Skip

381 posts tagged with finance.
Displaying 301 through 350 of 381. Subscribe:

This is what happens when you lend money to poor people.

"I had no idea how my open-handedness could be made to look, after the fact. At the time I bought the subprime portfolio I thought: This is sort of like my way of giving something back. I didn't expect a profile in Philanthropy Today or anything like that. I mean, I bought at a discount. But I thought people would admire the Wall Street big shot who found a way to help the little guy. Sort of like a money doctor helping a sick person. Then the little guy wheels around and gives me this financial enema. And I'm the one who gets crap in the papers!" -- Michael Lewis on the subprime meltdown
posted by GrammarMoses on Sep 8, 2007 - 42 comments

Minsky Meltdown ahead?

Minsky Meltdown ahead? Named after Hyman Minsky, an economist who was known for his research concerning financial crises, specifically asset bubbles based on credit cycles. [much more inside]
posted by umop-apisdn on Aug 29, 2007 - 75 comments

What's up at the Fed?

A fairly lucid description of recent actions of the Federal Reserve.
posted by landis on Aug 17, 2007 - 86 comments

21st century financial panic

A New Kind of Bank Run. ...a new financial architecture has emerged that relied more on securities and less on banks as intermediaries. With the worth of [these new] securities now being questioned — and no equivalent of deposit insurance — some who financed the securities want their money out, a fact that has created the 21st-century equivalent of a run on a bank. . It's no wonder these securities are being questioned, when some are based on Ninja mortgages and foreclosures are up 58% from last year.
posted by storybored on Aug 10, 2007 - 51 comments

Damnit Jim, I'm a doctor not a stock broker!

Just how bad is it Jim? Cramer, no not Kramer, melts down on live TV and tells a very large audience to stop trading. Is the US economy heading toward collapse?
posted by spish on Aug 7, 2007 - 133 comments

A world of Casey Serins

What's the link between:
1) the quickly-growing number of American homeowners becoming unable to pay their mortgages after their ARM's reset (a trend nicknamed "ARMageddon" -- applicable in the UK too), which is translating into soaring foreclosure rates, and in turn forcing at least 60 US semi-shady mortgage brokers to go belly-up in the past year (i.e. the "subprime meltdown"), and...
2) the recent implosion and impending financial bailout -- which may become the biggest since the Long Term Capital Management fiasco of 1998 -- of two Bear Stearns hedge funds which dealt in mortgage securities? [more inside]
posted by Asparagirl on Jul 11, 2007 - 123 comments

New Supreme Court Opinions

A very big day for the Supreme Court. In Morse v. Fredrick, the Court ruled that a school could suspend a child for holding up a "Bong HiTs for Jesus" banner. (Previous post here). In Hein v. Freedom from Religion, the Court held that taxpayers lacked standing to challenged Faith Based Initiatives (previous discussions). In Wilke v. Robbins, the Court held that land owners do not have Bivens claims if the federal government harasses landowners for easements. In FEC v. Wisconsin Right to Life, the Court held that the portion of the campaign finance law which had blackout periods before elections on issue advocacy advertising was an unconstitutional restriction of speech (other). This Thursday, the Justices will deliver their last opinions of the term, including a death penalty case and the school assignment cases. (Opinions are .pdfs)
posted by dios on Jun 25, 2007 - 224 comments

Dems funded by war profiteers! Exclusive! **Must cite MetaFilter**

AestheticallyUnappealingBedfellowsFilter: "George Soros initiated holdings in Oil Equipment & Services company Halliburton Co.. His purchase prices were between $27.62 and $33.53, with an estimated average price of $31.3. The impact to his portfolio due to this purchase was 2.02%. His holdings was 1,999,450 shares as of 12/31/2006. Halliburton Co. closed today at $30.05." Maybe he's 'culture jamming'? Might raise some amusing ethical conundra in any case.
posted by waxbanks on Mar 1, 2007 - 53 comments

Learn About the Stock Market While Wasting Time Online

Want to learn about investing? Morningstar, an independent investment researcher, is offering 172 free online "classes" on stocks, bonds, funds, and portfolio building. And there's nifty quizzes at the end of each lesson where you can earn points that can be used for Morningstar products.
posted by ThePinkSuperhero on Jan 9, 2007 - 20 comments

The Trouble with Enron

Open Secrets - the trouble with Enron
posted by Gyan on Jan 2, 2007 - 68 comments

