015/09/04/obamas-half-baked-alaska/ | “The fashionable tendency to blame every change in climate and every extreme-weather event on human emissions is doing a grave d... |
nottoobigtofail.org/2015/09/03/i-am-a-lifelong-raider-fan-bu... | “As soon as the parties got in front of Berman, he chided the NFL, asking, “What is evidence of scheme or conspiracy that covers... |
nottoobigtofail.org/2015/08/30/just-a-decade-ago-our-experts... | “The article below is the most realistic I have ever seen re. energy. It has solar and wind combined being about 15% to 25% of g... |
nottoobigtofail.org/2015/08/30/show-some-spine-federal-reser... | “The case for raising rates is straightforward: Like any commodity, the price of borrowing money — interest rates — should be de... |
nottoobigtofail.org/2015/08/23/doubt-starts-chipping-away-at... | “This particular cycle has been affected by the actions of the Fed and the many unintended consequences of what the Fed has done... |
nottoobigtofail.org/2015/08/23/grad-school-loan-binge-fans-d... | “Federal programs allow grad students to borrow essentially unlimited amounts—whatever their schools charge—while requiring only... |
nottoobigtofail.org/2015/08/23/ceo-fiorina-fought-the-good-f... | “What’s reasonable to expect is something else: CEOs who make conscientious choices and diligently execute them, knowing that su... |
nottoobigtofail.org/2015/08/23/the-first-risk-is-near-term-f... | “The first risk is near-term. Financial decisions depend on real—that is, net-of-inflation—interest rates. If the public believe... |
nottoobigtofail.org/2015/08/23/the-feds-trade-off-between-in... | “The Fed’s adherence to a negatively sloped Phillips curve — predicting lower unemployment obtained by higher inflation — is a f... |
nottoobigtofail.org/2015/08/19/the-united-states-needs-to-ta... | “The Libertarian Cato Institute co-publishes a Human Freedom Index (HFI) and the most recent one (2012) ranked the United States... |
nottoobigtofail.org/2015/08/17/this-stanford-professor-is-ri... | “I was not a banking expert, but after studying it (post-crisis), I found that a lot of policymakers and people commenting on it... |
nottoobigtofail.org/2015/08/17/banking-is-risk-taking-withou... | “All this will seem impossibly weedy to some, but banking is risk-taking; without risk-taking, there is no investment and no gro... |
nottoobigtofail.org/2015/08/17/honorary-degree-to-a-conserva... | “But no Ivy League University has ever awarded such a degree (honorary) to anyone sitting now on the right of the (Supreme) Cour... |
nottoobigtofail.org/2015/08/17/helping-these-people-is-the-r... | “This issue (the plight of the worlds refugees) should be one of the most important roles of developed countries’ (and related w... |
nottoobigtofail.org/2015/08/12/the-suicide-of-the-liberal-ar... | “To restore the liberal arts, those of us who teach should begin by thinking about students. Almost all of them have serious que... |
nottoobigtofail.org/2015/08/12/tesla-is-a-compliance-company... | “…expect the Obama mileage rules to be felt widely—in the steepening price of new cars, in reduced revenues for traditional auto... |
nottoobigtofail.org/2015/08/07/3-u-s-defeats-vietnam-iraq-an... | “Iran will use its $150 billion windfall to spread terror around the region and exert its power. It will incrementally but dange... |
nottoobigtofail.org/2015/08/04/federal-aids-role-in-driving-... | “Imagine a scenario in which the federal government helps households pursue the American dream with ultra-loose credit, only to ... |
nottoobigtofail.org/2015/08/04/wildly-reckless-bond-investor... | “There is a LOT that I don’t agree with in this NYT Magazine article, but there are three important issues that it raises that I... |
nottoobigtofail.org/2015/08/03/but-when-you-become-his-credi... | “Debtors and creditors in the end never have a good relationship,” said Hans-Werner Sinn, a leading German economist. “It is lik... |
nottoobigtofail.org/2015/08/03/the-new-slow-growth-normal-an... | “…Hoover economist John Cochrane, spoke of fears that America is drifting toward a “corporatist system” with diminished politica... |
nottoobigtofail.org/2015/08/03/is-a-well-intended-but-wrong-... | “It seems to me that this company’s “$70,000 salary for all” is a well-intended, but wrong way to address labor inequality. You ... |
nottoobigtofail.org/2015/08/03/consumption-goods-into-capita... | “Uber and other sharing-economy innovations create more productive capital and create more capitalists. Government interventions... |
nottoobigtofail.org/2015/08/03/but-the-mortgage-lender-andor... | “Are mortgage lenders and investors in mortgages and mortgage securities supposed to be financially responsible for every troubl... |
nottoobigtofail.org/2015/08/02/if-anthropogenic-climate-chan... | “With so many questions still unanswered, why are many climate scientists, politicians—and the left generally—so anxious to lock... |
nottoobigtofail.org/2015/07/29/its-really-hard-to-analyze-th... | “It’s really hard to analyze these RTO programs (without more information), but my instincts tell me they aren’t economic for mo... |
nottoobigtofail.org/2015/07/29/when-it-comes-to-purchasing-a... | “When it comes to purchasing a home, timing really is everything. Some recent buyers have been extraordinarily lucky, with home ... |
nottoobigtofail.org/2015/07/29/capital-gains-tax-treatment-a... | “I agree with Mr. Fink, who is advising Hillary and probably is responsible for most of her negative views about the “quarterly ... |
nottoobigtofail.org/2015/07/28/no-export-import-bank-no-prob... | “By its very nature, the Export-Import Bank is corporate welfare, and its beneficiaries have no interest in seeing the taxpayer ... |
nottoobigtofail.org/2015/07/28/swing-voters-could-conclude-t... | “As two former chief economists of the U.S. Chamber, we know whereof we speak when we point out that it’s the same old battle be... |
nottoobigtofail.org/2015/07/27/it-wasnt-home-lenders-who-cau... | “Extravagant expectations do lurk in parts of the market. In the 2015 Yale School of Management survey of recent home buyers tha... |
nottoobigtofail.org/2015/07/27/the-great-principles-known-as... | “To limit abuse by the rulers, ancient Rome wrote down the law and permitted citizens to read it. Under Dodd-Frank, regulatory a... |
nottoobigtofail.org/2015/07/27/to-a-bunch-of-20-and-21-year-... | “As my progressive young students listened to me explain why government was preventing them from using their cell phones to get ... |
nottoobigtofail.org/2015/07/27/i-guess-it-takes-all-day-for-... | “MBA’s July 10th chart of the week highlights retail mortgage applications per underwriter with a ten-year trend in average mont... |
nottoobigtofail.org/2015/07/27/preventing-colleges-from-taki... | “The U.S. Department of Education makes loans without regard to the borrower’s future ability to repay the debt. Federal Perkins... |
nottoobigtofail.org/2015/07/27/i-find-it-harder-and-harder-t... | “John (Doe), I am the CEO and owner of a privately held bank in the Southeast. Over 90% of my and my family’s, net worth is tied... |
nottoobigtofail.org/2015/07/27/the-consequences-of-a-bad-dea... | “Once those benefits begin flowing all around, the pressure on world governments will only increase to ignore Iranian violations... |
nottoobigtofail.org/2015/07/27/why-greece-should-leave-the-e... | “One-third of the public credit ($375 billion) that has flowed to Greece since 2008 has been used to bail out private creditors;... |
nottoobigtofail.org/2015/07/24/these-jumbo-fixed-rate-mortga... | “It’s nuts that banks and other regulated financial institutions are offering 4%, 30-year, fixed-rate, jumbo mortgages… |
nottoobigtofail.org/2015/07/24/you-cant-intervene-in-the-mar... | “For much of the last 40 years, planning in Los Angeles has been guided by the idea that growth is bad, that more people mean mo... |
nottoobigtofail.org/2015/07/22/fifty-years-of-debasing-money... | “The original coinage act established the United States Mint and declared the dollar as the “money of account” for the new repub... |
nottoobigtofail.org/2015/07/21/is-this-really-responsible-mo... | “An institution’s clear articulation of underwriting policies regarding income derived from public assistance programs; training... |
nottoobigtofail.org/2015/07/22/go-back-to-caveat-emptor/ | “Now its French towns that knowingly (despite false claims otherwise after it didn’t work out) and greedily (so they could spend... |
nottoobigtofail.org/2015/07/22/uber-crashes-the-democratic-p... | “It is an axiom of modern American life: Offer a new service that is wildly popular with the public, and sooner or later you wil... |
nottoobigtofail.org/2015/07/21/its-not-anti-competitive-oil-... | “It’s not anti-competitive oil and gas companies, its California’s liberal politicians who are responsible for our high gas pric... |
nottoobigtofail.org/2015/07/21/fannie-and-freddie-are-back-b... | “AFTER the financial crisis of 2008, there was one thing that almost everyone agreed on. The government-sponsored mortgage giant... |
nottoobigtofail.org/2015/07/21/i-am-not-aware-of-a-single-ca... | “I am not aware of a single case against a major U.S. mortgage lender where our federal, state, or local governments and/or thei... |
nottoobigtofail.org/2015/07/21/in-major-u-s-markets-like-it-... | “Nonconforming mortgages weren’t a primary cause of the last (pre-2008 crisis) housing price boom. Their expanded availability a... |
nottoobigtofail.org/2015/07/21/after-five-years-dodd-frank-i... | “It wasn’t deregulation that caused the (financial) crisis, it was dumb regulation. Among the dumbest were Washington’s affordab... |
nottoobigtofail.org/2015/07/21/greeks-worry-about-bailouts-p... | “How is Greece’s current political and economic system, which is anti-free markets and competition, and has impoverished their p... |
nottoobigtofail.org/2015/07/21/savers-must-be-persuaded-to-a... | “Greek banks have lots of Greek sovereign debt on their balance sheets (which is exacerbating their financial insolvency), so di... |
nottoobigtofail.org/2015/07/16/the-most-predictable-crisis-i... | “A system failure is only a matter of time. At some point, what Democrat Erskine Bowles has aptly labeled “the most predictable ... |
nottoobigtofail.org/2015/07/14/i-think-you-almost-have-to-be... | “Some Republicans and white-collar defense attorneys believe the pendulum at times has swung too far, leading to a quest for pen... |
nottoobigtofail.org/2015/07/14/a-direct-line-from-the-greeks... | “I have posted a lot about the Greek crisis, because I see a direct line from the Greeks and their politicians to the fairly lar... |
nottoobigtofail.org/2015/07/14/either-an-intellectual-lightw... | “Excuse my “French”, but NYTimes columnist Paul Krugman is either an intellectual lightweight or an ideologue, liberal liar or b... |
nottoobigtofail.org/2015/07/14/only-eight-companies-backed-b... | “Only eight companies backed by VC have gone public in 2015 (down from 115 in 2014), Yes it’s SOX and an unfair S.E.C.. Yes it’s... |
nottoobigtofail.org/2015/07/13/as-human-beings-i-honor-them/ | “But as to Mr. Trump’s words, throughout our history other nations never sent their “best” to America. My people and my friend’s... |
nottoobigtofail.org/2015/07/13/i-know-the-aei-and-its-leader... | “Capitalism, (AEI’s Brooks) insists, succeeds not because it is based on greed, but because the freedom to trade and do business... |
nottoobigtofail.org/2015/07/13/explain-this-fact-mr-krugman/ | “Ireland was the second eurozone member after Greece to receive a bailout from the EU and the IMF. Unlike Greece, it stuck close... |
nottoobigtofail.org/2015/07/13/ken-stabler-dies-at-69/ | “I’ve often said, if I had one drive to win a game to this day, and I had a quarterback to pick, I would pick Kenny,” John Madde... |
nottoobigtofail.org/2015/07/09/theres-no-chance-that-the-iph... | “Good thing for Steve Ballmer that Microsoft isn’t a California corporation, which UNBELIEVABLY does not apply the common law Bu... |
nottoobigtofail.org/2015/07/09/infamous-tax-cheating-greeks-... | “Panicked doesn’t begin to describe how people feel,” said Antonis Mouzakis, an Athens accountant. “I have a huge number of cust... |
nottoobigtofail.org/2015/07/09/you-cant-establish-a-currency... | “With the dawning of the new century, the former French president Valéry Giscard d’Estaing was chairman of a convention in Bruss... |
nottoobigtofail.org/2015/07/09/the-government-doesnt-make-mi... | “I thought the science was settled long ago? The Federal government told us for decades that fat was bad and published dietary g... |
nottoobigtofail.org/2015/07/09/puerto-ricos-problems-so-poss... | “Few Democratic leaders will choose the austerity recommended by Mr. Hanson before every other policy door has been slammed shut... |
nottoobigtofail.org/2015/07/08/the-probability-of-loss-is-no... | “If you read Howard Marks, Co-Chairman of Oaktree’s June 8, 2015 client letter, “Risk Revisited Again”, two things are clear: Fi... |
nottoobigtofail.org/2015/07/08/why-does-the-private-sector-n... | “Just two-tiers (Fannie/Freddie and FHA) of mispriced, below-market, government mortgage rates is fabulous!!! In a free market f... |
nottoobigtofail.org/2015/07/08/how-important-the-rule-of-law... | “DOES democracy trump debt? Of course not, not even in Europe. No bank clerk here would be impressed if a family told her that t... |
nottoobigtofail.org/2015/07/08/the-mortgage-lenders-clearly-... | “Hurtado-Sokolow told me she had sold a South Pasadena house for $1,100,000 less than two years ago to owners who made improveme... |
nottoobigtofail.org/2015/07/07/how-a-greek-default-could-ham... | “Greece is on the verge of defaulting on 490 billion euros ($540 billion) in loans, bond obligations, central-bank liquidity ass... |
nottoobigtofail.org/2015/07/07/a-grecian-formula-for-courtin... | “For most of the past several years, Greece has received considerably more cash than it has paid out. Although you would never k... |
nottoobigtofail.org/2015/07/07/how-greece-got-to-no/ | “…he first tackles the pervasive (Greek) issues of disability and pension fraud, rampant tax evasion, and public worker job prot... |
nottoobigtofail.org/2015/07/07/greece-and-the-flight-from-re... | ”Greece wanted to be prosperous without being competitive. It wanted to run a five-star welfare state with a two-star economy. I... |
nottoobigtofail.org/2015/07/07/its-always-the-lenders-fault-... | “And let’s be clear: if Greece ends up leaving the euro, it won’t mean that the Greeks are bad Europeans. Greece’s debt problem ... |
nottoobigtofail.org/2015/07/07/major-european-banks-would-ha... | “Fun fact about the Greece bailout: cutting through all the noise, there was an enormous wealth transfer from citizens across Eu... |
nottoobigtofail.org/2015/07/07/on-marva-collins/ | “In truth, though, they also saw her (Marva Collins) as a powerful rebuke to the failure of this city’s public schools, especial... |
nottoobigtofail.org/2015/07/07/gates-to-double-investment-in... | “The co-founder of Microsoft (Bill Gates) said it was “fantastic” that the UN, national governments, and environmental campaigne... |
nottoobigtofail.org/2015/07/06/the-high-courts-disunited-sta... | “Justice Antonin Scalia put his criticism in populist terms. His message seemed a warning to the court. “Today’s decree says tha... |
nottoobigtofail.org/2015/07/06/fannie-and-freddie-made-a-pro... | ““Fannie and Freddie made a profit until they didn’t,” Mr. Hensarling said. “We are becoming a backstopped, bailed-out, bankrupt... |
nottoobigtofail.org/2015/07/01/this-is-a-liability-of-the-pe... | “After years of neglect, state officials estimate it will cost $59 billion to fix the now-crumbling roads and freeways that Gov.... |
nottoobigtofail.org/2015/07/01/really-how-different-are-puer... | “When Puerto Rico’s governor told lawmakers and citizens on Monday that the commonwealth could not pay its $72 billion in debt, ... |
nottoobigtofail.org/2015/07/01/indonesia-bans-foreign-curren... | “I don’t believe the U.S. allows domestic transactions to occur in foreign currencies either? And while the rupiah has depreciat... |
nottoobigtofail.org/2015/07/01/restoring-market-incentives-s... | “We know the basic conditions in which strong economic growth occurs. Chief among them is a government that does not do too much... |
nottoobigtofail.org/2015/07/01/paulson-hasnt-got-a-lot-of-wi... | “Puerto Rico’s biggest hedge fund cheerleader in New York has been the billionaire John A. Paulson. Mr. Paulson told investors a... |
nottoobigtofail.org/2015/06/30/industry-regulations-and-requ... | “Industry regulations and requirements are having an adverse effect on new 1-4 family mortgage loan originations, which are at a... |
nottoobigtofail.org/2015/06/30/destroys-peoples-desire-to-wo... | “Puerto Rico’s debt crisis is the result of years of government mismanagement. Dozens of agencies and publicly owned corporation... |
nottoobigtofail.org/2015/06/30/you-send-your-ambassador-back... | “‘Let me get this straight,’ I (Michael Oren, Israel’s former ambassador to the U.S.) began. ‘We inadvertently slight the vice p... |
nottoobigtofail.org/2015/06/29/these-guys-arent-geniuses-the... | “A number of hedge funds have also made big bets on Greek banks, despite their thin levels of capital and nonperforming loans of... |
nottoobigtofail.org/2015/06/29/in-an-uber-world-fortune-favo... | “If you use (as a customer), work for, and/or invest in firms like Uber and AirBnB, you are making an affirmative and free marke... |
nottoobigtofail.org/2015/06/29/when-are-we-going-to-start-ho... | “Given that administrative law judges are employees of the S.E.C., defendants wonder if they can be fair. And is it right for de... |
nottoobigtofail.org/2015/06/28/hypocritical-for-calpers-to-c... | “It’s pretty hypocritical for Calpers to constantly lecture publicly-traded companies about governance when they don’t even know... |
nottoobigtofail.org/2015/06/25/a-fearless-culture-fuels-u-s-... | “Often overlooked in the success of American start-ups is the even greater number of failures. “Fail fast, fail often” is a Sili... |
nottoobigtofail.org/2015/06/25/a-companys-profits-are-the-mi... | “A company’s profits are the minimum value of the work it does for you and for society. Google, to take another example, generat... |
nottoobigtofail.org/2015/06/25/identity-politics-and-bumping... | “Jack Lew’s announcement about having a woman on the $10 bill is another example of how identity politics has reached a new high... |
nottoobigtofail.org/2015/06/24/frankly-some-judges-are-biase... | “Given my experience (as a publicly unsympathetic defendant, because I was a banker) with federal judges and the U.S. civil lega... |
nottoobigtofail.org/2015/06/24/it-still-has-performed-way-be... | “As dismal as the performance of BofA stock has been since 2008, it still has performed way better than Citigroup. Adjusted for ... |
nottoobigtofail.org/2015/06/24/since-when-does-a-party-to-a-... | “Cordray watch: As you know, the Judge Cameron Elliot ruled that PHH Mortgage should be fined $6.4 million with CFPB head Richar... |
nottoobigtofail.org/2015/06/24/pretty-much-only-high-quality... | “But is the private label market coming back, at long last? Issuance of mortgage backed securities has increased to $32 billion ... |
nottoobigtofail.org/2015/06/24/courtesy-of-its-decades-of-li... | “I am mostly sad from this situation because I have memories of growing up in a (Greek) society where we were raised with strong... |
nottoobigtofail.org/2015/06/24/hamilton-would-have-been-shoc... | “The irony of this (Bernanke blogging for Hamilton to stay on the ten-dollar bill) is that while chairing the Federal Reserve, M... |
nottoobigtofail.org/2015/06/24/energy-efficiency-programs-nu... | “The authors (including a former Obama administration chief economist) compared the energy consumption and thermostat settings o... |
nottoobigtofail.org/2015/06/24/the-popes-solution-for-warmin... | “As Georgia Tech climatologist Judith Curry has explained: “One argument that President Obama hasn’t tried to make explicitly is... |
nottoobigtofail.org/2015/06/24/fracking-and-the-franciscans/ | “Hardest to accept, though, is the moral premise implied throughout the (Pope’s) encyclical: that the only legitimate human rela... |
nottoobigtofail.org/2015/06/22/fed-broke-the-law-with-aig-bu... | “Hurrah for former AIG CEO Hank Greenberg and his courage (and money). Three cheers for Judge Wheeler who has restored our faith... |
nottoobigtofail.org/2015/06/19/sort-of-warming-spiritually-o... | “Dear XXXX and Mike, One would have to understand that the Pope is only deemed infallible in matters of faith and morals and eve... |
nottoobigtofail.org/2015/06/18/there-is-no-wink-and-nod-guar... | “(Treasury Secretary) Lew noted that prior to 2008 there was no explicit backstop (for Fannie and Freddie). Many even denied the... |
nottoobigtofail.org/2015/06/18/todays-historically-high-indu... | “Pre-crisis, as a result of vibrant competition, mortgage bankers made a profit of just 0.156% ($312 on a $200,000 mortgage), as... |
nottoobigtofail.org/2015/06/17/will-congress-now-rein-in-the... | “I wonder whether fiat money and the absence of monetary rules played a role in the buildup of the imbalances that brought down ... |
nottoobigtofail.org/2015/06/17/the-long-way-back-from-2008/ | “Judge Thomas C. Wheeler of the United States Court of Federal Claims only stated what we all understood at the time: Officials ... |
nottoobigtofail.org/2015/06/17/banks-like-citi-havent-earned... | “Higher capital doesn’t contribute to lower lending. The data show that the opposite is true: Banks with stronger capital positi... |
nottoobigtofail.org/2015/06/17/the-groupthink-mentality-in-g... | “Of concern is a groupthink mentality, both at the institutional level and at granting agencies, such that demonstration of amyl... |
nottoobigtofail.org/2015/06/17/government-doesnt-always-know... | “Government doesn’t always know best, nor do its friends in “public health.” The story has often been told of how dietary reform... |
