Financial Crisis of 2007

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Reason for 2007-2010 global financial crisis

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Duration: 2:28
Updated: 04 Oct 2011

A simple explanation of the global financial crisis of 2007-2010.

http://wn.com/Reason_for_2007-2010_global_financial_crisis

International Financial Crisis: 2007-2010: Tipping Points: By Dr Philip Gordon PhD

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Duration: 1:44
Updated: 19 Jun 2013

BREAKING NEWS: Banks Fined $1.9 Billion by Regulators for Rigging Lending Rates (and 30 more being investigated.) UBS: Switzerland's biggest bank, and Barcla...

http://wn.com/International_Financial_Crisis_2007-2010_Tipping_Points_By_Dr_Philip_Gordon_PhD

Lords of Finance: The Bankers Who Broke the World - Financial Crisis (2009)

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Duration: 57:44
Updated: 06 Nov 2013

Lords of Finance: The Bankers Who Broke the World is a 2009 nonfiction book about events leading up to and culminating in the Great Depression as told through the personal histories of the heads of the Central Banks of the world's four major economies at the time: Benjamin Strong Jr. of the New York Federal Reserve, Montagu Norman of the Bank of England, Émile Moreau of the Banque de France, and Hjalmar Schacht of the Reichsbank. The book was generally well received by critics, and won the 2010 Pulitzer Prize for History. Because the book was published during the midst of the financial crisis of 2007--2010, the book subject matter was seen as very relevant to current financial events. The book discusses the personal histories of the four heads of the Central Banks of the United States, Great Britain, France, and Germany and their efforts to steer the world economy from the period during the First World War until the Great Depression. The book also discusses at length the career of the British economist John Maynard Keynes who criticized many of the policies of the heads of the Central Banks during this time. One of the main themes of the book is the role played by the central bankers' insistence to adhere to the gold standard "even in the face of total catastrophe."[1] As Joe Nocera, a book reviewer at the New York Times, stated, "the central bankers were prisoners of the economic orthodoxy of their time: the powerful belief that sound monetary policy had to revolve around the gold standard...Again and again, this straitjacket caused the central bankers — especially Norman, gold's most fervent advocate — to make moves, like raising interest rates, that would allow their countries to hold on to their dwindling gold supplies, even though the larger economy desperately needed help in the form of lower interest rates."[2] Another theme that runs through the book is how difficult it was to forecast the financial future and how the events would influence world events. "Mr. Ahamed's opinions are made very clear (the Paris Peace Conference's plan for Germany to pay war reparations is presented as a great blunder), but his overriding idea is that blame cannot be easily assigned: not even the most sophisticated economists of the era could accurately predict disaster, let alone guard against it. The effects of a public herd mentality at the time of the 1929 stock market crash are depicted, all too recognizably, as unstoppable."[3] Liaquat Ahamed, a hedge fund manager and Brookings Institution trustee, first got the idea to write the book when he read the 1999 Time story "The Committee to Save the World," which discussed Alan Greenspan (then the Federal Reserve chairman), Robert Rubin (Bill Clinton's Treasury Secretary) and Lawrence Summers (Rubin's No. 2).[2] Ahamed realized that a similar story could be told in the 1920s about the heads of the four central banks, who had acquired a similar mystique and fame regarding their economic acumen. The book was awarded the 2010 Pulitzer Prize for History,[4] the 2010 Spear's Book Award (Financial History Book of the Year), the 2010 Arthur Ross Book Award Gold Medal, the 2009 Financial Times and Goldman Sachs Business Book of the Year Award. For 2009 it was recognized as one of Time magazine's "Best Books of the Year", New York Times "Best Books of the Year" and Amazon.com's "Best Books of the Year". It was shortlisted for the Samuel Johnson Prize. Joe Nocera at the New York Times called the book "[a] grand, sweeping narrative of immense scope and power, the book describes a world that long ago receded from memory."[2] He also stated that "[b]ecause much of the book concerns decisions...to raise or lower interest rates, you need great characters to pull the story along, and Ahamed not only has them but also knows how to make them come alive."[2] Robert Peston at the Sunday Times stated that Liaquat Ahamed "provides a compelling and convincing narrative of bungling, tortured bankers vainly trying to reconcile their conflicting duties to their countries and to the global economy. The strength of his book is in humanising the world's descent into economic chaos. The quartet were dealt an unwinnable hand, in the unsustainable burden of debt heaped on Germany after the first world war in the form of reparations, and the corresponding amounts owed to the US by Britain and France. But these central bankers made serious mistakes." http://en.wikipedia.org/wiki/Lords_of_Finance

http://wn.com/Lords_of_Finance_The_Bankers_Who_Broke_the_World_Financial_Crisis_2009

Meltdown (pt 1-4) The Secret History of the Global Financial Collapse 2010

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Duration: 44:58
Updated: 18 Aug 2013

