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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
Make Money Formula: Entrepreneurs…Do You Know The One Essential Ingredient The Bankers Left Out?
The “make money” formula is really very simple, yet some of the biggest banks in the world got it wrong because they left out one essential ingredient.
What is the formula and what essential element did the failed and bailed out banks leave out? Read more
Sphere: Related ContentTags: banking crisis, banks, financial crisis, make money, making money, mortgages, securitization, value
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
Banking Crisis: Why The Banks Went Broke Making Money From Mortgage Loans
The banking crisis raises many questions.
Do you wonder how banks that claimed to hold billions of dollars in real estate mortgage assets could go broke?
And most importantly, how did a banking crisis involving mortgages turn into a global financial crisis that affects all of us? Read more
Sphere: Related ContentTags: bank crisis, banking, banking crisis, economic crisis, financial crisis, make money, money making, mortgage loan, mortgage loans, no doc, no doc mortgage, no docs, subprime, subprime mortgage
House votes to restrict Wall Street pay: Congress acts to end million dollar bonuses paid with bailout money
The United States House of Representatives passed a bill that restricts bonuses to bank executives.
Nothing has enraged ordinary people more than the idea that the biggest banks used bailout money to pay huge bonuses to their executives.
The House voted Friday to slap restrictions on how Wall Street executives are paid after nine banks that took government bailout money rewarded thousands of their employees with bonuses topping $1 million each. House Votes
In the same year the banks were failing, and taking billions of dollars in bailout money, the banks were paying their executives million dollar bonuses. Read more
Sphere: Related ContentTags: bank bailout, banks, Barney Frank, executive bonuses, financial crisis, Glass-Steagall, House of Representatives, make money, recession, Wall Street
Money Making Blind Spot. Why Economists Couldn’t See The Financial Crisis Before It Happened.
Money Making Blind Spot. One of the most disturbing elements of the current financial crisis is that so few people saw it coming. This is especially true of people who spend their entire lives studying economics and financial markets.
This is why a statement, such as the one by the former Chairman of the Federal Reserve, Alan Greenspan, is such an astonishing admission. In testimony before the House Oversight Committee in October 2008, Greenspan admitted that that he was shocked at the economic crisis. He never saw it coming, Read more
Sphere: Related ContentTags: economics, economists. Alan Greenspan, finance, financial crisis, make money, make money insight, making money, money making, Niall Ferguson, Robert J. Samuelson
When Creative Financing By Banks Gets Out Of Control
What is the basic cause of the financial crisis? It is the process called creative financing, because creative financing creates money. Creating money is different from mining for gold or drilling for oil. Mining and drilling seek to find something that already exists. But money cannot be discovered the way that gold or oil can be discovered. Money is an idea of value and is created in transactions. Read more
Sphere: Related ContentTags: bailout, banks, banks create money out of thin air, creative financing, financial crisis, money, real estate
How You Can Create Financial Freedom In A Time Of Financial Crisis
The financial crisis fills the news. Each day, we hear about more billions for stimulus packages to banks “too big to fail.” We also hear dire warnings about the collapse of major corporations, such as the Big Three auto makers in the United States. The crisis is real, as is spreads throughout our entire economic system, both nationally and internationally. Read more
Sphere: Related ContentTags: bailout, banks, banks create money out of thin air, entrepreneur, financial crisis, financial freedom, freedom equation, hero, heroic story, Main Street, No Money Limits for Real Estate Investors, rescue, salvation, Wall Street
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