Cash & Hemlock Partners LLC

EarthShell, a small Maryland company that makes environment-friendly packaging (among others) may wink out of existence thanks to PIPEs, or private investments in public equities. Who likes PIPEs? Hedge Funds, mostly. Companies that take the pipe, as it were, may be sealing their doom. 10 percent of PIPE deals done this year are 'death spirals', where the company's stock price plummets from short selling by the financiers who structured the deal in the first place. And of course it's legal if you don't get caught shorting the stock naked and covering with the shares from the PIPE. (BTW, http://www.earthshell.com appears to be on the margins now or I'd have linked it).
posted by nj_subgenius on Dec 27, 2006 - 24 comments

New Twist on the Credit Card Game

How can a credit card company fool you? Let me count the ways. When Brad Kehn received his first credit card from Capital One Financial in 2004, it took him only three months to exceed its $300 credit limit and get socked with a $35 over-limit fee. But what surprised the Plankinton, S.D., resident more was that Cap One then offered him another card, even though he was over the limit -- and then another and another.
posted by storybored on Dec 10, 2006 - 104 comments

Mandelbrot on Fractals as A Theory of Roughness.

A talk with Benoît Mandelbrot, entitled Fractals in Science, Engineering and Finance (Roughness and Beauty) [video, 80mins, realplayer] about fractals as A Theory of Roughness.
posted by MetaMonkey on Dec 3, 2006 - 5 comments

Dilbert's Rules for Investing

Everything you need to know about investing in 129 words.
posted by alms on Oct 15, 2006 - 58 comments

The 'greater fool' theory writ large

The Motley Fool's new CAPS stock-picking system keeps track of your stock picks and whether they outperformed or underperformed the market. Then everyone's picks are aggregated, weighted by the quality of their past records, to rank individual stocks. Here's how it works. (more inside)
posted by ikkyu2 on Oct 4, 2006 - 13 comments

October Surprise

Something wicked this way comes. There are a huge number of October 6th put options for the big indexes, just like the massive put options that took place just prior to 911. Fear the "October Surprise."
posted by augustweed on Oct 1, 2006 - 44 comments

the next debt bubble?

Plunging into the shadows: "In thinly traded, lightly regulated and untransparent markets, the bold can make an awful lot of money—and they can lose it on an even more extravagant scale... In today's caffeine-fuelled dealing rooms, a barely regulated private-equity group could very well borrow money from syndicates of private lenders, including hedge funds, to spend on taking public companies private. At each stage, risks can be converted into securities, sliced up, repackaged, sold on and sliced up again. The endless opportunities to write contracts on underlying debt instruments explains why the outstanding value of credit-derivatives contracts has rocketed to $26 trillion—$9 trillion more than six months ago, and seven times as much as in 2003."
posted by kliuless on Sep 24, 2006 - 27 comments

The Net Democracy Guide

The Net Democracy Guide contains a lot of neat information regarding political activity online. Whether you're a Freeper or prefer DU, this site discusses a lot of the legal formalities regarding political activity online and who is and is not subject to campaign finance laws. via
posted by Doohickie on Sep 12, 2006 - 1 comment

Peronal finances, or how I learned to stop worrying and invest in a 401k

Get Rich Slowly, a personal finance web site (created by our jdroth), has been educational to someone who spent most of his life until now pretending financial matters don't exist. His blog is updated frequently, and contains insightful tips on living frugally, eliminating debt, saving and investing. Between his site, and another very educational site entitled I Will Teach You To Be Rich (start here), I've greatly expanded my knowledge about managing my money effectively. Perhaps most importantly, they're both consistently interesting and easy reads. [more inside]
posted by knave on Aug 1, 2006 - 73 comments

Your sensible source for apocalyptic predictions.

itulip.com has returned. Back in the go-go days when Internet stocks ruled the world, iTulip was one of a very few voices warning about the Nasdaq bubble and the likely fallout. (Prudent Bear was another.) As bad as things got, the overall financial bubble never really popped, it just shifted into debt and real estate after furious slashing of interest rates and money-printing by the Fed. Financial manias are terrible; their unraveling has been compared with economic nuclear weapons. (cf: The Secret History of the South Sea Bubble [amazon book link] and the Dutch Tulip Mania.) The only good solution to a bubble is not to have one in the first place. [more inside]
posted by Malor on Mar 15, 2006 - 13 comments

Popularity, therefore Authority?