Great documentary explaining the FINANCIAL MELTDOWN.

http://wn.com/Meltdown_pt_1-4_The_Secret_History_of_the_Global_Financial_Collapse_2010

Financial crisis of 2007--08 - Wiki Article

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Duration: 88:01
Updated: 02 Aug 2013

The financial crisis of 2007--2008, also known as the Global Financial Crisis and 2008 financial crisis, is considered by many economists to be the worst fin...

http://wn.com/Financial_crisis_of_2007--08_Wiki_Article

Excel Finance Class 01: Intro To Excel 2007 & 2010

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Duration: 14:49
Updated: 16 Aug 2013

Download Excel workbook http://people.highline.edu/mgirvin/ExcelIsFun.htm Learn the basics about how Excel is set up, Ribbons and the Quick Access toolbar fo...

http://wn.com/Excel_Finance_Class_01_Intro_To_Excel_2007_2010

Warren Buffett on the Financial & Housing Crisis and Credit Rating Agencies (2010)

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Duration: 142:04
Updated: 12 Aug 2013

A credit rating agency (CRA) is a company that assigns credit ratings for issuers of certain types of debt obligations as well as the debt instruments themse...

http://wn.com/Warren_Buffett_on_the_Financial_Housing_Crisis_and_Credit_Rating_Agencies_2010

How to Make a Billion Dollars in a Year: Wall Street, Stocks, Mortgages, and Financial Crisis (2010)

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Duration: 51:56
Updated: 30 Aug 2013

In 2005, Paulson became concerned about weak credit underwriting standards, excessive leverage among financial institutions and a fundamental mispricing of credit risk. To protect its investors against the risk in the financial markets, Paulson purchased protection through credit default swaps on debt securities they thought would decline in value due to weak credit underwriting. As credit spreads widened and the value of these securities fell, Paulson realized substantial gains for investors and is reported to have earned $15 billion with $12.5 billion in assets under management in 2007. In December 2009, the New York Times reported that Paulson had profited during the financial crisis of 2007 by betting against synthetic collateralized debt obligations (CDOs). On April 19, 2010, the Wall Street Journal reported that Paulson employee Paolo Pellegrini was the point man in Paulson's investment in subprime mortgages. In 2008, Paulson believed that credit problems would expand beyond subprime mortgages to include areas of consumer, auto, commercial and corporate credit, and that the rising credit costs would continue to stress financial institutions causing spreads to widen and causing certain institutions to fail. This bearish outlook on the credit markets led them to take short positions in some large financial institutions in the US and the UK with high degrees of leverage, high concentrations of assets in deteriorating sectors and rising credit costs. Sectors include mortgage finance companies, specialty finance companies and regional, national, and global banks. In September 2008, Paulson bet against four of the five biggest British banks including a £350m bet against Barclays; £292m against Royal Bank of Scotland; and £260m against Lloyds TSB. Paulson is reported to have earned a total of £280m after reducing its short position in RBS in January 2009. To help protect these bets, PCI and others successfully prevented attempts to limit foreclosures and rework mortgage loans. Following the collapse of Lehman Brothers in the fall of 2008 and the subsequent turmoil in the markets, Paulson launched a fund at the end of 2008 dedicated to restructuring and/or recapitalizing companies such as investment banks and other hedge funds currently feeling the pressure of the more than $345 billion of write downs resulting from under-performing assets linked to the housing market. By providing capital to companies at trough valuations, thus enabling them to survive beyond the crisis, Paulson believed there would be considerable upside potential through a subsequent recovery in the equity of these companies. Companies in the fund that benefited from such recapitalizations were largely concentrated in the financial, insurance and hotel sectors. Amongst some of the holdings disclosed in Paulson's June 30, 2009 13F filings were 2 million shares of Goldman Sachs as well as 35 million shares in Regions Financial Paulson also purchased shares of Bank of America in the spring of 2009 when the bank was forced to recapitalize its balance sheet following the results of the bank stress tests conducted by the US government, and was reported to have a 1.22% stake in the bank in 2011. According to certain sources, Paulson purchased the shares expecting the stock to double by 2011. After the 2008 Stock Market crash, Paulson's investment in Citigroup reportedly generated $1 billion from the original investment in 2009 through the end of 2010, called by reporters the "Betting on Citigroup". Mr. Paulson stated that the investment in Citigroup "demonstrates the upside potential of many of the restructuring investments we have added to our porfolio and our ability to generate above-average returns in large positions" In November 2009 Paulson announced a gold fund focused on gold mining stocks and gold-related investments. Paulson believed that the massive amount of balance sheet expansion through monetary stimulus undertaken by the Federal Reserve and other central banks would eventually lead to inflation in the US dollar and other fiat currencies. In such an environment, gold would become the alternative currency of choice for investors globally, causing the value of gold to increase significantly. Paulson also has a long track record of investing in distressed debt, bankruptcies and restructurings. The 2008-2009 financial crisis resulted in a record high level of defaults and bankruptcies across numerous industries, and Paulson was a large investor in many of the largest and most prominent ones, including the Lehman Brothers bankruptcy and liquidation. http://en.wikipedia.org/wiki/Paulson_%26_Co.

