Tag Archives: investment banking

From Mortgage to Bailout: Understanding How The Problem Developed

In an effort to demystify the code, I recently put together a laypersons’ blogpost for Inspired Economist. Check it out to understand exactly how America went from mortgage to bailout:

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Death of Wall Street, Rise of Main Street

Mitsubishi UFJ Financial Group Inc., Japan’s largest bank, will inject 900 billion yen ($8.4 billion) into Morgan Stanley to help it transition to a bank holding company. Goldman Sach’s strategy is slightly different albeit with the same ultimate objective i.e. to become a commercial bank. According to Bloomberg, Goldman already has in excess of $20 billion in customer deposits in two subsidiaries and is creating a new one, GS Bank USA, that will have more than $150 billion of assets, making it one of the 10 largest banks in the U.S.

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