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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
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