nottoobigtofail.org/2015/06/17/the-government-stopped-its-gl... | “Without expressing an opinion on global warming, I believe the reason that Americans became less concerned about global warming... |
nottoobigtofail.org/2015/06/16/hank-greenberg-wins-an-histor... | “On Monday Judge Thomas Wheeler of the U.S. Court of Federal Claims ruled that the Federal Reserve Bank of New York’s seizure of... |
nottoobigtofail.org/2015/06/16/former-aig-chief-hank-greenbe... | “There is nothing in the Federal Reserve Act or in any other federal statute that would permit a Federal Reserve Bank to take ov... |
nottoobigtofail.org/2015/06/16/a-complete-violation-of-the-r... | “Citing an affordable housing crisis of “epic proportions,” the California Supreme Court made it easier Monday for cities and co... |
nottoobigtofail.org/2015/06/16/socialism-being-the-equal-sha... | “When austerity pressures caught up to debt-laden sovereigns in recent years, however, the less leveraged—and not coincidentally... |
nottoobigtofail.org/2015/06/16/memo-to-the-fed-first-do-no-h... | “After the meeting (Milton) Friedman suggested we chat, and proceeded to give me a half-hour lecture on the difficulties inheren... |
nottoobigtofail.org/2015/06/16/college-tuition-has-outpaced-... | “College tuition has outpaced inflation for three decades, and employment prospects for graduates are grim: More than 40% end up... |
nottoobigtofail.org/2015/06/15/if-i-lived-in-dannemora-new-y... | “I believe in the 2nd Amendment and am an avid and lifelong gun owner and hunter (and recently revived bow hunter). That said, g... |
nottoobigtofail.org/2015/06/11/department-of-justice-challen... | “The money bail system is supposed to curb the risk of flight by requiring defendants to post bond in exchange for freedom befor... |
nottoobigtofail.org/2015/06/10/banks-and-thrifts-cant-compet... | “In America, I think it should be illegal to require a college degree for any job. Degrees and especially “pedigrees” from elite... |
nottoobigtofail.org/2015/06/10/sec-ignores-its-appeals-guide... | “If one is successful in having charges dismissed before an administrative law judge, as I was, the SEC can appeal that decision... |
nottoobigtofail.org/2015/06/10/be-a-lesson-to-all-those-amer... | “Could it be any more clear that this real life Greek Tragedy has been caused by decades of liberal/progressive politicians and ... |
nottoobigtofail.org/2015/06/10/congressional-oversight-is-a-... | “The double standard of Sen. Warren’s positions is indirectly presented in your editorial “President Warren Declares” (June 4). ... |
nottoobigtofail.org/2015/06/09/cfpb-ordered-phh-to-pay-a-109... | “No one wants to hear, “Uh, Mr. Johnson, there’s a Richard Cordray holding for you on line 2.” (Unless your name isn’t Johnson, ... |
nottoobigtofail.org/2015/06/09/why-did-the-community-banks-c... | “I read in Bank Director that since 1990, the share of consumer loans done by community banks has dropped from 79% to just 8%. C... |
nottoobigtofail.org/2015/06/09/what-few-will-appreciate-howe... | “What few will appreciate, however, is that only five of the 17 dots really matter.”, Benn Steil, The Wall Street Journal |
nottoobigtofail.org/2015/06/08/as-long-as-you-went-into-thes... | “It’s not immoral or unethical to default on your debts, file for personal bankruptcy, etc., as long as you went into these debt... |
nottoobigtofail.org/2015/06/08/everything-to-do-with-economi... | “Mr. Varoufakis agreed that in the Greece example, “the game has multiple equilibriums and, therefore, a failure to agree may tr... |
nottoobigtofail.org/2015/06/08/when-will-bond-markets-join-t... | “In bond markets, dealers participate in almost all trades when they provide liquidity to their clients. Much trade in these mar... |
nottoobigtofail.org/2015/06/08/new-housing-headwind-looms-as... | “The U.S. commits about $200 billion annually to housing, largely through tax breaks. Nearly three-quarters of that goes toward ... |
nottoobigtofail.org/2015/06/08/a-one-sided-un-american-hit-p... | “I think the NYT article below is one-sided, really a “hit-piece” about the U.S. Navy’s very best warriors: Seal Team 6. No huma... |
nottoobigtofail.org/2015/06/04/president-warren-declares/ | “Let’s have trials instead, and if a bank really is a criminal enterprise, break it up. And if not, regulators shouldn’t browbea... |
nottoobigtofail.org/2015/06/04/if-you-dont-support-free-and-... | “Ex-Im arranges taxpayer-backed financing to foreign businesses and governments that agree to buy selected U.S. products. This f... |
nottoobigtofail.org/2015/06/04/an-economically-stupid-and-un... | “Companies talk all the time about their commitment to their employees, but employees know which companies truly care about them... |
nottoobigtofail.org/2015/06/04/unintended-consequences-of-we... | “Research from the Fed finds total student loan debt was $1.2 trillion at the end of 2014, with an average balance of $26,700. M... |
nottoobigtofail.org/2015/06/03/lets-use-this-same-period-and... | “Okay, so Bernanke thinks the S&P 500 rising about 1.2% a quarter (4.9% a year) since the 2001 recession ended in November of th... |
nottoobigtofail.org/2015/06/03/packaging-loans-for-the-gover... | “A profit of $1,500 per mortgage, plus $7,195 in costs!!! American homeowners are paying (directly in fees or indirectly in a hi... |
nottoobigtofail.org/2015/06/03/crack-down-on-these-low-class... | “When is the SEC, the federal courts, and state bar associations going to crack down on these “low-class” law firms who make a l... |
nottoobigtofail.org/2015/06/03/wall-street-is-using-the-powe... | “But no single human being, and probably not even the combined effort of thousands of them, seems able to clarify where you can ... |
nottoobigtofail.org/2015/06/02/market-professionals-and-the-... | “If there is a market bubble today, it is in the bond market and the Fed is complicit in the “overvaluation.” Since July (2014),... |
nottoobigtofail.org/2015/06/02/nobody-seems-to-agree-on-what... | “The problem with the bubble question is nobody seems to agree on what exactly a bubble is…And no matter how hard people try to ... |
nottoobigtofail.org/2015/06/02/93-of-the-banks-housing-asset... | “Nobody has found an email from a (big bank) CEO saying, “Go ahead, roll the dice. If the worst happens, we’ve always got the Fe... |
nottoobigtofail.org/2015/06/02/chicago-doesnt-hire-moodys-to... | “Wasn’t threatening and/or retaliating against the rating agencies seen as a bad thing when the private sector was accused of th... |
nottoobigtofail.org/2015/06/01/resources-to-meet-an-unexpect... | “And something (from a Federal Reserve study of the non-elderly) that even startled me: 47 percent said that they would not have... |
nottoobigtofail.org/2015/06/01/the-left-views-the-fed-as-one... | “The left views the Fed as one more government agent of income redistribution. Stated Fed goals of maintaining the purchasing po... |
nottoobigtofail.org/2015/06/01/too-much-blind-trust-is-place... | “Moreover, too much blind trust is placed in the predictive power of long-range computer simulations, despite the weak forecasti... |
nottoobigtofail.org/2015/06/01/progressives-rushing-to-help-... | “Whether by minimum-wage boosts that make them more expensive to hire, licensing requirements that make it more difficult to get... |
nottoobigtofail.org/2015/06/01/the-federal-reserve-bank-of-r... | “The Federal Reserve Bank of Richmond has again done the public service of toting up all the implied and explicit government gua... |
nottoobigtofail.org/2015/05/27/those-politicians-and-governm... | “I am pro-immigration (its free trade and morally right given we are a Country of immigrants), but the ends (no matter how right... |
nottoobigtofail.org/2015/05/27/many-of-them-depend-on-earnin... | “Many states and cities have been doing to a lesser degree what Illinois did: promising pensions without calculating the costs c... |
nottoobigtofail.org/2015/05/27/a-liberal-speech-cop-targets-... | “The Nobel laureate (Krugman) must have been horrified in September 2010 when, as the value of the dollar was first plunging bel... |
nottoobigtofail.org/2015/05/27/currency-manipulation-left-un... | “Currency manipulation is the mother of all trade barriers,” said Stephen Biegun, a vice president of international government a... |
nottoobigtofail.org/2015/05/27/debate-over-currency-cheating... | “Critics of currency manipulation see a rare opportunity to elevate currency policy to the level of standard trade issues, like ... |
nottoobigtofail.org/2015/05/27/free-trade-deals-that-dont-ad... | “The economic impact of the deal (NAFTA) was immediately undercut by the collapse of the Mexican peso in 1994.”, William M. Dale... |
nottoobigtofail.org/2015/05/25/imagine-if-the-private-ranche... | “How can the National Park Service trap and contain animals and not have them get water?” asked Gary Giacomini, a former Marin C... |
nottoobigtofail.org/2015/05/14/i-think-nearly-all-of-these-s... | “We wanted to reinvent the small-business lending process, but we realized we didn’t have a credit background,” said Mr. Haber, ... |
nottoobigtofail.org/2015/05/14/why-chicagos-bonds-are-junk/ | “ (Chicago Teachers’) Union President Karen Lewis called the city’s proposal “reactionary and retaliatory” because the union bac... |
nottoobigtofail.org/2015/05/14/the-average-household-headed-... | “Let’s say you do eventually find work (Class of 2015). Then you will start paying taxes, mostly to subsidize government program... |
nottoobigtofail.org/2015/05/13/a-truth-is-not-hard-to-kill-a... | “For the history of our race, and each individual’s experience, are sown thick with evidences that a truth is not hard to kill, ... |
nottoobigtofail.org/2015/05/12/i-dont-see-how-we-can-act-uni... | “Pre-crisis (likely 2006 or 2007), I recall that I received a private mortgage insurance report (on home prices) like the one be... |
nottoobigtofail.org/2015/05/12/how-can-we-allow-all-u-s-taxp... | “The Federal Housing Finance Agency just released the results of the annual stress tests for Fannie Mae and Freddie Mac. Under t... |
nottoobigtofail.org/2015/05/12/the-federal-reserve-asset-bub... | “In the past 50 years, valuations of U.S. stock prices have been higher than they are now for less than 10% of the time, and sim... |
nottoobigtofail.org/2015/05/12/i-have-always-thought-the-cos... | “I agree with the NY Times Editorial Board…I have always thought the cost of title insurance was outrageously high, relative to ... |
nottoobigtofail.org/2015/05/12/big-bank-failure-wont-imperil... | “In some of his most definitive statements about the postcrisis landscape and the legacy of banks being “too big to fail,” (FDIC... |
nottoobigtofail.org/2015/05/12/the-sellerhome-builder-realto... | “Hand waving is required because there is nothing in the workings of markets that turns otherwise normal human beings into “Econ... |
nottoobigtofail.org/2015/05/12/abundant-money-goes-to-financ... | “Around the world, it’s the era of easy money, hard regulation and slow growth. Central banks have made dollars, euros and yen p... |
nottoobigtofail.org/2015/05/12/baltimore-and-what-we-know-ab... | “The (Baltimore) neighborhood was also designated a “homeownership zone” by the feds, who spent $30 million to saddle people wit... |
nottoobigtofail.org/2015/05/12/as-finance-becomes-more-innov... | “As finance becomes more innovative, money becomes less substantial. It would be nice if a few of Mr. Palmer’s intellectual pion... |
nottoobigtofail.org/2015/05/12/fifty-shades-of-red-a-modest-... | “America is no longer the land of the free…The laws setting out these crimes are often so complicated that only lawyers, working... |
nottoobigtofail.org/2015/05/12/this-is-your-brain-on-easy-cr... | “Though Wall Street and international financiers have been cast as the villains of the 2008 madness, they are minor actors in th... |
nottoobigtofail.org/2015/05/07/they-are-willing-to-accept-th... | “Argentina’s government and central bank causes massive monetary inflation (of the peso) and fixes the peso at artificially high... |
nottoobigtofail.org/2015/05/07/the-whole-concept-behind-the-... | “…today the world’s central bankers are in something like a state of panic. Money is, quite clearly, uncontrollable. This manife... |
nottoobigtofail.org/2015/05/07/it-isnt-a-free-and-fair-marke... | “But Greenlining advised the Fed on Tuesday that it supported the deal “after ongoing negotiations with City National Bank to en... |
nottoobigtofail.org/2015/05/07/this-enforcement-process-is-o... | “This Wall Street Journal article today about the SEC’s increased use of in-house judges makes me want to puke. This enforcement... |
nottoobigtofail.org/2015/04/29/fed-vice-chairman-fisher-esse... | “Some Fed officials also see considerable costs in tolerating more inflation. Stanley Fischer, the Fed’s vice chairman, said at ... |
nottoobigtofail.org/2015/04/27/every-other-form-of-real-esta... | “This recent mortgage newsletter excerpt on appraisers and related regulations is nuts. It’s all form-over-substance. Nothing ha... |
nottoobigtofail.org/2015/04/27/many-lenders-are-watching-thi... | “…the lawsuit (Quicken vs. the DOJ) gives voice to an increasingly popular sentiment among financial institutions: that the gove... |
nottoobigtofail.org/2015/04/24/the-climate-change-religion/ | “Instead of letting political ideology or climate “religion” guide government policy, we should focus on good science. The facts... |
nottoobigtofail.org/2015/04/22/most-of-these-folks-have-neve... | “As I understand it, some mainstream economists and others think former congressman, presidential candidate, and libertarian ico... |
nottoobigtofail.org/2015/04/22/none-of-this-would-have-occur... | “The problem is that, in the early stages, government economic planning and affirmative action lending look appealing. More home... |
nottoobigtofail.org/2015/04/22/manipulating-the-money-supply... | “Manipulating the money supply and interest rates rejects all the principles of the free market, and so it cannot be said that t... |
nottoobigtofail.org/2015/04/21/no-way-to-protect-savings-fro... | “In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe s... |
nottoobigtofail.org/2015/04/20/many-credit-unions-offer-temp... | “So how is Navy Federal pulling in hordes of young first-timers? By offering loans that address their needs — zero-down payments... |
nottoobigtofail.org/2015/04/20/mel-watts-taxpayer-guarantee/ | “The decision is a reminder of how little has changed in mortgage finance and at Fannie and Freddie despite their central role i... |
nottoobigtofail.org/2015/04/20/quicken-says-it-is-fed-up-bei... | “In the complaint, Quicken said that the Justice Department based its settlement demands on a sampling of 55 of 246,000 loans an... |
nottoobigtofail.org/2015/04/17/greece-has-its-own-long-term-... | “In the court of world opinion, a large majority seems to believe that even if the Greeks may have been a tad fiscally irrespons... |
nottoobigtofail.org/2015/04/17/will-the-real-ben-bernanke-pl... | “…there seem to be two Ben Bernankes out there, and, presumably, both would profess to tell the truth. The think-tank scholar (a... |
nottoobigtofail.org/2015/04/16/the-misunderstanding-of-el-er... | “El-Erian (former CEO of PIMCO Investments) is making a valuation call. Due to ongoing central bank interventions globally, asse... |
nottoobigtofail.org/2015/04/16/fannie-freddie-to-lower-fees-... | “The FHFA’s latest decision to lower fees for some (riskier) borrowers is “just starting to look like part of a larger trend, th... |
nottoobigtofail.org/2015/04/16/alinskys-tactics-are-effectiv... | “There will be a lot of pressure put on the next Republican president to employ Alinsky’s tactics on the opponents of conservati... |
nottoobigtofail.org/2015/04/16/the-feds-faulty-1937-excuse/ | “In a famous speech to the American Economic Association in January 2010, then Federal Reserve Chairman Ben Bernanke postulated ... |
nottoobigtofail.org/2015/04/15/crisis-era-allegations-that-s... | “A federal judge on Tuesday approved an unusual resolution to the case: The Securities and Exchange Commission and the former Fr... |
nottoobigtofail.org/2015/04/15/the-worlds-central-bankers-ar... | “I’m going to frame my bank statement, which shows that Bankinter is paying me interest on my mortgage,” said a customer who liv... |
nottoobigtofail.org/2015/04/14/investors-need-to-focus-on-lo... | “Investors need to focus on long-term strategies and long-term outcomes,” Mr. Fink said, suggesting we’re currently living in a ... |
nottoobigtofail.org/2015/04/14/strong-evidence-that-the-pre-... | “With the low-hanging fruit from the housing bust mostly picked, Wall Street-backed buyers of real estate are increasingly turni... |
nottoobigtofail.org/2015/04/14/industry-wide-loosening-of-mo... | “I believe you are right that government-mandated housing policies (forced upon Fan and Fred by HUD), caused a massive, industry... |
nottoobigtofail.org/2015/04/13/millions-of-people-in-develop... | “Millions of people in developed economies lack any sort of financial cushion. A 2012 survey by the Financial Industry Regulator... |
nottoobigtofail.org/2015/04/13/yet-none-of-them-provide-them... | “I think the primary reason that American homebuyers/borrowers aren’t more rational, is they pay the Realtor, mortgage lender, a... |
nottoobigtofail.org/2015/04/13/ge-also-wasted-no-time-saying... | “GE also wasted no time saying it wants to get out from under its designation as a “systemically important financial institution... |
nottoobigtofail.org/2015/04/13/the-folks-at-indymac-me-inclu... | “I can tell you for a fact, pre-crisis, the folks at IndyMac (me included) thought we were doing both good for U.S. homeowners/b... |
nottoobigtofail.org/2015/04/13/mike-perry-to-peter-j-walliso... | “Clearly, the SEC’s current securities fraud (disclosure) cases against the CEO’s and CFO’s of Fannie and Freddie, provide stron... |
nottoobigtofail.org/2015/04/13/teachers-and-administrators-w... | “I am FOR school testing standards and the accountability of teachers and administrators, but prosecuting them under RICO laws f... |
nottoobigtofail.org/2015/04/13/greece-has-never-been-a-self-... | “Greece has never been a self-sustaining country. The U.K. has a population of about 65 million and has about 500,000 civil serv... |
nottoobigtofail.org/2015/04/10/fannie-and-freddie-did-not-fu... | “Fannie and Freddie did not fully disclose their exposure to NTM (nontraditional mortgages) until after they had been taken over... |
nottoobigtofail.org/2015/04/10/human-behavior-in-asset-tradi... | “In contrast to the commodity-flow market, summarizing for asset markets in which the item can be resold, value can depend on bu... |
nottoobigtofail.org/2015/04/10/press-the-gses-to-do-more/ | “On June 24, 2004, seventy-six House Democrats, led by Nancy Pelosi (D-Calif.) and Barney Frank (D-Mass.), delivered the necessa... |
nottoobigtofail.org/2015/04/10/called-the-community-homebuye... | “Under direction of its chair, James Johnson, Fannie Mae had seen the political value of lending to low-income borrowers. In 199... |
nottoobigtofail.org/2015/04/10/a-moment-of-recognition-that-... | “In June 2008, just before the crisis fully gripped the nation, there would be a moment of recognition that HUD’s policies were ... |
nottoobigtofail.org/2015/04/10/it-will-not-add-more-federal-... | “Before the adoption of the Federal Housing Enterprises Financial Safety and Soundness Act (the GSE Act) in 1992 and the imposit... |
nottoobigtofail.org/2015/04/09/we-have-learned-nothing-and-a... | “Customers can utilize a Community Second Mortgage or a Down Payment Assistance Program with ditech. MyCommunityMortgage and Fan... |
nottoobigtofail.org/2015/04/08/six-months-before-the-fcics-r... | “It is telling that Congress adopted the (Dodd-Frank) act in July 2010, six months BEFORE the FCIC’s report was issued, a clear ... |
nottoobigtofail.org/2015/04/08/in-other-words-they-are-anti-... | “I really appreciate the idea that you would consider other views. (I don’t see a lot of liberal/progressives who will even read... |
nottoobigtofail.org/2015/04/08/their-effective-annual-rates-... | “Traffic-court fines layered with escalating fees and penalties have led to driver’s license suspensions for 4.2 million Califor... |
nottoobigtofail.org/2015/04/07/the-issue-i-want-to-address-w... | “I am a former CPA and auditor by training (and a former CFO). I have spent a lot of time since the financial crisis trying to u... |
nottoobigtofail.org/2015/04/07/the-mainstream-medias-wrongbi... | “’The problem of confirmation bias – the tendency of people to be trapped by pre-existing assumptions and to select facts that s... |
nottoobigtofail.org/2015/04/07/scooter-libby-did-not-out-cia... | “According to the standard anti-Bush account, when Mr. Libby became enmeshed in a federal investigation, he lied to conceal his ... |
nottoobigtofail.org/2015/04/06/the-only-way-to-reduce-taxpay... | “I disagree with Mr. Isaac’s WSJ OpEd below. It makes no difference to U.S. taxpayers whether Fannie and Freddie hold capital in... |
nottoobigtofail.org/2015/03/26/it-took-the-painful-experienc... | “We reached a resting point and my friend stopped me and demanded to know what I was doing: “Carl, that was irresponsible. You s... |
nottoobigtofail.org/2015/03/26/finally-someone-honest-says-i... | “Finally, someone honest says it’s not the banker’s fault!!! Rapper Slim Thug says it was his own personal decisions regarding S... |
nottoobigtofail.org/2015/03/26/as-it-becomes-too-expensive-t... | “Mayor Ed Lee Faces Fire Over Who Benefits As S.F. Booms” is an article on the front page of LA Times today. I read it because w... |
nottoobigtofail.org/2015/03/25/never-having-to-say-youre-sor... | Every year the GAO goes through this exercise and observes that “the federal government is unable to determine the full extent t... |
nottoobigtofail.org/2015/03/25/krugman-has-a-big-logic-flaw-... | “Have you noticed that Krugman has a big logic flaw in his macroeconomic/political opinions? He regularly derides free market ca... |
