Taxpayers Earn 23% Return on Goldman TARP Investment

Federal taxpayers received a 23% annualized return on their investment in Goldman Sachs. On Wednesday Goldman announced that calculation by combining the interest it paid before repaying the Treasury’s $10 billion principal loan with the warrant buyback payments it made this week.

Goldman as led the way this week with surprise Q2 earnings… profits . . . → Read More: Taxpayers Earn 23% Return on Goldman TARP Investment

What Risk Models are Useful?

Risk management failures have clearly taken place. It has become fashionable to criticise risk models.

A fair amount of the naive criticism is not well thought out. Too many people today read Nassim Taleb and pour scorn upon hapless economists who inappropriately use normal distributions. That’s just not a fair depiction of how risk . . . → Read More: What Risk Models are Useful?

Gold Oil And Your Stomach

Humans eat or humans die and with the Peak Oil specter looming this issue is becoming very pressing for about 923,000,000 people.  The Internet is an amazing series of tubes.  A friend told me that Nate Hagens, MBA, former Managing Director at Salomon Brothers, Lehman Brothers and editor of The Oil Drum, used my . . . → Read More: Gold Oil And Your Stomach