In this enlightening podcast, University of Maryland Professor Michael Greenberger explains to Fresh Air’s Terry Gross some of the origins of the current mortgage-related losses and write-downs impacting Wall Street. Credit default swaps, or bets on whether mortgage holders would default, are today unregulated at both the Federal and State level due to the Commodity […]
Research has shown that Initial Public Offerings (IPO’s) are underpriced by an average of 15%. This “Knowledge at Wharton” article by Professor Robert E. Hoskisson suggests that “it is in the interest of investment banks to underprice an IPO because it nurtures ties to institutional investors, who are often repeat customers of the banks and […]
Speaking to members of the Westchester County Association in Tarrytown this morning, New York State Comptroller Thomas DiNapoli said, “For too many years, New York State has treated debt as a surrogate for wealth, using it to buy things we want, rather than things we need.” New York is spending more money than it is […]
Speaking to members of the Westchester County Association in Tarrytown this morning, New York State Comptroller Thomas DiNapoli said, “For too many years, New York State has treated debt as a surrogate for wealth, using it to buy things we want, rather than things we need.” New York is spending more money than it is […]
CEO Alan Schwartz was briefly interviewed by CNBC’s award-winning journalist David Faber on Tuesday March 14th, and asserted that there “was no liquidity crisis” at Bear. Five days later, Bear Stearns’ management agreed to be acquired for $2/share by J.P. Morgan Chase, as an alternative to bankruptcy, as other money center banks had lost confidence […]
When people ask me how they should estimate the profit margin of a planned new business, I advise seeking out those who are already in that business to see what you can learn. As an alternative, if you are thinking of opening a pizza place, a copy shop, a diner, or one of a number […]
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