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Comments on: Quote 12: Michael Lewis on incentives in Wall Street http://www.tvhe.co.nz/2008/11/29/quote-12-michael-lewis-on-incentives-in-wall-street/ The Visible Hand in Economics Wed, 17 Dec 2008 04:32:36 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: John http://www.tvhe.co.nz/2008/11/29/quote-12-michael-lewis-on-incentives-in-wall-street/#comment-4439 Wed, 17 Dec 2008 04:32:36 +0000 http://tvhe.wordpress.com/?p=2092#comment-4439 Opinion: An open letter to Bernard Hickey on de-leveraging

“I cover this within a recent article Scoop: Housing Bubbles: Learning To Grow Up, where I draw readers attention to a very perceptive article by Michael Lewis on Portfolio Com The End of Wall Street’s Boom – National Business News – Portfolio.com – which should be read very closely. Note – it was the guys in the finance sector (and very few of them) who realized that housing markets that exceeded three times household income was THE major problem – and they wisely took steps to protect – and indeed profit – from this.”
http://www.interest.co.nz/ratesblog/index.php/2008/12/15/opinion-an-open-letter-to-bernard-hickey-on-de-leveraging/

Do you see the rationale in Hugh Pavletich’s take on this article (cause/ effect) Matt?

]]> By: Matt Nolan http://www.tvhe.co.nz/2008/11/29/quote-12-michael-lewis-on-incentives-in-wall-street/#comment-3784 Sun, 07 Dec 2008 21:32:55 +0000 http://tvhe.wordpress.com/?p=2092#comment-3784 “I like the bit where they get a chemical engineer with an MBA to try and figure out the CDO’s(?) and he can’t make head or tail of them.”

Indeed – that was a winner 🙂

]]> By: John http://www.tvhe.co.nz/2008/11/29/quote-12-michael-lewis-on-incentives-in-wall-street/#comment-3783 Tue, 02 Dec 2008 09:03:32 +0000 http://tvhe.wordpress.com/?p=2092#comment-3783 I like the bit where they get a chemical engineer with an MBA to try and figure out the CDO’s(?) and he can’t make head or tail of them.

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