Archive for the ‘Wall Street’ Category

Mortgages Part VI - On Wall Street

Mortgages Part VI – On Wall Street

By The Banker | Blog Posts, Wall Street

How do mortgages make it to Wall Street anyway? None of the following is essential to understanding mortgages from a personal finance standpoint, I just thought the details of mortgage securitization and mortgage bond trading and structuring would be interesting for some people.     I sold mortgage bonds at Goldman for a few years [&hellip

Book Review: The Way We Live Now by Anthony Trollope

Book Review: The Way We Live Now by Anthony Trollope

By The Banker | Book Reviews, Wall Street

My wicked-smaht friend Melissa just reviewed a book on her literary site  that I’ve long been meaning to review here.  The Way We Live Now, by Anthony Trollope is a must-read for people interested in finance, upper-class society, and the way history constantly rhymes with the present. Did you know that in 1875 Anthony Trollope [&hellip

Entrepreneurship Part II - Observations on ownership vs. working for others

Entrepreneurship Part II – Observations on ownership vs. working for others

By The Banker | Blog Posts, Personal Finance, Wall Street

This is a continuation of a theme started earlier, in this post On Entrepreneurship, Part I Founding an investment firm A friend from college once explained to me that, growing up, he didn’t realize his family was wealthy.  His dad worked at an investment firm, and they had a comfortable lifestyle, but my friend noted [&hellip

The Meaning of Jon Corzine

The Meaning of Jon Corzine

By The Banker | Blog Posts, Wall Street

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. Prior to this announcement, I understood the meaning of Corzine primarily through the following investment aphorism:[1] “One of the worst [&hellip

Are Wall Street Bonuses Fair?

Are Wall Street Bonuses Fair?

By The Banker | Blog Posts, Wall Street

I love a contrarian argument, and once upon a time I enjoyed Wall Street bonuses, so you can imagine my delight to receive in my inbox a link to a video from MinuteMBA[1] titled “In Defense of the Wall Street Bonus” yesterday. The video is worth watching. The video is also a great example of [&hellip