nottoobigtofail.org/2015/03/25/this-va-program-is-only-viabl... | “NewDayUSA is aggressively advertising a VA (government insured) mortgage program that it says allows veterans to borrow up to 1... |
nottoobigtofail.org/2015/03/25/hat-the-government-did-to-our... | “What the government did to our little group in Wetumpka, Alabama is un-American. This isn’t a matter of firing or arresting a f... |
nottoobigtofail.org/2015/03/24/thank-you-lyle-and-rest-in-pe... | “In his final appearance before an MBA audience, at the MBA 97th Annual Convention & Expo in Atlanta in 2010, Mr. Gramley, with ... |
nottoobigtofail.org/2015/03/23/its-high-time-to-audit-the-fe... | “The audit’s (an independent audit of The Federal Reserve’s monetary policies) goal is more fundamental: to assure that the chec... |
nottoobigtofail.org/2015/03/19/thats-why-i-established-this-... | “These days, Mr. Cohen (Sullivan & Cromwell Senior Chairman H. Rodgin Cohen) says the strained relations between government regu... |
nottoobigtofail.org/2015/03/18/time-and-again-the-federal-re... | “Years of low-interest-rate policies from the Fed have encouraged companies in these fast-growing economies to borrow dollars be... |
nottoobigtofail.org/2015/03/18/its-similar-to-what-happened-... | “You do deals when there is demand,” said Christopher R. Donat, an analyst with the investment bank Sandler O’Neill. “And this d... |
nottoobigtofail.org/2015/03/17/i-have-yet-to-find-a-good-exp... | “I have yet to find a good explanation as to why major banks around the world all failed about the same time; especially those t... |
nottoobigtofail.org/2015/03/17/skills-in-flux/ | “Leslie notes that the Los Angeles school system tabulated the performance of roughly 6,000 teachers, using measures of student ... |
nottoobigtofail.org/2015/03/12/when-liberals-blew-it/ | “But the scathing commentary led President Lyndon Johnson to distance himself from the Moynihan (later a U.S. Senator from New Y... |
nottoobigtofail.org/2015/03/11/the-2008-financial-crisis-was... | “The 2008 financial crisis wasn’t just a problem with U.S. mortgages (and home prices). It was a problem with all types of consu... |
nottoobigtofail.org/2015/03/11/ending-federal-loan-fraud/ | “A great place to start is the (improper) accounting for federal lending programs which deliberately understates their risks. Re... |
nottoobigtofail.org/2015/03/10/improving-the-gops-free-marke... | “Over the past 25 years, a billion people have escaped poverty as their countries moved away from command and control, toward ca... |
nottoobigtofail.org/2015/03/10/this-blog-is-dedicated-to-rev... | “The lesson of Darren Wilson is that there is no truth in narrative. And the lesson of Ferguson is that there is no truth in sta... |
nottoobigtofail.org/2015/03/09/and-yet-post-crisis-the-priva... | “FHA assumed 4.2% annual, nationwide home price appreciation (HPA) in its reverse mortgage (HECM) lending model since the produc... |
nottoobigtofail.org/2015/03/09/does-it-really-make-sense-for... | “As always, government bank regulators’ capital and liquidity rules heavily influence bank investment decisions. Pre-crisis, ver... |
nottoobigtofail.org/2015/03/09/s-e-c-should-demand-that-all-... | “Goldman has used dividends and share buybacks to appeal to investors at a time when other elements of the bank’s business have ... |
nottoobigtofail.org/2015/03/09/the-bank-that-wont-buckle/ | “The Obama Administration has had a high old time forcing big banks into big-dollar settlements without ever going to trial. So ... |
nottoobigtofail.org/2015/03/09/he-provides-zero-examples-of-... | “The fourth lesson is that fraud and near fraud can become so prevalent that they can have macroeconomic effects. “Fraud” is a l... |
nottoobigtofail.org/2015/03/08/the-economic-miracle-of-indiv... | “Had I been a government planner in the 1970s or early 1980s – a planner with the finest training, the highest integrity, and a ... |
nottoobigtofail.org/2015/03/08/for-gender-equality-you-cant-... | “If we restrict our vision to the poorest countries, the same pattern emerges. Comparing the Fraser and U.N. data sets, we find ... |
nottoobigtofail.org/2015/03/06/record-profits-are-only-occur... | “Bank of America and Citigroup, each with more than $1.8 trillion in assets, haven’t topped a 7 percent return on equity since t... |
nottoobigtofail.org/2015/03/05/if-anyone-was-negligent-it-wa... | “In fairness, the (Federal Reserve) officials involved were making fast-paced decisions with incomplete information. They were c... |
nottoobigtofail.org/2015/03/04/the-fdic-as-a-conservator-nee... | “And refusing to rush into a fire sale of OneMain worked. The $4.25 billion cash price tag to which Springleaf Holdings has agre... |
nottoobigtofail.org/2015/03/04/its-financially-dumb-and-also... | “Many of those borrowing from the private equity shops have sprung into existence in just the last few years. Many investors sme... |
nottoobigtofail.org/2015/03/04/marks-howard-marks-co-chairma... | “Marks (Howard Marks co-chairman of Oaktree Capital Management) said that we are not in a free market environment…he does not be... |
nottoobigtofail.org/2015/03/04/it-is-very-valuable-to-foreca... | “Luck is very important according to Marks (Howard Marks, co-Chairman of Oaktree Capital Management)…..Forecasters have been ver... |
nottoobigtofail.org/2015/03/03/fire-sell-nonperforming-mortg... | “It’s dumb for Fannie, Freddie, FHA, VA, the FDIC, or any regulated bank who is (or has access to) an experienced and scale mort... |
nottoobigtofail.org/2015/03/02/in-greenbacks-we-trust/ | “Before the 2008 crisis, I believed, without thinking too much about it, that there was something solid at the core of our finan... |
nottoobigtofail.org/2015/03/02/why-then-does-the-press-make-... | “The table below shows clearly that the market doesn’t respect (is materially lower than) the Fed policy makers’ own projections... |
nottoobigtofail.org/2015/03/02/the-fdic-contributed-to-this-... | “Regulators envision that the regulatory capital for the most important U.S. banks will max out at 8% to 11.5% of risk-weighted ... |
nottoobigtofail.org/2015/03/02/we-are-heading-towards-the-li... | “I get pretty fired up about this new thing with the government,” said Ms. Freedom, 45, sitting outside her studio, Samadhi Cent... |
nottoobigtofail.org/2015/03/01/yes-lets-once-again-advise-am... | “Yes, let’s once again advise American’s (who already have a mortgage) to take out a second mortgage on their rising home equity... |
nottoobigtofail.org/2015/03/01/californias-public-unions-hav... | “The big problem in California in general and Los Angeles in particular is the rising cost of government employment. According t... |
nottoobigtofail.org/2015/03/01/the-search-for-a-monetary-pol... | “In all three major advanced economies (U.S., Eurozone, and Japan) there should be a clear-eyed view of the moral hazard created... |
nottoobigtofail.org/2015/03/01/the-royal-bank-of-scotland-is... | “With a seventh consecutive year of losses and post-bailout, 80% ownership by the British government, The Royal Bank of Scotland... |
nottoobigtofail.org/2015/02/26/no-child-left-behind-and-test... | “”Now is not the time to make a U-turn in holding states and school districts accountable for providing a quality education to a... |
nottoobigtofail.org/2015/02/26/capitol-hill-pickpockets/ | “In my opinion, a financial crisis is not only a likely consequence of implicit (government) subsidies for risky lending but a n... |
nottoobigtofail.org/2015/02/24/the-real-issue-that-the-blame... | “Add debt to the mix, however, and you turbocharge the returns. Thanks to leverage, the net assets of the middle 60 percent of (... |
nottoobigtofail.org/2015/02/23/socialism-always-leads-to-the... | “As Nobel Economic Laureate F.A. Hayek said in The Road to Serfdom: socialism always leads to “the end of the truth”, totalitari... |
nottoobigtofail.org/2015/02/23/a-real-american-doesnt-just-a... | “FOR two generations, Americans ate fewer eggs and other animal products because (government) policy makers told them that fat a... |
nottoobigtofail.org/2015/02/20/the-federal-reserves-long-sta... | “The Federal Reserve has come to view inflation expectations as playing an important role in what happens to prices.”, Justin La... |
nottoobigtofail.org/2015/02/20/the-mortgage-industry-has-eff... | “This has happened because the mortgage industry has effectively been nationalized (80+% of mortgages flow through a handful of ... |
nottoobigtofail.org/2015/02/20/personal-hardships-clearly-we... | “Another cause of delays was requirements that homeowners prove the factors causing their hardships — deaths, job losses, divorc... |
nottoobigtofail.org/2015/02/20/increasingly-schools-are-bein... | “Increasingly, schools are being required (by the federal government) to institutionalize prevention, to control the risk of har... |
nottoobigtofail.org/2015/02/19/maybe-many-average-americans-... | “A Pew survey finds the typical middle class family could only replace 21 days of income with readily accessible funds. What is ... |
nottoobigtofail.org/2015/02/19/as-if-they-were-not-living-in... | “It’s good while the party lasts, but it’s exposing exactly the kinds of people to a negative economic shock that you don’t want... |
nottoobigtofail.org/2015/02/19/lets-put-the-students-and-the... | “Second, students and parents deserve a right-to-know law. Imagine if families could evaluate a college, not based on luxurious ... |
nottoobigtofail.org/2015/02/17/just-about-everyone-was-foole... | “Again, I do not believe that alleged (and so far unproven) fraudulent or otherwise deficient securities disclosures were a caus... |
nottoobigtofail.org/2015/02/17/an-honest-reporter-and-his-an... | “America is hungry for authenticity and honesty and fiercely resents its absence from places where it should be. A longtime read... |
nottoobigtofail.org/2015/02/17/i-have-long-called-on-the-fdi... | “The government has also fought every discovery request made by the Fannie and Freddie shareholder. Officials at the Treasury an... |
nottoobigtofail.org/2015/02/17/regulation-is-good-for-goldma... | “More intense regulatory and technology requirements have raised the barriers to entry higher than at any other time in modern h... |
nottoobigtofail.org/2015/02/17/the-tesla-paradox/ | “Capitalism needs visionaries, but its reputation suffers when companies (like Tesla) worth billions soak middle-class taxpayers... |
nottoobigtofail.org/2015/02/17/with-liberals-like-krugman-it... | “Which brings us to the confrontation between Greece and its creditors. You can argue that Greece brought its problems on itself... |
nottoobigtofail.org/2015/02/11/how-could-it-be-safe-and-soun... | “Today, just five banks, all Too Big to Fail, control 83.2% of the U.S. mortgage market and about 90% of U.S. mortgages are insu... |
nottoobigtofail.org/2015/02/11/the-epitome-of-crony-capitali... | “It’s not too often that I agree with the head of the AFL-CIO and former FDIC Chair Bair, but I do here. The Too Big to Fail Ban... |
nottoobigtofail.org/2015/02/11/obamas-student-loan-bargain/ | “Buried in the White House budget is a $21.8 billion writedown on the government’s student loan portfolio that no one seems to w... |
nottoobigtofail.org/2015/02/10/this-is-called-failing-upward... | “Housing prices were sliding, subprime mortgage lenders were declaring bankruptcy, and financial markets were going haywire — an... |
nottoobigtofail.org/2015/02/09/have-we-learned-nothing-from-... | “Yes, let’s once again advise American’s (who already have a mortgage) to take out a second mortgage on their rising home equity... |
nottoobigtofail.org/2015/02/09/honest-assessment-of-californ... | “California is a leader in technology, home to the most innovative companies and a remarkable array of talent and great universi... |
nottoobigtofail.org/2015/02/09/the-dangerous-lie-that-bush-l... | “Our WMD commission ultimately determined that the intelligence community was “dead wrong” about Saddam’s weapons. But as I reca... |
nottoobigtofail.org/2015/02/09/the-sp-settlement-shuts-down-... | “The case always looked fishy. Justice sued in 2013, though the facts about S&P ratings on mortgage-backed securities issued fro... |
nottoobigtofail.org/2015/02/06/afghanistan-war-hero-stripped... | “The investigation, apparently, had nothing to do with the acts of bravery that earned Golsteyn his medal. Instead, according to... |
nottoobigtofail.org/2015/02/05/the-fed-assures-us-that-we-sh... | “This quantitative easing keeps long-term interest rates lower and allows the federal government to “pay interest to itself” on ... |
nottoobigtofail.org/2015/02/05/islamic-state-proves-the-late... | “It was on such executioners that Chris Kyle trained his sights. Messrs. Maher and Moore may want to hold up the Iraq war as evi... |
nottoobigtofail.org/2015/02/04/part-three-key-excerpts-from-... | “I hope next year we’ll have abolished Fannie and Freddie…it was a great mistake to push lower-income people into housing they c... |
nottoobigtofail.org/2015/02/04/key-excerpts-from-the-introdu... | “…although the private securitization system challenged Fannie and Freddie during these years, the NTMs (nontraditional mortgage... |
nottoobigtofail.org/2015/02/03/were-victims-of-the-same-misa... | “Unfortunately, some of the largest financial institutions were victims of the same misapprehensions as regulators and academics... |
nottoobigtofail.org/2015/02/03/have-we-learned-from-past-mor... | “Expecting Mel Watt and the federal government to responsibly manage government finance for Fannie and Freddie housing is the ma... |
nottoobigtofail.org/2015/02/02/a-federally-insured-bank-depo... | “A federally-insured bank deposit account is just about the most commodity-like product I can think of. It can’t be seen, heard,... |
nottoobigtofail.org/2015/02/02/regardless-of-what-many-polit... | “Recently, the new President of our local Mortgage Bankers Association and I went to meet with our Congressman. As part of the p... |
nottoobigtofail.org/2015/02/02/tends-to-created-a-mismatch-o... | “The odds of winning the New York Lotto jackpot are, of course, worse (one in 22 million on a $1 play), but the housing lotterie... |
nottoobigtofail.org/2015/02/02/on-mortgages-they-did-not-und... | “A mortgage product would not exist or at least for very long if there was no consumer demand for it. Now consumers should be sm... |
nottoobigtofail.org/2015/02/02/challenging-what-we-know-abou... | “If these findings hold up to scrutiny by other scholars, they alter our picture of the housing bubble. Specifically, they quest... |
nottoobigtofail.org/2015/02/02/do-not-reflect-the-viewpoints... | “Every subgroup of practicing lawyers examined by the study was more liberal than the general population. Public defenders and g... |
nottoobigtofail.org/2015/02/02/our-government-legal-systems-... | “…the three (9th Circuit) judges expressed frustration and anger that California state judges were not cracking down on prosecut... |
nottoobigtofail.org/2015/01/31/harvard-law-pushes-back/ | “Most institutions yield to OCR’s pressure (losing federal funds from the Education Department) without significant dissent. But... |
nottoobigtofail.org/2015/01/30/fed-does-help-treasury-make-m... | “…the Fed’s actions have resulted in savings to Treasury on all of its debt issuance. Those savings have come at a significant c... |
nottoobigtofail.org/2015/01/30/learned-the-very-painful-less... | “Now, you would think some of these parties (especially the government and mortgage lenders) would have…learned the very painful... |
nottoobigtofail.org/2015/01/29/fannie-mae-freddie-mac-regula... | “But Watt (Melvin L. Watt, director of the Federal Housing Finance Agency), a former longtime House Democrat, said the agency ha... |
nottoobigtofail.org/2015/01/29/hidden-in-plain-sight-what-re... | “In these pages I argue that, but for the housing policies of the U.S. Government during the Clinton and George W. Bush administ... |
nottoobigtofail.org/2015/01/28/in-large-part-a-consequence-o... | “Academic economists generally agree that the mortgage meltdown during the recent financial crisis was in large part a consequen... |
nottoobigtofail.org/2015/01/28/continue-to-use-these-ratings... | “Standard & Poor’s, the credit rating agency blamed for helping inflate the subprime mortgage bubble, has settled accusations th... |
nottoobigtofail.org/2015/01/26/that-delusion-was-laid-bare-i... | “Krugman’s right that the Troica (European Commission, European Central Bank, and IMF) used wildly optimistic and unrealistic as... |
nottoobigtofail.org/2015/01/26/the-well-intended-federal-gov... | “Low-down-payment mortgages have long been available. The Federal Housing Administration insures mortgages with down payments as... |
nottoobigtofail.org/2015/01/26/obama-and-the-refusal-to-call... | “There is something nearly Orwellian in this refusal to call things by their names. If we say that the terrorists are not radica... |
nottoobigtofail.org/2015/01/21/reining-in-the-increasingly-a... | “It isn’t often that we praise Eric Holder , but the Attorney General deserves it for reining in the increasingly abusive practi... |
nottoobigtofail.org/2015/01/21/you-cant-galvanize-the-u-s-an... | “If the Obama administration was a publicly-traded company, the S.E.C. would charge them with securities disclosure fraud for th... |
nottoobigtofail.org/2015/01/21/climate-reportings-hot-mess/ | “When climate reporters robotically insist, as they did again this week, that the 2000s represent the hottest period in the rath... |
nottoobigtofail.org/2015/01/20/its-our-own-well-intended-fed... | “Amira Nader graduated from Columbia University in 2010 with a master’s degree in acting and nearly $190,000 in debt. She now wo... |
nottoobigtofail.org/2015/01/20/s-e-c-reversal-may-clear-way-... | “Check out Gretchen’s NY Times article today. The S.E.C.’s own lawyers/experts can’t properly interpret their own regulations!!!... |
nottoobigtofail.org/2015/01/20/a-champion-of-law-informed-by... | “Every American’s basic civil liberties are critically endangered by this hysterical, politically inspired drive to demean our f... |
nottoobigtofail.org/2015/01/19/there-is-something-grotesque-... | “There is something grotesque about public workers fighting for benefits whose provision will hurt the public. Citizens who vote... |
nottoobigtofail.org/2015/01/19/it-is-important-to-maintain-t... | “The data scientists focus on finding reliable correlations in the data rather than trying to determine why, for instance, prope... |
nottoobigtofail.org/2015/01/15/welcome-to-the-kafkaesque-wor... | “Well, at least you can sue for defamation the two lawyers and the woman who made the false charges. No, you can’t, your lawyer ... |
nottoobigtofail.org/2015/01/15/minor-compared-to-the-systemi... | “This company has been a fortress company. It has delivered to clients and its diversification is the reason why it’s had less v... |
nottoobigtofail.org/2015/01/13/s-p-nears-settlement-with-jus... | “In case after case, negotiations followed a familiar script: The government demanded an eye-popping penalty, and the Wall Stree... |
nottoobigtofail.org/2015/01/13/participating-in-financial-li... | “Paradoxically, the opposite may be true. Participating in (financial literacy) programs can increase risky behavior as people g... |
nottoobigtofail.org/2015/01/13/a-citi-divided-could-stand-ta... | “For six years, the market has said Citi is worth more dead, or broken up, than alive. If management can’t forcefully rebut that... |
nottoobigtofail.org/2015/01/13/bonds-tied-to-the-riskiest-ho... | “After contributing to the collapse of Lehman Brothers Holdings Inc., bonds tied to the riskiest home loans have returned 75 per... |
nottoobigtofail.org/2015/01/12/protect-that-freedom-when-oth... | “In a word, the University’s fundamental commitment is to the principle that debate or deliberation may not be suppressed becaus... |
nottoobigtofail.org/2015/01/12/how-to-stop-currency-manipula... | “There’s nothing wrong with that, until these exporters start buying dollars to raise the value of the dollar relative to their ... |
nottoobigtofail.org/2015/01/12/as-his-1991-murder-conviction... | “One of those self-taught jailhouse lawyers, Derrick Hamilton, stood in State Supreme Court in Brooklyn on Friday as his 1991 mu... |
nottoobigtofail.org/2015/01/06/only-a-private-housing-financ... | “To meet the ever-increasing goals (government affordable housing), Fannie and Freddie had to reduce their underwriting standard... |
nottoobigtofail.org/2015/01/06/mortgage-lenders-have-to-be-c... | ”Mortgage lenders have to be crazy or desperate (or both) to continue to originate FHA and VA loans, where they now subject them... |
nottoobigtofail.org/2015/01/06/even-a-broken-clock-is-right-... | “Some of the worst-performing funds in 2014 were ones managed by John A. Paulson, who rose to fame by making billions of dollars... |
nottoobigtofail.org/2015/01/06/of-course-too-big-to-fail-ban... | “Bill Gates was unfortunately wrong. Of course Too Big To Fail Banks can survive the digital age, but only because government gu... |
nottoobigtofail.org/2015/01/06/for-bond-investors-ignoring-e... | “On paper it made sense (the experts’ advice to beware of bonds the past three or four years). In portfolios, not so much. In fa... |
nottoobigtofail.org/2015/01/06/the-depression-that-was-fixed... | “In the absence of anything resembling government stimulus, a modern economist may wonder how the depression of 1920-21 ever end... |
nottoobigtofail.org/2015/01/06/are-shareholders-obsolete/ | “No law or logic says managers and shareholders won’t err in their pursuit of shareholder wealth – in fact, they certainly will:... |
nottoobigtofail.org/2015/01/04/prudent-lending-may-need-bank... | “Another major impediment to reform is that many in Congress are passionate about prudent lending only when house prices go down... |
nottoobigtofail.org/2015/01/04/top-10-reasons-to-abolish-the... | “Had the corporate income tax, meant as a temporary measure, been repealed when the 16th Amendment was ratified in 1913 and a pe... |