http://wn.com/How_to_Make_a_Billion_Dollars_in_a_Year_Wall_Street,_Stocks,_Mortgages,_and_Financial_Crisis_2010

The Crisis of Credit Visualized - HD

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Duration: 11:10
Updated: 19 Aug 2013

The Short and Simple Story of the Credit Crisis -- The Full Version By Jonathan Jarvis. Crisisofcredit.com The goal of giving form to a complex situation lik...

http://wn.com/The_Crisis_of_Credit_Visualized_HD

Pablo Iglesias-Rodríguez EUI Civil Society Stakeholders and Financial Regulation (...)

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Duration: 25:06
Updated: 12 Dec 2012

http://wn.com/Pablo_Iglesias-Rodríguez_EUI_Civil_Society_Stakeholders_and_Financial_Regulation_

"The Financial Crisis of 2007-09" Panel: Williams College CDE 10.14.10

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Duration: 87:12
Updated: 01 Apr 2013

Panel features (in order of speaking): Gerard Caprio '72 -- Professor of Economics at Williams College and Chair of CDE, Mauricio Yepez CDE '82 -- former Min...

http://wn.com/The_Financial_Crisis_of_2007-09_Panel_Williams_College_CDE_101410

Are Banks Too Big to Fail? Warren Buffett on the Cause of the Financial Crisis & Glass-Steagall

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Duration: 4:31
Updated: 13 Nov 2013

The United States housing bubble is an economic bubble affecting many parts of the United States housing market in over half of American states. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2012. On December 30, 2008 the Case-Shiller home price index reported its largest price drop in its history. The credit crisis resulting from the bursting of the housing bubble is — according to general consensus — the primary cause of the 2007--2009 recession in the United States. Increased foreclosure rates in 2006--2007 among U.S. homeowners led to a crisis in August 2008 for the subprime, Alt-A, collateralized debt obligation (CDO), mortgage, credit, hedge fund, and foreign bank markets. In October 2007, the U.S. Secretary of the Treasury called the bursting housing bubble "the most significant risk to our economy." Any collapse of the U.S. Housing Bubble has a direct impact not only on home valuations, but the nation's mortgage markets, home builders, real estate, home supply retail outlets, Wall Street hedge funds held by large institutional investors, and foreign banks, increasing the risk of a nationwide recession. Concerns about the impact of the collapsing housing and credit markets on the larger U.S. economy caused President George W. Bush and the Chairman of the Federal Reserve Ben Bernanke to announce a limited bailout of the U.S. housing market for homeowners who were unable to pay their mortgage debts. In 2008 alone, the United States government allocated over $900 billion to special loans and rescues related to the US housing bubble, with over half going to Fannie Mae and Freddie Mac (both of which are government-sponsored enterprises) as well as the Federal Housing Administration (which is a United States Government agency). On December 24, 2009, the Treasury Department made an unprecedented announcement that it would be providing Fannie Mae and Freddie Mac unlimited financial support for the next three years despite acknowledging losses in excess of $400 billion so far. The Treasury has been criticized for encroaching on spending powers that are enumerated for Congress alone by the US constitution, and for violating limits imposed by the Housing and Economic Recovery Act of 2008. http://en.wikipedia.org/wiki/United_States_housing_bubble The "too big to fail" theory asserts that certain financial institutions are so large and so interconnected that their failure would be disastrous to the economy, and they therefore must be supported by government when they face difficulty. The colloquial term "too big to fail" was popularized by U.S. Congressman Stewart McKinney in a 1984 Congressional hearing, discussing the Federal Deposit Insurance Corporation's intervention with Continental Illinois.[1] The term had previously been used occasionally in the press.[2] Proponents of this theory believe that some institutions are so important that they should become recipients of beneficial financial and economic policies from governments or central banks.[3] Some economists such as Paul Krugman hold that economies of scale in banks and in other businesses are worth preserving, so long as they are well regulated in proportion to their economic clout, and therefore that "too big to fail" status can be acceptable. The global economic system must also deal with sovereign states being too big to fail.[4][5][6][7] Opponents believe that one of the problems that arises is moral hazard whereby a company that benefits from these protective policies will seek to profit by it, deliberately taking positions (see Asset allocation) that are high-risk high-return, as they are able to leverage these risks based on the policy preference they receive.[8] The term has emerged as prominent in public discourse since the 2007--2010 global financial crisis.[9] Critics see the policy as counterproductive and that large banks or other institutions should be left to fail if their risk management is not effective.[10][11] Some critics, such as Alan Greenspan, believe that such large organisations should be deliberately broken up: "If they're too big to fail, they're too big".[12] More than fifty prominent economists, financial experts, bankers, finance industry groups, and banks themselves have called for breaking up large banks into smaller institutions. http://en.wikipedia.org/wiki/Too_big_to_fail

http://wn.com/Are_Banks_Too_Big_to_Fail?_Warren_Buffett_on_the_Cause_of_the_Financial_Crisis_Glass-Steagall

