Archive for the ‘Wall Street’ Category

Four Factors Favoring Fabulous Fab

Four Factors Favoring Fabulous Fab

By The Banker | Blog Posts, Wall Street

Below are my reactions to the US Securities and Exchange Commission fraud suit that began yesterday against “Fabulous Fab” Fabrice Tourre, a Vice President at Goldman Sachs for structured products. From what I gather in the press, the Feds are suing Fabulous Fab for the following reasons: He sent embarrassing emails to his girlfriend revealing [&hellip

Mortgage Part VII - What about Mortgage Derivatives?

Mortgage Part VII – What about Mortgage Derivatives?

By The Banker | Blog Posts, Wall Street

Please see my earlier post, on the creation of a Mortgage bond which reviewed 3 parts of the mortgage bond market. “When Issued” forward-trading of mortgage origination supply The packaging of homeowner loans into plain vanilla mortgage bonds The role of mortgage servicers and mortgage insurers in the bond market This post will cover subsequent [&hellip

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