Information about finance, the economy and business. Entertaining and informative. Seeking Alpha Certified Mark Sunshine Chairman & CEO
  1. Wall Street’s Fatal Defect — Republished From The Huffington Post

    The fate of Fred­die Mac and Fan­nie Mae will be cen­ter stage in Jan­u­ary when the Obama admin­is­tra­tion makes its required Con­gres­sional rec­om­men­da­tions about what to do about the two com­pa­nies. The stakes for home­own­ers and the econ­omy couldn’t be higher as the next Con­gres­sional ses­sion will deter­mine if the U.S. has a pri­vate mort­gage mar­ket or if, by con­trol­ling hous­ing finance, gov­ern­ment bureau­crats will be able to direct where Amer­i­cans live and how much they pay for hous­ing. [read full story]

    Posted in: BANKS, Fannie Mae, Finance, Freddie Mac, housing crisis, Mortgage, Public Policy, REGULATION, Regulatory Reform
  2. I’m back from vacation

    Sorry for the long absence from blog­ging. Start­ing today, the Sun­shine Report is com­ing back to life. And, start­ing today I am also blog­ging for the Huff­in­g­ton Post. The first post was pub­lished today. The link is  I look for­ward to a lively debate and hope that every­one enjoys the blog and the infor­ma­tion […] [read full story]

    Posted in: Finance
  3. It’s Not Too Late For Congress To Fix The Derivatives Market

    The finan­cial reform leg­is­la­tion that passed the House last week doesn’t fix the deriv­a­tives mar­ket but there is still time to make it right. The Sen­ate hasn’t passed its ver­sion of the bill and all Sen­a­tors need to do is include a pro­vi­sion stop­ping the Fed­eral gov­ern­ment from pre­vent­ing enforce­ment of state and local crim­i­nal […] [read full story]

    Posted in: BANKS, Credit Crisis, Credit Default Swaps, economy, Finance, Politics, Public Policy, REGULATION, Regulatory Reform
  4. Why The Government Jobs Policy Isn’t Working

    The U.S. econ­omy is going to be sick until job growth returns and unem­ploy­ment is sig­nif­i­cantly reduced. Pres­i­dent Obama’s eco­nomic team doesn’t seem to know how to stim­u­late jobs growth and what they have tried so far isn’t work­ing very well. While Obama’s pol­icy seems to have stopped jobs from dis­ap­pear­ing, that is very dif­fer­ent […] [read full story]

    Posted in: BANKS, Credit Crisis, economy, Finance, Politics, Public Policy, Small Business Lending
  5. Japan’s Demographic Time Bomb Is Imploding

    Accord­ing to Ambrose Evans-Pritchard Japan is quickly turn­ing into devel­oped world’s sick­est econ­omy and could soon tip into an uncon­trolled down­ward spi­ral. Evans-Pritchard reported last week in the Tele­graph that Japan is reach­ing the point of no return where it won’t be able to meet its oblig­a­tions and could enter a debt death spi­ral. While […] [read full story]

    Posted in: Demographics, economy, Finance, Japan, Public Policy
  6. Home Sick Shows How Work Incentives Matter

    Last Wednes­day the New York Times Economix Blog pub­lished an arti­cle writ­ten by Casey Mul­li­gan that was billed as a sum­mary of how work incen­tives change employee behav­ior. I expected Pro­fes­sor Mul­li­gan to edu­cate read­ers as to how work and com­pen­sa­tion incen­tives change worker behav­ior and effect busi­ness. I quickly real­ized, how­ever, that the real […] [read full story]

    Posted in: Casey Mulligan, economy, Finance, New York Times
  7. The Economy’s Shape Is A Mystery That Isn’t Important To Solve

    Today Cather­ine Ram­pell of the New York Times authored a story in the Week in Review that quoted an econ­o­mist who stated there are “as many views of the econ­omy going for­ward as you have let­ters of the alpha­bet to describe the recov­ery”.  I was dis­ap­pointed by the arti­cle because rather than focus­ing on the […] [read full story]

    Posted in: Credit Crisis, Economic Statistics, economy, Finance, New York Times, Public Policy
  8. CIT’s Management Remains Out Of Touch With Reality" rel="bookmark">CIT’s Management Remains Out Of Touch With Reality

    I have been almost totally silent on CIT’s fail­ure in this blog. The rea­son is that I believed it wasn’t appro­pri­ate to com­ment neg­a­tively on a com­peti­tor or its busi­ness. How­ever, now that CIT has sought pro­tec­tion from its cred­i­tors I no longer feel that I must be silent. Today, at 3:48 PM I received […] [read full story]

    Posted in: CIT, Finance