Several months ago I had the pleasure of spending several hours with Dave Beal of Twin Cities Business discussing the subprime credit crisis and the developing global credit crunch. Recently he published…
For those who have not had to deal directly with the mortgage and credit crises over the past last year, Roger Lowenstein of The New York Times Magazine has provided a thoughtful overview of…
Congratulations to Mr. and Mrs. James M. Kragenbring! This afternoon my father married the former Ms. Vickie Garwacki. The wedding took place at First Baptist Church of Louisiana, Missouri and…
Is there any good news for mortgage borrowers? Well, there is some. Because of aggressive monetary easing by the Federal Reserve, short-term interest rates have fallen enough that the threat…
Last summer my colleagues and I published a position paper titled “Subprime Strikeout: Assessing the Subprime Mortgage Market.” “Subprime Strikeout” summarized the development of the subprime mortgage market, examined the…
The ongoing distress in capital markets has had a profound impact on municipalities that have traditionally relied on short-term funding in the auction-rate market. As liquidity has been at a…
I am proud to say that I call three of the six most literate cities in the United States “home.” I was born in Minneapolis (MN), which ranked #1 in…
In the beginning was the Word, and the Word was with God, and the Word was God. He was in the beginning with God. All things were made through him,…
Serendipity: I had the good fortune to be in NYC on business this week and therefore had the opportunity to view the Christmas Tree at Rockefeller Center the evening it…
The New York Times begs the question: is the option ARM an appropriate loan product for subprime borrowers? Read my opinion, along with the opinion of other experts, here. JJK UPDATE: This topic…