nottoobigtofail.org/2014/12/31/i-still-dont-see-what-purpose... | “Twenty years later, I still don’t see what purpose a Criminal Grand Jury serves. We might as well have been a Jury for one of S... |
nottoobigtofail.org/2014/12/31/whether-or-not-wed-recommend-... | “Regarding your piece on whether or not we’d recommend a young person to get into the mortgage business: I have a long time busi... |
nottoobigtofail.org/2014/12/30/you-can-argue-that-my-success... | “The ROEs got so convoluted and fucked-up because the politicians were interfering in the process. The rules are drawn up by law... |
nottoobigtofail.org/2014/12/30/britains-payment-is-coming/ | “…prompted by record low interest rates, the British government is planning to (refinance) some of the debts it racked up over h... |
nottoobigtofail.org/2014/12/30/china-trade-should-be-free-ma... | “The U.S. has a large trade deficit of billions of dollars per week with China because they undervalue their currency. The under... |
nottoobigtofail.org/2014/12/21/government-fuels-next-housing... | “This is the hazardous cycle that led to the financial crisis. So why are we repeating it? Because the administration, with help... |
nottoobigtofail.org/2014/12/21/lawyers-create-big-paydays-by... | “One night last week at the restaurant Rosa Mexicano in Washington, as margaritas flowed and trays of shrimp and chicken skewers... |
nottoobigtofail.org/2014/12/17/the-cia-interrogations-follow... | “Was all this dry and abstruse (legal) stuff known to Sen. Feinstein at the time that she presented the CIA report and wrote the... |
nottoobigtofail.org/2014/12/16/lets-get-back-to-the-facts-an... | “Without bipartisanship and testimony, the report’s claims cannot be trusted. CIA directors from both parties…have rejected many... |
nottoobigtofail.org/2014/12/15/these-young-people-are-making... | “The bigger point is that there are no young people coming into this (the mortgage) business…We used to get massive requests for... |
nottoobigtofail.org/2014/12/15/negativity-in-regards-to-a-ho... | “Each year, our survey has asked: “On average over the next 10 years, how much do you expect the value of your property to chang... |
nottoobigtofail.org/2014/12/15/get-well-intended-government-... | “The solution to Stockholm’s housing shortage is obvious; get well-intended government (mostly) out of the housing business. If ... |
nottoobigtofail.org/2014/12/12/the-wrong-way-for-home-buyers... | “It’s a good thing for the author of this WSJ article that the Consumer Financial Protection Bureau doesn’t have jurisdiction ov... |
nottoobigtofail.org/2014/12/12/are-we-reaching-our-own-level... | “When people stopped trusting any institutions or having any values, they could easily be spun into a conspiratorial vision of t... |
nottoobigtofail.org/2014/12/12/jeb-hensarling-is-right-and-m... | “I think its un-American: anti-free markets and fair competition, if you are in business and you lobby the government for any ot... |
nottoobigtofail.org/2014/12/12/fannie-freddie-to-begin-payme... | “It is beyond irresponsible to restart these affordable-housing allocations without first dealing with the underlying problems a... |
nottoobigtofail.org/2014/12/12/an-insider-trading-watershed/ | “While the bureaucrats at the Justice Department and the Securities and Exchange Commission do not like this articulation of the... |
nottoobigtofail.org/2014/12/12/above-all-we-must-protect-the... | “I think about my father. He had a fifth-grade education. A great believer in our country. He wouldn’t recognize it today. The l... |
nottoobigtofail.org/2014/12/11/warren-buffetts-brand-new-adv... | “While Buffett notes he “knew nothing about operating a farm,” he enlisted the help of a son — who was an avid farmer himself – ... |
nottoobigtofail.org/2014/12/11/fannie-freddie-and-fhfa-detai... | “Some studies have shown that moving from a 5% down payment to a 3% down payment doesn’t result in many more defaults. About 0.4... |
nottoobigtofail.org/2014/12/11/no-evidence-none/ | “A unanimous three-judge panel (of the 2nd U.S. Circuit Court of Appeals) concluded that Mr. Bharara (U.S. Attorney) never prese... |
nottoobigtofail.org/2014/12/11/senate-democrats-and-911-amne... | “That is a fair operational and analytical question (effectiveness in intelligence gathering) for the report by the Senate Intel... |
nottoobigtofail.org/2014/12/10/the-u-s-is-auctioning-off-sei... | “I am surprised that the U.S. is auctioning off seized Bitcoins for tens of millions of dollars. Don’t these government auctions... |
nottoobigtofail.org/2014/12/10/shareholder-value-is-hurting-... | “It’s pretty simple, there is too much “short-termism” and financial gimmicks (lack of investing for the future, excessive lever... |
nottoobigtofail.org/2014/12/09/can-a-debt-crisis-be-cured-wi... | “With each of my…caveats coming up short in an answer to my earlier question: “Can a debt crisis be cured with more debt?” it is... |
nottoobigtofail.org/2014/12/09/i-dont-see-how-anyone-can-obj... | “Apollo, which bought Banco Santander SA ’s real-estate service in January, will manage the disposal and sale of 44,089 properti... |
nottoobigtofail.org/2014/12/09/whether-their-deposit-amounts... | “Overall, about $4 trillion in deposits at banks in the U.S. were uninsured, covering more than 3.5 million accounts, according ... |
nottoobigtofail.org/2014/12/09/the-hunt-for-yield-is-still-v... | “But monetary policy played a role in the search for yield and why investors were buying a lot of these bad mortgage-backed secu... |
nottoobigtofail.org/2014/12/09/the-primary-purpose-of-moneta... | “This is what I’ve called the risk of the new mediocre: a combination of low growth and low inflation, which is bad news for cou... |
nottoobigtofail.org/2014/12/09/obamas-influence-peddling-eco... | “Making the right campaign contributions are becoming as important to a company as its research and development budget, and fede... |
nottoobigtofail.org/2014/12/04/its-bad-for-some-americans-an... | “It’s bad for some Americans and our economy, that our Federal financial regulators have effectively barred banks (and others) f... |
nottoobigtofail.org/2014/12/04/the-high-costs-of-the-feds-wa... | “This is the legacy of the Federal Reserve. This is the legacy of Ben Bernanke, who was rewarded by President Obama with a secon... |
nottoobigtofail.org/2014/12/04/british-regulator-urges-home-... | “California Governor Jerry Brown recently advocated 3/4ths of a UC education (three years instead of four), as one idea to reduc... |
nottoobigtofail.org/2014/12/04/what-constitutes-cruel-and-un... | “We live in a nation that incarcerates a larger percentage of its population than any other industrialized nation on Earth. We h... |
nottoobigtofail.org/2014/12/03/central-bank-policies-to-prom... | “Such policies (central bank policies to promote monetary inflation) are not cost-free. They encourage risk taking among investo... |
nottoobigtofail.org/2014/12/03/making-false-claims-of-securi... | “Public pensions are addicted to risk and, because they are effectively “too big to fail,” require an intervention….Calpers, the... |
nottoobigtofail.org/2014/12/03/a-monetary-gadfly-in-an-age-o... | “…Gresham’s law, holds that bad money drives out good. Mr. von NotHaus has instilled in the government the contrary fear – that ... |
nottoobigtofail.org/2014/12/02/the-governments-housing-and-m... | “The New York Times Editorial Board’s, “Homeownership and Wealth Creation” got it half right. Homeownership (with a mortgage) ca... |
nottoobigtofail.org/2014/12/02/dodgy-home-appraisals-is-nons... | “If one in seven appraisals are currently inflating home values by 20% or more, why aren’t Fannie, Freddie, FHA, and VA stepping... |
nottoobigtofail.org/2014/12/02/a-new-network-of-interests/ | “When economic activity was organized according to the principles of property, contract, and liability, a society could tolerate... |
nottoobigtofail.org/2014/12/02/why-does-the-government-have-... | “Why does the government have such a pathetic record at guaranteeing other people’s debts? It isn’t that Washington wasn’t warne... |
nottoobigtofail.org/2014/12/02/the-fed-needs-more-than-an-au... | “There are serious potential conflicts of interest…the central bank used its authority under the Federal Reserve Act to provide ... |
nottoobigtofail.org/2014/12/02/force-the-big-banks-to-take-o... | “Bank holdings of Treasurys rose by $71 billion in the third quarter, to $345 billion, according to last week’s quarterly bankin... |
nottoobigtofail.org/2014/12/02/these-lawyers-at-the-sec-dont... | “Last time I went to the SEC’s website, I could still find the 2011 press release the SEC issued when they sued me (and another ... |
nottoobigtofail.org/2014/12/02/activist-paulina-gonzalez-put... | “Lessons learned: Research corporate directors carefully, looking for ways to exert pressure. Make banks go public with their pl... |
nottoobigtofail.org/2014/12/01/they-all-took-the-risk-with-o... | “I think a majority…a big majority are either people who pulled all or most of the equity out like the Coronels, put little to n... |
nottoobigtofail.org/2014/12/01/the-coronels-and-their-home-a... | “With help from advocates for low-income areas, the couple (the Coronels, also see blog Statements #504 and #505) were able to q... |
nottoobigtofail.org/2014/11/26/it-looks-like-the-coronels-ha... | “I’m no detective, but it looks like they (the Coronels) had themselves a really generous ATM machine…This is so typical, it’s t... |
nottoobigtofail.org/2014/11/25/do-scott-reckard-and-the-la-t... | “Do Scott Reckard and the L.A. Times have a real mortgage victim here? The Coronel’s started with a $6,329 first trust deed mort... |
nottoobigtofail.org/2014/11/24/public-words-and-deeds-of-the... | “Some have wondered how consumers, bankers, and MBS investors around the developed world could rationally think pre-crisis home ... |
nottoobigtofail.org/2014/11/24/this-unfunded-liability-is-ov... | “As of 2013, $198 billion in unfunded liabilities for California’s 130 public pensions, up from just $6.3 billion only 10 years ... |
nottoobigtofail.org/2014/11/21/the-federal-governments-ban-o... | “It’s ridiculous that retirees (and others) with enough liquid assets to pay off their mortgage in full and with low Loan-to-Val... |
nottoobigtofail.org/2014/11/21/the-truth-about-the-root-caus... | “The economic crisis of 2008-09 was similar to the crisis that triggered the Great Depression. This time, foreign monetary autho... |
nottoobigtofail.org/2014/11/21/what-the-inequality-warriors-... | “A critique of rent-seeking and political cronyism is well taken, and echoes from the left to libertarians. But if abuse of gove... |
nottoobigtofail.org/2014/11/21/the-big-business-of-small-wag... | “But for reasons that economists and policy makers are struggling to understand, wages have continued growing by only about 2% a... |
nottoobigtofail.org/2014/11/21/now-federal-job-killers-are-c... | “With 10 million fewer Americans working full-time today than six years ago, it is not in the nation’s economic interest for Was... |
nottoobigtofail.org/2014/11/21/this-350-billion-was-essentia... | “My company estimates that the $58 billion in annual interest income lost by seniors over the past six years would have boosted ... |
nottoobigtofail.org/2014/11/20/fha-would-have-guaranteed-man... | “Lenders quickly tightened their standards beginning in 2007, sending much more of business to the agency, and the FHA has shoul... |
nottoobigtofail.org/2014/11/20/its-our-national-housingmortg... | “As a reminder, only 25% of a VA (mortgage) loan is federally guaranteed which reportedly limits some lender participation. To t... |
nottoobigtofail.org/2014/11/20/heres-my-2-cents-on-raising-l... | “Here’s my 2 cents on raising LTVs. I can’t stand the fact that we are even debating this idea. My issue is that if you lower th... |
nottoobigtofail.org/2014/11/20/the-old-saying-about-skin-in-... | “The old saying about skin in the game is all too true. With the four components of a loan being income, credit, property, and f... |
nottoobigtofail.org/2014/11/19/homes-have-become-a-luxury-it... | “The report also tracked affordability by area code within L.A. County. They found that in the 626 – Pasadena and the San Gabrie... |
nottoobigtofail.org/2014/11/19/another-housing-bubblethis-on... | “Real estate in Hong Kong defies logic. The city is one of the most expensive places in the world to live and it has smashed one... |
nottoobigtofail.org/2014/11/18/everyone-understood-the-risks... | “The fascination with borrowing in foreign currencies spread through several countries in Central and Eastern Europe early in th... |
nottoobigtofail.org/2014/11/18/it-is-the-presidents-responsi... | “The president is now operating outside the Constitution. That fact is something that certainly must have weighed heavily on him... |
nottoobigtofail.org/2014/11/18/a-mystifying-obama-climate-sl... | “Similarly, without scientific evidence, the president (Obama) said that global warming “means longer droughts, more wildfires” ... |
nottoobigtofail.org/2014/11/14/california-pension-funds-are-... | “The City of Los Angeles Fire and Police Pension System…is short $3 billion. The state’s pension goliath, the Calpers…needed an ... |
nottoobigtofail.org/2014/11/14/it-seems-this-was-nothing-les... | “Kroll contends Moody’s deliberately lowballed its rating – a move that could have ripple effects through the market for Nationa... |
nottoobigtofail.org/2014/11/14/non-prime-home-loans-mostly-w... | “One of the most abjectly false narratives about the financial crisis is that risky mortgages proliferated so that people who co... |
nottoobigtofail.org/2014/11/13/fears-of-inflation-stem-from-... | “Anyone who understood the banks – and all top hedge fund managers did – realized that if the banks were really forced to assess... |
nottoobigtofail.org/2014/11/13/likely-illegal-and-if-not-cer... | “When he called JPMorgan, Mr. Soto said, he was told that the black mark would remain unless he paid. “It was either pay or lose... |
nottoobigtofail.org/2014/11/13/we-demand-a-return-to-the-rul... | “People are panicking after witnessing the reckless disregard for the Constitution and its limits on federal power. We are frigh... |
nottoobigtofail.org/2014/11/13/john-muirs-legacy-questioned-... | “It is essential that we try to understand John Muir in all his complexity. He was a man of his times, who actively worked to di... |
nottoobigtofail.org/2014/11/12/detroit-emerges-from-bankrupt... | ““The city (Detroit) must be continually mindful that a root cause of the financial troubles it now experiences is the failure t... |
nottoobigtofail.org/2014/11/12/how-to-distort-income-inequal... | “America is the freest and most dynamic society in history, and freedom and equality of outcome have never coexisted anywhere at... |
nottoobigtofail.org/2014/11/11/isnt-anyone-who-is-young-and-... | “Check out this example of the regulatory nonsense that the (largely) nationalized U.S. mortgage industry deals with on a daily ... |
nottoobigtofail.org/2014/11/11/does-the-fed-read-the-electio... | “It hasn’t worked. The only confidence stimulated has been the confidence of hedge funds that stocks might be a good bet in the ... |
nottoobigtofail.org/2014/11/11/solvency-lost-in-the-fog-at-t... | “Numerous firms deemed insolvent nonetheless got emergency loans, while Lehman alone was denied one before it went bankrupt. Jud... |
nottoobigtofail.org/2014/11/11/a-fraud-on-the-american-peopl... | “If you made it explicit, the healthy people pay in and sick people get money, it would not have passed (the 2010 Patient Protec... |
nottoobigtofail.org/2014/11/11/wouldnt-it-be-better-to-let-m... | “Instead of the balanced rise in prices and wages that Mr. Abe (Japan’s Prime Minister) promised, pay has lagged, in effect maki... |
nottoobigtofail.org/2014/11/10/generally-standard-practice-f... | “The Supreme Court has the opportunity to reaffirm the principle that the law is what Congress enacts, not what the administrati... |
nottoobigtofail.org/2014/11/10/liberals-are-killing-the-libe... | “On campuses across the country, hostility toward unpopular ideas has become so irrational that many students, and some faculty ... |
nottoobigtofail.org/2014/11/06/uc-proposes-steady-tuition-hi... | “Do I understand this correctly? The UC system is going to increase its student population by 5,000 (from its current 166,250 le... |
nottoobigtofail.org/2014/11/06/ms-kuehls-election-victory-wa... | “…Kuehl’s (successful Los Angeles County Board of Supervisors) campaign benefited from about $3 million in spending by public em... |
nottoobigtofail.org/2014/11/05/my-economic-decisions-if-they... | “The Coalition of L.A. City Unions and its allies have repeatedly urged city leaders to get out of the deals with Bank of New Yo... |
nottoobigtofail.org/2014/11/05/live-work-and-raise-a-family-... | “The ultimate measure of success (of the American justice system) is the ability to live, work and raise a family in a safe envi... |
nottoobigtofail.org/2014/11/05/boj-can-still-shock-but-cant-... | “And (Bank of Japan Governor) Mr. Kuroda can’t keep up the act forever. If he revs the printing presses too high, the costs coul... |
nottoobigtofail.org/2014/11/05/what-in-the-heck-is-calpers-d... | “And some have blamed California’s state pension system, Calpers, for locking Stockton into a plan it cannot afford by erroneous... |
nottoobigtofail.org/2014/11/04/exorbitant-bankpayment-system... | “This is exactly right…cool technology, hooked to exorbitant bank/payment system fees to access your own money is NOT COOL!!! Wh... |
nottoobigtofail.org/2014/11/04/the-roots-of-government-meddl... | “The (Federal) land banks, which had substantially higher losses than other mortgage companies at the time, finally went bust in... |
nottoobigtofail.org/2014/11/04/more-americans-are-preferring... | “Before the recession, it was a government goal, promoted by presidents of both parties, to get the ownership rate up. Homeowner... |
nottoobigtofail.org/2014/11/03/missing-the-prime-suspect-in-... | “But the Fed wants higher inflation, targeting a rate of 2%. That would have certain beauties for the government if not for cons... |
nottoobigtofail.org/2014/11/03/even-silicon-valley-tilts-rep... | “Over the summer, Senator Leahy admitted that his earlier explanation was false: There was no failure among technology companies... |
nottoobigtofail.org/2014/10/30/mortgage-modification-verdict... | “A Yuba County jury awarded $16.2 million in damages to a Plumas Lake homeowner who nearly lost his home to foreclosure after hi... |
nottoobigtofail.org/2014/10/29/more-renters-less-risk-for-wa... | “Mortgage lenders dodged the proposed rule by joining homebuilders and advocates of low-income homeownership to convince hundred... |
nottoobigtofail.org/2014/10/29/fast-traders-are-getting-data... | “It is extremely distressing that a select few insiders have been getting an early look at public filings for so long. It violat... |
nottoobigtofail.org/2014/10/29/yet-most-americans-are-still-... | “Yet most Americans are still actively trying to avoid fat, according to a recent Gallup poll. They are not aware of the USDA’s ... |
nottoobigtofail.org/2014/10/29/our-governments-legal-system-... | “The trend accelerated as attorneys general – particularly Democrats – began hiring outside law firms to conduct investigations ... |
nottoobigtofail.org/2014/10/29/lawsuit-contends-consultant-m... | “They had a job to do and we trusted them. And it turned out the trustees, the advisers, the actuaries and the accountants misle... |
nottoobigtofail.org/2014/10/29/the-wonks-cant-save-us/ | “But of course most economists aren’t really underdogs in need of defending. Taken together, they constitute a classic phenomeno... |
nottoobigtofail.org/2014/10/29/more-risky-loans-allowed/ | “We say hypocrisy because these rules from the banking regulators have been marketed since the 2010 Dodd-Frank law as a way to r... |
nottoobigtofail.org/2014/10/27/10-questions-lawyer-and-found... | “Time Magazine: And how many people have you exonerated? Lawyer and founder of the Equal Justice Initiative Bryan Stevenson: Und... |
nottoobigtofail.org/2014/10/27/a-long-way-to-dispelling-the-... | “Policy makers around the world have been taking measures to address incipient housing bubbles. Singapore, Hong Kong and Dubai a... |
nottoobigtofail.org/2014/10/27/warren-buffetts-bad-housing-a... | “The Fortune author of “Warren Buffett’s bad housing advice” (see below) doesn’t provide the data/assumptions to audit his finan... |
nottoobigtofail.org/2014/10/23/improperly-blamed-on-the-mort... | “Tracy S., 59, a technical writer for a large bank, divorced her husband just as the housing market spiraled downward. They were... |
nottoobigtofail.org/2014/10/23/u-s-agencies-approve-relaxed-... | “Today’s rule-making takes the untenable (government) housing policy that injected irrational exuberance into mortgage lending a... |
nottoobigtofail.org/2014/10/23/they-cannot-be-too-tough-pena... | “There is a profound sense in defense circles that there is a scrum of various regulators and enforcement bodies: the S.E.C., th... |
nottoobigtofail.org/2014/10/23/cato-institute-announces-new-... | “Since its inception, the Federal Reserve’s monetary policies have been a primary cause of artificial booms that lead to recessi... |
nottoobigtofail.org/2014/10/22/4-banks-including-jpmorgan-fi... | “In one case, the European Commission fined JPMorgan Chase €61.7 million euros for manipulating the Swiss franc Libor benchmark ... |
nottoobigtofail.org/2014/10/22/u-s-regulators-agree-to-go-ea... | “It’s certainly possible that this is only the beginning of government pressure to make (home) loans with lower lending standard... |
nottoobigtofail.org/2014/10/22/a-new-plan-for-mortgages-with... | “If an investor wants to put his own money at risk and lend to (mortgage) borrowers who are putting down just 3%, he’s welcome t... |
nottoobigtofail.org/2014/10/22/u-s-regulators-approve-eased-... | “It will really be up to the investors. If they want better lending standards, it is up to them.”, former FDIC Chair Sheila Bair |
