Archive for the ‘Blog Posts’ Category

More on Subprime Lending Policies from the Feds

More on Subprime Lending Policies from the Feds

By The Banker | Blog Posts, Texas

Editor’s Note: A (shorter and less conversational) version of this post appeared earlier today in the San Antonio Express News. An official from the Department of Housing and Urban Development (HUD) responded last week to disagree with my article two weeks ago in which I claimed that Secretary Julian Castro supported subprime lending, in his [&hellip

SIGTARP is Back! Be Mad Again. And Happy

SIGTARP is Back! Be Mad Again. And Happy

By The Banker | Blog Posts

My favorite government watchdog of all time, SIGTARP[1], The Norse God of Financial Accountability, recently published another great critique of Treasury’s handling of TARP rules, this one about executive compensation within bailed out firms. SIGTARP is a favorite of mine because they point out mistakes and errors with the TARP program. At its best, SIGTARP [&hellip

529 Accounts v. Retirement Accounts

529 Accounts v. Retirement Accounts

By The Banker | Blog Posts, How Not To Invest, Investing

A version of this post appeared today in the San Antonio Express News. People who give financial advice – like me – can be so annoyingly contradictory sometimes. Some friends of mine with young kids – like me – asked me recently to look over their investment plans, and to give them my opinion on [&hellip

Michael Lewis Still Says It Better Than Anyone

Michael Lewis Still Says It Better Than Anyone

By The Banker | Blog Posts, Wall Street

When Bankers Anonymous hands out its annual awards for the best “recovering banker” essays of the year, the black tie crowd typically goes on chattering amongst themselves, unheeding the speaker at the stage holding the golden microphone trophies. Why? Becuase they know that Michael Lewis will win the best essay trophy once again. Like clockwork. It’s [&hellip

Gross to Janus - Wait, What?!?!

Gross to Janus – Wait, What?!?!

By The Banker | Blog Posts, Investing, Wall Street

This makes zero sense. PIMCO founder Bill Gross will join Janus Funds? If you founded and built the largest bond fund company in the world, If your name is synonymous with that company, If you are the rockstariest rockstar of bond managers (if such a thing can exist), Why would you ever quit that firm [&hellip