Bankruptcy

Credit Slips & the WSJ's Washington Wire

By Bob Lawless

Mary Pilon of the Wall Street Journal's Washington Wire has a post up about Elizabeth Warren's blogging here at Credit Slips. Long-time readers will undoubtedly remember many of these posts highlighted there. I'll highlight two others. First, there is a post dated September 14, 2008, just after the U.S. government's bailout of Bear Stearns with some prescient comments about what the future would hold:

More bailouts will be needed, and, at some point, even the American taxpayer can't handle it. Bailouts will not put a stop to the underlying problem: we can't find a bottom in the housing market. Until that happens, the value of financial instruments based on those mortgage obligations will keep falling, and the worldwide market will keep sliding toward collapse.

Second, one of my favorite posts from Warren was this one about the distinction between facts and deductive reasoning. We used this great example in the introductory materials to our empirical methods text.

Full post as published by Credit Slips on July 27, 2010 (boomark / email).