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Tag Archives: Wall Street
Economy In Recession: The Cost of Allowing Lehman Brothers to Fail
The failure of Lehman Brothers is seen as the last straw that broke the credit market. Did Paulson make a big mistake?
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Posted in Daily Wisdom
Tagged AIG, bailout, bankruptcy, banks, Bear Sterns, Christine LaGarde, credit crisis, credit markets, Dow Jones, economy, Federal Reserve, financial markets, German regulator, global economy, Goldman Sachs, Hank Paulson, Janet Yellen, Jochen Saio, Lehman, Lehman Brothers, markets, money, Morgan Stanley, recession, stocks, U.S. economy, u.s. stocks, U.S. Treasury, Wall Street, wells fargo
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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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To Bailout or Not to Bailout: Is Free Market Economics Sustainable?
In view of the current Wall Street crisis, America’s credibility as a bastion of free markets has come under the radar. The Fed’s recent bailout of AIG, Fannie and Freddie are perceived by many as a free market detour.
The government’s latest bailout news involves a plan to make the biggest intervention in the financial markets since the 1930s. Central to this plan would be a mechanism to bad assets off the balance sheets of financial companies or instead perhaps to create a federal insurance for investors in the money market funds. Additionally, the Securities and Exchange Commission is getting ready to propose a temporary ban on short selling financial stocks.
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Posted in Daily Wisdom
Tagged AIG, bailout, Fannie Mae, Freddie Mac, free market economy, great depression, Lehman Brothers, Wall Street, wall street crash
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What Will the Financial Crisis Mean for Corporate Social Responsibility?
In view of the current financial crisis, it is hard to grasp the fact that overnight investment banks once regarded the kings of Wall Street, are teetering on the edge of stability. The bankruptcy of Lehman Brothers has threatened the survival of Morgan Stanley in spite of the fact that it has just declared great earnings. All eyes are on Morgan and Goldman Sachs, the two big I-banks left standing. Will they go next? What will this mean for corporate social responsibility in the investment banking sector?
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Posted in Daily Wisdom
Tagged 10000 Women, bailout, Goldman Sachs, Lehman Brothers, Morgan Stanley, Spelman College, Wall Street
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