Not Always Dismal

Feb 10, 2010 • Thinking Economically • 114 Views    No Comments

From assorted sources, I share the following:
1. Poetry on the housing crisis from Karl Case (the Case in Case-Shiller Home Price Index)
An excerpt:
Fannie and Fred were always ahead,
Then Countrywide got in the fray.
Then Lehman and Merrill and Goldman Sachs
Couldn’t be kept away.
You can guess that MBS
Helped make the trading brisk.
Investors thought that the paper they bought
Was traunched with well-measured risk.
To that, add leverage and default swaps,
http://www.pbs.org/newshour/updates/business/jan-june10/case_02-04.html

2. From Yoram Bauman (an economist/comedian), some economic humor:
Knock knock.
Who

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