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Credit Slips & the WSJ's Washington Wire

posted by Bob Lawless

Mary Pilon of the Wall Street Journal's Washington Wire has a post up about Elizabeth Warren's blogging here at Credit Slips. Long-time readers will undoubtedly remember many of these posts highlighted there. I'll highlight two others. First, there is a post dated September 14, 2008, just after the U.S. government's bailout of Bear Stearns with some prescient comments about what the future would hold:

More bailouts will be needed, and, at some point, even the American taxpayer can't handle it. Bailouts will not put a stop to the underlying problem: we can't find a bottom in the housing market. Until that happens, the value of financial instruments based on those mortgage obligations will keep falling, and the worldwide market will keep sliding toward collapse.

Second, one of my favorite posts from Warren was this one about the distinction between facts and deductive reasoning. We used this great example in the introductory materials to our empirical methods text.


Sometimes once is enough, or even better. The "What is a Fact" URL was inadvertently entered twice, and 1x1=0. Try http://www.creditslips.org/creditslips/2006/11/what_is_a_fact.html

Thanks, Ken D, I fixed the link in the body of the post.

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  • As a public service, the University of Illinois College of Law operates Bankr-L, an e-mail list on which bankruptcy professionals can exchange information. Bankr-L is administered by one of the Credit Slips bloggers, Professor Robert M. Lawless of the University of Illinois. Although Bankr-L is a free service, membership is limited only to persons with a professional connection to the bankruptcy field (e.g., lawyer, accountant, academic, judge). To request a subscription on Bankr-L, click here to visit the page for the list and then click on the link for "Subscribe." After completing the information there, please also send an e-mail to Professor Lawless (rlawless@illinois.edu) with a short description of your professional connection to bankruptcy. A link to a URL with a professional bio or other identifying information would be great.