Anastasia Nesvetailova CERIS Global Financial Crisis Economic International Relations

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Duration: 8:45
Updated: 25 Feb 2013

CERIS Interview Anastasia Nesvetailova: Global Financial Crisis: Why does it happen again & again ? Professor Anastasia Nesvetailova is a research specialist...

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Failed States, Financial Crises, and the Wealth and Poverty of Nations: World Bank (2004)

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Duration: 57:54
Updated: 05 Sep 2013

Sebastian Mallaby (1964) is a British-born journalist and author; and director of the Maurice R. Greenberg Center for Geoeconomic Studies (CGS) and Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations (CFR). He is a contributing editor for the Financial Times and was a columnist and editorial board member at the Washington Post. In addition to a monthly column for the Financial Times, his recent writing has been published in the New York Times, the Wall Street Journal, and the Atlantic Monthly. In 2012 he published a Foreign Affairs essay on the future of China's currency. His books include More Money Than God (2010) and The World's Banker (2004). Sebastian Mallaby is the son of Sir Christopher Mallaby, who was Ambassador of the United Kingdom to Germany (1988-1993) and Ambassador of the United Kingdom to France (1993-1996). He was educated at Eton College, won an academic scholarship to Oxford University, and graduated in 1986 with a First Class degree in modern history. His interests include financial markets, the implications of the rise of newly emerging powers, and the intersection of economics and international relations. Mallaby worked at the Washington Post from 1999 to 2007 as a columnist and member of the editorial board. Prior to that he spent thirteen years with The Economist, in London, where he wrote about foreign policy and international finance. He also spent time in Africa, where he covered Nelson Mandela's release and the collapse of apartheid; and in Japan, where he covered the breakdown of the country's political and economic consensus during the 90s. Between 1997 and 1999 Mallaby was the Economist's Washington bureau chief and wrote the magazine's weekly "Lexington" column on American politics and foreign policy. His 2002 Foreign Affairs essay "The Reluctant Imperialist" about failed states was cited by commentators in the New York Times, Financial Times, and Time magazine. Mallaby is a two-time Pulitzer Prize finalist: in 2005 for editorials on Darfur and in 2007 for a series on economic inequality in America. Mallaby's latest book is More Money Than God: Hedge Funds and the Making of a New Elite (2010). Washington Post columnist Steve Pearlstein called it "the definitive history of the hedge fund industry, a compelling narrative full of larger-than-life characters and dramatic tales of their financial triumphs and reversals." It was the recipient of the 2011 Gerald Loeb Award, a finalist in the 2010 Financial Times and Goldman Sachs Business Book of the Year Award, and a 2010 New York Times bestseller. Mallaby's previous books are The World's Banker (2004), a portrait of the World Bank under James Wolfensohn; and After Apartheid (1992), which was a New York Times Notable Book. An essay in the Financial Times said of The World's Banker, "Mallaby's book may well be the most hilarious depiction of a big organization and its controversial boss since Michael Lewis's, Liar's Poker. http://en.wikipedia.org/wiki/Sebastian_Mallaby

http://wn.com/Failed_States,_Financial_Crises,_and_the_Wealth_and_Poverty_of_Nations_World_Bank_2004

The 2008 Financial Crisis: A Behavioral Finance Approach

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Duration: 72:24
Updated: 16 Nov 2013

