Here's the latest from 1600 Penn. Ave. regarding reform of the evil and seditious financial system in this country.
http://online.wsj.com/article/SB124524649229423271.html
The actual proposal is here:
http://online.wsj.com/public/resources/documents/finregfinal06172009.pdf
(or online at the White House I guess).
I just cruised through it quickly, and I could only find the word "subprime" used to connect to the weathered accusations that "predatory lenders" caused the recent housing problem. No mention of Freddie or Fannie activities promoting securitization of subprime to the detriment of portfolio risk, or the expansion of the housing market in response to political initiatives.
In fact, the proposal includes a couple of paragraphs (no sources cited) that tell us how CRA can't be blamed for subprime, etc. I guess if a lie is repeated often enough, it becomes truth. (And yes, I've looked into who REALLY said that, and I'm not sure I believe the IntraWeb, so I won't cite anyone here.)
Unfortunately, the thrust of this effort is to reign in 25 years of helpful broadening of the banking system by folks who don't really understand how things work. Diversification, geographic and otherwise, is necessary for financial stability. What ISN'T necessary is a Congress and/or administration trying to hand out money based on demographics and not repayment ability.
That's just one person's opinion, of course.
Wednesday, June 17, 2009
Tuesday, May 19, 2009
From Dick and Betty Ward (my uncle and aunt), some insight on the current Wall Street & banking mess:
A young boy enters a barber shop and the barber whispers to his customer,
'This is the dumbest kid in the world. Watch while I prove it to you.'
The barber put a dollar bill in one hand and two quarters in the other, then called the boy over and asked,
'Which do you want, son? ' The boy took the quarters and left the dollar.
'What did I tell you?' said the barber. 'That kid never learns!'
Later, when the customer leaves, he sees the same young boy coming out of the ice cream store & says
'Hey, son! May I ask you a question? Why did you take the quarters instead of the dollar bill?'
The boy licked his cone and replied, 'Because the day I take the dollar, the game's over!'
A young boy enters a barber shop and the barber whispers to his customer,
'This is the dumbest kid in the world. Watch while I prove it to you.'
The barber put a dollar bill in one hand and two quarters in the other, then called the boy over and asked,
'Which do you want, son? ' The boy took the quarters and left the dollar.
'What did I tell you?' said the barber. 'That kid never learns!'
Later, when the customer leaves, he sees the same young boy coming out of the ice cream store & says
'Hey, son! May I ask you a question? Why did you take the quarters instead of the dollar bill?'
The boy licked his cone and replied, 'Because the day I take the dollar, the game's over!'
Wednesday, May 6, 2009
From @ RISK, and Palisade, FREE SEMINARS!!!!!!
Got this email today from Jaime (Johnson) Weisberg at Palisade:
I’d like to remind you about Palisade’s upcoming DecisionTools Energy Risk Forum and complimentary Academic Symposium in Houston May 21-22.
The Energy Risk Forum will be held at the Hyatt Regency on May 21. The one-day event features customer case studies and specialized software training to demonstrate how @RISK and DecisionTools risk analysis software are being used to solve real-world problems faced by the oil, gas, and energy industry.
The Academic Symposium is a free one-day event at the University of Houston on May 22nd. The symposium will demonstrate how the DecisionTools Suite can easily enable quantitative risk and decision analysis to be added into academic syllabi.
WHAT’S COVERED
Topics at the Energy Risk Forum will include:
· Hands-on software training on @RISK, PrecisionTree, and RISKOptimizer
· Cross-border pipelines and political risk
· Construction and project risk analysis
· Environmental liability estimation
· Natural gas market optimization
· Subsea oil and gas field optimization
· And more
View the full schedule and register: http://www.palisade.com/2009Conf/energy/schedule.asp
Topics at the Academic Symposium will include:
· Overview of the DecisionTools Suite 5.0
· Teaching business leaders how to make good decisions
· Selecting the right distribution for modeling
· Capital budgeting
· Capital inequities and sports wagering
· And more
View the full schedule: http://www.palisade.com/2009conf/academic/schedule.asp
There is no charge for this event. To register, please contact Jaime Weisberg: mailto: jweisberg@palisade.com or call 800-432-RISK x 311.
I’d like to remind you about Palisade’s upcoming DecisionTools Energy Risk Forum and complimentary Academic Symposium in Houston May 21-22.
The Energy Risk Forum will be held at the Hyatt Regency on May 21. The one-day event features customer case studies and specialized software training to demonstrate how @RISK and DecisionTools risk analysis software are being used to solve real-world problems faced by the oil, gas, and energy industry.
The Academic Symposium is a free one-day event at the University of Houston on May 22nd. The symposium will demonstrate how the DecisionTools Suite can easily enable quantitative risk and decision analysis to be added into academic syllabi.
WHAT’S COVERED
Topics at the Energy Risk Forum will include:
· Hands-on software training on @RISK, PrecisionTree, and RISKOptimizer
· Cross-border pipelines and political risk
· Construction and project risk analysis
· Environmental liability estimation
· Natural gas market optimization
· Subsea oil and gas field optimization
· And more
View the full schedule and register: http://www.palisade.com/2009Conf/energy/schedule.asp
Topics at the Academic Symposium will include:
· Overview of the DecisionTools Suite 5.0
· Teaching business leaders how to make good decisions
· Selecting the right distribution for modeling
· Capital budgeting
· Capital inequities and sports wagering
· And more
View the full schedule: http://www.palisade.com/2009conf/academic/schedule.asp
There is no charge for this event. To register, please contact Jaime Weisberg: mailto: jweisberg@palisade.com or call 800-432-RISK x 311.
