Estate Planning for the Bourgeoisie

Estate Planning for the Bourgeoisie

By The Banker | Blog Posts, Personal Finance

Like most of you, I am busy today updating my will, following the birth of the Prince of Cambridge.  I, too, want to ensure that he grows up in the world wanting in nothing. Naturally it is only just and right that I designate a portion of my entail to His Royal Highness. That got [&hellip

All Bankers Anonymous Book Reviews in One Place!

All Bankers Anonymous Book Reviews in One Place!

By The Banker | Book Reviews, Personal Finance

  “Five Years from now, you’re the same person except for the people you’ve met and the books you’ve read.”   On Inequality Unintended Consequences – Why Everything You’ve Been Told About the Economy Is Wrong, by Edward Conard.  I’m opposed to his politics but I must admit he offers the best description I’ve read [&hellip

Book Review: The Only Investment Guide You'll EVER Need

Book Review: The Only Investment Guide You’ll EVER Need

By The Banker | Book Reviews, Personal Finance

It pains me to write this[1], but Andrew Tobias’ hyperbolically titled[2] The Only Investment Guide You’ll EVER Need actually lives up to the name. Tobias delivers solid personal financial advice, but in a playful tone. He enlivens an entire chapter on saving money – the world’s dreariest subject – with anecdotes about his own fetishistic [&hellip

Audio Post - Explaining the Futures Market

Audio Post – Explaining the Futures Market

By The Banker | Audio Posts

I love me some Roman Mars, and his “99% Invisible” show, so I have to pay attention when he delves into finance.  I recently tried to introduce the idea of the mortgage bond ‘when-issued’ market, which is a form of futures trading that I used to be involved in.  If you have no idea about [&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