With no job or income, people often need the assistance of government programs just to survive, such as access to public
The Big Short - a chronicle of infectious shortsightedness; epidemic blindness, delusion, and deceit.
Burry's mania drove him to read, discover, process and discern what others didn't - or couldn't. What he uncovered and fathomed
Protecting the American people from another devastating financial crash and the economic wreckage it causes begins with reflecting honestly about the past and trying to learn the right lessons.
They may be unlikely allies. They may have vastly different motivations. But for now, Carl Icahn and Elizabeth Warren can justifiably claim to be on the same side when it comes to systemically important financial institutions. It is a union that bank executives should be very afraid of.
For years, critics of the bailouts during the financial crisis argued that the rescue efforts weren’t harsh enough. The chief
Hank Greenberg wasn't happy with his multibillion-dollar government bailout. He wanted more.
As well intended as it could be, the regulator seems to ignore that none of the European insurance companies needed any rescue during the financial crisis and they even contributed to the haircut of Greek debt.
Of all the crazy things people have said about former AIG chief Hank Greenberg's lawsuit claiming the insurance giant's financial-crisis bailout wasn't good enough, the craziest was that he just might win.
Despite these criticisms, Geithner remains oddly passive in the notes. Such a strange commitment to inevitable defeat, untold
Remarkably, Goldman Sachs, one of the richest, most powerful, politically connected (aka Government Sachs) too-big-to-fail Wall Street banks, has demonstrated a Teflon-like ability to bounce back from egregious misdeeds, if not outright illegal conduct, and horrible publicity.