tag:blogger.com,1999:blog-5880610.post6158846480205510287..comments2024-01-13T18:57:18.243-05:00Comments on Information Processing: Mortgage finance in picturesSteve Hsuhttp://www.blogger.com/profile/02428333897272913660noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5880610.post-79623815298238685652008-11-10T12:18:00.000-05:002008-11-10T12:18:00.000-05:00Hi Steve,you have given a nice blog.Good represent...Hi Steve,you have given a nice blog.Good representation about Mortgage Finance.I think it's come at a right time.<BR/>------------<BR/>siva<BR/><BR/><A HREF="http://mls.fastrealestate.net" REL="nofollow">MLS</A>Unknownhttps://www.blogger.com/profile/09356610655443530958noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-71221834212562020132008-10-06T21:56:00.000-04:002008-10-06T21:56:00.000-04:00Dave: I hope it's not too late!Dave: I hope it's not too late!Steve Hsuhttps://www.blogger.com/profile/02428333897272913660noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-9167191660944050132008-10-06T14:17:00.000-04:002008-10-06T14:17:00.000-04:00CDS clearinghouse in the works:http://www.bloomber...CDS clearinghouse in the works:<BR/><BR/>http://www.bloomberg.com/apps/news?pid=20601087&sid=a4ocj24uCB6c&refer=home<BR/><BR/>Sounds like they've been reading your blog :)Dave Baconhttps://www.blogger.com/profile/03506030153326411733noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-52178202286187729882008-10-06T12:12:00.000-04:002008-10-06T12:12:00.000-04:00Better information would help immeasurably with th...Better information would help immeasurably with the clean up. Regulation (i.e., a central CDS exchange, max leverage requirements on i-banks) would have helped quite a bit in lessening the crisis.<BR/><BR/>Very few academic economists are familiar with the CDS market since it is very new. They tend to ignore it in the story they tell, whereas I think it is central to the systemic risk part of theSteve Hsuhttps://www.blogger.com/profile/02428333897272913660noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-78400220492947345772008-10-06T10:40:00.000-04:002008-10-06T10:40:00.000-04:00Steve,If I understand all this correctly, the key ...Steve,<BR/><BR/>If I understand all this correctly, the key point in this whole mess is <B>lack of perfect information</B>, not regulation. Unlike regulation, which has ideological overtones, perfect information is feasible, uncontroversial and ideology-free and should be mandated in the future. Of course, regulation would have reduced chance of loss, but it would still not have been as bad as Anonymousnoreply@blogger.com