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Dr. Kalinda Rose Stevenson
Banks’ Self-Dealing Super-Charged Financial Crisis
by Jake Bernstein and Jesse Eisinger ProPublica, Aug. 26, 10:09 p.m.
Over the last two years of the housing bubble, Wall Street bankers perpetrated one of the greatest episodes of self-dealing in financial history.
Faced with increasing difficulty in selling the mortgage-backed securities that had been among their most lucrative products, the banks hit on a solution that preserved their quarterly earnings and huge bonuses:
They created fake demand. Read more
Sphere: Related ContentTags: bank, bankers, banking, cdo, cdos, collateralized debt obligations, financial crisis, foreclosure, housing bubble, lending, money, mortgage backed securities, mortgage bonds, mortgages, subprime, subprime mortgage, Wall Street
Financial Crisis Silver Lining: The Money-Making Mindset Entrepreneurs Can Learn From Bankers
The global financial crisis has a money-making silver lining for entrepreneurs.
The idea of a “silver lining” comes from the old proverb, “Every cloud has a silver lining.” The proverb looks for some unexpected good outcome following some bad event.
For many entrepreneurs, business owners, real estate investors, and wage earners, the financial crisis is all too real, leaving millions with devastating losses.
What is the silver lining in all of this? Read more
Sphere: Related ContentTags: bank meltdown, bankers, banks, entrepreneur, financial crisis, make money, making money
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