The 2007-08 Financial Crisis: A Behavioral Finance Approach by Isabelle Bajeux-Besnainou. The 2008 Financial Crisis A Behavioral Finance Approach How to earn money in Forex, forex trend, forex factory, forex traders, forex... Franklin Templeton Investments presents - Behavioral Finance for Everyday Investors: Herding Learn more: Professor Gulnur Muradoglu argues behavioural finance can shed new light on what caused the crisis and explains how it can help to prevent a meltdown in the ... This session features common problematic financial behaviors that arise in the remedial financial counseling setting, illustrated and analyzed through the cr... Behavioral Finance: Understanding Banking Crisis References: Understanding Financial Crisis, Allen and Gale. Hersh Shefrin explains the key benefits of attending the Behavioral Finance program at the Amsterdam Institute of Finance (AIF). For more information, please... Channel Financial: Behavioral Finance is the intersection where human psychology and finance meet. Join the full course on SyMynd.com Investing is not as difficult as you think; we will show you how. Speculating and tradi... The financial quiz was developed by Meir Statman, a behavioral finance expert at Santa Clara University, and Vincent Wood, president of AdvisorTeam.com, a be... A theory of macroeconomic money-supply growth first postulated by Nobel Prize-winning economist Milton ... forex, forex converter, forex online, forex system, trade forex, forex autopilot system, forex trading tips, forex trading, forex learn, forex earning, forex... Dr. Richard Peterson has spent his career at the intersection of psychology and money. From developing quantitative models to imaging the brains of investors... By Professor Richard J Taffler. Summary of the First part of Andrei Shleifer -- Inefficient Markets An Introduction to Behavioral Finance. Thumbs up if you liked this video! Dr. Frank Murtha is a managing director, consultant, and frequent speaker about investor psychology and behavioral finance. He has consulted for the New York... CFA Level İ Behavioral Finance Perspective Part 1. How to earn money in Forex, forex trend, forex factory, forex traders, forex club, forex broker, system forex, forex market, forex t... How to earn money in Forex, forex trend, forex factory, forex traders, forex club, forex broker, system forex, forex market, forex t... This Inaugural Lecture by Professor Christine Oughton (Financial and Management Studies, DeFiMS) entitled Complexity and Diversity: Systems of Finance, Inno... Nicholas Barberis and Richard Thaler (2003). A Survey of Behavioral Finance. In: George M. Constantinides, Milton Harris, and Rene M. Stulz (eds.),The Hand... Dr. Daniel Crosby was recently chosen by Monster.com as one of the 12 thinkers to watch in the world of leadership and organizational development. Educated a... This serves as an introduction to my classes when we do behavioral finance. financial crisis 2008 news financial crisis in perspective collection the financial crisis financial crisis 2007 financial crisis 2013 financial crisis 2013. Franklin Templeton Investments presents - Behavioral Finance for Everyday Investors: Availability Bias.

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Understanding the Financial Crisis: Origin and Impact - Elizabeth Warren (2008)

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Duration: 98:54
Updated: 21 Jul 2013

The financial crisis of 2007--2008, also known as the Global Financial Crisis and 2008 financial crisis, is considered by many economists to be the worst fin...

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How Much Debt Is There in America? Q&A; on Home Mortgage and Consumer Debt (2006)

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Duration: 38:44
Updated: 20 Sep 2013

The Mortgage industry of the United States is a major financial sector. The federal government created several programs, or government sponsored entities, to foster mortgage lending, construction and encourage home ownership. These programs include the Government National Mortgage Association (known as Ginnie Mae), the Federal National Mortgage Association (known as Fannie Mae) and the Federal Home Loan Mortgage Corporation (known as Freddie Mac). The US subprime mortgage crisis was one of the first indicators of the 2007--2010 financial crisis, characterized by a rise in subprime mortgage delinquencies and foreclosures, and the resulting decline of securities backing said mortgages.[1] The earlier Savings and loan crisis of the 1980s and 1990s and National Mortgage Crisis of the 1930s also arose primarily from unsound mortgage lending. The mortgage crisis has led to a rise in foreclosures, leading to the 2010 United States foreclosure crisis. Mortgage lending is a major sector finance in the United States, and many of the guidelines that loans must meet are suited to satisfy investors and mortgage insurers. Mortgages are commercial paper and can be conveyed and assigned freely to other holders. In the U.S., the Federal government created several programs, or government sponsored entities, to foster mortgage lending, construction and encourage home ownership. These programs include the Government National Mortgage Association (known as Ginnie Mae), the Federal National Mortgage Association (known as Fannie Mae) and the Federal Home Loan Mortgage Corporation (known as Freddie Mac). These programs work by offering a guarantee on the mortgage payments of certain conforming loans. These loans are then securitized and issued at a slightly lower interest rate to investors, and are known as mortgage-backed securities (MBS). After securitization these are sometimes called "agency paper" or "agency bonds". Whether or not a loan is conforming depends on the size and set of a guidelines which are implemented in an automated underwriting system.[2] Non-conforming mortgage loans which cannot be sold to Fannie or Freddie are either "jumbo" or "subprime", and can also be packaged into mortgage-backed securities. Some companies, called correspondent lenders, sell all or most of their closed loans to these investors, accepting some risks for issuing them. They often offer niche loans at higher prices that the investor does not wish to originate. Securitization allows the banks to quickly relend the money to other borrowers (including in the form of mortgages) and thereby to create more mortgages than the banks could with the amount they have on deposit. This in turn allows the public to use these mortgages to purchase homes, something the government wishes to encourage. Investors in conforming loans, meanwhile, gain low-risk income at a higher interest rate (essentially the mortgage rate, minus the cuts of the bank and GSE) than they could gain from most other bonds. Securitization has grown rapidly in the last 10 years as a result of the wider dissemination of technology in the mortgage lending world. For borrowers with superior credit, government loans and ideal profiles, this securitization keeps rates almost artificially low, since the pools of funds used to create new loans can be refreshed more quickly than in years past, allowing for more rapid outflow of capital from investors to borrowers without as many personal business ties as in the past. The increased amount of lending led (among other factors) to the United States housing bubble of 2000-2006. The growth of lightly regulated derivative instruments based on mortgage-backed securities, such as collateralized debt obligations and credit default swaps, is widely reported as a major causative factor behind the 2007 subprime mortgage financial crisis. As a result of the housing bubble, many banks, including Fannie Mae, established tighter lending guidelines making it much more difficult to obtain a loan. http://en.wikipedia.org/wiki/Mortgage_industry_of_the_United_States

