If you have something to say...
Say it on the Huffington Post
If you have something to say...
Say it on the Huffington Post
The Blog
Will Chesapeake emerge from the crisis in one piece, or will it go the way of Lehman or Enron?
Coming this fall, as President Obama makes his final push for a second term, his Justice Department will finally give the public what it wants in the form of an arrest of a major Wall Street figure for his role in the financial crisis.
If you want an honest and painfully truthful story memoir about what happens inside the branch of a typical stock brokerage firm, you must read the new book by Josh Brown.
Three years later, after President Obama placed his faith in workers, the nation's economic outlook is brighter. As is that of GM and Chrysler. President Obama wagered on American workers. And it paid off.
Would you take money that your daughter needs for braces and make a short term loan to a Wall Street firm? Probably not, but if you've put your ready cash in a prime money market fund, those are the kinds of places where your money may be sitting now.
It's not really fair to blame actuaries for creating the biggest financial crisis in living American memory. I am, of course, talking about how tens of thousands of small business owners with long and successful track records are going out of business because they cannot get a simple business loan from their neighborhood banker.
Over the weekend, Tyler Cowen put up a column in The New York Times arguing a) that financial institutions should not be broken up and b) that shareho...
Thousands of people across the world are actively maintaining the front line of the Occupy movement; this article is not for those people.
The film Margin Call takes us inside a lightly fictionalized stand-in for Lehman Brothers called HMS, where a young risk analyst discovers the math that proves HMS' imminent demise.
Regardless of what tax bracket we are in, I think we can all agree that it is morally reprehensible that the current financial system is structured to allow easy purchase of, and control over, our elected officials.
Nature is sending us extravagant distress signals these days. We'd better get really good really fast at reading her mind. The stakes are too high to keep drinking the collective Kool-Aid.
Wall Street's foul mood is all about money: Three years after the collapse of Bear Stearns and Lehman, and the taxpayer-financed bailouts of Citigroup, Bank of America, Morgan Stanley, Goldman Sachs and JP Morgan, it isn't allowed to return to old ways of making money.
Americans need loans to start businesses, go to college, buy homes, protect themselves in times of crisis and countless other things. The nation needs to relearn how to use debt as a tool to build and protect wealth, not destroy it.
At a conference in New York at the end of 2008, Obama's economic advisor, Larry Summers made a prophetic remark at an event organized by the Economist.
Today's headlines about the arrest of Lehman Brothers' former Chief Operating Officer have a crucial message for all Wall Street firms. The news is a brutal reminder of what a truly horrible place Lehman became.
The Lehman legacy is one of a colossal failure of common sense. I hope members of Congress are listening for the sake of our country, all the warning signs are there. We can ill afford another "Lehman moment."
