Miami Fly overnight from Lima to Miami one has the opportunity to wait in the airport for quite a bit to get to New Orleans, which today presented the opportunity to read about the travails of Eliot Spitzer over and over again. The most frightening article was not about the soon-to-be former governor’s mishaps, …
Category: Financial Justice
Recession Lite
New York City Last night at the Citi Dialogues with a mix of bank executives and community based and development organizations, we listened to the chief economist for the bank give us his view of the world. He had just stepped off a plane from china but the discussion was focused on the states. …
Write Down Rent with Risk
New York Pinch me, I can’t believe it is happening! The Chairman of the Federal Reserve is everything but calling for write downs of the loan principle by the big banks and others to prevent foreclosures. Which is to say that in these broad hints, Bernanke is actually trying to open the door …