Nov
14
How to Visualize the Financial Crisis
November 14, 2008 | Leave a Comment
Mint.com has created a diagram of the financial sub-prime crisis. Head on over and take a look. As far as I can tell, it's accurate based on the sources I've read so far. I've been trying to explain this to friends, family and co-workers and this chart makes it much easier.
I think this recent round [...]
Nov
12
The End of Wall Street
November 12, 2008 | 2 Comments
Not to beat a dead horse, or bull in this case, but Wall Street as we know it seems to be gone. As a child of the 80's, I watched my share of Charlie Sheen/Michael Douglas/Michael J Fox movies. Wall Street was the place where kids with big dreams went to make it.
Michael Lewis wrote Liar's [...]
Sep
26
Wall Street No Longer Exists
September 26, 2008 | Leave a Comment
The Wall Street Journal (ironically) published an article stating that Wall Street for all intents and purposes no longer exists. Now that the investment banks are commercial banks Wall Street is not the same.
With Goldman Sachs and Morgan Stanley becoming commercial banks, and the other three big investment banks/brokerage houses being acquired by commercial banks, [...]