Posts Tagged ‘credit crunch’

Busting the Rating Agency

Busting the Rating Agency

By The Banker | Blog Posts, Wall Street

Yo everybody 5-0! 5-0!  The cops are here! The US Justice Department filed a lawsuit yesterday against Standard & Poors, for its role in over-rating mortgage bonds, CDOs, and other securities in the years 2004 to 2007, securities which later proved to be weapons of mass financial destruction – the initial catalysts of the Great [&hellip

Book Review: Black Swan - The Impact Of The Highly Improbable

Book Review: Black Swan – The Impact Of The Highly Improbable

By The Banker | Book Reviews, How Not To Invest

The “Black Swan,” of Nicholas Nassim Taleb’s title, describes an event that occurs completely outside expectations, has an enormous impact on future developments, and can be explained only in hindsight as predictable. Further, Taleb argues that despite the fact that we are blind to their imminent arrival ahead of time, Black Swans drive the world [&hellip

In Praise of SIGTARP Part II – We blew it on the repayment of TARP funds by the largest financial institutions

In Praise of SIGTARP Part II – We blew it on the repayment of TARP funds by the largest financial institutions

By The Banker | Blog Posts

See related post In Praise of SIGTARP Part I here We are now at the four year mark on the deepest part of the Great Credit Crunch and Great Recession, so I’m moved to ask: When it comes to avoiding the next financial blowup and bailout we need to ask “Are our bank protections better [&hellip

When Geithner Goes to Goldman

When Geithner Goes to Goldman

By The Banker | Blog Posts, Wall Street

Just an FYI: I plan to walk out my front door to punch the neighbor’s cat in the face, toward the end of this year, when US Treasury Secretary Geithner finally announces he’s joining Goldman, Sachs & Co as senior advisor and Managing Director. While he’s indicated his intention of leaving his post as Treasury [&hellip

Book Review: Money and Power - How Goldman Sachs Came To Rule The World

Book Review: Money and Power – How Goldman Sachs Came To Rule The World

By The Banker | Book Reviews, Wall Street

The book cover – featuring a view of planet Earth presumably from a heavenly vantage point – offers the first hint that William D. Cohan’s plan here is not critical thinking but rather hyperbolic imagery.  Inside he writes a survey not of Goldman, Sachs & Co.’s overall history but rather of historical points selected for [&hellip