Monday, April 19, 2010

Recent Housing Bubble reads

Just finished reading "The Big Short" by Michael Lewis - a nice explanation of CDOs and their contribution to the housing bubble. Lewis takes a head-shaking-you-won't-believe-this-happened viewpoint than Gregory Zuckerman's "The Greatest Trade Ever." (Zuckerman takes more of the holy-crap-you-won't-believe-that-this-Paulson-guy-figured-out-the-trade! approach.) Lewis only mentions John Paulson and his hedge fund once in the entire book that I can recall.

Both are worth the time. Makes me want to draw up an org chart of the key players just to see the direct and dotted lines to the whole thing.

Monday, April 12, 2010

Mad Props to Southwest Airlines

This showed up in my inbox this afternoon.

Greetings from Southwest Airlines:

I’m sorry that we were unable to get you to the terminal promptly and off the airplane quicker after your flight arrived at Denver on April 11. Unfortunately, your gate was occupied by another LUV jet that evening that was taking a little longer than we expected—we appreciate your patience during this situation. Naturally, we’d like to provide you with better travel experiences; therefore, I am sending you a LUV Voucher that can be applied toward a future Southwest reservation. You can be sure that we are looking forward to welcoming you back again real soon.
That. Is. Awesome.