9 posts tagged with risk and finance. (View popular tags)
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Soderbergh on Cinema

The problem is that cinema, as I define it and as something that inspired me, is under assault by the studios and, from what I can tell, with the full support of the audience. The reasons for this, in my opinion, are more economic than philosophical, but when you add an ample amount of fear and lack of vision and a lack of leadership you’ve got a trajectory that is pretty difficult to reverse. - "Retired" director Steven Soderbergh speaks to the San Francisco International Film Festival about the state of cinema - (summary, full audio at bottom of page 2)
posted by Artw on Apr 29, 2013 - 49 comments

 

The alchemists of Wall Street are at it again.

Wall Street begins playing again with the same matches that burned the economy in 2008 From the New York Times: "The banks that created risky amalgams of mortgages and loans during the boom — the kind that went so wrong during the bust — are busily reviving the same types of investments that many thought were gone for good. Once more, arcane-sounding financial products like collateralized debt obligations are being minted on Wall Street. " (View article on a single page) [more inside]
posted by Sleeper on Apr 20, 2013 - 57 comments

When admission of liability is a risk.

Credit Rating Agencies and their role after the Crisis
It was the rating agencies that assigned super safe ("triple A") ratings to complex financial instruments. When these blew up, the agencies accepted no responsibility, claiming they had merely been expressing "opinions".
William J Harrington, who was a senior analyst says he has asked people at Moody's why those responsible weren't fired.
"That would be an admission of liability, I was told.
The Wall Street Journal talks about downgrading the agencies.
posted by adamvasco on Jan 22, 2013 - 41 comments

The Failure of Judges and the Rise of Regulators

The Control Revolution And Its Discontents - "the long process of algorithmisation over the last 150 years has also, wherever possible, replaced implicit rules/contracts and principal-agent relationships with explicit processes and rules."
posted by kliuless on Feb 23, 2012 - 25 comments

Economics and Physics Envy

"Take a little bad psychology, add a dash of bad philosophy and ethics, and liberal quantities of bad logic, and any economist can prove that the demand curve for a commodity is negatively inclined." MIT economist Andrew Lo and string theorist turned asset manager Mark Mueller on the "physics envy" that plagues economics, and how to stop worrying and love uncertainty.
posted by escabeche on Apr 1, 2010 - 37 comments

a coherent platform for the grand new party?

Keeping America's Edge (via) [more inside]
posted by kliuless on Dec 22, 2009 - 21 comments

Two words: business school.

Why can't Americans make things?
posted by boo_radley on Dec 21, 2009 - 75 comments

Fixing the Financial System

“There has been a failure of risk management to a point that is mind boggling." Obama advisor Paul Volker and the Group of 30 have issued a deceptively simple framework for fixing our financial problems.
posted by up in the old hotel on Jan 15, 2009 - 29 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

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