Niall Ferguson: There Will Be Blood…!
Today’s Globe and Mail has an interview by its economics reporter, Heather Scoffield, with Harvard Professor Niall Ferguson regarding the current financial crisis. In what is frankly a pretty...
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Lessons for Bankers from the Telecom Bust (The Economist)
The Economist observes that the downfall of the telecom industry (1997-2003) offers foreboding lessons for today’s bankers. Just like banks, telecoms had imperial bosses, kamikaze deals and...
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A Guide to the Bank Nationalization Debate
Amid increased government ownership of Citibank, persistent rumors that BofA is next, and announcement of the Obama administration’s budget, there has been increasingly loud debate over bank...
View ArticleNPR’s This American Life Explains Bad Banks in Lay Terms
This week NPR’s This American Life adds to it’s excellent series of podcasts explaining the credit crisis in every day lay terms with an hour long program on bad banks: The collapse of the banking...
View ArticleToo Big Has Failed
Late last week, Thomas M. Hoenig, President and Chief Executive Officer of the Federal Reserve Bank of Kansas City, gave a speech in Omaha titled “Too Big Has Failed“. A lesson to be drawn from...
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What’s Your Hurry? Here’s Your Hat!
In his New Yorker column this week titled “House of Cards“, James Surowiecki writes about how some US credit card issuers are trying to shed some of their existing customers. In effect, they’re trying...
View ArticleOh, You Make Me Want to Shout!
I‘ve been trying to enjoy the little culture skirmish that surfaced last week as media watchdog Jon Stewart of the Comedy Central took comedian Jim Cramer of CNBC to task for failing to warn the public...
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Where’s the Money Go? Interactive TARP Fund Chart (WSJ)
In case you’ve been wondering where things stand with government bailout funds the WSJ has an interactive graphic. You can sort by program (Automotive Industry Financing Program, etc.), by recipient...
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The Receivables Exchange: Online Receivables Auction Provides Cash-Hungry...
If there is a silver lining to the credit crisis and resulting economic woes, it is renewed energy in the supplier financing space. As a B2B e-payment evangelizer, I’ve long considered dynamic supplier...
View ArticleRevisiting (Rehashing?) the Credit Crisis
I spent most of 2008 and early 2009 completely obsessed with the credit crisis (evidenced by this index of the best crisis coverage I created just over a year ago). Reading this Andrew Ross Sorkin...
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