Who cares about that Nardelli guy? This strikes me as a far more interesting hire by Chrysler/Cerberus:
James Press, the former head of Toyota’s North American operations, has been hired by Chrysler. He will share the titles of vice chairman and president with former Chrysler chief executive Tom LaSorda.
“Tom LaSorda and I are thrilled
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From an article in this morning’s NYT about proposed legislation on the way from the chairmen of the House and Senate banking committees:
The Democratic proposals would attack several practices that advocacy groups for low-income homeowners have singled out. The first is prepayment penalties, which are rare for borrowers with good credit
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So there’s apparently this blogger who outs politicians. I’m probably the last person who’s heard of Mike Rogers and his blog, BlogActive. He’s gaining mainstream notoriety because he was the first to home in on Sen. Larry Craig for his anti-gay stances in this October 2006 post.
Some might say the personal lives of politicians are off …
We’ve had some chatter here about when financial regulation is called for and when it isn’t. Now the Roger Federer of economic pundits, the FT’s Martin Wolf, has weighed in on the topic:
… what does this event imply for the future of regulation? It is important to distinguish two objectives. One is to protect innocents. The investors
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Try Moira Cameron’s–she’s the first woman to guard the Tower of London in 522 years.
My family just got back from holiday in London. We took my mother-in-law, an ardent Anglophile who had never before been. She and my husband took in a day at the Tower, where they were guided by a yeoman of performance skills rivaling Albert Finney’s …
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 anything else …
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
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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
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My new column is up online, and in the issue of Time with Rosie the Peace Corps Conscriptee on the cover. It begins:
The last big mortgage debacle, the savings-and-loan crisis, was made mostly in Washington. The S&Ls were required by law to borrow short (via savings deposits) and lend long (via 30-year, fixed-rate mortgages). When that
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An important public service message from the Curious Capitalist (photo by Mrs. CC):
There are signs like this all over the Bay area. Have been for weeks. The Chronicle reports that Caltrans is spending close to $1 million to warn people. I’m very curious as to how many will nonetheless be shocked and surprised when they try to get …
The indispensable Greg Ip, in today’s W$J, tries to explain what makes the Bernanke approach different from the Greenspan one:
The Fed historically has had two major economic duties. Maintaining financial stability is one. Controlling inflation while preventing recession is the other.
To Mr. Greenspan, market confidence and the
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My post Tuesday on the evils of teaser-rate mortgages engendered a lot of comment. This probably had less to do with the actual content of the post than with the fact that it was linked to on the CNNMoney home page, but whatever. It’s a topic folks are interested in these days, for good reason.
Now Harvard economist David Laibson, whom …
