I went to a Sun Microsystems presentation for Wall Street analyst types this morning. I don’t often attend such events, and one could argue that, having already written one blog post about the company this year, I have dramatically overcovered it relative to the rest of corporate America. But they invited me, I didn’t have [...]
The David Laibson plan for doing away with misleading teaser-rate mortgages (ban prepayment penalties, he says), introduced in this blog last week, has been getting some attention from econobloggers. It has also generated this appalled response from self-proclaimed “real-world libertarian” Kip Esquire: It takes a special kind of arrogant, “central planner wannabe” mentality to insist [...]
The FT has an intriguing interview with Jean-Pierre Mustier, chief executive of Societe Generale’s corporate and investment banking division: Mr Mustier reckons that credit conditions will normalise at around the level they were late in 2004. This means that private equity groups will be able to borrow to finance leveraged buy-outs, but at one or [...]