nottoobigtofail.org/2014/10/22/why-isnt-the-sec-requiring-mo... | “As I have said on this blog, why isn’t the SEC requiring more investor disclosure about major stock buyback plans like IBM’s: t... |
nottoobigtofail.org/2014/10/21/for-barry-bonds-a-decade-of-i... | “(Barry Bonds) was convicted of obstruction of justice on a reed-thin argument that he had tried to deprive a jury of the truth…... |
nottoobigtofail.org/2014/10/21/i-thought-paulson-was-suppose... | “Paulson’s Advantage Fund, which owned Shire shares, was down nearly 11% for October through last Tuesday, bringing the $21 bill... |
nottoobigtofail.org/2014/10/21/government-regulation-isnt-so... | “There’s this myth that government regulation is well intentioned and benign, and implemented properly. That’s the myth. And the... |
nottoobigtofail.org/2014/10/21/dont-bank-on-easier-mortgage-... | “No matter how many times Lucy pulled the football away, she always managed to persuade Charlie Brown to trust hope over experie... |
nottoobigtofail.org/2014/10/21/u-s-to-ease-repurchase-demand... | “(I am of a mixed mind), but a down payment of just 3% doesn’t leave borrowers with much of a cushion. If prices fall, it risks ... |
nottoobigtofail.org/2014/10/21/then-an-external-third-party-... | “Let’s see. You start a business or build a business and employees voluntarily decide to come to work for your firm at a mutuall... |
nottoobigtofail.org/2014/10/20/this-nobel-is-no-prize/ | “THE ONLY REASON DEPOSITORS in the U.S. have become indifferent to risk-taking by banks, Selgin explains, is that the federal go... |
nottoobigtofail.org/2014/10/20/ecb-officials-call-for-bold-m... | “The biggest bottleneck for growth in the euro area is not monetary policy, nor is it the lack of fiscal stimulus: it is the str... |
nottoobigtofail.org/2014/10/20/when-a-stock-market-theory-is... | “Fundamentally, stock markets are driven by popular narratives, which don’t need basis in solid fact. True or not, such stories ... |
nottoobigtofail.org/2014/10/20/start-helping-the-helpers/ | “Nobody wants zero regulation, and every company should follow the law. But policy should begin with admiration for new ways tha... |
nottoobigtofail.org/2014/10/17/student-loan-debt-and-countin... | “When is the last time you heard of a college or university talking about getting more operationally efficient in a way that wou... |
nottoobigtofail.org/2014/10/17/forecasting-is-inherently-dif... | “My analysis of 1999-2013 reveals that the CBO’s real GDP growth forecasts for the next year were off, on average, by 1.7 percen... |
nottoobigtofail.org/2014/10/16/banking-regulators-dropped-th... | “…after an uproar from real-estate agents, lenders and civil rights groups, banking regulators dropped the 20% down payment requ... |
nottoobigtofail.org/2014/10/16/diametrically-opposed-to-frie... | “(The Fed’s policies and actions post-crisis are) diametrically opposed to Friedman’s deeply American insight that a central ban... |
nottoobigtofail.org/2014/10/16/there-is-too-little-economic-... | “There is too little economic risk-taking, and too much financial risk-taking.”, International Monetary Fund Managing Director C... |
nottoobigtofail.org/2014/10/16/private-business-creates-weal... | “Central bankers don’t stay up at night writing apps, and U.S. senators don’t develop natural-gas plays…Private business creates... |
nottoobigtofail.org/2014/10/15/increasingly-diverging-from-o... | “If general circulation models used by the climate-science community were engineering models (subject to validation and verifica... |
nottoobigtofail.org/2014/10/15/krugman-wants-the-developed-w... | “More often, debt relief takes place implicitly, through “financial repression”: government policies hold interest rates down, w... |
nottoobigtofail.org/2014/10/15/they-are-called-predatory/ | “The government calls it ‘fair housing’ when they lower underwriting standards to fringe borrowers. When the loan origination se... |
nottoobigtofail.org/2014/10/15/the-market-has-always-needed-... | “Rules like this, Fine told me in an interview, create unreasonable barriers for seniors and retirees who may have significant w... |
nottoobigtofail.org/2014/10/15/the-fdic-claimed-in-its-bogus... | “Yet the central message that emerges from three conversations with Prof. Shiller over the past few weeks isn’t a cocksure forec... |
nottoobigtofail.org/2014/10/15/a-nobel-economists-caution-ab... | “(Dodd-Frank) empowers the federal government to centrally manage the risks of the American financial system, as it seeks to pre... |
nottoobigtofail.org/2014/10/15/raising-the-minimum-wage-woul... | “In any case, it seems wise to keep in mind that low wages are the symptom, not the problem. The problem is too many workers cha... |
nottoobigtofail.org/2014/10/14/no-smoke-no-mirrors-the-dutch... | “The rest of the world sort of laughs at the United States – how can a great country like the United States get so many things w... |
nottoobigtofail.org/2014/10/14/the-global-warming-statistica... | “The warming hiatus, combined with assessments that the climate-model sensitivities are too high, raises serious questions as to... |
nottoobigtofail.org/2014/10/14/there-is-no-other-country-who... | “The U.S.’s huge trade deficits (since about 1980), mean that the rest of the world is awash in U.S. dollars. Trading partners l... |
nottoobigtofail.org/2014/10/14/bernanke-testifies-that-a-i-g... | “(Under oath, Ben Bernanke) affirmed that the global financial system had been on the verge of collapse in September 2008. He ag... |
nottoobigtofail.org/2014/10/09/what-we-have-now-isnt-capital... | “…Baer opines that…business leaders “(need to) show how they use their positions of power to contribute to the common good.” On ... |
nottoobigtofail.org/2014/10/09/a-i-g-trial-puts-geithner-and... | “Certainly Citi and B. of A. were insolvent.” former U.S. Treasury Secretary Timothy F. Geithner (during the book interview), Ne... |
nottoobigtofail.org/2014/10/08/jp-morgan-set-the-rate-for-ai... | “Late in the day Tuesday, Mr. Boies pressed Mr. Geithner on how the government came up with the higher interest rate that would ... |
nottoobigtofail.org/2014/10/07/huge-material-underwriting-er... | “Again, the truth is finally emerging. FHA’s audit of mortgage loans insured by them in Q1 2014 apparently has uncovered huge, “... |
nottoobigtofail.org/2014/10/07/resurrected-warnings-of-a-glo... | “The feeble recovery is tempting officials to devalue their currencies, a policy that prices their exports more favorably for in... |
nottoobigtofail.org/2014/10/07/the-big-question-is-whether-a... | “The big question is whether a 15-year mortgage can be affordable. We think it can.”, William M. Isaac and Edward Pinto |
nottoobigtofail.org/2014/10/07/the-protesters-know-that-what... | “Hong Kong became rich on the small government, laissez-faire, rule-of-law-not-men principles of its late colonial administrator... |
nottoobigtofail.org/2014/10/07/welcome-to-the-hotel-calpers/ | “In 2011 Calpers adopted a policy of discounting the termination fee at a rate tied to 10- and 30-year Treasurys in lieu of the ... |
nottoobigtofail.org/2014/10/07/a-i-g-bailout-revisionists-ve... | “To pretend that the rescue of A.I.G. was anything but an effort to make sure the rest of the (banking) industry didn’t go under... |
nottoobigtofail.org/2014/10/07/citigroup-inc-would-have-fail... | “Mr. Paulson said (under oath in the U.S. Court of Federal Claims in Washington), among other things, that Citigroup Inc. would ... |
nottoobigtofail.org/2014/10/07/blaming-american-homebuyers-f... | “(Martin Wolf the Financial Times economics commentator says) Blaming American homebuyers for their liar loans or Greece for its... |
nottoobigtofail.org/2014/10/06/why-ben-bernanke-cant-refinan... | “Pre-crisis, Mr. Bernanke would have been able to refinance with highly competitive rates/terms, utilizing an Alt-a mortgage tha... |
nottoobigtofail.org/2014/10/06/they-dont-seem-furtive-or-def... | “…in the past year of listening to testimony from government officials, there is something different about the boredom and indif... |
nottoobigtofail.org/2014/10/06/godzilla-defeats-the-thing/ | “What is the value of a guaranty from a guarantor with hugely negative capital? Zero. It is solely the fact that the government ... |
nottoobigtofail.org/2014/10/06/the-acceptance-of-fiat-money-... | “Today, the acceptance of fiat money — currency not backed by an asset of intrinsic value — rests on the credit guarantee of sov... |
nottoobigtofail.org/2014/10/02/crucifixion-of-an-apostate-by... | “Yet along the way has come the perverse growth of the term “denier” not for those (if any exist) who deny any possible human im... |
nottoobigtofail.org/2014/10/01/chinas-central-government-loo... | “China’s central government loosened mortgage restrictions on Tuesday in its first direct move this year to address the country’... |
nottoobigtofail.org/2014/10/01/we-need-a-real-recovery-that-... | “Mr. Galston fails to recognize the most important shift in the economy over the last 50 years – the move from free-market-based... |
nottoobigtofail.org/2014/10/01/when-an-economy-is-growing-ra... | “When an economy is growing rapidly, and the population is increasing, house prices are likely to rise (and vice versa)…That is ... |
nottoobigtofail.org/2014/09/30/los-angeles-city-council-neve... | “But the (Los Angeles) City Council never seemed interested in really examining the potential economic consequences of the ordin... |
nottoobigtofail.org/2014/09/30/as-sec-enforcement-cases-rise... | “…the agency has touted its enforcement statistics as a gauge of its effectiveness for the past decade. But police chiefs often ... |
nottoobigtofail.org/2014/09/30/the-8th-amendment-bans-cruel-... | “The 8th Amendment bans cruel and unusual punishment. Yet it happens every day in prisons across the country…We are a nation of ... |
nottoobigtofail.org/2014/09/30/whats-the-number-one-problem-... | “If you had to boil it down to ‘What’s the number one problem in the world?’ well, it would be poor decision making,” says (Ralp... |
nottoobigtofail.org/2014/09/30/the-mainstream-view-has-been-... | “After all, misguided energy policy can have very bad outcomes. For instance, in the 1970s, the U.S. thought it was running out ... |
nottoobigtofail.org/2014/09/30/when-central-bankers-become-c... | “There is not much evidence that these policies (macroprudential regulations) prevent financial bubbles. But there is great risk... |
nottoobigtofail.org/2014/09/30/monopolies-invariably-produce... | “Monopolies invariably produce bad products at high prices.”, Ted Forstmann, legendary financier |
nottoobigtofail.org/2014/09/29/its-about-an-abusive-system-s... | “It’s about an abusive system (SEC enforcement) that threatens the nation’s economic vitality by jeopardizing small business and... |
nottoobigtofail.org/2014/09/29/mothers-tell-your-children-to... | “In July, Federal Reserve Chair Janet Yellen suggested in congressional testimony that social media and biotech valuations “do a... |
nottoobigtofail.org/2014/09/25/west-coast-warming-linked-to-... | “Changes in ocean circulation as a result of weaker winds were the main cause of about 1 degree Fahrenheit of warming in the nor... |
nottoobigtofail.org/2014/09/25/if-francis-and-his-successors... | “The Catholic Church does incalculable good, providing immeasurable comfort – material as well as spiritual – to so many. But it... |
nottoobigtofail.org/2014/09/25/85-of-all-loan-files-containe... | “Do bigger loan files mean better loans? A fascinating article in the latest Mortgage Banking reviewed a study that showed the f... |
nottoobigtofail.org/2014/09/25/holder-backs-suit-in-new-york... | “This right (to a competent attorney) is so fundamental to the operation of the criminal justice system that its diminishment er... |
nottoobigtofail.org/2014/09/25/miss-a-payment-good-luck-movi... | “The devices, lawyers for borrowers argue, violate those laws because they may effectively repossess the car only days after a m... |
nottoobigtofail.org/2014/09/24/defendants-are-entitled-to-th... | “However, the Court will briefly discuss the FDIC’s claim that the “Great Recession” was not only foreseeable, but was actually ... |
nottoobigtofail.org/2014/09/22/not-much-economic-difference-... | “Hefty overdraft fees are often imposed for transactions that are quite small, the Consumer Financial Protection Bureau found in... |
nottoobigtofail.org/2014/09/22/the-government-directs-housin... | “Officials at the White House and the Federal Reserve point to tight credit as they flag worries about a soft housing recovery. ... |
nottoobigtofail.org/2014/09/22/climate-realities/ | “I am going to give equal opportunity here. Below is a New York Times article from one the top experts concerned about climate c... |
nottoobigtofail.org/2014/09/18/we-should-end-the-corporate-i... | “Congress should eliminate federal corporate income taxes, which in 2012 contributed only 9% of federal tax revenues. After all,... |
nottoobigtofail.org/2014/09/18/there-are-now-10000-lawyers-i... | “There are now 10,000 lawyers in the Department of Defense. The legal staff assigned to Gen. Dempsey alone could fill a law firm... |
nottoobigtofail.org/2014/09/17/german-court-lifts-ban-on-ube... | “The only reason people choose Uber over us is the money part. If we could, we would love to be cheaper.”, Michael Linke, 60, ta... |
nottoobigtofail.org/2014/09/17/tesla-breaks-the-auto-dealer-... | “There is no rational reason Tesla – or any other automobile manufacturer – should be restricted from selling new cars directly ... |
nottoobigtofail.org/2014/09/16/i-dont-think-this-new-loan-is... | “The key was to make it a 15-year loan, which allows borrowers to pay off the principal – and build equity – much faster and gen... |
nottoobigtofail.org/2014/09/16/real-estate-a-home-is-by-far-... | “Real estate (a home) is by far the most important asset that most individuals will ever own. It is comparable in market capital... |
nottoobigtofail.org/2014/09/16/it-is-hard-to-make-money-in-r... | “It is hard to make money in real estate (a home) in the long run, unless there is unanticipated inflation (that is, inflation n... |
nottoobigtofail.org/2014/09/15/are-subprime-mortgages-coming... | “This lending freeze is not just preventing people like the Sleimans, who have struggled to document their income, from chasing ... |
nottoobigtofail.org/2014/09/15/sovereign-wealth-fund-or-not-... | “…if the Fed isn’t so all powerful, then the same unexpected external shocks that might cripple the private sector also will wre... |
nottoobigtofail.org/2014/09/15/the-pace-of-renters-flowing-i... | “This suggests that without a significantly stronger economy or easier credit standards, the pace of renters flowing into home b... |
nottoobigtofail.org/2014/09/15/i-guess-only-wise-government-... | “The Obama administration is moving to ease access to student loans for parents with damaged credit, a policy reversal that coul... |
nottoobigtofail.org/2014/09/15/its-not-economic-its-irration... | “It’s not economic (it’s irrational) for banks to offer fixed-rate jumbo mortgage at rates below government guaranteed mortgages... |
nottoobigtofail.org/2014/09/15/when-the-musics-playing-you-h... | “It’s pretty interesting that when the WSJ interviewers pressed VCer Gurley about what Benchmark and the companies they invest i... |
nottoobigtofail.org/2014/09/15/2014-government-see-2002/ | 2002-Government: “YOU MUST PUT MORE MINORITIES AND LMI (Low-to-Moderate Income Borrowers) IN HOMES!” |
nottoobigtofail.org/2014/09/15/education-policy-discriminate... | “This country has achieved its success due to capitalism, entrepreneurship, risk-taking…Yet the government sees fit to forgive s... |
nottoobigtofail.org/2014/09/12/this-time-around-lenders-migh... | “The FHFA hopes that increasing demand for low-income mortgages from Fannie and Freddie will spur lenders to make more of these ... |
nottoobigtofail.org/2014/09/12/the-obama-administration-has-... | “…the Obama administration has not even published a legal opinion attempting to justify the president’s assertion of unilateral ... |
nottoobigtofail.org/2014/09/12/berkeley-free-speech-movement... | “…believing that “we can only exercise our right to free speech insofar as we feel safe and respected in doing so?” Of course no... |
nottoobigtofail.org/2014/09/12/theres-a-cost-to-bad-treatmen... | “So much for fairness and the rule of law when the government has its fat finger on the scales of justice. Invest in blue state ... |
nottoobigtofail.org/2014/09/11/a-disturbing-pattern-and-prac... | “Syncora’s dispute with the banks goes back to a $1.4 billion borrowing by Detroit in 2005. The city was already in dire financi... |
nottoobigtofail.org/2014/09/11/recognizing-bubbles-but-still... | “Jeremy Stein, an economist at Harvard who just left the Federal Reserve board of governors this summer, told me, “I’m broadly s... |
nottoobigtofail.org/2014/09/11/its-pretty-easy-to-be-mr-pott... | “How are these SBA franchise loans (federal student loans and even FHA loans), all with high default rates, any different than t... |
nottoobigtofail.org/2014/09/11/the-simple-free-market-soluti... | “Government agencies like the SEC force institutional investors (banks, insurers, pension plans, and others) to follow the credi... |
nottoobigtofail.org/2014/09/10/the-federal-reserves-too-cozy... | “The Fed’s multibillion-dollar assistance to financial institutions – including lending commitments to Citigroup and Bank of Ame... |
nottoobigtofail.org/2014/09/10/i-thought-it-was-illegal-to-r... | “I thought it was illegal to require prospective employees to possess some skill or expertise that is not required to perform th... |
nottoobigtofail.org/2014/09/10/obamas-student-loan-blowout/ | “It’s hard to conceive of a more destructive national policy (federal student loan policies) – encouraging tuitions to rise and ... |
nottoobigtofail.org/2014/09/08/it-is-almost-comical-to-watch... | “Of course the lenders want to lend but as pointed out in this article, when any and every default can result in a far more cost... |
nottoobigtofail.org/2014/09/08/where-are-all-the-entrepreneu... | “The image of the U.S. as bursting with entrepreneurial zeal, it turns out, is more myth than reality. In truth, the rate at whi... |
nottoobigtofail.org/2014/09/08/whatever-happened-to-global-w... | “…in their quest to explain the pause (15+ years without warming), scientists have made the future sound even less alarming than... |
nottoobigtofail.org/2014/09/04/big-banks-wont-drown-in-liqui... | “The reason the banking system’s loan-to-deposit ratio has declined significantly, from over 90% pre-crisis to just 69% today, i... |
nottoobigtofail.org/2014/09/03/stop-being-so-quick-to-accuse... | “The Financial Times reports that Wells Fargo CEO John Stumpf has warned the GSEs (government-sponsored enterprises) that they m... |
nottoobigtofail.org/2014/09/03/the-cfpb-now-wants-banks-to-m... | “(Meltzer’s “Cronyism vs. the Constitution” Op-Ed, Aug. 26) points to Dodd-Frank and its Consumer Financial Protection Bureau…A ... |
nottoobigtofail.org/2014/09/02/similar-to-what-occurred-befo... | “The rapid increase in new credit lines is the direct result of the significant gains in home prices in most parts of the countr... |
nottoobigtofail.org/2014/09/02/loser-pays-rules-make-a-comeb... | “ATP Tour should have sparked a robust debate among institutional shareholders, corporate managers and their respective counsel ... |
nottoobigtofail.org/2014/09/02/monetarists-will-soon-have-to... | “Monetarists will soon have to abandon the myth that a managed market for money can coexist with a free market for everything el... |
nottoobigtofail.org/2014/09/02/we-must-kill-inflation-in-the... | “We are bumping up against the Fed’s 2% (inflation) trigger to begin raising rates…Funding our $17 trillion national deficit at ... |
nottoobigtofail.org/2014/09/02/some-of-the-factual-assertion... | “Some of the factual assertions in recent amicus briefs would not pass muster in a high school research paper. But that has not ... |
nottoobigtofail.org/2014/09/02/the-suit-offers-a-detailed-lo... | “The suit offers a detailed look at the uneasy state of lending in the United States. In the heady days before the 2008 financia... |
nottoobigtofail.org/2014/09/02/five-years-later-the-governme... | “From our statistical sample, we project that 1,772 loans, worth $208 million (22 percent of the universe), may have similar non... |
nottoobigtofail.org/2014/09/02/checking-account-costs-rise-o... | “The cost of consumer checking accounts at U.S. banks and thrifts hit new highs during the first six months this year, according... |
nottoobigtofail.org/2014/08/31/the-former-quarterback-on-the... | “During his career, Mr. Staubach had six major concussions, but he says he hasn’t felt any lasting effects. While other former p... |
nottoobigtofail.org/2014/08/30/the-feds-loose-policies-have-... | “The Fed’s loose policies have pushed up stock, bond and real estate prices – which is, in fact, the point of a low-rate policy.... |
nottoobigtofail.org/2014/08/30/at-the-bonhams-quail-lodge-au... | “I’m becoming increasingly uneasy,” Scott Grundfor…(Mr. Grundfor’s company also restores and consults on classic cars.) “I’ve fi... |
nottoobigtofail.org/2014/08/28/bernanke-2008-meltdown-was-wo... | “September and October of 2008 was the worst financial crisis in global history, including the Great Depression. Of the 13 most ... |
nottoobigtofail.org/2014/08/28/imf-head-is-targeted-in-frenc... | “After three years of procedure, the sole surviving allegation is that through inadvertency or inattention I may have failed to ... |
nottoobigtofail.org/2014/08/22/i-bank-of-america-acknowledge... | “I. Bank of America acknowledges the facts set out in the Statement of Facts set forth in Annex 1, attached hereto and hereby in... |
nottoobigtofail.org/2014/08/22/the-point-is-that-when-you-se... | “The point is that when you see people clinging to a view of the world in the teeth of the evidence, failing to reconsider their... |
