A Source of Angel Funds: Your IRA

A Source of Angel Funds: Your IRA

By The Banker | Blog Posts, Investing, Personal Finance

Karen Blumenthal’s column in The Wall Street Journal over the weekend featured two of my favorite topics, self-directed IRAs and entrepreneurship, in a combined article.  The details in the article, as well as the details of using a self-directed IRA to fund a small company, are complex. ·         You can’t lend money personally to the [&hellip

Book Review: The Death and Life of Great American Cities

Book Review: The Death and Life of Great American Cities

By The Banker | Book Reviews, Texas

Why do some American cities diversify, improve, innovate and grow?  While other cities – most recently and egregiously Detroit – stagnate, shrink, and ultimately fail financially? I’m way outside of my intellectual comfort zone when it comes to commenting on urban planning policy, but reading Jane Jacobs’ classic The Death and Life of Great American [&hellip

GS research on TBTF and Bond Yields

GS research on TBTF and Bond Yields

By The Banker | Blog Posts

I frequently complain in this space about the Too Big To Fail (TBTF) banks in the wake of the 2008 Crisis.  For me, TBTF is short-hand for the idea that large, private, for-profit enterprises – and by extension their employees and investors – enjoy an implicit government guaranty in the event of financial calamity.  While [&hellip

Prescience on Detroit Bankruptcy

Prescience on Detroit Bankruptcy

By The Banker | Blog Posts

I’ve been doing summer reading and will soon post my review of Jane Jacobs’ classic 1961 book on urban revitalization The Death and Life of Great American Cities. In the meantime I was struck by a short passage in the book in which she foretells the death of Detroit. On the recently bankrupted Detroit, we [&hellip

Curt. Shilling.

Curt. Shilling.

By The Banker | Blog Posts

Everything you need to know about local, state, and national governments engaging in ‘Economic Development’ is right here and here, in this story of Curt Schilling. I’m on Cape Cod for two weeks with my family.  On the occasion of my re-entry to Red Sox Nation I thought I’d revisit this story of public investment [&hellip