Picnic metaphysics

Picnic metaphysics

I am a picnic outfitter by trade. Did you know? For six years, I ran a brick-and-mortar shop called Vintage Picnic in a small fishing village near the Chesapeake bay. We stocked everything for the perfect picnic – save for food and drink....
Saying the R Word

Saying the R Word

Photo by Samantha Sophia on Unsplash Reparations: A Christian Call for Repentance and Repair by Duke L. Kwon and Gregory Thompson A Review In the roiling wake of the 2020 killing of George Floyd, the eruption of sometimes violent protests in cities around the world,...
Do the right thing

Do the right thing

Photo by Nina Strehl on Unsplash Searching for a single smoking gun to explain the financial crisis is a fool’s errand. So many hands, so many set-ups, so many agendas–combined with massive movements of capital from all parts of the world–puts this crisis...
The human toll

The human toll

Photo by Tom Pumford on Unsplash The horrible news spread quickly, thanks to morning radio. I was preparing to take my daughter to the orthodontist when someone reached me with the news that our acting CFO, David Kellerman, was found dead from an apparent suicide. The...

Political capture

Photo by Sabrina Mazzeo on Unsplash No book that deals with the GSEs is complete without mention of the steel-knuckled political charades Freddie and Fannie played when they were at the zenith of their powers. The supporting actors and thickening plot with its...

Skin in the game

For a safe mortgage system, every participant needs to have capital at risk, or what the industry calls skin in the game. When house prices began rising a lot in 2004—double digit annual growth in certain fast-growing markets—lenders pressed the GSEs to relax the...