Houston-based Oxford “is a publicly traded Asset Resolution company specializing in the purchase and management of individual and bulk loan portfolios consisting primarily of Sub-Performing, and Non-Performing Residential and Commercial loans.” I went to its website after reading a post at Calculated Risk about Oxford buying a bunch of mortgages from an unnamed bankrupt lender [...]
In today’s FT, Harvard economist Ricardo Hausmann gives the Fed and this entire nation of whiners we live in a scolding: [M]acroeconomic policy should not be based on a panicky attempt to avoid a 2008 recession at all costs but on a forward-looking strategy that achieves the needed reduction in consumption at the lowest cost [...]
