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Hello, my name is I went to Harvard.

Pay to play. The children of big-donor Harvard alums are systematically given preference over legacy offspring of lesser means. Additionally David Karen, now a professor at Bryn Mawr, concluded that alumni children at Harvard lose most of their admissions advantage if they apply for financial aid.
posted by The Jesse Helms on Apr 7, 2008 - 95 comments

Inflation in Zimbabwe

Inflation in Zimbabwe recently reached 160,000%. Get in on the ground floor now by purchasing a $50,000,000 bill (currently selling for 20,000x its value). Dare to become a millionaire!
posted by splatta on Apr 7, 2008 - 93 comments

wooo realestate implosion buddy! ^5

The Most Important Article You Did Not Read This Week Now, it is true that the most important article you probably didn’t read contains all the usual hair-raising things you’d expect to see about the real estate market, including “developers under siege,” “signs of weakness in key markets,” developers “slashing prices,” and the head of a major builder advising “that people wait three to four years before purchasing a new home.” But the most important article you probably didn’t read is not about real estate markets in Naples, Florida, or Sacramento, California. It is about China. [ full WSJ article here]
posted by Stynxno on Mar 28, 2008 - 43 comments

bank shot

Little by little, millions of Americans surrendered equity in their homes in recent years. Lulled by good times, they borrowed — sometimes heavily — against the roofs over their heads.

Now the bill is coming due.
posted by plexi on Mar 27, 2008 - 122 comments

Rent Vs. Buy Myths That Ruined the Housing Market

Rent Vs. Buy Myths That Ruined the Housing Market
posted by Afroblanco on Mar 21, 2008 - 107 comments

Everyone hates Ben Bernanke

Columbia Business School doesn't like Ben Bernanke. The Previous Link is a Music Video from Columbia Business School. No Billy Joel, but it is a music parody. You might not like music parodies which is A-Okay, but this is a financial focused music parody from a business school improv group. It made me smile wanely a few times, but I still enjoyed it. You might not. I am sorry if you do not. If you don't, maybe you would like a video about munchkin kittens. [more inside]
posted by Lord_Pall on Mar 19, 2008 - 22 comments

The fierce urgency of cashing out now.

Payback is a b*tch. Former presidential scandal Gennifer Flowers is putting the tapes of her recorded conversations with Bill Clinton -- which she was previously offered $5 million for -- up on the auction block. [more inside]
posted by markkraft on Feb 25, 2008 - 65 comments

Lots and lots of money.

David Horvitz will do things for money. [more inside]
posted by flatluigi on Feb 24, 2008 - 92 comments

But if the vaults are empty, what will Scrooge McDuck swim in?

According to the latest biweekly numbers released last Thursday by the Federal Reserve, for the two weeks that ended January 16th American banks had negative $1.3 billion in non-borrowed reserves. This is, historically, extremely unusual; just two months ago they had $30 billion (positive, of course) in non-borrowed reserves. The only reason some banks haven't been shut due to insufficient -- negative! -- reserve requirements is that the Federal Reserve is currently loaning them enough money through the brand new TAF (Term Auction Facility) program (also running in Canada and Europe) to make up their shortfalls. Today's TAF press release says that 52 American banks or institutions are currently receiving loans totaling ~$40 billion -- but the Fed refuses to name who they are. [more inside]
posted by Asparagirl on Jan 29, 2008 - 162 comments

Look out below...!

While the US equities markets were closed on Monday for Martin Luther King Day, stock markets around the world took a nosedive, losing billions in equity; the markets in Australia, South Korea, Japan, China, Indonesia, Hong Kong, Germany, France, the UK, and more countries have dropped at least 5% each (Canada only fell 4.75%), even though most of those markets had already been seriously down for several days prior. India has been hit particularly hard, at one point down a whopping 11%, tripping their markets' automatic "circuit breakers" for a mandatory time-out period, before scraping back up to close at 8% down. US futures markets are currently predicting a 650+ point drop just at the open Tuesday morning, before even a single trade goes through. [more inside]
posted by Asparagirl on Jan 22, 2008 - 306 comments

50 fun facts about banks.