http://wn.com/How_Much_Debt_Is_There_in_America?_Q&A;_on_Home_Mortgage_and_Consumer_Debt_2006

Professor Bainbridge on the Financial Crisis

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Duration: 10:00
Updated: 02 Oct 2012

Why did the financial crisis of 2007-2008 occur? What should the government response have been at the time and going forward? This is Part 1 of 3 of a presen...

http://wn.com/Professor_Bainbridge_on_the_Financial_Crisis

John Hope Bryant answers a question about the financial crisis at Davos 2010

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Duration: 3:28
Updated: 17 Nov 2012

It's not a recession, it's a reset. it's not a financial crisis, it's a crisis of values. John Hope Bryant gives his thoughts on the financial crisis and wha...

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Global financial crisis 05 Dec. 2010 4 of 4

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Duration: 13:10
Updated: 11 Dec 2010

Global financial crisis 05 Dec. 2010 4 of 4 The Link - PressTV.com 51:02 discussion featuring Max Keiser from Paris, Nick Dearden, Chris Bambery, Muhammed Ra...

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How to Make More Money Than God: Investment Insights, Hedge Funds and Finance (2010)

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Duration: 57:55
Updated: 05 Sep 2013

More Money Than God: Hedge Funds and the Making of a New Elite (2010) is a financial book by Sebastian Mallaby. It is a history of the hedge fund industry in the United States looking at the people, institutions, investment tools and concepts of hedge funds. It claims to be the "first authoritative history of the hedge fund industry." It is written for a general audience and originally published by Penguin Press. It was nominated for the 2010 Financial Times and Goldman Sachs Business Book of the Year Award and was one the Wall Street Journal's 10-Best Books of 2010. The Journal said it was "The fullest account we have so far of a too-little-understood business that changed the shape of finance and no doubt will continue to do so." In each chapter, Mallaby takes a narrative focus on one individual or company that played an important role in the history of hedge funds. Mallaby then weaves in other people, ideas or companies related to the star of the chapter. The following are some of the major people, institutions and concepts on a per chapter basis. The first in each list is the central character of that chapter. Ch 1 Big Daddy: A. W. Jones, Hedge fund Ch 2 The Block Trader: Michael Steinhardt, Steinhardt, Fine, Berkowitz & Co., Block trade, Monetary policy Ch 3 Paul Samuelson's Secret: Commodities Corporation, Paul Samuelson, Bruce Kovner (Caxton Corporation), Trend trading, Automated trading system Ch 4 The Alchemist: George Soros, Quantum Fund, Reflexivity, Jim Rogers Ch 5 Top Cat: Julian Robertson, Tiger Management Ch 6 Rock-and-Roll Cowboy: Paul Tudor Jones II Ch 7 White Wednesday: Black Wednesday, Stanley Druckenmiller & George Sorros Ch 8 Hurricane Greenspan: Shadow banking system, Bond market crisis of 1994, Stanley Druckenmiller & George Sorros Ch 9 Soros vs Soros: 1997 Asian financial crisis, 1998 Russian financial crisis, Stanley Druckenmiller & George Sorros Ch 10 The Enemy Is Us: Long-Term Capital Management, John Meriwether Ch 11 The Dot-Com Double: Dot-com bubble, Tiger Management & Quantum Fund Ch 12 The Yale Men: David Swensen, Tom Steyer, Event-driven investing Ch 13 The Code Breakers: Renaissance Technologies, James Simons, David E. Shaw Ch 14 Premonitions of a Crisis: Amaranth Advisors, Brian Hunter Ch 15 Riding the Storm: John Paulson, Subprime mortgage crisis Ch 16 "How Could They Do This": Financial crisis (2007--present) http://en.wikipedia.org/wiki/More_Money_Than_God

http://wn.com/How_to_Make_More_Money_Than_God_Investment_Insights,_Hedge_Funds_and_Finance_2010

Great Decisions 2010 Intro: The Global Financial Crisis

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Duration: 1:21
Updated: 23 Jul 2013

The global financial crisis that began in late 2007 revealed major deficiencies in the regulation of markets and institutions, all of which came perilously c...

