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Margin Call Review, and Life Imitates Art at MF Global
Margin Call imitates life in the last hours of Lehman Brothers and "life" imitates art in the last days of Jon Corzine's MF Global.
42 commentsFROM HOOVERVILLE TO OBAMAVILLE: A New Breed Of Homeless Emerges From The Embers of The Great Recession
Economic catastophe has hit the United States before. The Great Depression caused devastation and country wide homelessness from 1929 to the early 40's. Colonies of homeless built shanty homes to dwell in, these shanty's were called Hoovervilles for the Herbert Hoover, the president in office. Today, our Great Recession, caused by the housing bubble burst in 2008, has seen thousands homeless turn to living in tent colonies. Those colonies are called "Obamaville."
3 commentsChief Financial Officer Duties
CFO's Checklist When formulating a financial plan and financial policies for his firm the financial manager will find the outline and other information on this page useful. The outline was prepared for Professor Pearson Hunt's financial management course at Harvard Business School.
10 commentsRecession: What is it and How did we get there?
Second quarter 2008 First of all, it hasn't yet been determined that the United States is currently in a recession. The National Bureau of Economic Research, the major (and supposedly unbiased) research organization amongst economists, has a special...
18 commentsThe Tumble of Post-Industrial Society
The Tumble of Post-Industrial Society By Dmitriy Belyanin The sub-prime mortgage crisis in the United States of America and the beginning of recession in Europe have created doubts about the sustenance...
0 commentsCORPORATE LEADERSHIP,VALUES AND DECISION-MAKING--at Harvard Bus. Sch.-Hewlett/ EXXON/Richard Branson/Tyco
Coincident with the trial and conviction of Harvard Business School alumnus, Jeffrey Skilling, and hits on the business community delivered by Eliott Spitzer in the mutual fund, investment banking, brokerage and insurance industries, HBS instituted a required MBA course in business ethics.
4 commentsWhich banks are in the most trouble now?
After Friday afternoon's news that IndyMac Bancorp was being taken over by the government and then reopened yesterday under the new name IndyMac Federal Bank, the worry on Wall Street and Main Street has grown...
18 commentsTwo more banks fail, Mutual of Omaha acquires deposits
Just two weeks ago IndyMac became the second largest bank failure in our country's history. Ever since that time, the speculation has become more and more rampant by the day as to which bank may be the next...
3 comments10 American Financial Meltdowns in the Past Century
Banks failed, stock prices collapsed, and panic descended on Wall Street. Americans were holding their collective breath as a rescue plan was hastily drafted. The 2008 financial crisis? Nope - it was the...
2 commentsMortgage Meltdown- The Beginning Part 2
The information I am giving is of course in my words only and my experience related work. I have not referenced a lot because I was working through all of these years and while I may be leaving out some of the...
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