50 fun facts about banks.
posted by jbickers on Jan 16, 2008 - 40 comments

Moneygami

Moneygami. Money folded to look like people wearing hats. (Via.)
posted by Astro Zombie on Dec 16, 2007 - 21 comments

Money as Debt

Money as Debt. Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple graphic terms what money is and how it is created.
posted by psmealey on Nov 24, 2007 - 61 comments

Economic Consequences

The Economic Consequences of Mr. Bush. "The next president will have to deal with yet another crippling legacy of George W. Bush: the economy. A Nobel laureate, Joseph E. Stiglitz, sees a generation-long struggle to recoup." [Via Firedoglake.]
posted by homunculus on Nov 18, 2007 - 70 comments

Ups and downs in the world of high art

Is the high end Art market finally tanking? A week or so ago, it sure looked like it. An important van Gogh piece did not sell, Sotheby's stock price went into shock. However, all is well this week as both Christie's and Sotheby's kicked it into high gear and set some new records. [more inside]
posted by psmealey on Nov 15, 2007 - 13 comments

Understanding the WGA Writer's Strike

As the Writer's Guild of America strike wears on into its second week, it seems appropriate to remember why they're striking in the first place. If you ask me, the terms seem almost too reasonable. But in the defense of the studios, I'm sure the businessmen involved have gotten used to spending those millions of dollars, and wouldn't want to see them go. Now that Broadway has shut down in allegiance to their Hollywood compatriots, things are looking grim for anything to be resolved without more financial bloodshed.
posted by GoodAaron on Nov 10, 2007 - 90 comments

Polo? Gucci? Google? I'm going to be a millionaire!

Do you know a young 20 something hipster who is too busy spending their parents money on beer, poorly fitting clothes and blogging about the newest band reinventing music from 20 years ago? Is their waiter/bartending existence causing you to worry about their long term investment habits? Do they need some fisical responsbility in their young lives? Well you're in luck my friend! Thrasher Funds now offers the first mutual fund targeted to hipsters. With holdings in Apple, Gucci, H&M, and Louis Vuitton, this fund not only has it's pulse on your young hipster's generation, it also dresses the way they want! Get in on it today! via
posted by Stynxno on Nov 8, 2007 - 180 comments

Your Bottom Dollar

The pound has hit its highest level against the dollar in 26 years.
posted by chuckdarwin on Oct 30, 2007 - 75 comments

The total value of all your mines, mills, money bins, and so fourth is one multiplujillion, nine obsquatumatillion, six hundred and twenty-three dollars and sixty-two cents!

A miniature of Scrooge McDuck's money bin. (in the words of the model maker) This is a set of images documenting a model of the world's richest duck's money bin, built by me, using blueprints created by the great Don Rosa and Dan Shane.And remember Carl Barks - the mind behind the idea of a man storing all his money in a giant concrete bin.
posted by JBennett on Oct 25, 2007 - 30 comments

"Poor people sending even poorer people $100"

What is the most important antipoverty program in the world? The surprising answer is remittances, the earnings sent from overseas workers back home - which, according to a new study, totals over $300 billion a year. There is an interactive map that shows you the impact per country: over 10% of the GDP of economies such as Morocco, Jordan, and the Philippines comes from these payments, which are often the largest source of investment for most developing countries. The New York Times has a neat feature showing how global migration and remittances are tied together.
posted by blahblahblah on Oct 17, 2007 - 29 comments

Money, Beautiful and False

Stephen Barnwell makes meticulous bills for fictional worlds, such as the Dream Dollars of a lost Antarctic colony, complete with symbolism and backstories. He has introduced several new, more politically controversial fictional currencies for less ideal worlds: the United States of Islam, the State of War, and the Empire of America. He is not the only artist who imagines currency, there are the beautiful notes of Kamberra and the strange work of JSG Boggs [prev] who hand-draws almost real bills that subvert the lines between money and art, occasionally running into issues with the Secret Service on the way. On the borders between reality and fantasy is the new currency developed by foreign exchange specialists Travelex, the Quasi Universal Intergalactic Denomination, introduced to solve some of the problems in money in space, and which may actually be used by space tourists. [prev.]
posted by blahblahblah on Oct 16, 2007 - 18 comments

Leave the SIV, take the cannoli

At a time when fed-up American citizens are petitioning Congress to end the imprudent financial practices that caused the housing bubble sub-prime mortgage crisis liquidity crisis impending recession -- including the banning of SIV's and refusing any bailouts for Wall Street, banks, or mortgage companies -- the United States Treasury Department has just announced the creation of a giant-mega-ultra SIV called "M-LEC" made up of assets from several of the largest American banks. Already unofficially nicknamed "Sivie Mae" (or worse, "the Frankenstein Fund"), it would be an off-balance-sheet way for these banks to pool and price the ABCP's that they've lately been having trouble pricing and thus selling -- i.e. the liquidity crisis. [more inside]
posted by Asparagirl on Oct 16, 2007 - 82 comments

Advantages for sale to the most advantaged?