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Professor Bainbridge on the Financial Crisis Part 3

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Duration: 9:43
Updated: 02 Oct 2012

Why did the financial crisis of 2007-2008 occur? What should the government response have been at the time and going forward? This is Part 3 of 3 of a presen...

http://wn.com/Professor_Bainbridge_on_the_Financial_Crisis_Part_3

photo: AP / Jason DeCrow, File

FILE - In this Sept. 26, 2013 file photo, U.S. Secretary of State John Kerry, left, and Iranian Foreign Minister Javad Zarif, right, attend a meeting of the five permanent members of the Security Council plus Germany during the 68th session of the United Nations General Assembly at the U.N. headquarters in New York. The five permanent U.N. Security Council members and Germany meet Iran in Geneva on Tuesday, Oct. 15, 2013 to try to reduce concerns that Tehran wants to build nuclear weapons while satisfying Iran’s demands to recognize its right to peaceful nuclear activities.

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Islamic Drift Theory and Transitional Tectonics

WorldNews.com

25 Nov 2013

Several centuries ago, observers looking at global maps noticed the similarity in outline of the western coast of Africa and the eastern coast of South America. Some begin to speculate that these continents had once been part of the same land mass, which had later separated ... By 1960, evidence proved Wegener's theory showing large scale movements and transitions of the earth's outer layers ... A series of recent raids by the U.S....(size: 6.9Kb)

photo: US Navy / MCS3 Jonah Z. Stepanik

Families affected by Typhoon Haiyan wait for evacuation at the Tacloban airport, Philippines, 22 November, 2013.

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The stench of death remains even as recovery begins

The Gleaner

24 Nov 2013

MANILA, (AP).The death toll from one of the strongest typhoons on record could exceed 6,000 ... Civil defence chief Eduardo del Rosario said 290 others died in other parts of the central and southern Philippines ... "That is the sad record of Yolanda's passage through our country," Roxas said ... He likened the region to a patient that has been moved out of the emergency room into an intensive-care unit....(size: 2.5Kb)

photo: AP / Shin Young-keun, Yonhap

U.S. Air Force B-2 stealth bomber flies over near Osan U.S. Air Base in Pyeongtaek

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Obama Sends B-52s, and a Message, to China

Bloomberg

26 Nov 2013

decision to fly two B-52s through China's claimed "air defense identification zone" around a set of islands disputed between China and Japan was significant in several ways ... And third, for students of the region's recent history, it also brings back memories of another tit-for-tat episode ... agreement to no longer grant Taiwan any kind of official recognition ... enabling of Lee's behavior helped to provoke the crisis in the first place....(size: 3.3Kb)

photo: AP / Kyodo News

In this photo taken on Sept. 15, 2010, Uotsuri Jima in Japanese and Diaoyu Dao in Chinese, one of main islands among the islets of Senkaku in Japanese and Diaoyu in Chinese, is seen from a patrol aircraft P3C of Japan Maritime Self-Defense Forces as it files over the water in the East China Sea during a press tour arranged by Japan's Defense Ministry. Chinese and Japanese leaders are not planning any talks next week on the sidelines of the U.N. General Assembly, partly because of escalating tension over a collision by a Chinese fishing boat and two Japanese patrol boats near disputed southern islets claimed by both countries, a top Japanese spokesman said Thursday, Sept. 16, as Tokyo stepped up its presence in the area.

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Tokyo rejects China's air rights claim in East China Sea

Canberra Times

25 Nov 2013

China's announcement appeared to be the latest step in what analysts have called a long-term Chinese strategy to chip away at Japan's claims to being in control of the uninhabited islands ... a miscalculation or accident that could cause events to spin out of control, leading to an armed confrontation that could drag in the United States....(size: 3.9Kb)

photo: US Army / Spc. Luke S. Austin, photojournalist

File - Staff Sgt. Henry Baez, of Chicago, Spc. Todd Verstrate, of Kewanee, Ill., as well as other Soldiers of Delta Company Security Forces, 33rd Infantry Brigade Combat Team, conduct a foot patrol in Kabul, Afghanistan.

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US warns Karzai it may leave no troops in Afghanistan

Dawn

26 Nov 2013

US national security advisor Susan Rice told Afghan President Hamid Karzai Monday that a delay in signing a troubled security deal risked the US pulling troops out of the country completely next year ... The president held talks with Rice in Kabul after he hedged on when he would accept the deal despite a “loya jirga” assembly of Afghan tribal elders and politicians on Sunday urging him to sign it promptly....(size: 4.6Kb)

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Wall Street bigs to cash in as financial crisis fades

New York Post Online

27 Nov 2013

In the aftermath of the financial crisis, big banks held on to a sizable chunk of executive pay — in the form stock or other deferred compensation instead of up-front cash — to curb the sort of risky short-term thinking that many blamed for tanking the economy ... The typical pay structure for top execs was 75 percent cash and 25 percent equity in 2007, before the crisis turned that on its ear....(size: 3.0Kb)

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The UK can avoid turning Japanese if we stick to the right economic policies

City A.M.

