Pender

Recent Comments

  1. 1
    Posted 2010-04-13 10:46:56 on Area Credit Suisse Employee Chose…Unwisely? (Update)

    You fuckers really work in cubicles like that? New York law firms give all of their associates window offices with a door...

  2. 2
    Posted 2008-02-15 20:04:15 on (One Of) You Asked For It

    Less casual homophobia please.

  3. 3
    Posted 2008-02-15 20:00:58 on Stick Figures Explain CDOs and Subprime

    Phenomenal. I like the RSG guy's posture in the last couple of slides. Dear author: please keep adding slides every time another wheel falls of the wagon. It's already a little behind. I was hoping for some stuff on student loans and on the recent auction failures.

  4. 4
    Posted 2007-11-07 00:34:23 on Too Big To Be Deregulated?
    As Big Banks Teeter On Edge Of Abyss, Government Regulation May Rise Again

    So... bear with me, but what happens if we just go ahead and let these banks fail? This whole TBTF business is really just borrowing against the future in the form of bad incentives. Wouldn't life go on if Citigroup collapsed?

  5. 5
    Posted 2007-10-24 19:36:53 on Unwrapping The Chocolate Wars

    Yeah, Carney's way off base here. The consumer doesn't know enough to research every label -- and for that matter he doesn't even know that "cacao butter" is the sine qua non of chocolate. It makes sense for the government to clarify things and protect the consumer from -- watch this -- the collective action problem that comes from same sort of rational apathy that justifies weak shareholder voting rights. (Wasn't that good?) Here's another great analogy: the difference between cubic zirconium and diamond. Caveat emptor if the buyer doesn't read the fine print and see that it's really a cheaper diamond substitute! If the consumers don't like it, they will ignore the cubic zirconium products anyway, right? So no problem calling them diamonds.