It the doesn't say anything new, but it does an impressive job of marshaling facts about the CDO markets - the author hand-collected a data set on over 700 CDO deals, and provides a wealth of information.
What's more, she did it within a semester's time.
HT: Marginal Revolution
Last night, after making the obligatory pass through the Oregon District (a very funky place, with everything from art galleries to martial arts dojos (practicing with katanas) to peep shows), I went to my room to work on class stuff - my students are getting a video presentation on MBS pass-throughs to watch while I'm gone.
In the meanwhile, since it's spring training season, I give you this classic but still funny piece (complete with a mention of a lesser-known greek figure about 2:17).
Unfortunately, they shave parts of the chest to make sure that the leads for the EKG have good contacts. And I am, shall we say, a bit on the hirsute side (kind of like saying Ed "Too Tall" Jones is too tall). So I came home with a few patches missing.
I took the clippers to the rest, and now I have nubs. TMI, for sure. But I'm all about the sharing.
I now have more sympathy for my wife.
Last August, the University of Chicago Magazine asked Allen Sanderson to create an NCAA-like tournament with four regions, brackets and seeded teams. But instead of a field comprised of basketball squads, this one - dubbed "Market Madness" - was to contain 16 competitive factors contributing to the global financial meltdown of the last two years. (Their only constraint was that The Chicago School of Economics had to be a competitor.)Read the whole thing here
To get started, each "team" got a name and a brief description as to why it was included in the tourney. Chicago Alumni and friends then participated in on-line voting in Autumn 2009 to select their personal or preferred outcomes for each of the match-ups, which moved from the "Sweet 16" to the "Elite 8," and then to the "Final Four" and the ultimate winner (that is, the person or thing most responsible for the financial crisis and recession).
With permission from the University of Chicago Magazine, the AEA was pleased to offer its members a chance to fill out their own brackets and submit their entries and pick an ultimate "champion." Below you will find the four named regions, the four competitors in each region, and a brief introduction to each team.
Voting is now closed, and here are the results! (click here for a larger version)
HT: Barry Barnitz
In other words, a typical guy. But lately, they've been trying to rehabilitqate him by making him eat more fruits and vegetables (he now sings " A Cookie is a Sometime Thing". Were Jonathan here, he'd agree with the unknown daughter - "Dad, that's just wrong in so many ways".
So, in Jonathan's honor, I give you what Cookie Monster says in an unguarded moment:
I still suspect some One Flew Over The Cuckoo's nest type action - look for the scars.