nottoobigtofail.org/2014/08/22/attitudes-have-been-changing-... | “Attitudes have been changing, and the more than 2,000 apartments at the Barbican estate (London) are now in hot demand. A three... |
nottoobigtofail.org/2014/08/22/in-2008-the-treasury-lured-pr... | “In 2008, the Treasury lured private investors into Fannie and Freddie, at an extremely risky moment, with the promise of a retu... |
nottoobigtofail.org/2014/08/22/please-also-dont-look-for-an-... | “Please also don’t look for an analysis of how and why the fine was calculated because it doesn’t seem to exist. For all we can ... |
nottoobigtofail.org/2014/08/21/since-i-first-asked-congress-... | “…since I first asked Congress to raise the minimum wage, 13 states have gone ahead and raised theirs – and those states have se... |
nottoobigtofail.org/2014/08/21/uber-has-the-chance-to-be-a-o... | “Uber has the chance to be a once in a decade if not a once in a generation company. Of course, that poses a threat to some, and... |
nottoobigtofail.org/2014/08/21/but-like-in-london-an-equally... | “But like in London, an equally potent driver of the property market in Germany is the good old “search for yield”…With 10-year ... |
nottoobigtofail.org/2014/08/21/former-obama-senior-adviser-d... | “Former Obama senior adviser David Axelrod dismissed it as “pretty sketchy.” (The indictment of Texas Governor Rick Perry for “a... |
nottoobigtofail.org/2014/08/20/it-wasnt-entirely-accidental-... | “It wasn’t entirely accidental that Theresa’s debts ended up in the hands of thieves. When the original creditor, Washington Mut... |
nottoobigtofail.org/2014/08/20/if-i-had-been-told-to-get-out... | “If I had been told to get out of the street as a teenager, there would have been a distinct possibility that I might have smart... |
nottoobigtofail.org/2014/08/19/the-fed-should-also-take-into... | “…the Fed should also take into consideration the possibility of excesses brought on by low interest rates that could create fin... |
nottoobigtofail.org/2014/08/19/the-collapse-of-lehman-was-no... | ““The collapse of Lehman was not an isolated failure of a single broker-dealer, but rather one of a string of crises for multipl... |
nottoobigtofail.org/2014/08/19/the-government-is-not-a-unico... | “When I finally realized that we were talking past each other, I felt kind of dumb. Because essentially this very realization – ... |
nottoobigtofail.org/2014/08/19/another-example-that-scientif... | “We were told the science was settled. Yet new research suggests that salt is not nearly as dangerous as the government medical ... |
nottoobigtofail.org/2014/08/19/the-political-philosopher-liu... | “…the political philosopher Liu Junning, declared, to the applause of students and faculty, that many Chinese would gladly take ... |
nottoobigtofail.org/2014/08/18/london-and-new-york-suck-in-t... | “This then is the way the world works: Autocratic hypercapitalism without Western checks and balances produces new elites whose ... |
nottoobigtofail.org/2014/08/18/so-why-dont-they-back-off-ris... | “So why don’t they back off Risen? It’s hard to fathom how the president who started with the press fluffing his pillows has end... |
nottoobigtofail.org/2014/08/18/a-large-california-pension-ma... | “A large California pension manager is using complex derivatives to supercharge its bets as it looks to cover a funding shortfal... |
nottoobigtofail.org/2014/08/15/most-of-the-living-wills-incl... | “Most of the living wills, including those for the four largest banks – J.P. Morgan Chase, Bank of America, Citigroup and Wells ... |
nottoobigtofail.org/2014/08/15/newleaf-came-out-with-va-guid... | “NewLeaf came out with VA guidelines that have been enhanced to allow 100% LTV on Cash-Out Transactions…Minimum credit score is ... |
nottoobigtofail.org/2014/08/05/implicit-admission-and-hubris... | “Of greater concern, however, are the implicit admission and hubristic conceit behind the talk about macroprudential supervision... |
nottoobigtofail.org/2014/08/05/the-s-e-c-s-arcane-rule-known... | “The case will most likely rest on how a judge interprets the S.E.C.’s arcane rule, known as 14e-3.”, Andrew Ross Sorkin, “Perha... |
nottoobigtofail.org/2014/08/05/the-sec-as-prosecutor-and-jud... | “More important, the proceedings violate the Constitution’s separation of powers. Every phase of the proceeding, and every gover... |
nottoobigtofail.org/2014/08/04/one-misguided-cfpb-regulation... | “One misguided CFPB regulation is ‘for the best interest of the consumer’ is the 3-day appraisal rule.”, Mortgage Industry Newsl... |
nottoobigtofail.org/2014/08/04/how-long-do-we-think-folks-wi... | “And those Millennials sure don’t like 40 pages of upfront disclosures…but then again, who does? If someone can buy a $100,000 c... |
nottoobigtofail.org/2014/07/31/the-case-for-suing-the-presid... | “The House lawsuit is no “stunt,” as Mr. Obama has characterized it. The lawsuit is necessary to protect the Constitution’s sepa... |
nottoobigtofail.org/2014/07/31/it-is-still-crazy-to-me-that-... | “It is still crazy to me that the lender who gives money to a defaulting borrower is the bad guy here. PHH gave a borrower $280,... |
nottoobigtofail.org/2014/07/30/rising-value-of-houses-stocks... | “Top Fed officials including former Chairman Ben Bernanke have argued that rising asset prices are less a risk than a plus, beca... |
nottoobigtofail.org/2014/07/30/homeowner-program-faces-mount... | “She had run into financial difficulty (paying her mortgage) after separating from her husband and owed nearly $300,000 on her h... |
nottoobigtofail.org/2014/07/30/little-non-bank-mortgage-brok... | “A little non-bank mortgage broker has to develop and maintain a federal Anti-Money Laundering program and have it regularly tes... |
nottoobigtofail.org/2014/07/29/well-entrenched-before-the-wi... | “The unusual price pattern, with prices rising at an increasing rate, was already well entrenched before the widespread adoption... |
nottoobigtofail.org/2014/07/29/federal-reserve-intervention-... | “For more than sixty years, Federal Reserve intervention in the market for Treasury securities has been used as the principle mo... |
nottoobigtofail.org/2014/07/29/what-may-have-sustained-and-c... | “What May Have Sustained and Continued the Housing Bubble (2002-2006)?” |
nottoobigtofail.org/2014/07/29/what-may-have-triggered-the-h... | “What May Have Triggered the Housing Bubble (1997-2001)?” |
nottoobigtofail.org/2014/07/28/one-can-review-the-century-lo... | “One can review the century-long track record of the Fed, since its founding in 1913, in executing the congressional constitutio... |
nottoobigtofail.org/2014/07/28/i-believe-we-are-at-risk-of-d... | “I believe we are at risk of doing what the Fed has too often done: overstaying our welcome by staying too loose, too long…Those... |
nottoobigtofail.org/2014/07/28/the-regulatory-burden-in-the-... | “It’s just a painful business (health care) to be in…the regulatory burden in the U.S. is so high that I think it would dissuade... |
nottoobigtofail.org/2014/07/24/applying-different-rules-to-d... | “The rescue of incumbent investors in the government bailout of the largest U.S. banks in the autumn of 2008 has been widely vie... |
nottoobigtofail.org/2014/07/24/the-status-quo-of-implicit-gu... | “The status quo of implicit guarantees for money funds is unacceptable, just as it was for Fannie Mae and Freddie Mac in the dec... |
nottoobigtofail.org/2014/07/24/at-present-there-are-no-feder... | “At present, there are no federal laws that sufficiently protect lesbian, gay, bisexual and transgender (LGBT) workers from bein... |
nottoobigtofail.org/2014/07/23/the-fed-deviated-from-the-rul... | “Mr. Blinder says that Fed policy has been working well, so a fix is unnecessary. But it has not been working well. Since the ti... |
nottoobigtofail.org/2014/07/23/62-percent-of-all-bankruptcie... | “…Harvard researchers who examined a large sample of 2007 bankruptcy filings found that, “using a conservative definition, 62.1%... |
nottoobigtofail.org/2014/07/23/the-loan-has-been-handled-per... | “…for example, if someone took out a (FHA) loan 10 years ago, and maybe they got a $5,000 gift from their parents, well, technic... |
nottoobigtofail.org/2014/07/23/federal-debt-is-now-nine-time... | “The average federal debt per household will soon exceed $140,000…Federal debt is now nine times greater than revenue legally av... |
nottoobigtofail.org/2014/07/22/after-150-years-of-rolling-th... | “We have gone through two World Wars, the Great Depression, the Cuban trade embargo, smoking bans, excessive taxation and compet... |
nottoobigtofail.org/2014/07/22/janet-yellen-made-an-admirabl... | “In early July, Janet Yellen made an admirably clear statement that she is sticking faithfully to the Greenspan- Bernanke policy... |
nottoobigtofail.org/2014/07/22/investors-seeking-a-higher-re... | “Investors, seeking a higher return when interest rates are low, recently flocked to buy a bond issue from (subprime auto lender... |
nottoobigtofail.org/2014/07/22/more-than-any-other-single-in... | “More than any other single individual in the U.S. financial system, (Fed Chair) Janet Yellen is in a position to see what is ta... |
nottoobigtofail.org/2014/07/21/although-the-lefts-narrative-... | “Although the left’s narrative placed all blame on the private sector, these numbers show that private firms were responsible fo... |
nottoobigtofail.org/2014/07/21/none-of-these-issues-is-an-ex... | “…none of these issues is an excuse to delay accountability. Children have only one chance for an education and every year in wh... |
nottoobigtofail.org/2014/07/18/substituting-her-own-judgment... | “But it does amount to a government official (The Fed Chair and nation’s top economist) substituting her own judgment for that o... |
nottoobigtofail.org/2014/07/17/commissioned-sales-people-and... | “Check out the California Supreme Court ruling below re. commissioned sales employees and overtime pay. Bad labor laws like this... |
nottoobigtofail.org/2014/07/17/when-property-rights-are-thre... | “When (property rights) are threatened, or uncertain, the result is inefficiency, rent-seeking, a larger underground economy and... |
nottoobigtofail.org/2014/07/17/many-monetary-experts-refer-t... | “Many monetary experts refer to the 2000 equity crash as a benign event. But the unemployment rate rose by 2½ percentage points ... |
nottoobigtofail.org/2014/07/16/ah-ill-stop-there-because-wer... | “Ah…I’ll stop there because we’re running out of time, but I have to say, Chairman Yellen, I think the language in the statute (... |
nottoobigtofail.org/2014/07/16/the-federal-reserve-has-induc... | “It’s certainly true that from a psychological standpoint, the Federal Reserve has induced the same sort of yield-seeking specul... |
nottoobigtofail.org/2014/07/16/sound-money-and-free-markets-... | “Sound money and free markets go hand in hand…When (Fed monetary) policy became more ad hoc, interventionist and discretionary d... |
nottoobigtofail.org/2014/07/16/a-misguided-campaign-against-... | “The CFPB should only create programs to educate consumers about payday loans, pass regulations to ensure that lenders follow ex... |
nottoobigtofail.org/2014/07/15/regulators-have-taken-to-warn... | “Regulators have taken to warning that investors may be underestimating the risks still lurking in the euro zone – perverse give... |
nottoobigtofail.org/2014/07/15/most-of-san-francisco-city-co... | “Most of (San Francisco) City College’s problems, however, remain unsolved…With no state leadership, and with boards and faculty... |
nottoobigtofail.org/2014/07/15/if-macroeconomics-is-so-great... | “Our desire to artificially maintain our standard of living through massive public- and private-sector debt (currently 348% of G... |
nottoobigtofail.org/2014/07/15/when-the-federal-government-i... | “When the federal government is good, it’s very, very good. When it’s bad (or at least deeply inefficient), it’s the norm. The e... |
nottoobigtofail.org/2014/07/15/nobel-prize-winner-milton-fri... | “…Nobel Prize winner Milton Friedman’s scientific conclusions are in accordance with Mr. Volcker’s policy views. Mr. Volcker emp... |
nottoobigtofail.org/2014/07/15/how-we-as-a-nation-treat-thes... | “How we as a nation treat these refugee children fleeing for their lives will speak volumes about what we truly value. More than... |
nottoobigtofail.org/2014/07/15/treasury-secretary-jack-lew-o... | “…on Monday it (The Department of Justice) announced a civil settlement with Citigroup over failed mortgage investments that cov... |
nottoobigtofail.org/2014/07/10/in-vivid-contrast-to-the-swis... | “…in vivid contrast to the Swiss central bank, which marks its investments to market, the Federal Reserve has designed its own r... |
nottoobigtofail.org/2014/07/10/the-amounts-here-are-absolute... | “The amounts here are absolutely staggering,” said Rep. John Mica, R-Fla. “It’s over $100 billion each of the last five years (s... |
nottoobigtofail.org/2014/07/09/now-the-solution-a-lottery-ar... | “The inappropriate cronyism (for these LA firefighting jobs) that occurred in the first-place (and caused a scandal) and now the... |
nottoobigtofail.org/2014/07/08/welcome-to-the-everything-boo... | “Welcome to the Everything Boom – and, quite possibly, the Everything Bubble. Around the world, nearly every asset class is expe... |
nottoobigtofail.org/2014/07/08/washington-is-stuck-because-t... | “Washington is stuck because that serves its interests. Long laws and vague regulations amount to arbitrary power. The administr... |
nottoobigtofail.org/2014/07/07/the-government-argues-that-di... | “To justify its position against granting discovery to plaintiffs, the government argues that disclosure of current and future p... |
nottoobigtofail.org/2014/07/07/supporters-citing-evidence-th... | “Often…those against corporatism seem to favor the existence of large government-sponsored enterprises that fill a void left by ... |
nottoobigtofail.org/2014/07/07/most-of-the-investigations-in... | “Most of the investigations involve trumped-up charges of misleading job placement rates, which federal law requires for-profits... |
nottoobigtofail.org/2014/07/07/we-now-have-unelected-agencie... | “Religious freedom was a founding principle of our republic…We now have unelected agencies of the government bullying the citize... |
nottoobigtofail.org/2014/07/07/it-began-with-550-million-loa... | “It began with $550 million loans in…2004-2005. Thereafter (Puerto Rico sovereign) borrowing, largely to finance…(deficits) took... |
nottoobigtofail.org/2014/07/02/the-largest-institutional-inv... | “Thanks to 30-year fixed rate, government-guaranteed mortgages and government tax breaks for mortgage interest and capital gains... |
nottoobigtofail.org/2014/07/02/a-better-zip-code-is-the-resu... | “Successful economic upward mobility requires steps – such as employment and education – that lead to a move to a better neighbo... |
nottoobigtofail.org/2014/07/01/central-bankers-warn-the-worl... | “Stop Us Before We Kill Again: Central bankers warn the world about…central bankers.”, Wall Street Journal |
nottoobigtofail.org/2014/06/30/turmoil-in-emerging-market-cu... | “Given the clear trajectory of U.S. (monetary) policy, the turmoil in emerging-market currency and bond markets over the past ye... |
nottoobigtofail.org/2014/06/30/the-world-is-drunk-on-easy-mo... | “The overall, somewhat gloomy message from the central bankers was that the world is drunk on easy money and has already forgott... |
nottoobigtofail.org/2014/06/30/300-years-before-ben-bernanke... | “The narrative proceeds…to John Law, the 18th-century Scotsman who, as banker to the French court, gave quantitative easing a tr... |
nottoobigtofail.org/2014/06/30/the-individual-was-never-talk... | “During my Wall Street days, the individual was never talked about.” (For example, patients often don’t know how much a procedur... |
nottoobigtofail.org/2014/06/30/if-youre-self-employed-youre-... | “If you’re self-employed, you’re hosed. If you just started a job, you’re hosed. If you get a bonus, you’re hosed. Just got a se... |
nottoobigtofail.org/2014/06/27/contributed-mightily-to-the-h... | “From 2003 to 2005, however, the Fed kept interest rates lower than such a rules-based approach would imply. This contributed mi... |
nottoobigtofail.org/2014/06/27/not-for-the-benefit-of-the-se... | “In any event, the limitation upon the President’s appointment power is there not for the benefit of the Senate, but for the pro... |
nottoobigtofail.org/2014/06/27/how-different-is-subprime-cre... | “The average rate for such (subprime credit card) customers was 21.1% in the first quarter, up from 20.2% a year earlier, accord... |
nottoobigtofail.org/2014/06/26/pension-funds-radically-chang... | “But as interest rates began their long fall, pension funds faced a dilemma. Staying heavily invested in bonds would force gover... |
nottoobigtofail.org/2014/06/26/mississippians-probably-shoul... | “The American colonial slogan “No Taxation Without Representation” described our grievance with Britain and led to our Country’s... |
nottoobigtofail.org/2014/06/25/eight-grueling-years-passed-b... | “On and on it went. Eight grueling years passed before we had our day in court. Even after a U.S. district court dismissed the ... |
nottoobigtofail.org/2014/06/24/the-implicit-guarantee/ | “(The “implicit guarantee”) describes a peculiar belief widely held before the financial crisis, that Fannie Mae and Freddie Mac... |
nottoobigtofail.org/2014/06/24/pay-as-you-earn-program/ | “Check out this NY Times example of a Pay as You Earn program (PAYE) student loan…It’s negatively amortizing: the balance owed i... |
nottoobigtofail.org/2014/06/23/a-handful-of-wall-street-firm... | “A handful of Wall Street firms are much more vulnerable than their peers to a type of bank run (repo runs) seen during the fina... |
nottoobigtofail.org/2014/06/20/this-kind-of-conduct-has-no-p... | “The blatant discrimination that occurred here (by GE Capital) is unlawful and will not be tolerated,” said Jocelyn Samuels, the... |
nottoobigtofail.org/2014/06/20/26-trillion-in-wealth-added-s... | “The aggregate wealth of U.S. households, including stocks and real-estate holdings, just hit a new high of $81.8 trillion. That... |
nottoobigtofail.org/2014/06/19/it-became-nearly-impossible-t... | “But the antifat message went mainstream, and by the 1980s it was so embedded in modern medicine and nutrition that it became ne... |
nottoobigtofail.org/2014/06/18/driving-the-demand-for-this-d... | “Driving the demand for this debt are the easy-money policies of the world’s major central banks, which has depressed yields on ... |
nottoobigtofail.org/2014/06/17/persistently-low-interest-rat... | “Persistently low interest rates set by the BOE (Bank of England), alongside government policies intended to spur home buying, h... |
nottoobigtofail.org/2014/06/17/immigration-is-an-economic-is... | “Immigration is an economic issue. Fundamentally, it is about the movement of workers, entrepreneurs and consumers to locations ... |
nottoobigtofail.org/2014/06/17/federal-loan-programs-encoura... | “Federal loan programs “encourage students to pursue any degree regardless of price,” Mr. Palacious says. Students can borrow ca... |
nottoobigtofail.org/2014/06/17/federal-government-is-steppin... | “The federal government is stepping up wage garnishment of student-loan borrowers who have defaulted, another lingering effect o... |
nottoobigtofail.org/2014/06/17/the-fed-manipulates-rates-low... | “Lending to weaker companies on easy terms is becoming more and more common as investors’ appetite for higher-yielding debt grow... |
nottoobigtofail.org/2014/06/17/what-is-holding-back-entrepre... | “In America, what is holding back entrepreneurs from using digital technology to re-invent consumer banking and finance, includi... |
nottoobigtofail.org/2014/06/16/the-frequency-and-breadth-of-... | “…the frequency and breadth of the Ninth’s Circuit’s defeats (10 of 11 cases before the Supreme Court this term and 8 of 10 of t... |
nottoobigtofail.org/2014/06/12/we-can-all-recite-a-rather-lo... | “We can all recite a rather long list of culprits contributing to the financial crisis. What I want to raise is what seems to be... |
nottoobigtofail.org/2014/06/11/free-market-capitalism-genera... | “History provides ample evidence that when allowed to function properly free market capitalism generates massive national prosp... |
nottoobigtofail.org/2014/06/10/why-is-it-more-important-for-... | “Housing experts advise on market comparables/values and whether you qualify for a mortgage and terms, but are silent on what sh... |
nottoobigtofail.org/2014/06/10/expected-to-cut-the-time-need... | “Beginning July 1, lenders will no longer have to perform an analysis of cash flow or debt-service coverage on loans of $350,000... |
nottoobigtofail.org/2014/06/09/economic-disasters-are-almost... | “Taken together, both international and U.S. evidence reveals a strong pattern: Economic disasters are almost always preceded by... |
nottoobigtofail.org/2014/06/09/what-lessons-should-people-dr... | “WSJ Money: What lessons should people draw about their own finances, based on what we’ve just been through? Timothy Geithner: T... |
nottoobigtofail.org/2014/06/06/the-longer-very-low-inflation... | “The longer [very low inflation] lasts, the higher are the risks,” Mr. Draghi (ECB President) said at a news conference. “That i... |
nottoobigtofail.org/2014/06/06/loosening-lending-standards-a... | “Credit unions in search of higher returns are loosening lending standards and piling into longer-term assets, exposing the firm... |
nottoobigtofail.org/2014/06/06/as-a-presidential-candidate-i... | “As a presidential candidate in 2007, Obama rightly suggested that the Bush administration’s use of signing statements was “a cl... |
nottoobigtofail.org/2014/06/06/army-units-lack-of-security-a... | “If anything, the report suggests that the army unit’s lack of security and discipline was as much to blame for the disappearanc... |
