Sublime
An inspiration engine for ideas
Reid: Why did the Iran hostage crisis take place?
Todd: Because fundamentalist radicals took over the government
Reid: They overthrew the shah who we imposed on Iran because the Dulles brothers, one at the CIA and one at the state department, decided that the oil beneath the soil of Iran... See more
Acynx.comFarley conceded that there are “a lot of underwater bonds in the banking system and that can pose financial stability risks because banks are leveraged institutions. If it’s levered 10 to 1 and you have a 10 percent loss, all the equity is gone.” Which, of course, is exactly what happened to Bear Stearns, which at times was levered 50 to 1, meaning... See more
The BofA $136B Dynamite Stick
Leo Melamed, Man of the Futures: The Story of Leo Melamed & the Birth of Modern Finance
J. Christopher Giancarlo, Cameron Winklevoss, • CryptoDad: The Fight for the Future of Money
Here is a brilliant discussion of the implications of the Fourth Turning with Grant @ttmygh Williams and Adam @menlobear Taggart. Grant: we had a great chat for two hrs on a Saturday night in '99. Due for another...
https://t.co/6if5lIWGC0
Dave Collumx.comGould did not take a title, but had a seat on the executive committee and had four additional board seats, which he filled with his brokers.
Charles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
With no way to cover their shorts, firms up and down Wall Street faced bankruptcy, as did the banks who had been financing their positions; Harriman had no choice but to back off the fight, so Morgan and Schiff could unwind their positions and forestall a crash.
Charles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
Companies started to keep vendor histories and records of product performance.