Tuesday, May 5, 2009
Job search resource from Dr. Kevin Wooten, UHCL prof
Found on the web. Lengthy, but mostly free-standing and hugely entertaining. Enjoy!!!!!
Uploaded on authorSTREAM by aSGuest8501
Uploaded on authorSTREAM by aSGuest8501
Sunday, April 26, 2009
FMA Finance Networking Night
Financial Management Association (FMA) and Career Services held their first Finance Networking Reception in the SSCB Atrium on Thursday 4/23. There were several faculty in attendance, and 76 students participated. We had several employers on the panel, and about ten tables for leaving resumes and finding out about careers.
The employers in attendance were:
Direct Energy (Bobby Miller)*
Dynegy (Tiffany McCaa)*
Belt Harris (Mark Rubio)*
Assoc. Credit Union of Texas (Amanda Loy and April Howe)*
Lockheed Martin
First Investors*
State Farm*
JSC Federal Credit Union
INEOS
NASA Co-op and Internships in procurement
* alums
Chuck Crocker of Career Services, and Jeremy Adams, Shine Lin, Charlie Roeder & Jeff Lee of FMA worked very hard to get this organized. The idea came from Chuck, and simultaneously from Ed Waller (Finance prof and department chair for the finance folks).
Everyone is to be congratulated on such a successful turnout, and we should look forward to doing this again next year.
The employers in attendance were:
Direct Energy (Bobby Miller)*
Dynegy (Tiffany McCaa)*
Belt Harris (Mark Rubio)*
Assoc. Credit Union of Texas (Amanda Loy and April Howe)*
Lockheed Martin
First Investors*
State Farm*
JSC Federal Credit Union
INEOS
NASA Co-op and Internships in procurement
* alums
Chuck Crocker of Career Services, and Jeremy Adams, Shine Lin, Charlie Roeder & Jeff Lee of FMA worked very hard to get this organized. The idea came from Chuck, and simultaneously from Ed Waller (Finance prof and department chair for the finance folks).
Everyone is to be congratulated on such a successful turnout, and we should look forward to doing this again next year.
Results of the Finance Networking Reception
Financial Management Association (FMA) and Career Services held their first Finance Networking Reception in the SSCB Atrium on Thursday 4/23. There were several faculty in attendance, and 76 students participated. We had several employers on the panel, and about ten tables for leaving resumes and finding out about careers.
The employers in attendance were:
Direct Energy (Bobby Miller)*
Dynegy (Tiffany McCaa)*
Belt Harris (Mark Rubio)*
Assoc. Credit Union of Texas (Amanda Loy and April Howe)*
Lockheed Martin
First Investors*
State Farm*
JSC Federal Credit Union
INEOS
NASA Co-op and Internships in procurement
* alums
Chuck Crocker of Career Services, and Jeremy Adams, Shine Lin, Charlie Roeder & Jeff Lee of FMA worked very hard to get this organized. The idea came from Chuck, and simultaneously from Ed Waller (Finance prof and department chair for the finance folks).
Everyone is to be congratulated on such a successful turnout, and we should look forward to doing this again next year.
The employers in attendance were:
Direct Energy (Bobby Miller)*
Dynegy (Tiffany McCaa)*
Belt Harris (Mark Rubio)*
Assoc. Credit Union of Texas (Amanda Loy and April Howe)*
Lockheed Martin
First Investors*
State Farm*
JSC Federal Credit Union
INEOS
NASA Co-op and Internships in procurement
* alums
Chuck Crocker of Career Services, and Jeremy Adams, Shine Lin, Charlie Roeder & Jeff Lee of FMA worked very hard to get this organized. The idea came from Chuck, and simultaneously from Ed Waller (Finance prof and department chair for the finance folks).
Everyone is to be congratulated on such a successful turnout, and we should look forward to doing this again next year.
Monday, April 13, 2009
FMA Finance Networking Night
The student Financial Management Association (FMA) chapter is going to be helping with the Finance Networking Reception on April 23rd (Thursday) from 4:30 until 7 PM. Career Services (led by Chuck Crocker) has graciously committed to helping FMA get things rolling.
As of today, we have 6 companies committed in the energy, financial services, and accounting industries. The program will be a panel discussion of what to expect when you get out and what each company/job does, followed by a meet-and-greet where you'll be able to ask questions individually of the representatives. Most of the folks coming are recent alums, so they'll know where you're coming from.
You can sign up at the Career Services web site at UHCL.edu:
Go here, scroll to the bottom.
Please plan to get involved if you can. Professional dress required.
As of today, we have 6 companies committed in the energy, financial services, and accounting industries. The program will be a panel discussion of what to expect when you get out and what each company/job does, followed by a meet-and-greet where you'll be able to ask questions individually of the representatives. Most of the folks coming are recent alums, so they'll know where you're coming from.
You can sign up at the Career Services web site at UHCL.edu:
Go here, scroll to the bottom.
Please plan to get involved if you can. Professional dress required.
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