…Collateralized loan obligations may seem at first to be nothing but a throwback to private equity’s “golden era” of enormous leveraged buyouts.
Yet the market for this product, which has made a modest comeback since the financial crisis, is an
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President Obama, in his State of the Union address, pushed forward the idea of creating a new unit to investigate the financial excesses that led to the housing crisis, so that those accountable could be brought to law. The Residential
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Kenneth Rogoff, professor of Economics at Harvard University, told CNBC, “they
… are so far from having a solution in Europe, they need a new constitution, they need deep re-structuring, this is not just about Greece this is way deeper than
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13 years ago people who talked about the end of the world usually consisted of Doomsday cults, people on the corners of Manhattan, conspiracy theorists like Alex Jones. Five years ago people who warned of a huge housing bubble, even
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…At SKAGEN Funds’ New Year’s Conference 2012 held on Thursday 12 January in Copenhagen, some of the world’s leading financial commentators gave their views on the outlook for the world’s capital and financial markets.
Speakers at the conference included Yale
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“Reading About the Financial Crisis — A 21-Book Review” – …Prof. Andrew Lo provides his take on the financial crisis and 21 leading books on the topic. I disagree with quite a bit of the “analysis,” particularly in the first
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This post originally appeared at Morningstar.…
Many adult children are taking a greater role in their aging parents’ financial lives, a natural outgrowth of increased longevity as well as rising rates of dementia and Alzheimer’s disease in the senior
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…With Wikipedia going through with its decision to shut down the site for 24 hours as part of their protest against SOPA, it’s received quite a bit of criticism in the process for the decision. The Next Web’s own Brad
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Goldman Sachs… was once legendary for its trading prowess.
The traders were so admired and envied on Wall Street that people were convinced they had some kind of edge over their counterparts at other firms.
The theories varied, depending on
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A federal proposal that seeks to ban banks from trading with their own money has found few friends in Washington and on Wall Street.
Now, even some of the rule’s authors are joining the bandwagon of detractors.
Federal regulators responsible
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…Through various surveys conducted by the Food Bank for New York City a new report was produced regarding 3-million college educated New Yorkers who have reported difficulties in affording food.
Statistics show, those with bachelor’s degrees have a 6 points
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…A new heavyweight critic of the Volcker rule has emerged: the Japanese government.
The Bank of Japan and Japan’s financial-services regulator sent a joint letter to U.S. regulators raising concerns about the impact on Japanese firms and markets of the
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…Wall Street pay is set to be reduced after a dismal year but the cuts won’t spare banking chiefs from potentially bruising encounters with investors during coming shareholders meetings.
Investors ranging from charitable foundations to large state pension funds are
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(…Reuters) – Organized crime has tightened its grip on the Italian economy during the economic crisis, making the Mafia the country’s biggest “bank” and squeezing the life out of thousands of small firms, according to a report on Tuesday.
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…Things that refuse to die include Dracula, fungus, Jason from the “Friday the 13th” movies, zombies — and Lehman Brothers.
You would probably like to forget Lehman in the wake of its collapse in 2008, an event that set off
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