Archive for October 2nd, 2008

The New Reagan?

Andy Spero | October 2, 2008 | 0 Comment(s) |

After watching the Vice Presidential Debate, the chairman mentions that in many ways, Mrs. Palin reminds her of President Ronald Reagan.

We agreed–particularly that ability to genuinely and warmly smile at the person while excoriating them.

“There you go, again.”

By the way, when did everything, including everything discussed at the kitchen table, become the government’s responsibility?  And, do you, dear reader, really what the government solving all of your problems?  We tend to think that it creates more problems, and knottier problems, when it tries.  Anyone ever hear… Read the rest

Idiosyncratic and Concentration Risk, Again.

Andy Spero | October 2, 2008 | 0 Comment(s) |

It is already Thursday, and we’re just getting around to writing about a few articles in Wednesday’s (October 1) edition of The Wall Street Journal.  They are worth mentioning because they are closely related to our post on Tuesday, Bigger Is Not Necessarily Better, which warns about additional concentration risk as the largest banks continue to grow larger.

One is a very small article in Deal Journal, entitled Big-Bank View: Getting Bigger! that we can’t find online and… Read the rest