nottoobigtofail.org/2014/06/05/how-can-they-expect-to-have-t... | “It is a problem of their (the Fed’s) own making. They can’t have it both ways,” said Martin Barnes, chief economist at BCA Rese... |
nottoobigtofail.org/2014/06/04/96-of-all-campaign-contributi... | “In the 2012 presidential race, according to Federal Election Commission data, 96% of all campaign contributions from Ivy League... |
nottoobigtofail.org/2014/06/04/health-care-is-our-other-afgh... | “…Government never will be able to satisfy demand for a valuable service given away free or nearly free…If a private hospital op... |
nottoobigtofail.org/2014/06/03/a-synthetic-version-of-the-mu... | “Combine a 30-year, fixed-rate, first mortgage, with an interest-only home equity line of credit (a major product of the Too Big... |
nottoobigtofail.org/2014/06/02/squeeze-out-any-return-from-r... | “This process has been what central banks have been seeking: Squeeze out any return from risk-free assets, and force investors i... |
nottoobigtofail.org/2014/06/02/government-promoted-moral-haz... | “…a key harm resulting from many programs is “government-promoted moral hazard,” in which public policies encourage people to en... |
nottoobigtofail.org/2014/05/28/the-confusion-here-may-lie-wi... | “The confusion here may lie with HUD itself, as it appears to stem from a mortgagee letter HUD issued in 2008 that would have li... |
nottoobigtofail.org/2014/05/28/known-to-economists-as-rents/ | “The excess profits companies can extract from their customers when they face little or no competition – known to economists as ... |
nottoobigtofail.org/2014/05/28/ho-wants-an-index-fund-that-y... | “Who wants an index fund that yields 2%?” said Jeffrey Gundlach, whose Total Return Bond Fund at DoubleLine Capital LP has $32.1... |
nottoobigtofail.org/2014/05/28/thomas-sowell-on-what-defines... | “Those who perform these vital services (feeding, clothing, and sheltering their fellow citizens) are activated by the incentive... |
nottoobigtofail.org/2014/05/28/train-the-cfpb-on-the-va/ | “The federal government runs two giant health-care programs…Medicare is provided by private physicians and other providers. Its ... |
nottoobigtofail.org/2014/05/27/it-began-with-a-mania/ | “From the bare facts of the American financial crisis, many different narratives have already been spun. They can be classified ... |
nottoobigtofail.org/2014/05/27/demanding-unconstitutional-ne... | “They (the S.E.C.) are an administrative agency that is holding up this process because they are demanding unconstitutional new ... |
nottoobigtofail.org/2014/05/23/the-church-has-consistently-r... | “The spread of the free market has undoubtedly led to a tremendous increase in overall wealth and well-being around the world…Ye... |
nottoobigtofail.org/2014/05/22/a-simple-reason-why-this-intu... | “Intuitively, an accurate forecast is more likely to have been made by a forecaster who has better judgment and is better able t... |
nottoobigtofail.org/2014/05/21/the-initial-investment-thesis... | “The initial investment thesis was to invest in these homes, make a nice return on the way, and be positioned to sell them for a... |
nottoobigtofail.org/2014/05/21/money-illusion-occurs-when-pe... | “Money illusion occurs when people think in terms of nominal values rather than real values – meaning, they consider the face va... |
nottoobigtofail.org/2014/05/20/homeowners-have-not-been-able... | “…thanks to a 1993 Supreme Court decision, homeowners saddled with mortgage debt on their primary residences have not been able ... |
nottoobigtofail.org/2014/05/20/large-investors-are-rushing-i... | “Large investors are rushing into the riskiest corporate bonds, frustrated by low interest rates on safer investments and convin... |
nottoobigtofail.org/2014/05/19/the-feds-qe-has-taken-all-the... | The below explains the recently falling 10-year Treasury yield this year. The bottom line is the Fed’s QE has taken all the supp... |
nottoobigtofail.org/2014/05/19/some-asking-whether-silicon-v... | “But the booming tech economy, which underpins the Bay Area housing market, has some asking whether Silicon Valley is in a bubbl... |
nottoobigtofail.org/2014/05/19/the-natural-instinct-is-to-le... | “In a financial crisis, the natural instinct is to let creditors suffer losses, let firms fail, and protect taxpayers from any r... |
nottoobigtofail.org/2014/05/19/reversing-course-on-some-of-t... | “The Obama administration and federal regulators are reversing course on some of the biggest postcrisis efforts to tighten mortg... |
nottoobigtofail.org/2014/05/19/he-admits-that-he-didnt-see-t... | “One of the themes in “Stress Test” is Mr. Geithner’s difficulty in understanding the health of large financial firms. He admits... |
nottoobigtofail.org/2014/05/19/they-cannot-understand-why-th... | “At a minimum, Mr. Mian and Mr. Sufi say, they cannot understand why the government encourages borrowing, for example, through t... |
nottoobigtofail.org/2014/05/19/californias-business-or-polit... | “Hilariously credulous are certain reports in the California press claiming Toyota’s decision to move its U.S. headquarters, alo... |
nottoobigtofail.org/2014/05/19/entire-college-financing-syst... | “Let us pause for a moment to state the plain fact that the entire college financing system is a national disgrace. College cost... |
nottoobigtofail.org/2014/05/19/chinas-central-bank-asked-the... | “…led by Liu Shiyu, a vice governor of the People’s Bank of China, central-bank officials discussed mortgage-lending policies wi... |
nottoobigtofail.org/2014/05/14/lets-have-the-government-enco... | “Hey, I have an idea! Let’s have the government encourage expanding lending to riskier borrowers. That way we can sell more hous... |
nottoobigtofail.org/2014/05/13/speaking-of-low-down-payment-... | “(An employee of) BB&T writes, “Speaking of low down payment loans for first timers- As part of their CRA requirement, BB&T Bank... |
nottoobigtofail.org/2014/05/07/fed-chair-yellen-recently-adm... | “Fed Chair Yellen recently admitted they don’t have a good model of inflation….(and yet) The Fed (ignores Milton Friedman’s dict... |
nottoobigtofail.org/2014/05/07/im-not-predicting-that-the-ma... | “I’m not predicting that the market is going to fall 12 percent or 50 percent. (And if I did, you should stop reading this colum... |
nottoobigtofail.org/2014/05/06/heres-a-little-known-fact-ber... | “Here’s a little-known fact: Berkshire Hathaway, the fifth-largest company in the United States, with some $162.5 billion in rev... |
nottoobigtofail.org/2014/05/06/how-can-the-national-statisti... | “How in the world can the National Statistical Rating Agencies rate 50-year bonds or even 30-year bonds for one corporation? Who... |
nottoobigtofail.org/2014/05/05/shooting-random-people-for-fo... | “(The FERC) Shooting random people for following the law, that sets the markets and the world back.”, Rich Gates |
nottoobigtofail.org/2014/05/01/only-one-lender-onewest-the-f... | “Only one lender, OneWest, the former IndyMac bank, would not settle, opting instead to continue with the review of loan files. ... |
nottoobigtofail.org/2014/04/30/fostering-cyclical-resilience... | “Fostering cyclical resilience means ensuring that the key securitization infrastructure on which the secondary mortgage market ... |
nottoobigtofail.org/2014/04/30/au-revoir-entrepreneurs/ | “Piketty also ignores other problems that would surely stem from so much wealth redistribution and political control of the econ... |
nottoobigtofail.org/2014/04/30/the-roots-of-the-problem-say-... | “The roots of the problem, say many Italians, lie in how vested interests in the private and public sectors gum up the economy, ... |
nottoobigtofail.org/2014/04/29/headquarters-from-california-... | “Barely a month after Toyota settles a politically-tinged criminal case with the U.S. Government for $1.2 billion and in related... |
nottoobigtofail.org/2014/04/29/isnt-berkshire-hathaways-buff... | “Isn’t Berkshire Hathaways’ (Buffet’s son is the director on Coke’s board) decision to abstain from approving Coke’s equity plan... |
nottoobigtofail.org/2014/04/28/wait-until-you-take-a-closer-... | “If you thought mortgage-underwriting standards were lax right before the housing crisis, wait until you take a closer look at s... |
nottoobigtofail.org/2014/04/28/the-german-economic-thinker-m... | “The German economic thinker Max Weber believed that for capitalism to work, average people needed to know how to do double-entr... |
nottoobigtofail.org/2014/04/28/silicon-valley-feels-like-a-f... | “Meanwhile, the rest of the country slouches along, unemployment high, wages stagnant, credit tight. But Silicon Valley feels li... |
nottoobigtofail.org/2014/04/28/no-one-knew-how-many-transfus... | “No one knew how many transfusions would be necessary. Heated disagreement ensued. We were trying, as Isaac does now at the poke... |
nottoobigtofail.org/2014/04/28/feds-low-interest-rate-polici... | “Low-interest-rate policies have helped bail out banks, the stock market and real estate, but the Fed has not publicly acknowled... |
nottoobigtofail.org/2014/04/28/a-west-that-prefers-debt-subs... | “A West that prefers debt-subsidized welfarism over economic growth will not offer much in the way of an attractive model for co... |
nottoobigtofail.org/2014/04/28/a-thoroughly-politicized-bure... | “The CFPB has more than 1,300 employees, yet so far its chief accomplishments are a rule that lets taxpayer-backed Fannie Mae an... |
nottoobigtofail.org/2014/04/25/one-of-the-great-aspects-of-t... | “Finally, one of the great aspects of the American system is that it is okay to fail and to try again. But even that seems to be... |
nottoobigtofail.org/2014/04/11/a-second-level-of-constitutio... | “Even that wouldn’t cure a second level of constitutional infirmity. Based mostly on precedent established before the SEC had an... |
nottoobigtofail.org/2014/04/09/postpone-his-retirement-so-th... | “Freddie Mac’s former President, the one who was their Chief Operating Officer right up to the financial crisis and left just ab... |
nottoobigtofail.org/2014/04/08/the-difference-between-being-... | “Just to clarify, the difference between being pro-business and pro-market is categorical. A politician who is a “friend of busi... |
nottoobigtofail.org/2014/04/07/economists-should-be-sure-to-... | “If you were ill at the beginning of the 19th century, a physician was your best bet, but his knowledge was so rudimentary that ... |
nottoobigtofail.org/2014/04/07/its-our-nature-to-overestimat... | “The Nobel Prize-winning economist Daniel Kahneman has noted that it’s our nature to overestimate how much we understand the wor... |
nottoobigtofail.org/2014/04/07/and-there-was-washington-mutu... | “And there was Washington Mutual. TPG led a group of investors in extending a $7 billion lifeline to the struggling bank in the ... |
nottoobigtofail.org/2014/04/07/by-the-way-if-the-feds-knew-a... | “By the way, if the feds knew about this, why wasn’t it disclosed to investors when the reborn GM sold shares to the public in 2... |
nottoobigtofail.org/2014/04/07/buying-high-quality-debt-alon... | “Buying high-quality debt alone is not going to put meat on the table, and you have to take a little more risk.’”, John Kerschne... |
nottoobigtofail.org/2014/04/07/governments-job-is-not-to-obt... | “The government’s job as a criminal prosecutor is not to obtain convictions, but ‘to do justice’….It should be required to follo... |
nottoobigtofail.org/2014/04/07/the-feds-dual-mandate-really-... | “Monetary policy should be less accommodative…willing to tolerate a larger forecast shortfall of the path of the unemployment ra... |
nottoobigtofail.org/2014/04/07/we-will-see-our-country-begin... | “As our culture moves both in form and substance from a “rule of law” society to an “ends justifies the means” approach, we will... |
nottoobigtofail.org/2014/04/03/im-fighting-to-restore-a-free... | “This is a great OpEd by American entrepreneur Charles Koch. I share these views based on my 30 plus years of business experienc... |
nottoobigtofail.org/2014/03/13/california-will-be-losing-yet... | “No matter which city wins, California will be losing yet another Fortune 500 company…Texas gets Oxy and is looking for more.”, ... |
nottoobigtofail.org/2014/03/13/securities-cases-certified-as... | “Thus, (securities) cases certified as class actions—and 77% of decided motions for class certifications are granted, according ... |
nottoobigtofail.org/2014/03/12/i-would-not-argue-with-the-id... | “So, I think it will take a while for scholars to decide exactly what role easing monetary policy had in contributing to the fin... |
nottoobigtofail.org/2014/03/12/legislation-to-eliminate-the-... | “Advocates of it say it never costs anything and so that sometimes begs the question: Do you need the federal backstop there?” s... |
nottoobigtofail.org/2014/03/10/in-december-almost-40-percent... | “In December, almost 40 percent of the home sales were all cash. Redfin estimates that, on average, 60 percent to 80 percent of ... |
nottoobigtofail.org/2014/03/10/sounds-a-lot-like-the-short-s... | “Sounds a lot like the short sellers who attacked IndyMac and the U.S. housing, mortgage and financial system. I think they migh... |
nottoobigtofail.org/2014/03/10/aggressive-housing-programs-h... | “Aggressive (U.S. government) housing programs have not always helped the poor and middle class. The median net worth of America... |
nottoobigtofail.org/2014/02/27/it-is-very-hard-to-make-the-j... | “It is very hard to make the judgment now that the financial system as a whole or the banking system as a whole is undercapitali... |
nottoobigtofail.org/2014/02/27/do-not-have-troubling-traits-... | “Although Mossberg was not alone when he was appointed lead plaintiff in this action, finding him an adequate class representati... |
nottoobigtofail.org/2014/02/27/more-constrained-areas-saw-bi... | “Tapping this data (land availability “elasticity scores”), economists Atif Mian at Princeton University and Amir Sufi at the Un... |
nottoobigtofail.org/2014/02/27/i-believe-that-most-of-these-... | “From 1997 to 2013, there were 3,200 private securities class-action lawsuits, costing $75 billion (in settlements). There are o... |
nottoobigtofail.org/2014/02/20/if-mr-zuckerberg-has-a-revolu... | “The stock price is withering. Investors and analysts are feeling burned….if Mr. Zuckerberg has a revolution up his sleeve, let’... |
nottoobigtofail.org/2014/02/19/we-might-be-heading-he-said-t... | “Mr. Perkins first came to widespread attention a few weeks ago by comparing anti-tech demonstrators to Nazis. We might be headi... |
nottoobigtofail.org/2014/02/19/our-brains-generate-predictio... | “Dr. Friston has proposed that our brains are prediction-generating machines. Our brains, Dr. Friston argues, generate predictio... |
nottoobigtofail.org/2014/02/19/securities-laws-require-mater... | “Securities laws require material information — that is, information that might affect an investor’s view of a company — to be d... |
nottoobigtofail.org/2014/02/18/profits-are-at-a-record-high-... | “Profits are at a record high as a share of G.D.P., yet corporations aren’t reinvesting their returns in their businesses. Inste... |
nottoobigtofail.org/2014/02/13/the-lira-has-lost-as-much-as-... | “The Lira has lost as much as a third of its value against the dollar, since the Federal Reserve in Washington began making nois... |
nottoobigtofail.org/2014/02/13/the-3-market-value-included-t... | “In December 2008, Citi was effectively insolvent. (It’s) equity-to-assets ratio, measured in market value—the best single compr... |
nottoobigtofail.org/2014/02/13/from-2009-to-mid-2013-average... | “The recent turn has been abrupt. The flop reflects a broader turning point in one of the U.S.’s biggest recent asset booms. Fro... |
nottoobigtofail.org/2014/02/13/these-reserves-drove-a-specul... | “The fact is they (Asian countries) bulked up on savings, held back on consumption and investment, and amassed huge caches of fo... |
nottoobigtofail.org/2014/02/12/it-implies-a-trade-off-betwee... | “I find that mandate (the Fed’s dual mandate: stable prices and full employment) both operationally confusing and ultimately ill... |
nottoobigtofail.org/2014/02/12/annual-earnings-dropped-for-t... | “Annual earnings dropped for the first time since Rackspace went public. The stock price has plunged more than 55% over the past... |
nottoobigtofail.org/2014/02/10/the-financial-crisis-hammered... | “… the financial crisis hammered the Harvard endowment and exposed its weaknesses, including a lot of illiquid investments. The ... |
nottoobigtofail.org/2014/02/10/39-of-the-increase-in-u-s-inc... | “The Peterson Institute of International Economics estimates that 39% of the increase in U.S. income inequality is because of th... |
nottoobigtofail.org/2014/02/10/mr-buffett-said-the-odds-cant... | “Mr. Hamman suggested a $1 billion prize for nailing every game in the NCAA tournament. Before coming to terms, SCA and Mr. Buff... |
nottoobigtofail.org/2014/02/07/are-speculative-market-booms-... | “This debate is fundamental, and the answers affect nearly everyone. Are speculative market booms and busts — like those that le... |
nottoobigtofail.org/2014/02/07/yelp-doesnt-disclose-how-much... | “Yelp sells ads through a mix of a self-service model similar to Google’s and a “full-service” model using a sales force. The c... |
nottoobigtofail.org/2014/02/06/buybacks-are-a-sign-of-corpor... | “Investor Jim Chanos is quietly building an investment thesis around the idea that buybacks are a sign of corporate weakness, no... |
nottoobigtofail.org/2014/02/06/flailing-investors-can-delude... | “Flailing investors…frustrated by low returns and desperate for yield…can delude themselves, pouring money into ill-conceived pr... |
nottoobigtofail.org/2014/02/06/m2-has-grown-so-fast-in-china... | “M2 has grown so fast in China not just because the central bank has been issuing a lot of renminbi, but also because the state-... |
nottoobigtofail.org/2014/02/06/i-dont-think-the-feds-qe-poli... | “I don’t think the (Fed’s) QE policies are so benign for inflation since 40% of my former retirement income has been rerouted to... |
nottoobigtofail.org/2014/02/06/alan-greenspan-needs-to-creat... | “To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business inv... |
nottoobigtofail.org/2014/02/06/the-feds-multiyear-policy-of-... | “Mr. Bernanke was the board’s intellectual leader in its decision to cut the fed funds rate to 1% in June 2003 and keep it there... |
nottoobigtofail.org/2014/02/05/breaking-bonds-of-trust-betwe... | “All of these things….the pushing around of nuns, the limiting of freedoms that were helping kids get a start in life, the targe... |
nottoobigtofail.org/2014/02/04/demonstrates-a-distinct-lack-... | “This (FTC) opinion is the most problematic agency action I have seen in terms of the potential to cause harm to consumers. It d... |
nottoobigtofail.org/2014/02/04/mind-blowing-and-unprecedente... | “Chris Kostman, who operates the Badwater run, Furnace Creek bike race and three other Death Valley events, called it “mind-blow... |
nottoobigtofail.org/2014/02/03/what-the-sec-has-done-here-is... | “What the SEC has done here is highly questionable and vulnerable to challenge…it is hard to fathom what they were thinking (in ... |
nottoobigtofail.org/2014/01/30/the-rule-of-law-and-the-road-... | “Nothing distinguishes more clearly conditions in a free country from those in a country under arbitrary government than the obs... |
nottoobigtofail.org/2014/01/23/central-banks-cannot-simply-m... | “Central banks cannot simply move economic growth and employment to a desired level. Monetary policy (cannot) replace a sustaina... |
nottoobigtofail.org/2014/01/23/i-did-not-have-sexual-relatio... | “I did not have sexual relations with that woman, Miss Lewinsky.”, President Bill Clinton, Jan. 26, 1998 |
nottoobigtofail.org/2014/01/14/homebuyers-were-encouraged-to... | “During the pre-crisis boom, homebuyers were encouraged to borrow heavily to finance undiversified investments in a single home,... |
nottoobigtofail.org/2014/01/14/the-private-plaintiffs-litiga... | “The private plaintiffs’ litigation against me, as CEO of IndyMac Bank, was entirely without merit. From day one they never inte... |
nottoobigtofail.org/2014/01/13/part-of-stimulus-results-in-h... | “And part of the (economic stimulus from FED monetary policy) comes through higher house and stock prices, which causes people w... |
nottoobigtofail.org/2014/01/06/look-at-me-helpless-tortured-... | “Look at me. Helpless, tortured, shot, blown up, my best buddies all dead, and all because we were afraid of the liberals back h... |
nottoobigtofail.org/2013/12/17/public-pension-risk-to-budget... | “Public plans have historically assumed roughly an 8% rate of return. But thanks to falling yields on safe assets, pensions must... |
nottoobigtofail.org/2013/12/17/patent-law-has-become-a-burde... | “Instead of encouraging innovation, patent law has become a burden on entrepreneurs, especially startups without teams of patent... |
nottoobigtofail.org/2013/12/17/clash-at-banca-monte-dei-pasc... | “A clash between the management of Banca Monte dei Paschi di Siena SpA (The world’s oldest bank and Italy’s third largest financ... |
nottoobigtofail.org/2013/12/16/our-clients-fully-vindicated-... | “(we) worked together to fully vindicate both our clients after their lives were needlessly disrupted and their reputations were... |
nottoobigtofail.org/2013/12/13/would-you-pay-this-claim-the-... | “Would you pay this claim? The Gulf Settlement Program did.” BP |
nottoobigtofail.org/2013/12/13/mega-millions-recipe-longer-o... | “Mega Millions recipe: longer odds, bigger pots and fewer winners….Many who enrolled in health plans still await confirmation”, ... |
nottoobigtofail.org/2013/12/12/the-financial-sector-perpetua... | “The financial sector has become a self-sustaining perpetual motion machine that extracts money from the rest of the economy.” J... |
nottoobigtofail.org/2013/12/11/given-these-facts-further-reg... | “Given these facts, further regulation of the financial system through the Dodd-Frank Act was a disastrously wrong response. The... |
