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The weekend of June 23-24 was a hectic time for Richard Marin, an executive at Bear Stearns that ran two troubled hedge funds heavily invested in subprime-backed bonds. And after another week of “trying to defend Sparta against the Persians hoardes of Wall Street,” Marin admits he “needed something very light-hearted.” So on that Sunday night he took in a movie, Evan Almighty, which he concluded was “a perfectly bland and mildly funny family flick” but it “does have a cute message about how everyone can make the world a better place by always taking up the opportunity to engage in A Random act of Kindness…ARK…get it?”
How to I know all this? Because Marin chronicled his personal travails on his own blog, Whim of Iron, which he describes as “Impulsive Ramblings from a Motorcycling Alpha Dog.” Marin has said the blog site was personal, a way for him to share news with friends and family, such as the amazing weight loss he’d achieved in recent years. The site has since been locked (presumably at the behest of Bear Stearns officials, who didn’t need any more publicity involving Marin), but another blog operator captured the latest postings from Marin’s site, which you can read by clicking on this link.
BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.