what happened?
our current credit crisis can be credited to two words: greed and securitization.  don’t understand what securitization is?  that’s alright… os x leopard’s spell check doesn’t either, but i’m going to attempt to explain why we’re all screwed anyway.
securitization, although not appearing heavily in the media until recent months, has been around [...]

posted in finance | 3 comments »

despite the major market indices being more or less at the same level they were at last weekend, it was an insane week on wall street, leaving only two independent U.S. based bulge bracket investment banks standing. or… slouching. with lehman and ml falling this week to bankruptcy and a takeover and AIG [...]

posted in finance, rants | 2 comments »