Archive for the ‘Wall Street’ Category

I Disagree about JP Morgan But I'm Totally Entertained

I Disagree about JP Morgan But I’m Totally Entertained

By The Banker | Audio Posts, Video, Wall Street

A friend and I debated the merits yesterday of Alex Pareene’s recent article on Salon, in which Pareene praises the most recent $13 Billion fine against JP Morgan as justifiable punishment for greedy bankers and a morally-positive disincentive to the banking industry generally. I totally disagree. I happen to think, and I’ve written before, that [&hellip

Book Review: The Signal And The Noise by Nate Silver

Book Review: The Signal And The Noise by Nate Silver

By The Banker | Book Reviews, Investing, Wall Street

I took a mandatory course in high school[1] called “Theory of Knowledge,” meant to help us consider ‘How do we know things?” “How do we know things?” turns out to be one of those big philosophical questions – dating from the time of Plato & Aristotle – irritating all us for the last few millenia. [&hellip

Last Words on the London Whale

Last Words on the London Whale

By The Banker | Blog Posts, Wall Street

The last thing this world needs is another comment on the London Whale, but I’ve been silent on the topic for over a year, and today’s announcement that JP Morgan will pay $920 million in penalties, plus offer an apology, inspired a few quick thoughts. The settlement is meaningless, as punishment All along, the London [&hellip

What is a Hedge Fund?  WSJ answers

What is a Hedge Fund? WSJ answers

By The Banker | Blog Posts, Wall Street

I’m quick to criticize traditional media when they dumb down, or sex up, or just miss completely on finance topics. The Wall Street Journal is better than most, but still I find myself shaking my fist at the paper from time to time. Earlier this week, in anticipation of the relaxation of rules for Hedge [&hellip

Mortgages Part VIII - The Cause of the 2008 Crisis

Mortgages Part VIII – The Cause of the 2008 Crisis

By The Banker | Blog Posts, Wall Street

On the 2008 mortgage crisis, from my perspective Ok friends, are you ready?  I’m about to piss you off. Contrary to the dominant journalistic narrative of the 2008 Crisis – that greedy bankers and their Wall Street enablers tricked the poor and gullible into predatory loans on their homes which led to foreclosures and economic [&hellip