I Can Get Your Kid into an Ivy. A look at the practices of college admission consultant Michele Hernandez, who boasts a 95% acceptance rate for fees of up to $40, 000.
posted by reformedjerk on Oct 15, 2007 - 108 comments

$9 billion missing

Billions over Baghdad. "Between April 2003 and June 2004, $12 billion in U.S. currency—much of it belonging to the Iraqi people—was shipped from the Federal Reserve to Baghdad, where it was dispensed by the Coalition Provisional Authority. Some of the cash went to pay for projects and keep ministries afloat, but, incredibly, at least $9 billion has gone missing, unaccounted for, in a frenzy of mismanagement and greed. Following a trail that leads from a safe in one of Saddam's palaces to a house near San Diego, to a P.O. box in the Bahamas, the authors discover just how little anyone cared about how the money was handled."
posted by homunculus on Sep 27, 2007 - 50 comments

Rags to Riches to Rags

Watch the K Foundation burn a million quid. Google Video link to the full documentary, skip to 13:30 for the "money shot". [more inside]
posted by lazaruslong on Sep 22, 2007 - 40 comments

Cui bono?

On Tuesday, the Federal Reserve cut interest rates by 0.5%. Wall Street aggressively demanded the cut to stop the sub-prime mortgage contagion from triggering a credit crisis among large US and foreign investment banks and the collapse of their over-leveraged hedge funds, which ultimately threatened to drag the US economy into recession. The market rallied this week in response to the Fed's move. But there is no free lunch. [more inside]
posted by Pastabagel on Sep 20, 2007 - 99 comments

Canadian Money becomes Real Money

Parity - The Canadian Dollar is (almost) at equal value to the American Dollar for the first time since 1976.
posted by SansPoint on Sep 20, 2007 - 80 comments

Don't kill my Wife

Please Columbia Don't Kill My Wife
posted by Rubbstone on Sep 3, 2007 - 19 comments

eBay Arctic Ale Ouchy

Man buys Allsop, relists it as Allsopp - proving that on eBay, presentation is everything. via b3ta
posted by East Manitoba Regional Junior Kabaddi Champion '94 on Aug 31, 2007 - 38 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

Mo' money, mo' legislation

Is there a link between donations given and bills passed? MAPLight.org aims to help you find out, giving you the ability to compare contributions with how legislators voted. [Via]
posted by djgh on Aug 15, 2007 - 38 comments

“I can’t afford my wife.”

25 Anonymous Money Confessions A photo essay courtesy of the Personal Finance Advice blog.
posted by LadyBonita on Aug 7, 2007 - 16 comments

A million dollars ain't what it used to be...

In Silicon Valley, Millionaires Who Don't Feel Rich [NYTimes Link] Mr. Kremen estimated his net worth at $10 million. That puts him firmly in the top half of 1 percent among Americans, according to wealth data from the Federal Reserve, but barely in the top echelons in affluent towns like Palo Alto, Menlo Park and Atherton. So he logs 60- to 80-hour workweeks because, he said, he does not think he has nearly enough money to ease up.
posted by ThePinkSuperhero on Aug 5, 2007 - 142 comments

Skylines Carved Into Currency

Australian art student Nicholas Manion has hit upon a clever idea: delicately cut paper currency forming the skyline of major cities. Via.
posted by jonson on Aug 3, 2007 - 10 comments

Make Your Own Coin

Online coin generator. Sure, it's in German, but you can figure it out.
posted by mr_crash_davis on Aug 1, 2007 - 29 comments

Hail Abacha

Dear Friend, I am a Swiss Banker currently in possession of over $ 1 Billion in funds stashed away by the late dictator Mobutu Sese Seko of the Congo. Our Swiss Confederation President Micheline Calmy-Rey said her government is holding just $6.6m frozen in accounts. "We discussed the question of Mobutu's funds and my government is prepared to restore the money to the DR Congo as soon as possible," Ms Rey told reporters in the DR Congo capital, Kinshasa, after talks with Mr Kabila. But we can help you get the rest of the 92.4 million dollars if you will just send us your bank account number and call to confirm your ID and pin number.
posted by infini on Jul 17, 2007 - 65 comments

"50% of all Saudi fighters in Iraq come here as suicide bombers"

The "same people who attacked us on 9/11"? It may be the very latest talking point from the Administration, but it's actually true--altho it's not Al Qaeda in Iraq, but Saudis. Although Bush administration officials have frequently lashed out at Syria and Iran, accusing it of helping insurgents and militias here, the largest number of foreign fighters and suicide bombers in Iraq come from a third neighbor, Saudi Arabia ... A historical note: 15 of the 19 hijackers on 9/11 were Saudis.
posted by amberglow on Jul 16, 2007 - 84 comments

cool cash

Banknote art by Justine Smith. Alternating currency: by Marshall Weber, portraits in money by Mark Wagner, a Ganesh out of Rupee notes by CK Wilde (a spectacular previously). Beautiful banknotes at the World Paper Money Image Gallery. Unusual coins. Unique banknotes, like the 100 Million Dinara note from Croatia. U.S. currency and the pictures behind the portraits. Mildenberg's Dream Collection of Greek Coins at the Money Museum.
posted by nickyskye on Jul 11, 2007 - 19 comments

Alternative forms of money

"I'm all outta dollars, you got any Berkshares?" Several Great Barrington, Massachusetts businesses have developed a local currency to promote local business.
posted by Brandon Blatcher on Jun 21, 2007 - 34 comments

Kids + Money + Los Angeles = ?

