Chidem Kurdas
Chidem Kurdas's Latest Articles | 49
Fannie Freddie Lawsuit and Risk Arbitrage
Last week the Federal Housing Finance Agency filed suits against 17 major banks and mortgage businesses for misleading Fannie Mae and Freddie Mac regarding the risks... Read »
Spending Cuts and Politics of Bureaucracy
I just read The Politics of Bureaucracy by Gordon Tullock, one of the best books written on the behavior of bureaucrats. Although originally published in 1965,... Read »
Policy Makers and Irrational Exuberance
Robert Shiller says the speculative bubble in real estate was driven by “a contagion of optimism” that pushed up prices and expectations in a feed-back loop.... Read »
Why Dodd-Frank is Dud-Blarney
It is a shame that Christopher Dodd did not become a lobbyist earlier, before he teamed up with Barney Frank to sponsor the Dodd-Frank Act. Mr. Dodd first helped... Read »
Are Swiss Banks Socially Useless?
That’s a daft question, but it is suggested by what became conventional political wisdom in the aftermath of the financial crisis. Finance was vilified and financial... Read »
Japan Nuclear Crisis vs. the Titanic
The Fukushima Daiichi nuclear threat and the sinking of the Titanic are both disasters caused by acts of nature – earthquake and tsunami in one case, an iceberg... Read »
Public Unions vs. the Real Underdog
Wisconsin governor Scott Walker successfully made the financial case to limit collective bargaining by public unions. Not only have the unions imposed an immense... Read »
Voters’ Best Interest
Ronald Dworkin, a well-known legal scholar, describes last month’s election results as depressing and puzzling. In a commentary in the New York Review of Books,... Read »
Insider Trading Regulatory Bubble
After going easy for years on the fraudster Bernard Madoff, the Securities and Exchange Commission is now engaged in an all-out war against insider trading. After... Read »
Thanksgivings Past
Thanksgiving was originally a spontaneous celebration. Over time it grew into a social custom. It did not become an official holiday until Lincoln issued a Thanksgiving... Read »







