The Profit Motive August 13
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KPIG Radio May 13 Audio
The Profit Motive May 13
KPIG Radio May 10 Audio
The Profit Motive May 10
Did Credit Market Policies Cause the Housing Bubble?
An interesting discussion of the causes of the excessive residential price appreciation during the boom years. GlaeserGFCPaper2010 Source: Did Credit Market Policies Cause the Housing Bubble? May 2010 By Edward L. Glaeser (Harvard University) , Joshua Gottlieb (Harvard University), and Joseph Gyourko (Wharton School, University of Pennsylvania) And The Rappaport Institute for Greater Boston and [...]
KPIG Radio May 5th Podcast
KPIG Radio May 5th Podcast
Friend Needs Work
Jim’s a great guy with tons of experience, the economy bad luck and misfortune finds him in difficult times. If you could use his services give him a call. Caleb Lawrence After a serious brain injury from a hit and run bicycle accident, no insurance and then losing all of his consulting gig with Merrill [...]
No One Is to Blame for Anything
Frank Rich hits the nail on the head regarding accountability and being responsible for ones actions. As the parade of executives, regulators and interested parties to this fiasco continue claim that they didn’t know and that nobody saw it coming. BS! Anybody who was reasonably intelligent and paying attention could see this coming, I warned [...]
Frank Portnoy provides a great lesson in modern and historical finance!
Our tax Dollars go down the rat hole to prop up failed institutions that engage in creative accounting rendering the whole idea of transparency laughable. 2-Years after the meltdown we still don’t have real financial reform and for the banks its business as usual. The collusion between Wall Street and Washington DC must end or [...]
Principal Writedowns and the Fake Stress Test
More fun with creative accounting… Some excerpts below: A letter written by Barney Farnak head of the Financial Services Committee to the 4 largest banks contained the following two paragraphs. Many investors in first-lien mortgages have indicated that they are willing to accept the fact of significant losses on those investments in order to move [...]
Hi and welcome to The Profit Motive, I’m your host Caleb Lawrence. Once upon a time in America the media acted as the watchdog of the corporations and the state. In the modern era it’s all about ratings and profits, opinion has been substituted for news and frequently is presented as fact. Much like my daily radio show on KPIG 107.5 FM in Santa Cruz California and KPYG FM 94.9 Cayucos/San Luis Obispo California. A thousand Blogs were able to spot the current problems and many began discussing it years before it reached crises proportions. While there were exceptions, and these exceptions are becoming more common, the mainstream media failed to get it and largely continue to do so.