"I just like to have the hottest of the hottest. Whatever's hot at the time" In the spring of 2007, Lauren Greenfield conducted interviews with Los Angeles teenagers on the subject of money and how it affects their lives. The link is a 15-minute selection of those interviews.
posted by revmitcz on Jun 14, 2007 - 60 comments

Stock Paintings

Proof that artistic inspiration can come from any walk of life, Anthony White has turned his former life as a stockbroker into inspiration for a series of Stock Code paintings. Also available - paintings depicting different values of British, American, Australian, and Euro currency.[via ArtNews Blog]
posted by grapefruitmoon on May 19, 2007 - 29 comments

Moneygami

Moneygami is origami made from U.S. currency; the subtle genius lies in the way the artist incorporates the prints on the dollar bills into the facial characteristics of the finished figures. More moneygami here. Via.
posted by jonson on May 6, 2007 - 14 comments

Pie chart of who owns the US debt.

Pie chart of who owns the US debt.
posted by Brandon Blatcher on Mar 23, 2007 - 46 comments

Make My Movie!

Make My Movie Online Be A Producer Help me raise the money to produce My Movie! For a minimal donation of only $2, YOU can receive a Producer`s Credit (PC) in the end credits of my film! Not only will you receive a credit, in exchange for your donation, you can also have a vote in some of the decisions such as casting, crewing and storyline! AND, not only that, but you also will have the opportunity to participate in the PROFITS of the film when we distribute the film.
posted by pt68 on Mar 13, 2007 - 23 comments

Iced Out Water

Bling h2o is the invention of Hollywood producer Kevin G. Boyd. It;s water in a frosted glass bottle with a cork and emblazoned with Swarovski crystals. At $24 a 750ml bottle, it's targeted at the super-luxury market. Is water from Tennessee really worth that much? Apparently, for some celebs, it is: "A lot of times when you have some water, people are like, 'You're drinking water?' Instead, you say, 'Naw man, I'm blinging." -- Jamie Foxx
posted by SansPoint on Mar 8, 2007 - 113 comments

The Money Maker

The Money Maker :"On the 1000 guilder note, it became a “sport” for me to put things in the notes that nobody wanted there! I was very proud to have my fingerprint in this note – and it’s my middle finger!"
posted by dhruva on Feb 26, 2007 - 33 comments

In this world, nothing is certain but death and taxgirl

Taxgirl is a tax lawyer who invites you to ask her offbeat and unique questions about federal taxation in the United States, as well as Philadelphia-specific tax questions. She also covers the fun side of taxation and the not-so-fun side of tax evasion, usually the domain of Posse Comitatus and white supremacist groups, but lately extending in bizarre ways to celebrities like Wesley Snipes and Ron Isley.
posted by Blazecock Pileon on Feb 23, 2007 - 20 comments

Give the devil two black eyes!

Marjoe Gortner, world's youngest preacher kicked off his religious career by performing a marriage at the age of four and a half. Although he eventually left the evangelism gig and became a hippie, lack of cash led him to take it up again part time as an adult. That is, until a crisis of conscience precipitated a documentary where he exposed the business of evangelical ministry. "Marjoe" won the 1972 Oscar for "Best Documentary" and has been recently re-released. An interview with Marjoe. You tubery inside.
posted by arcticwoman on Feb 18, 2007 - 19 comments

It's Our Money, Too

The one dollar bill: 2.61 inches wide, 6.14 inches long, 0.0043 inches thick. Wait - that's all of them. What happens if you just can't see the bill? Some 180 other countries have non-visual ways to determine what denomination a bill is, but the USA does not. The ACB has twice tried to introduce resolutions to fix this, with no results. A recent lawsuit, however, may finally make the change happen. After all, It's Our Money, Too.
posted by niles on Feb 13, 2007 - 79 comments

Canadian Espionage?

Canadian spy monies?! The Defense Department has issued a warning to its American contractor employees. Apparently, Canadian coins have been outfitted with embedded RFID transmitters. Not the first instance of RFIDs in monies either. Explosive consequences. Elsewhere, whats the point? RFID previously on Metafilter.
posted by beta male on Jan 11, 2007 - 32 comments

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