Posted by Jonathan J. Miller -Saturday, June 26, 2010, 3:22 PM
For each week’s Eye on Real Estate Show on WOR NewsTalk Radio 710, we include a segment called “The BlogCast” where I discuss several housing related (sometimes a stretch) posts from some of my favorite blogs. They cover topics that are current, funny or simply a “must read”.
Saturday’s BlogCast covered the following blog posts:
[WSJ/Real Time Economics] Economists React to Financial Overhaul Paul Ashworth of Capital Economics writes: Many of the provisions in the bill would help to reduce the risk of an identical crisis developing… Unfortunately, as the old gag goes, if you’ve seen one financial crisis you’ve seen one financial crisis… The financial overhaul bill will not prevent the future mispricing of assets nor will it prevent speculators of all types borrowing money. Nevertheless, the bill should help to ensure that in future commercial banks aren’t the ones taking the speculative risks. The concern is they are protecting us from something that already happened when next time it will likely be different.
[The Mess That Greenspan Made] Punish the Strategic Defaulters! It’s not hard to understand the motivation behind Fannie Mae’s announcement that they intend to punish homeowners who walk away from their underwater properties…The new direction seems to run counter to the Obama administration’s efforts to reinvigorate the housing market.
[Minyanville] Why Weathermen Get It Right More Often Than Analysts No problem in judgment and decision making is more prevalent and more potentially catastrophic than overconfidence…Although both groups of experts (weatherman and financial analysts) revealed the overconfidence effect, this effect was significantly higher among financial analysts than among the weather forecasters.
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