The collapse of Borders is akin to the collapse of Lehman Brothers on Wall Street, and it suggests that too many people in American publishing don't know what the hell they're doing.
This is the deep background of the financial crisis -- a clear-eyed introduction to the post-industrial jungle with its networks, frictionless interchanges, murky sense of accountability and unexpected consequences.
I hope that Inside Job is shown near and on campuses across the country. The signs of hope really lie with future generations questioning those who came before them.
The worst point I see in the Dodd Frank Financial Reform implementation process is that securitization is on the back burner -- I mean the left field or Siberian-type of back burner.
A few days ago I posted some thoughts on a talk Joseph Stiglitz gave to AOL Daily Finance last month on the need to reshape the law to toss the folks ...
The Reagan years inundated American homeowners with advertising campaigns encouraging them to borrow against their homes to take dream vacations. This was the first time, in history, when people imagined the way to get rich was to run in to debt.
The Bank of North Dakota has garnered attention for its continued profitability. Momentum is building for a sane kind of banking system that works for the people and state instead of the bottom line of banks and shareholders.
You couldn't pick two more opposing industries than Wall Street and the fashion industry -- except perhaps that both value men in beautifully tailored power-suits.
On Christmas Day in 2005, during my junior year of college, my mother gave me a copy of the Small Business Opportunities magazine in my stocking. To t...
Inside Job cuts through the fog of disinformation and punditry to expose the truth about a catastrophic event, clarifying for the everyman the financial meltdown of 2008 that wrecked the lives of millions.
Inside Job explains complex ideas with a clarity and skill that make them comprehensible to anyone willing to pay attention. But Charles Ferguson does it in a way that doesn't dumb things down.
An interesting by-product of any downturn in an economy is that you can categorize the stakeholders into four categories -- victims, users, scavengers and survivors.
When you steal a lot of money, you go to jail. Obama doesn't just need tough talk for Wall Street, he needs to prosecute the frauds that were committed, and explain them to the American people.
I'm not sure that Alexandra Lebenthal intended to write a book that can be taken this seriously. And yet this is a book Balzac would have enjoyed.
What is the penalty for bankers who tell $40 billion lies? Somewhere between nothing and a rounding-error on your bonus.
Many market participants were actually waiting for the US legislation to look at the architecture of finance in the 21st Century. That is exactly what was delivered last week.