Wall Street's Near Death Experience
posted by SeizeTheDay on Oct 6, 2009 - 31 comments

They are known as “quants” because they do quantitative finance. Seduced by a vision of mathematical elegance underlying some of the messiest of human activities, they apply skills they once hoped to use to untangle string theory or the nervous system to making money. "They Tried to Outsmart Wall Street." [spoiler inside] [more inside]
posted by dersins on Mar 10, 2009 - 38 comments

The End of the Wall Street Era. “We always asked the same question,” says Eisman. “Where are the rating agencies in all of this? And I’d always get the same reaction. It was a smirk.” He called Standard & Poor’s and asked what would happen to default rates if real estate prices fell. The man at S&P couldn’t say; its model for home prices had no ability to accept a negative number.

The author of Liar's Poker on the collapse of the subprime industry.
posted by bitmage on Nov 11, 2008 - 57 comments

What is a "trash-out?" When you see this, you feel like this. And some music to go along. After Monday, bunker or hunker ?
posted by wallstreet1929 on Oct 5, 2008 - 37 comments

Paulson: Foreign Banks Can Use US Rescue Plan. Treasury Fact Sheet, "broader eligibility" if Paulson decides. Pressure builds at Morgan, Goldman. You Decide (kinda), probably no one listens.
posted by wallstreet1929 on Sep 21, 2008 - 200 comments

A most succinct explanation of the current problems facing Wall Street.
posted by Lord_Pall on Feb 8, 2008 - 26 comments

Is foreclosure right for you? Walking, a click away.
posted by wallstreet1929 on Jan 29, 2008 - 32 comments

This isn't 1998. There's no model for what's happening now in the housing and mortgage industries. 116 mortgage lenders have imploded since 2006. 11 hedge funds have imploded in just the last couple months. Time to warm up the helicopters?
posted by wallstreet1929 on Aug 11, 2007 - 126 comments

Newsfilter: Murdoch Buys The Wall Street Journal/Dow Jones After some protests from editors about what sort of control News Corp. would have over the paper, a deal has been reached with the Bancroft family that runs the paper to sell for $5 billion. Murdoch gave up some demands for editorial control but still has the ability to hire and fire editors at will, making this the same sort of fig leaf agreement he made with the Times of London.
posted by destro on Jul 6, 2007 - 53 comments

Wall Street Journal owners officially considering joining the Borg
Minority owner Jim Ottoway vehemently opposed. One wonders what the opinion of a Senator from New York is?
posted by specialk420 on May 31, 2007 - 27 comments