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Book Review: Too Big To Fail
You may, like me, be curious about what happened during the Great Credit Crunch. You may, like me, have the feeling we reached a financial precipice, peeking over the edge into the abyss. But before...
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The Citigroup Bailout – SIGTARP Part III
We love to criticize the wastefulness of bureaucracy, the agency ass-covering, and the naiveté of government officials. But it’s a surprising pleasure to read[1] The SIGTARP [2] review of the...
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Four Reactions to the Election
Four quick thoughts now that the elections are over, from a recovering banker. 1. The equity indexes fell immediately at the open today, and remain down over 2% on the day. Do not let any talking head...
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The USA of I.O.U.
Every once in a while I read a finance article that sticks in my head and never goes away. An article about the historical intersection of debt and the United States from the New Yorker from four...
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The Meaning of Jon Corzine
With the announcement that MF Global Trustee (and former FBI chief) Louis J. Freeh will charge Jon Corzine for failing in his duty to oversee the company, the meaning of Jon Corzine shifts once again....
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