27 Nov 2013

In the wake of the global financial crisis, there have been fears that the major western economies are now “turning Japanese” ... There are three other important differences between the Japanese experience in the 1990s and the position of the western economies since our financial crisis ... Quantitative easing was deployed even later – in 2001, a full decade after the onset of the financial crisis....(size: 4.6Kb)

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Egypt’s Jon Stewart on Comedy and Politics

The New York Times

27 Nov 2013

The official story for that was that the channel pulled us off air because of financial reasons ... It seems counterintuitive if your show is the most popular in Egypt that there would be any kind of financial impediment to it being aired ... I don’t know what is their definition of financial issues ... February 2007 January 2007 December 2006 November 2006....(size: 21.1Kb)

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India leads world in suffering: Gallup poll

Newstrack India

27 Nov 2013

Suffering in the region has increased enormously since the beginning of the global financial and economic crisis, averaging 12 percent between 2006 and 2008, and 22 percent between 2010 and 2012 ... Between 2010 and 2012, residents of both regions were on average less likely to be suffering than they were before the outbreak of the global economic crisis, Gallup said....(size: 3.0Kb)

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>North and South America Renewable Energy Policy Handbook 2013

Seattle Post

27 Nov 2013

The report presents an in-depth analysis of the renewable energy policies across the major countries in North and South America namely the US, Canada, Brazil, Argentina and Mexico. The report provides the current and future renewable energy targets and plans along with the present policy framework, giving a fair idea of overall growth potential of their renewable energy industry ... Table of Contents. 1 Table of Contents 4 ... List of Tables....(size: 28.8Kb)

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North and South America Renewable Energy Policy Handbook 2013

Houston Chronicle

27 Nov 2013

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United Left TD Joan Collins loses promissory notes case

The Irish Times

27 Nov 2013

... crisis then engulfing Ireland ... The judge noted the decisions made in 2008 and during the financial crisis were, and still are, “hugely controversial” but the court wished to emphasise that neither the enormity of those decisions nor their controversial character had any direct bearing on the legal and constitutional issues the court had to consider....(size: 3.4Kb)

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Mouchel appointed PAS 55 Endorsed Assessor (25/11/2013) (Mouchel Group plc)

noodls

27 Nov 2013

Show available access keys (Access Key - 0) Home page (Access Key - 1) Site map (Access Key - 2) Contact us (Access Key - 4) Infrastructure services Careers News Our story Our offices Board and Executive Financial information Our partners Recognised for excellence Sustainability... 2013 2012 2011 2010 2009 2008 2007 ... 2013 2012 2011 2010 2009 2008 2007....(size: 2.6Kb)

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US can't trust Iran, say former hostages

The Australian

27 Nov 2013

The hostage crisis that began in 1979 created decades of animosity between the US and a nation that had once been an ally ... John Limbert, 70, who was a political officer held hostage during the crisis and later became deputy assistant secretary of state for Iran in 2009 and 2010, also supports the deal ... Mr Limbert said the intensity of the hostage crisis created a particularly poisonous relationship....(size: 5.2Kb)

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Growth prospects for SMEs are encouraging (European Commission - Directorate-General for Enterprise and Industry)

noodls

27 Nov 2013

Viewed against the unparalleled depth and complexity of the crisis, such a turn-around would be remarkable testimony to the resilience of the EU SMEs ... A further consequence of the crisis was that the distribution of losses in employment and value added was very unevenly distributed among the Member States ... European SMEs were significantly more resilient than large enterprises at the beginning of the crisis, i.e....(size: 4.2Kb)

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News Quiz | November 27, 2013

The New York Times

27 Nov 2013

Select Month November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 March 2012 February 2012 January 2012 December 2011 November 2011 October 2011 September 2011 ......(size: 8.8Kb)

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Bosch sells solar panel plant as £2bn loss takes shine off unit

City A.M.

27 Nov 2013

A glut of solar equipment has led to a pricing slump over the past four years, ... The company, whose market value plunged from a €5.2bn peak during the green energy boom in 2007 to about €83m, said the deal would not reduce the financial resources of SolarWorld....(size: 1.4Kb)

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New Zealand economy heading for highest growth in seven years: think tank

Xinhua

27 Nov 2013

27 (Xinhua) -- The New Zealand economy will grow next year at its strongest rate since 2007, or before the Global Financial Crisis, led by a surge in household spending, a leading economic think-tank forecast Wednesday. It had taken seven years to recover from one of the deepest and longest recessions on record, according to the Quarterly Predications issued by the New Zealand Institute of Economic Research (NZIER)....(size: 2.3Kb)

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