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Tag Archives: Goldman Sachs
What’s in a CDO, anyway?
This post first appeared in the May edition of: Cirios Trends: In Search of Real Estate Opportunities. Over the past several weeks, the federal government’s increased scrutiny of Goldman Sachs has brought complex financial securities at the heart of the … Continue reading
Posted in Banking and Finance, Best Of The Storm, Mortgage News
Tagged CDO, Goldman Sachs
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The Future of Public Debt
Think about that for a moment. We are on an almost certain path to a debt level of 100% of GDP in less than two years. If trend growth has been a yearly rise of 3.5% in GDP, then we are reducing that growth to 2.5% at best. And 2.5% trend GDP growth will NOT get us back to full employment. We are locking in high unemployment for a very long time, and just when some one million people will soon be falling off the extended unemployment compensation rolls. Continue reading
Posted in Best Of The Storm, Financial News
Tagged GDP, Goldman Sachs, Interest Rates, Municipal Debt, National Debt, The Dollar, Wine
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Pecora Redux
The important part is that, almost 5 years after the housing crisis began, we as a society are finally starting to dig below the surface to find the roots of what went wrong. It will take several more to make the changes necessary to prevent this from happening again. Continue reading
Vampire Squid, Meet Ravenous Piranhas
While odds favor Goldman Sachs escaping from the SEC’s clutches with a political-theatre inspired wrist-slap, private litigation could shred the firm over time.I am not an attorney, but being in business forces one to pick up a bit of the … Continue reading
First, Let’s Kill the Angels
When you draft a 1,300-page “financial reform” bill, various special interests get language tucked into the bill to help their agendas. However, the unintended consequences can be devastating. And the financial reform bill has more than a few such items. … Continue reading