Chris Hulls
commented on
The Financial Crisis: an Historical PerspectiveFor whoever liked my pres, I figure I’ll shamelessly promote my new blog:
http://chrishulls.wordpress.com
It’s a bit sparse now but I’m going to add to it more regularly.2 years ago
Chris Hulls
commented on
The Financial Crisis: an Historical PerspectiveVozome,
The point of this presentation wasn’t to provide an in-depth technical analysis, but to highlight that a eerily familiar pattern continues to repeat itself throughout history.
It is easy to veil this and other crises with complex spreadsheets, but in the end the simplest answer holds true: it was another round of irrational exuberance.
My last job prior to joining the startup world was in investment banking at Goldman Sachs (I was there when Paulson left to the treasury and was ironically just down the hall from Neel Kashkari), so I’m not scared of numbers. But, if I start doing a technical analysis of the rating agencies’ flawed default projection methodology, I’ll put everyone to sleep and make things much more complex than need be.
One big take away is that mountains of data allowed people to completely ignore common sense. A simple presentation is an answer to this.2 years ago
Chris Hulls
commented on
The Financial Crisis: an Historical PerspectiveHansjepansje,
Yea, he admitted he messed up, but that is a long way off from admitting there was something fundamentally wrong with the very core of his free market philosophy.
I don’t think any of the big politicians on either side have come close to fully fessing up. It didn’t stop us from reelecting some of the biggest offenders in the house and senate though...2 years ago
Chris Hulls
commented on
The Financial Crisis: an Historical Perspectiveideaguy:
I hope I didn’t come across as pro Republican... I tried to be anti-everyone (most damning quote I put in was from Greenspan, a Republican, no?). I’m not voting for McCain or Obama on election day; the two party system is the biggest poison we have in this country IMHO.
If Perot won in 1992, or Nader won in 2000, I doubt we would be in this mess right now.
In the pres, I did focus on Dodd and Barney though because a) they were as wrong and corrupt as any of the Republican reps out there and b) I split my time between Marin and Berkeley, and I get sick of hearing about the ’Bush bailout’, or ’Bush deregulation’ leading to Fannie and Freddie blowing up. I agree 100% blind free market philosophy is the overriding problem here, but the dems need to take their side of the heat for actually helping to regulate this problem into existence.2 years ago
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