John T. Reed’s analysis of Robert T. Kiyosaki’s book 'Rich Dad, Poor Dad'. [cache] Kiyosaki has spun a business empire off his book, including follow up publications, TV appearances and columns that make suprisingly broad statements about what's worth doing.
posted by Firas on Feb 25, 2006 - 24 comments

Loans that change lives.

Kiva allows users to sponser small business enterprises in developing countries through flexible loans. By getting repaid and reinvesting, it's a really cool way to give a sustainable gift that keeps on giving.
posted by rollbiz on Feb 23, 2006 - 30 comments

IOU 2.0

BillMonk is a new way of tracking informal debts with your friends. Web 2.0 nonsense or a viable solution to those awkward 13-way restaurant bills? Not to be confused with Zopa, another social money project...
posted by runkelfinker on Jan 23, 2006 - 24 comments

Financial fan fiction from Forbes

The Forbes Fictional 15 -- it is list season, after all--the usual suspects, and some new entries. Daddy Warbucks (Net Worth: $27.3 billion, attended SUNY Stony Brook) gets this: Iraqi conflict has been kind to Warbucks; recipient of multiple defense contracts; cat-food holdings also up.
posted by amberglow on Dec 5, 2005 - 49 comments

Shareholder activism

Carl Icahn's Time Warner efforts find a powerful ally in "white-shoe" investment bank Lazard. Wall Street M&A advisors have been hesitant to support efforts by Icahn and his hedge fund brethren in their share-holder activist efforts for fear of alienating fee-paying corporate clients (investment banking, legal and registration fees on the Time Warner/AOL deal were approximately $300 million). By hiring Lazard, which is led by banking legend Bruce Wasserstein (1,2,3), Icahn is surely raising the intensity of his campaign against Time Warner management. Icahn has been successful in previous shareholder activist campaigns, most notably against Blockbuster (1,2), and talks a pretty mean game. Wall Street will be watching this closely - hedge fund activism is becoming a very real fear for company management/directors: Circuit City/Highfields Capital, Wendy's/Pershing, Bally's Fitness/Pardus Capital & Liberation Investment Group, Axciom/ValueAct Capital, MSC Software/ValueAct Capital (reg. required), Beazer Homes/Tontine Capital (second story on page) and more.
posted by mullacc on Nov 30, 2005 - 9 comments

Leonard Cohen is broke.

Leonard Cohen is broke. The legendary singer's manager allegedly helped herself to more than $5 million of Cohen's savings while he was busy training as a Buddhist monk. Cohen's manager also convinced him to sell his back catalogue and continuing royalties—profits from both sales were allegedly taken by the same manager.

At the age of 70, Cohen's retirement savings have been depleted to under $150,000 and he is being forced to return to full-time touring and recording.
posted by huskerdont on Sep 5, 2005 - 67 comments

In Bowie We Trust... again?

An unexpected side effect of iTunes. Remember Bowie Bonds? Introduced in 1997, bonds tied to future profits of music artists (besides Bowie, James Brown and the Isley Brothers offered them) tanked with the advent of online filesharing. Thanks to iTunes, some on Wall Street are betting that the Bowie Bond is a concept with a future.
posted by me3dia on Aug 23, 2005 - 16 comments

Thus Spake Mathematica...

This might be the only time in your life you get to hear this because the finance industry survives soley on large-scale ignorance, so listen very closely. There is NO housing bubble in the US. NEVER invest in actively managed funds. Financial lamers do better than financial jocks (and almost everyone else). .

Sadly however most of you won't have the mathematical knowledge to differentiate the advice backed by several Nobel laureates and world-renowned academics from the "advice" of any of the thousands of horny little evangelists spruking their financial "theories" for profit or fame.
posted by DirtyCreature on Jun 20, 2005 - 78 comments

"Banking establishments are more dangerous than standing armies." ~ Thomas Jefferson

Wall Street's Complicity in Financial Scandals. While the blame is parsed amongst the CEOs of companies like Worldcom, Tyco, Healthsouth, Enron, that swindled their investors for billions of dollars, prosecutors are also heading after the banks that funded their rise. Citicorp was just forced to pay $2 billion to investors for their association with Enron (NYT), for encouraging people to invest against good judgment in companies that Citicorp would profit from.
posted by destro on Jun 10, 2005 - 3 comments

MetaMoney

MoneyChimp - a "coherent, logical, useful and accessible financial education resource".
posted by daksya on Jun 9, 2005 - 4 comments

Free Credit Report

If you live in the South/Southeast U.S., as of today you are able to get your Free Annual Credit Report via Equifax, Transunion & Experion. Chose one service every fourth month and get reports year-round.
posted by Pressed Rat on Jun 1, 2005 - 12 comments

Remember Long Term Capital Management?

