Sublime
An inspiration engine for ideas
Other People's Money: Inside the Housing Crisis and the Demise of the Greatest Real Estate Deal Ever Made
amazon.com
One of the rare inspirational subplots of our current financial panic has been the rise of Meredith Whitney. An obscure and little-noticed analyst of Wall Street banks, working for an obscure and little-noticed Wall Street bank (Oppenheimer & Co.), Whitney has become, in a matter of months, a woman who moves markets.
It all started back on Oct. 31,... See more
It all started back on Oct. 31,... See more
Top Financial News
All CEOs, CFOS, general counsels, and board members in Delaware incorporated companies must read this research from Stanford's Joe Grundfest. Joe could be the #1 voice on corporate governance. Something is awry in Delaware and you should know the risks. https://t.co/fUgQX6wMgd https://t.co/glcnZuEyiI
Bill Gurleyx.comThe Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America—and How to Undo His Legacy
amazon.com
Thanks in part to those conflicts of interest and lack of competition that Senator Shelby had talked about, along with a good helping of old-fashioned greed, the credit rating agencies had assigned AAA ratings (even safer than Enron’s rating) to billions of dollars of mortgage-backed securities that should have been labeled “junk.” If “tricking an
... See morePeter Elkind • The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron
I sit on the House Financial Services Committee, which oversees the banking regulators.
I am aware of no real limitation on the ability of banking regulators to de-bank law-abiding citizens and businesses without due process of law. The federal government’s unfettered powers of de-banking represents an insidious... See more
From that moment, Meredith Whitney became E. F. Hutton: When she spoke, people listened. Her message was clear: If you want to know what these Wall Street firms are really worth, take a cold, hard look at these crappy assets they’re holding with borrowed money, and imagine what they’d fetch in a fire sale. The vast assemblages of highly paid people
... See moreMichael Lewis • The Big Short: Inside the Doomsday Machine
