Respected Finance Blogger 'Tanta' Dies
'Tanta,' the pen name of Doris Dungey, a respected, influential and witty finance blogger, died over the weekend of ovarian cancer.
She was 47.
Dungey was a former mortgage broker who combined two decades of experience in the industry with an investigator's skills at ferreting out details, all wrapped up with a literary flair.
Her work was cited in Fed Reserve documents and lauded by the likes of Nobel/Pulitzer winner Paul Krugman, who wrote, in July of this year:
"The great thing about this age of blogs is the way people who really know something about a subject can quickly weigh in, without being filtered through Authority. So on the Fannie/Freddie issue I learn, from Tanta at Calculated Risk, that Fannie and Freddie pushed the envelopes of their charters — basically that they were trying to behave like Countrywide, but couldn’t quite manage it:
'Fannie and Freddie had about as much to [do] with the “explosion of high-risk lending” as they could get away with. We are all fortunate that they couldn’t get away with all that much of it.' "
Calculated Risk quoted from one of Tanta's 2006 postings that showed off her sense of humor:
"I still haven’t gotten over the fact that there’s a 'capital management' group out there having named itself 'Cerberus.' Those of you who were not asleep in Miss Buttkicker’s Intro to Western Civ will recognize Cerberus; the rest of you may have picked up the mythological fix from its reprise as 'Fluffy' in the first Harry Potter novel. Wherever you get your culture, Cerberus is the three-headed dog who guards the gates of Hell. It takes three heads to do that of course, because it’s never clear, in theology or finance, whether the idea is to keep the righteous from falling into the pit or the demons from escaping out of it (the third head is busy meeting with the regulators)."
Dungey wrote under a pen name in case she decided to return to the mortgage industry. 'Tanta' was her longtime family nickname.
December 1, 2008; 3:11 PM ET
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