Remember Long Term Capital Management? The hedge fund whose collapse threatened “a systemic crisis in the world financial system”? Most people in the investment industry claim that they have learned the lessons of LTCM, but what about the rise of synthetic CDOs, “complex structures that employ wads of credit derivatives to build leverage on top of leverage-what some skeptics call "imaginary" structures?" Investments in these financial instruments has exploded from under 1 trillion USD in 2001 to more than 5 trillion at the end of last year. Are problems with synthetic CDOs behind the recent rumors of "hedge fund frailty?" largely stolen from The Agonist
posted by afu on May 17, 2005 - 24 comments

no interest, no profit?

Islamic finance --doing business according to Shari'a. ...Pious Muslims are not allowed to invest in industries that have ties to tobacco, alcohol, weapons, pornography or pork products. Since the law prohibits banks from charging or paying interest, Noriba and other Islamic Financial Institutions (ifis) instead make money by using a system based on the sharing of capital gains or losses. But even with post-Sept. 11 suspicions that Islamic banks may fund terrorist organizations, demand for the services of ifis is on the rise from the towers of Bahrain to the streets of London. Indeed, they represent one of banking's hottest sectors. ... more here
Socially-conscious investing of a different sort?
posted by amberglow on May 6, 2005 - 15 comments

$11.5 Trillion Lost In Bermuda Triangle

$11.5 Trillion Lost In Bermuda Triangle In case you've ever wondered just how much money the mega rich keep nice and tax free in off shore shelters, it's $11.5 trillion.
posted by expriest on May 6, 2005 - 46 comments

Class action!

Who here hasn't been a bit short before payday? Jacob Ayrton of Calgary took out a payday loan of $500. Two weeks later he owed Payroll Loan Canada $606.32 (a $95 "brokerage fee" and 59% interest for a whopping 15,000% per annum charge.) Yesterday, an Alberta judge certified a class-action suit against so-called payday lenders with Mr. Ayrton as lead complainant. "These companies really exploit people who are vulnerable," said his lawyer. A fast-growing franchise opportunity for investors, payday loan operations are facing increased scrutiny in Canada and the U.S. (NC, NV, IL.)
posted by docgonzo on Apr 27, 2005 - 43 comments

Financial sensibility... in America? Wow!

This is not science fiction. It's really happening. (Links to Slate article) Apparently contrary to expectations, Americans seem to be exercising financial sense and paying down their credit card debt. Well, how about that! :) Anyone else here doing this?
posted by zoogleplex on Apr 25, 2005 - 116 comments

Wall Street

Wall Street - How it Works, and for Whom, by Doug Henwood. Sold over 20,000 copies as paperback. Acclaimed by Crooked Timber. Available for free under a Creative Commons license (Amazon).
posted by andrew cooke on Apr 8, 2005 - 8 comments

Contenders to the throne

Hi-Tech's New Day - Since the collapse of the Nasdaq bubble and the dotcom fizzle, the last five years have been particularly hard on technology entrepreneurs. But lately, there's been a bit of a resurgence (what with the Google IPO and Apple's second wind and all). Not that the boom is going to resume, by any means, it's just encouraging that tech innovation continues apace and is again being rewarded in the marketplace! [really i'm just posting this cuz there seems to be a new intarweb celebrity power couple on the block (via a.whole #1) :]
posted by kliuless on Apr 7, 2005 - 3 comments

Sign on the X

Testing the limits of credit card receipt signatures. Are there any?
posted by DBAPaul on Jan 14, 2005 - 62 comments

Free Annual Credit Reports

Free Annual Credit Reports
The Fair and Accurate Credit Transactions Act of 2003 goes in to effect today. One of the major provisions of the bill, is that consumers now have the right to one free report from each of the three major credit bureaus every 12 months. [more inside]
posted by Steve_at_Linnwood on Dec 1, 2004 - 37 comments

