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Financial System

Heads I Win, Tails You Lose: The Big Short

G. Benjamin Bingham | Posted 01.09.2017 | Impact
G. Benjamin Bingham

Fresh from watching the Big Short in a crowded theater in Philly, I wanted to shout out my experiences from that time, using excerpts from my book: "M...

10 Reasons Why You Might Be Financially Stressed

Nathaniel Sillin | Posted 08.19.2016 | Business
Nathaniel Sillin

How financially stressed are you? Here are some major indicators of financial stress with suggestions for taking action.

The Impact Investor: A Modern Day Sisyphus?

Robert Foster | Posted 01.03.2015 | Impact
Robert Foster

Thanks to our imperfect, yet glorious, democracy we have the opportunity to make an impact investment in reversing this trend. Even more, this deal won't require you to decide which GIIRS metrics to use or haggle over pre-money valuations. All you need to do is believe we owe it to our future generations - and our pocketbooks - to reduce the corrosive influence of money in politics.

WATCH LIVE: Re-Imagining America's Financial Services With Third Metric Principles

The Huffington Post | Alena Hall | Posted 06.09.2014 | Business

One in every four U.S. households today lives outside the country's traditional banking system to manage their finances. They instead rely on services...

Economies Go Alternative

Marian Salzman | Posted 02.10.2013 | World
Marian Salzman

If you live in Greece or Spain or even in parts of the United States, that nasty gurgling sound is the economy going down the drain. The official economy, that is -- the one that gets tracked by the accountants and tax officials and economists who feature in the media every day.

A Financial Plan For The Fed Up

New York Times | RON LIEBER | Posted 08.03.2012 | Money

The deck is stacked. The game is rigged. The system is unmanageable. With each passing scandal, it gets a little bit harder to ignore this refrain ...

Alignment Quiz for African Leaders: A note From the African World Economic Forum

Daniel Isenberg | Posted 07.29.2012 | World
Daniel Isenberg

Just imagine how fast financial institutions, health care delivery, and public education would improve if leaders forced themselves to have their and their families' interests completely aligned with those of their constituents as well.

Mark Gongloff

Regulator Outlines Strategy To Avoid Future Wall Street Bailouts | Mark Gongloff | Posted 07.10.2012 | Business

The problem with banks being too big to fail is not necessarily their bigness, but their failure. Like a runaway train plowing through a city block, a...

Fess Up! SEC Pushes Banks To Disclose Europe Exposure

The Huffington Post | Bonnie Kavoussi | Posted 01.09.2012 | Business

Regulators are asking American banks to stop glossing over their vulnerability to the crisis in Europe. The Securities and Exchange Commission issu...

Most Of The Cash In The Financial System Is Manic-Depressive

The New York Times | AMAR BHIDÉ | Posted 01.04.2012 | Business

Central bankers barely averted a financial panic before Christmas by replacing hundreds of billions of dollars of deposits fleeing European banks. But...

Bonnie Kavoussi

Banks At Risk As Crisis Drags On | Bonnie Kavoussi | Posted 12.12.2011 | Business

Concerns about a global slowdown sharpened on Monday as markets cast a vote of no confidence in Europe's leaders. Economists and analysts expressed wo...

Soros: Global Financial System On Brink Of Collapse

The Huffington Post | Bonnie Kavoussi | Posted 04.12.2012 | Business

Billionaire investor George Soros says that the global financial system is on the brink of collapse. Developed countries are falling into a "defla...

European Debt Crisis Threatens U.S. Money Market Funds

Posted 11.20.2011 | Business

WASHINGTON (Mark Felsenthal) - When Lehman Brothers collapsed in 2008 and shattered the belief that U.S. money market funds would never "break the buc...

Bonnie Kavoussi

Europe Could Cause U.S. Financial Crisis | Bonnie Kavoussi | Posted 12.06.2011 | Business

If European politicians are unable to contain their sovereign debt problems, Wall Street could be on the brink of another financial crisis, according ...

Bonnie Kavoussi

European Crisis Could Tip U.S. Into Recession | Bonnie Kavoussi | Posted 12.04.2011 | Business

As the Greek government appears increasingly likely to default on its debt, economists are envisioning potentially dire spillovers to the United State...

Goldman Sachs Could Be Headed Toward First Loss Since Financial Crisis

The Huffington Post | Bonnie Kavoussi | Posted 11.23.2011 | Business

Growing concerns about the weakness of economic growth around the world are increasingly dimming prospects for American financial institutions, amplif...

Simon Johnson: Tax Reform Could Help Secure Financial System

The New York Times | Simon Johnson | Posted 09.21.2011 | Business

In the deafening cacophony of voices in Washington on the debt ceiling, it is easy to miss a potentially more significant development. There is growin...

Michael Bloomberg: Default Would 'Take A Serious Toll' On U.S. Economy

Posted 09.12.2011 | Business

NEW YORK (Joan Gralla) - A debt default would have a catastrophic effect on the nation's financial system and also deal a huge setback to New York Cit...

Who Caused the Crisis and Why Is the Recovery Taking Forever?

John R. Talbott | Posted 09.11.2011 | Business
John R. Talbott

Many people think that the government caused the economic crisis and that the government is at fault for not creating more jobs and jumpstarting a faster recovery. Think again.

New Thinking on Macroprudential Regulations

Raj Nallari | Posted 05.25.2011 | Business
Raj Nallari

There is now a new thinking on how to reform the global financial system and how to reduce the vulnerability of the system to adverse changes in macroeconomic and market conditions.

Ryan Grim

Ted Kaufman Exit Interview: 'The System Is So Awful' | Ryan Grim | Posted 05.25.2011 | Politics

Appointed as a two-year caretaker to keep Joe Biden's seat warm for his son Beau Biden, Delaware's Ted Kaufman turned out to be one of the biggest sur...

Proprietary Information Is a Cover for Fraud and Is Dragging Our Economy Down

Laurence J. Kotlikoff | Posted 05.25.2011 | Business
Laurence J. Kotlikoff

The financial system will continue to be a drag on economic growth because no one trusts it, and, for good reason. Whether or not capital requiremen...

Goldman Sachs Settlement: A Reader's Outrage

Iris Mack | Posted 05.25.2011 | Business
Iris Mack

Seems almost everyone I talk to these days is very outraged over the corruption in the financial system.

Introduction to mFinance: Cell Phone Banking

Jim Luce | Posted 05.25.2011 | Business
Jim Luce

Growing up in Ohio as a young teen, I would take my savings account passbook to the bank and deposit my earnings from snow shoveling or grass mowing. ...

Senator Kaufman Was Right - Our Financial System Has Become Dangerous

The Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Business

Senator Ted Kaufman (D, DE) is best known these days for arguing that, as part of comprehensive financial reform efforts, our biggest banks need to be...