This video from American Public Media is the best explanation of Collateralized Debt Obligations (“CDOs”) I have ever seen. It lasts six minutes. If you have any questions about the roots of our financial crisis, watch this video. Crisis explainer:...
On Thursday, April 15, Anna Bernasek will guest blog on Acrimoney. Her post—Top 5 Ways for Wall Street to Regain Trust—is timely to say the least. Make sure to check back and see what Anna means when she advises banks: “Eat your own cooking.” I met Anna in...
Film industry seeks to block movie exchanges Last January, I borrowed from Henry Hu at the SEC and wrote, “Some derivatives turn banks into ’empty creditors’ that don’t care whether debtors survive or fail.” Shuttling credit risk back and...
You heard me right. That’s speed dating. Not speed skating. I’m in Amsterdam, where I spoke about confidence in the capital markets at a seminar hosted by NRC Focus. Over the last few days, there have also been plenty of interviews for the Dutch language...
The E.U. is getting tough with member nations according to The New York Times. Strong warnings to Germany, France, Spain, Italy, and the Netherlands. Get your your budget deficits in order, or else…. Excuse me if I don’t buy it. Here are three things you...
I just watched the 60 Minutes segment on Michael Lewis and his new book, “The Big Short.” He had some terrific sound bites including my favorite about AIG: “…they didn’t know the mistake they were making.” Here’s one reason...
The New York Times describes my novels as “money porn,” “a red-hot franchise,” and “glittery thrillers about fiscal malfeasance.” Through fiction I explore the dark side of money and the motivations of those who have it, want more, and will steamroll anybody who gets in their way.
The New York Times describes my novels as “money porn,” “a red-hot franchise,” and “glittery thrillers about fiscal malfeasance.” Through fiction I explore the dark side of money and the motivations of those who have it, want more, and will steamroll anybody who gets in their way.