Export Credit Agencies--The Secret Engine of Globalization

Worse Than the World Bank? Export Credit Agencies--The Secret Engine of Globalization The amount of investment that export credit agencies (ECA) support worldwide is significantly greater than the total amount of lending from the World Bank, IMF and all other multilateral institutions combined. ECA's account for the single biggest component of developing country debt and half of all new greenhouse gas-emitting industrial projects in developing countries have some sort of ECA support. Investments in places like Guatemala, South Africa, Pakistan, Chile [PDF], have had unacceptable social, environmental and economic consequences. Administered or backed by a government, an ECA uses taxpayer money to make it cheaper and less risky for domestic corporations to export or invest overseas. ECAs privatize the profit and socialize the risk while negatively impacting indigenous cultures and enironments, all with little or no governmental oversight or public awareness of the matter. So what can we do about it? [PDF]
posted by faux ami on Nov 26, 2004 - 14 comments

They're only in it for the money

Your Check Won't Float As of Thursday, October 28, "floating" checks will become a thing of the past. Be forewarned or stand by for major insufficient funds fees on your accounts. More info inside.
posted by Pressed Rat on Oct 26, 2004 - 71 comments

Blogs of the billionaires

George Soros' blog: hot on the heels of the early-adopter in chief, Bill Gates, George Soros has joined the blogging community. Needless to say, the onetime scourge of British monetary policy is not using LiveJournal but he does have a provocative position over the war in Iraq. Warren Buffet by contrast, despite having signed on as a Kerry economic adviser, appears to concur with the pre-emption doctrine. Does anything about the US election make sense anymore? The capital markets seem to have agreed that the outcome point is moot - can popular opinion (.pdf) be far behind? Some disagree. (.pdf)
posted by dmt on Oct 2, 2004 - 8 comments

Damn it Jim, I'm an Accountant Not a Cook

America's Black Budget - the Manipulation of Mortgage and Financial Markets Investors benefit from understanding the federal budget, credit policies and covert intervention that drive markets -- often overriding fundamental economics. How has the US governmental apparatus become so powerful in the marketplace and what does it mean to the health of our economy? How unstable is the mortgage bubble and where are the opportunities for investors if the bubble bursts?
posted by willnot on Jun 28, 2004 - 21 comments

Ponzi!

What's a Ponzi Scheme? Enron was described as a Ponzi scheme. Social security has also been described as a Ponzi scheme. The originator of this scheme was Carlo Ponzi who led an interesting life and bought a nice pink house with his ill-gotten gains. There's even a website where you can read about him in more detail, including the intro to his autobiography.
posted by dodgygeezer on Jun 16, 2004 - 9 comments

Pop Goes the Bubble

Is a Market Disaster Immement? The Federal Reserve has confirmed [a] Stock Market Crash forecast by raising the Money Supply (M-3) by crisis proportions, up another 46.8 billion this past week. What awful calamity do they see? Something is up. This is unprecedented, unheard-of pre-catastrophe M-3 expansion. M-3 is up an amount that we've never seen before without a crisis
posted by willnot on Jun 2, 2004 - 45 comments

What is the future of the US stock market?

Why Stock Markets Crash : Critical Events in Complex Financial Systems. Professor Didier Sornette of UCLA has some very interesting things to say about stock markets. In his book, he explains how his "theory of cooperative herding and imitation [...] has detected the existence of a clear signature of herding in the decay of the US S&P500 index since August 2000 with high statistical significance, in the form of strong log-periodic components." Although his timing has been just a bit early, the theory, the predictions to date and the pictures are all pretty uncanny. This is easily the most interesting book on the stock market I have ever read and provides interesting and believable hypotheses about things I never imagined could have rigorous explanations. For an overview, here is an interview with the author.
posted by muppetboy on May 14, 2004 - 19 comments

$14 into $1,000 in one year

I'm not a fan of followup posts, but this is cool enough to mention. Remember the challenging question of how to turn $14 into $1,000? BirdD0g has taken that noodle-scratcher of a problem and turned it into his personal challenge, and he's taking everyone along for the ride at 14bucks.com. He's got until April 15, 2005 to turn it over into a grand, which sounds like plenty of time, but that's a lot of profit to turn over (7000% return on investment). Who wants to take my $14 bet it doesn't happen?
posted by mathowie on Apr 29, 2004 - 38 comments

One more bubble, please.

Word on the street is google has filled for an IPO. Hot Damn!
posted by chunking express on Apr 29, 2004 - 35 comments

MPT. Empty?

Chris Leithner on the state of finance. Modern Portfolio Theory is central to most business-school investments curricula, but it has its detractors.(last link pdf)
posted by Kwantsar on Apr 26, 2004 - 3 comments

Page: 1 2 3 4 5 6 7 8
Posts