My Diary, September 11, 2001

My Diary, September 11, 2001

By The Banker | Blog Posts

The Great Recession and the World Trade Center attacks reshaped our country and continue to dominate the way I see the world and our place in it.  While I concentrate on the former events at Bankers-Anonymous, today I commemorate the latter on the 11th Anniversary of September 11 2001.  I transcribed my diary below from

In Praise of SIGTARP, Part I –Truth in Government

In Praise of SIGTARP, Part I –Truth in Government

By The Banker | Blog Posts

As a recovering banker, a main obsessive question of mine remains “How did we get into this mess?” By “mess,” I mean both the Credit Crunch itself and our collective response to it, at the government and personal levels. My obsession drives me to read reports by the Special Inspector General for the Troubled Asset

Ask An Ex-Banker: Is the Finance Game Rigged Against Outsiders?

Ask An Ex-Banker: Is the Finance Game Rigged Against Outsiders?

By The Banker | Ask an Ex-Banker, Blog Posts

Q: A question for debate: We all seem to get mad that the financial-industrial complex is repeatedly rigged for the Big Boys.  I’d suggest to you that the public should just give up on the wall street-banker/big bank/mutual fund industry as having any possibility of being fair to you or me.  Thus, it makes no

Reason #1,265 Why People Do Not Like Hedge Funds

Reason #1,265 Why People Do Not Like Hedge Funds

By The Banker | Blog Posts, Wall Street

Last week I posted a piece on a particular hedge fund’s research[1] from 18-months ago, and then I went on to praise that hedge fund, with 20/20 hindsight, for nailing it, in terms of understanding the Great Recession, and why it’s taking so long to recover from it. In response, in my inbox today I