nottoobigtofail.org/2013/12/11/the-fed-has-leverage-about-70... | “And the Fed’s trillions in interest rate risk is supported by only $55 billion of capital; their capital is just 1.4% of assets... |
nottoobigtofail.org/2013/12/10/buy-your-own-stock-for-a-12-s... | “…you can buy your own stock (with borrowed funds) at a 14% return with a negative or zero or 1% to 2% cost of capital for at l... |
nottoobigtofail.org/2013/12/10/us-prosecutors-like-to-make-a... | “One of the problems we have in the United States is that prosecutors like to make a name for themselves and they all try to dis... |
nottoobigtofail.org/2013/12/04/so-what-is-it-with-the-norweg... | “So what is it with the Norwegians? Well, they have a kind of superiority complex.” Nobel Laureate Robert Shiller (explaining hi... |
nottoobigtofail.org/2013/12/04/you-need-to-test-irrational-t... | “If you simply announce that things are irrational, then that alone doesn’t get you very far. You have to replace rational agent... |
nottoobigtofail.org/2013/12/03/economy-whose-normal-state-de... | “Again, the evidence suggests that we have become an economy whose normal state is one of mild depression, whose brief episodes ... |
nottoobigtofail.org/2013/12/02/another-upswing-in-risky-beha... | “Now we’re seeing another upswing in risky behavior. It began surprisingly soon after the crisis, spurred on by central bank pol... |
nottoobigtofail.org/2013/12/02/erroneous-belief-that-exercis... | “The recognition of the insuperable limits to his knowledge ought indeed to teach the student of society a lesson of humility wh... |
nottoobigtofail.org/2013/12/02/mother-church-ought-to-be-cha... | “Venezuelans need a moral authority that defends their rights…they need a champion for a rule of law that will limit the power o... |
nottoobigtofail.org/2013/11/26/cfpb-fda-fdic-nsa-sec-have-fr... | “These agencies (like the CFPB, FDA, FDIC, NSA, and SEC) have assumed frightening new powers over the everyday lives of American... |
nottoobigtofail.org/2013/11/25/highlight-then-question-preva... | “Allow me to highlight—and then question—some of the prevailing wisdom at the basis of current Fed policy”, Kevin Warsh |
nottoobigtofail.org/2013/11/25/too-much-money-chasing-too-fe... | “Too much money is chasing too few assets, pure and simple. Artificially low rates deliver artificially high asset prices, accen... |
nottoobigtofail.org/2013/11/25/how-can-12-men-and-women-fine... | “How can 12 men and women sit on a committee and think they can fine-tune the economy without creating imbalances and unintended... |
nottoobigtofail.org/2013/11/25/current-legal-system-is-slowl... | “Our current civil legal system, which once was the envy of the world, is slowly destroying America, both economically and cultu... |
nottoobigtofail.org/2013/11/18/one-can-hope-to-understand-fa... | “One can hope that in a future financial crisis and there will surely be one…economists, investors, and regulators will better u... |
nottoobigtofail.org/2013/11/15/the-united-states-gets-the-ba... | “The banking system in the United States has been highly crisis-prone, suffering no fewer than 14 major crises in the past 180 y... |
nottoobigtofail.org/2013/11/13/does-amazon-have-a-special-ex... | Does Amazon Have a Special Exemption From the SEC in Complying with Securities Disclosure Laws? |
nottoobigtofail.org/2013/11/12/ask-a-us-citizen-if-governmen... | “..ask a U.S. citizen if some semi-governmental agency should control the prices of cars, morning newspapers, and wine…he would ... |
nottoobigtofail.org/2013/11/12/my-worst-fears-euro-would-be-... | “My worst fears are confirmed. This is what I was afraid of, that the euro would be preserved and it would pervert the venture a... |
nottoobigtofail.org/2013/11/11/local-banking-system-cant-han... | “It’s a common observation in the context of emerging-market financial crises that they’re often preceded by large capital inflo... |
nottoobigtofail.org/2013/11/11/the-global-economy-is-just-as... | “The global economy is just as dysfunctional now as it was before the financial crisis. Imbalances that helped fuel the crisis–i... |
nottoobigtofail.org/2013/11/08/survivorship-bias-gets-it-wro... | “The Experts Keep Getting It Wrong. And The OddBalls Keep Getting It Right.” Is This Really True, or Is it Survivorship and Outc... |
nottoobigtofail.org/2013/11/07/housing-and-other-asset-bubbl... | Should housing and other asset bubbles and busts (and related banking crises) that occurred throughout the developed world, rais... |
nottoobigtofail.org/2013/11/07/taking-aim-at-the-wrong-defic... | “We’ve been bouncing from investment bubble to deficit spending to offset the income that is being drained out of the economy by... |
nottoobigtofail.org/2013/11/06/what-did-central-bankers-thin... | Pre-Crisis, World Bank Data Shows That Iceland Grew Its Money Supply 5.4 Times Faster Than Its GDP Growth! Spain 4.9 Times! The ... |
nottoobigtofail.org/2013/11/05/booms-and-busts-whenever-cent... | “Booms and Busts Around the World Happen Whenever Central Banks Tighten or Loosen Monetary Policy.” John Mauldin |
nottoobigtofail.org/2013/11/05/it-all-fell-apart-it-upended-... | “It all fell apart, in the sense that not a single major forecaster of note or institution caught it (predicted the financial cr... |
nottoobigtofail.org/2013/11/04/foreign-trade-and-investment-... | Foreign Trade and Investment Imbalances Were a Major Cause of the U.S. and Global Financial Crisis. They Remain a Huge Unaddress... |
nottoobigtofail.org/2013/11/04/monetary-policy-can-prevent-m... | “The first and most important lesson that history teaches about what monetary policy can do….and it is a lesson of the most prof... |
nottoobigtofail.org/2013/10/29/the-evidence-against-fan-and-... | “The evidence against Fan and Fred is voluminous, but the feds want to whitewash Washington’s role in the panic.” |
nottoobigtofail.org/2013/10/28/low-rate-policies-prompt-dici... | The Fed’s Low-Rate Policies Prompt Investors to Make Dicier Tech Bets; Just Like They Did in The Dot-Com and Housing Bubbles/Bus... |
nottoobigtofail.org/2013/10/22/does-jp-morgan-have-exemption... | Does JP Morgan Have a Special Exemption from the SEC in Complying with Securities Disclosure Laws Too? |
nottoobigtofail.org/2013/10/21/does-goldman-sachs-have-speci... | Does Goldman Sachs Have a Special Exemption from the SEC In Complying with the Securities Disclosure Laws? |
nottoobigtofail.org/2013/10/21/gruenberg-admits-they-had-no-... | FDIC Chair Gruenberg Stunningly Admits That Prior to the Financial Crisis They Had No Plans To Address a Big Bank Failure! |
nottoobigtofail.org/2013/10/21/in-a-post-dodd-frank-world-ba... | “In a post Dodd-Frank world, banks are public utilities and no CEO can afford to resist government’s demands.” |
nottoobigtofail.org/2013/10/18/im-glad-im-able-to-be-the-per... | “I’m glad I’m able to be the person who can afford to stand up to them. I don’t want anything from the SEC; except them to act l... |
nottoobigtofail.org/2013/10/15/indias-central-bank-head-warn... | India’s New Central Bank Head Warns the Fed to Pay More Attention to the Global Consequences of Their Actions |
nottoobigtofail.org/2013/10/04/rickards-student-loans-new-su... | “(Federal) Student loans are the new subprime; were talking about hundreds of billions of (government) losses…”, Jim Rickards |
nottoobigtofail.org/2013/10/02/hudfha-violated-statute-impro... | Federal Judge Rules HUD/FHA Violated Reverse Mortgage Statute by Improperly Directing Lenders to Foreclose on Elderly Widows!!! |
nottoobigtofail.org/2013/10/01/another-epic-credit-bubble/ | We are back in another ‘epic credit bubble’ according to Blackstone; who is the Fed/government going to blame this time when it ... |
nottoobigtofail.org/2013/10/01/insidious-fed-monetary-policy... | “Monetary policy (set by central bankers like the Fed) insidiously plays with our time preferences and our very ability to engag... |
nottoobigtofail.org/2013/09/27/they-believe-flooding-the-wor... | “They (central bankers) believe that flooding the world with money will somehow solve the very problems that such interventionis... |
nottoobigtofail.org/2013/09/27/the-fed-in-good-measure-is-th... | “…the Fed in good measure is the source of risk”, Jim Grant, Founder and Editor Grant’s Interest Rate Observer |
nottoobigtofail.org/2013/09/26/interaction-between-fed-risk-... | “There is an Interaction Between The Monetary Excesses (by the Fed) and Risk-Taking Excesses; Rapidly Rising Housing Prices and ... |
nottoobigtofail.org/2013/09/25/a-free-capitalist-company-be-... | “So if we want them (banks) to be a free capitalist company, they have to be able to fail. If we don’t, we might as well treat t... |
nottoobigtofail.org/2013/09/24/we-believe-the-government-des... | “…We believe that the government deserves quite a lot of the blame for getting our financial system and our nation into trouble ... |
nottoobigtofail.org/2013/09/24/could-breakdown-have-been-pre... | “Could the breakdown that so devastated global financial markets have been prevented? I very much doubt it.” Alan Greenspan, Feb... |
nottoobigtofail.org/2013/09/24/with-nominal-interest-rates-h... | “With nominal interest rates around 6% and inflation around 6% (in 2004), the real interest rate was near zero, so household bor... |
nottoobigtofail.org/2013/09/20/your-no-1-client-is-the-gover... | “Your No. 1 Client is the Government” |
nottoobigtofail.org/2013/09/19/its-not-politically-correct-t... | It’s Not Politically Correct To Say, but Individuals Pursuing Their Self-Interest is Essential for Free Markets; Greed Did Not C... |
nottoobigtofail.org/2013/09/19/the-simple-explanations-for-t... | The Simple Explanations for the Global Financial Crisis and Western Slowdown are Wrong |
nottoobigtofail.org/2013/09/18/five-years-later-dont-mention... | Five Years Later: Don’t Mention the Feds |
nottoobigtofail.org/2013/09/18/unbelievably-the-governments-... | Unbelievably, the Government’s National Statistical Rating Agency Problem Remains Unsolved!!! |
nottoobigtofail.org/2013/09/17/no-down-payment-required-for-... | No Down Payment Required (for home mortgages) in Latest Government QRM Proposal!!! |
nottoobigtofail.org/2013/09/10/one-thousand-one-hundred-and-... | One Thousand One Hundred and Forty Seven Pages: My Entire Sworn Testimony Before the SEC Staff |
nottoobigtofail.org/2013/09/04/the-porridge-was-too-hot-now-... | The Porridge was Too Hot. Now it’s Too Cold. Only Wise Government Knows When It’s Just Right!!! |
nottoobigtofail.org/2013/04/23/mbia-dismisses-lawsuit-agains... | MBIA Dismisses Lawsuit Against M. Perry and Others |
nottoobigtofail.org/2013/03/13/the-securities-and-exchange-c... | The Securities and Exchange Commission v. The State of Illinois |
nottoobigtofail.org/2013/03/01/in-the-great-american-traditi... | Did You Know A Government Official Can Intentionally Defame a Private, U.S. Citizen and Not Be Held To Account? They Have Sovere... |
nottoobigtofail.org/2013/02/26/is-fha-a-home-wrecker/ | Is FHA “A home wrecker”? |
nottoobigtofail.org/2013/02/26/hud-and-fhas-single-family-mu... | HUD/FHA is Not More Capable or Noble Than Their Private Sector Counterparts |
nottoobigtofail.org/2013/02/07/m-perrys-general-views-about-... | “Never Explained is Why Some Were Bailed Out and Some Were Not.” |
nottoobigtofail.org/2013/02/04/resolution-of-all-government-... | Resolution of All Government Civil Litigation Re. M. Perry: Summarized |
nottoobigtofail.org/2013/01/29/m-perrys-general-views-about-... | “Each of the actors: bankers, politicians, the poor, foreign investors, economists, and central bankers did what they thought wa... |
nottoobigtofail.org/2013/01/29/discussion-of-indymac-banks-2... | Discussion of IndyMac Bank’s 2007 Safety and Soundness Regulatory Examination |
nottoobigtofail.org/2013/01/14/m-perrys-general-views-about-... | “Many People Like Cheap Moralizing…In the West, Intellectuals Like to Blame the Markets” |
nottoobigtofail.org/2013/01/09/fdic-settlement-documents-and... | FDIC Settlement Documents and M. Perry’s Comments Re. Settlement |
nottoobigtofail.org/2013/01/03/indymacs-credit-quality-perfo... | IndyMac’s (Credit Quality) Performance as a Loan Originator |
nottoobigtofail.org/2013/01/02/informal-mortgage-industry-ta... | “Informal Mortgage Industry Talk By Michael Perry” |
nottoobigtofail.org/2013/01/02/indymac-bank-omg-not-tbtf/ | “IndyMac Bank OMG Not TBTF” |
nottoobigtofail.org/2012/09/27/sec-settlement-documents-and-... | SEC Settlement Documents and M. Perry’s Attorney’s Comments Re. Settlement |
nottoobigtofail.org/2012/09/24/u-s-judge-manuel-l-reals-sign... | U.S. Judge Manuel L. Real’s Signed “Order Granting Partial Summary Judgment in Favor of Perry on SEC’s Risk-Weighting and Sectio... |
nottoobigtofail.org/2012/09/10/transcript-of-2nd-partial-sum... | Transcript of 2nd Partial Summary Judgment Motion Hearing Before Judge Real |
nottoobigtofail.org/2012/08/30/the-truth-is-emerging-despite... | The Truth is Emerging Despite the SEC’s Attempts to Conceal It. |
nottoobigtofail.org/2012/08/30/i-think-the-sec-is-engaging-i... | I think the SEC is engaging in denialism in their statements to the Court. |
nottoobigtofail.org/2012/08/29/how-about-this-recent-sec-sta... | How about this recent SEC Statement to the Court; is it misleading? I think so. |
nottoobigtofail.org/2012/08/28/are-these-recent-sec-statemen... | Are these recent SEC Statements to the Court inaccurate or misleading? I think so. |
nottoobigtofail.org/2012/08/28/status-update-on-sec-vs-micha... | Status update on SEC vs. Michael W. Perry |
nottoobigtofail.org/2012/08/24/excerpt-from-michael-w-perrys... | Excerpt from Michael W. Perry’s Sworn SEC Testimony |
nottoobigtofail.org/2012/08/23/supplemental-brief-in-support... | Supplemental Brief in Support of M. Perry’s 2nd Motion for Partial Summary Judgment in SEC Matter |
nottoobigtofail.org/2012/07/02/reply-in-support-of-m-perrys-... | Reply in Support of M. Perry’s Motion for Partial Summary Judgment: SEC’s Risk Weighting and 17(a)(2) Claims |
nottoobigtofail.org/2012/06/13/m-perrys-motion-for-partial-s... | M. Perry’s Motion for Partial Summary Judgment: SEC’s Risk-Weighting and Section 17 (a)(2) Claims |
nottoobigtofail.org/2012/05/31/judge-manuel-l-reals-signed-o... | U.S. Judge Manuel L. Real’s Signed “Order Granting Partial Summary Judgment in Favor of Perry and Keys” |
nottoobigtofail.org/2012/05/31/judge-manuel-l-reals-signed-f... | U.S. Judge Manuel L. Real’s Signed “Findings of Uncontroverted Facts and Conclusions of Law” |
nottoobigtofail.org/2012/05/25/m-perrys-motion-in-limine-to-... | M. Perry’s Motion in Limine to Exclude Testimony of Professor Anthony Saunders |
nottoobigtofail.org/2012/05/25/m-perry-motion-in-limine-to-e... | M. Perry’s Motion in Limine to Exclude Analyst Testimony |
nottoobigtofail.org/2012/05/21/transcript-of-partial-summary... | Transcript of Partial Summary Judgment Motion Hearing Before Judge Real |
nottoobigtofail.org/2012/05/18/m-perrys-memorandum-of-conten... | M. Perry’s Memorandum of Contentions of Fact and Law |
nottoobigtofail.org/2012/05/07/reply-memorandum-in-support-o... | Reply Memorandum in Support of M. Perry’s Motion for Partial Summary Judgment |
nottoobigtofail.org/2012/04/23/former-fasb-director-macdonal... | Former FASB Director MacDonald Opines on $18 million Intercompany Payable/Receivable at March 31, 2008 |
nottoobigtofail.org/2012/04/23/ftis-beloreshki-opines-on-200... | FTI’s Beloreshki Opines on 2008 DSPP Stock Issuance/Impact on Book Value |
nottoobigtofail.org/2012/04/06/former-ots-regional-director-... | Former OTS Regional Director Vigna Opines on Disclosure of Various Regulatory Matters |
nottoobigtofail.org/2012/04/06/former-sec-chief-economist-le... | Former SEC Chief Economist Lehn Opines on Materiality of SEC Allegations and Defendants’ Intent |
nottoobigtofail.org/2012/04/06/former-sec-commissioner-fleis... | Former SEC Commissioner Fleischman Opines on Indymac’s Disclosure Controls |
nottoobigtofail.org/2012/04/06/m-perrys-motion-for-partial-s... | M. Perry’s Motion for Partial Summary Judgment |
nottoobigtofail.org/2011/11/30/m-perrys-responses-to-secs-fi... | M. Perry’s Responses to SEC’s First Set of Interrogatories |
nottoobigtofail.org/2011/11/21/secs-responses-to-m-perrys-fi... | SEC’s Responses to M. Perry’s First Set of Interrogatories |
nottoobigtofail.org/2011/09/29/m-perrys-motion-to-dismiss-fd... | M. Perry’s Motion to Dismiss FDIC Complaint |
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nottoobigtofail.org/2018/08/ | August 2018 |
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nottoobigtofail.org/2018/05/ | May 2018 |
nottoobigtofail.org/2018/04/ | April 2018 |
nottoobigtofail.org/2017/09/ | September 2017 |
nottoobigtofail.org/2017/08/ | August 2017 |
nottoobigtofail.org/2017/07/ | July 2017 |
nottoobigtofail.org/2017/06/ | June 2017 |
nottoobigtofail.org/2017/05/ | May 2017 |
nottoobigtofail.org/2017/04/ | April 2017 |
nottoobigtofail.org/2017/03/ | March 2017 |
nottoobigtofail.org/2017/02/ | February 2017 |
nottoobigtofail.org/2017/01/ | January 2017 |
nottoobigtofail.org/2016/12/ | December 2016 |
nottoobigtofail.org/2016/11/ | November 2016 |
nottoobigtofail.org/2016/10/ | October 2016 |
nottoobigtofail.org/2016/09/ | September 2016 |
nottoobigtofail.org/2016/08/ | August 2016 |
nottoobigtofail.org/2016/07/ | July 2016 |
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nottoobigtofail.org/2016/05/ | May 2016 |
nottoobigtofail.org/2016/04/ | April 2016 |
nottoobigtofail.org/2016/03/ | March 2016 |
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nottoobigtofail.org/2016/01/ | January 2016 |
nottoobigtofail.org/2015/12/ | December 2015 |
nottoobigtofail.org/2015/11/ | November 2015 |
nottoobigtofail.org/2015/10/ | October 2015 |
nottoobigtofail.org/2015/09/ | September 2015 |
nottoobigtofail.org/2015/08/ | August 2015 |
nottoobigtofail.org/2015/07/ | July 2015 |
nottoobigtofail.org/2015/06/ | June 2015 |
nottoobigtofail.org/2015/05/ | May 2015 |
nottoobigtofail.org/2015/04/ | April 2015 |
nottoobigtofail.org/2015/03/ | March 2015 |
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nottoobigtofail.org/2015/01/ | January 2015 |
nottoobigtofail.org/2014/12/ | December 2014 |
nottoobigtofail.org/2014/11/ | November 2014 |
nottoobigtofail.org/2014/10/ | October 2014 |
nottoobigtofail.org/2014/09/ | September 2014 |
nottoobigtofail.org/2014/08/ | August 2014 |
nottoobigtofail.org/2014/07/ | July 2014 |
nottoobigtofail.org/2014/06/ | June 2014 |
nottoobigtofail.org/2014/05/ | May 2014 |
nottoobigtofail.org/2014/04/ | April 2014 |
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nottoobigtofail.org/2013/12/ | December 2013 |
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nottoobigtofail.org/2011/11/ | November 2011 |
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nottoobigtofail.org/2001/12/ | December 2001 |
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Domain Name:NOTTOOBIGTOFAIL.ORG
Domain ID: D162587135-LROR
Creation Date: 2011-06-22T15:18:43Z
Updated Date: 2014-08-22T01:19:41Z
Registry Expiry Date: 2016-06-22T15:18:43Z
Sponsoring Registrar:Wild West Domains, LLC (R120-LROR)
Sponsoring Registrar IANA ID: 440
WHOIS Server:
Referral URL:
Domain Status: clientDeleteProhibited
Domain Status: clientRenewProhibited
Domain Status: clientTransferProhibited
Domain Status: clientUpdateProhibited
Domain Status: renewPeriod
Registrant ID:CR86376557
Registrant Name:Michael Perry
Registrant Organization:
Registrant Street: 99 Pasadena Ave
Registrant City:South Pasadena
Registrant State/Province:California
Registrant Postal Code:91030
Registrant Country:US
Registrant Phone:+1.6264379670
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email:wmscott5@yahoo.com
Admin ID:CR86376559
Admin Name:Michael Perry
Admin Organization:
Admin Street: 99 Pasadena Ave
Admin City:South Pasadena
Admin State/Province:California
Admin Postal Code:91030
Admin Country:US
Admin Phone:+1.6264379670
Admin Phone Ext:
Admin Fax:
Admin Fax Ext:
Admin Email:wmscott5@yahoo.com
Tech ID:CR86376558
Tech Name:Michael Perry
Tech Organization:
Tech Street: 99 Pasadena Ave
Tech City:South Pasadena
Tech State/Province:California
Tech Postal Code:91030
Tech Country:US
Tech Phone:+1.6264379670
Tech Phone Ext:
Tech Fax:
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Tech Email:wmscott5@yahoo.com
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Name Server:NS2.WORDPRESS.COM
Name Server:
Name Server:
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Access to Public Interest Registry WHOIS information is provided to assist persons in determining the contents of a domain name registration record in the Public Interest Registry registry database. The data in this record is provided by Public Interest Registry for informational purposes only, and Public Interest Registry does not guarantee its accuracy. This service is intended only for query-based access. You agree that you will use this data only for lawful purposes and that, under no circumstances will you use this data to(a) allow, enable, or otherwise support the transmission by e-mail, telephone, or facsimile of mass unsolicited, commercial advertising or solicitations to entities other than the data recipient's own existing customers; or (b) enable high volume, automated, electronic processes that send queries or data to the systems of Registry Operator, a Registrar, or Afilias except as reasonably necessary to register domain names or modify existing registrations. All rights reserved. Public Interest Registry reserves the right to modify these terms at any time. By submitting this query, you agree to abide by this policy.
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Sitemap: https://nottoobigtofail.org/sitemap.xml
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Disallow: /wp-login.php
Disallow: /activate/ # har har
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Disallow: /mshots/v1/
Disallow: /next/
Disallow: /public.api/
User-agent: IRLbot
Crawl-delay: 3600
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