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Category Archives: Financial Meltdown
This is a very good program on the inside story of the global financial crisis. See it on the Frontline web site. Pay close attention to the segment that explains of how CDO’s (collateralized debt obligations) developed and Credit Default Swaps proliferated. Also, … Continue reading
More fallout from the financial crisis Related articles Jim Cramer Just Had A Complete Flip Out And Called Jamie Dimon A Loser (businessinsider.com) Moody’s Cuts Spain to Near-Junk Status as Europe Awaits Greek Elections: Wall Street Roundup (observer.com) “The Person … Continue reading
The author of the definitive book on Goldman comments on the Greg Smith resignation and NY Times Op Ed. Related articles Goldman Sachs Launches Counterattack on Greg Smith (jhaines6.wordpress.com) Goldman Sachs (musingsofanolderman.com) Corruption Still Running Amok At Goldman Sachs (johnhively.wordpress.com) … Continue reading
A break through year for LIVE online video Royal Wedding with 2 billion people watching, lifting the British national mood and putting on an amazing display of pageantry for the world Appreciating Steve Jobs. While there will never be another like … Continue reading
A good friend who works on the Street responded to my last post: Just came across this email again.. My position doesn’t change. Wall Street was certainly a part of the equation but Barney Frank and his merry band of … Continue reading
Yes it did. I mention this because I have had interesting conversations with Wall Streeters lately about the mortgage mess and the financial meltdown. I have asserted that media and marketing played an important role in the disaster, as the … Continue reading