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Posts Tagged ‘banking’

Opacity And Risk Taking

Posted in Finance, tagged , , on September 10, 2009 | Leave a Comment »

A couple of months ago, Nassim Taleb spoke out in Bloomberg about the “reforms” taking place in the financial system under the Obama and Geithner plans. He expressed his disgust and disappointment that not only are governments bailing out failed institutions but the new accounting standards being proposed after the crisis allow for even less [...]

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Nassim Taleb: A Skeptic Speaks Out About The Economic Crisis

Posted in Critical Thinking, Finance, Philosophy, tagged , , , , , , on January 14, 2009 | Leave a Comment »

Former derivatives trader turned skeptical philosopher, Nassim Taleb, vents his frustration at the world financial system for allowing hindsight bias to fool them into a false sense of security which has now led to the worldwide financial crisis and recession.
Taleb criticizes economists for relying on theoretical models that have little bearing on the real-world appreciation [...]

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BPI’s Gigi Montinola On The Financial Crisis

Posted in Critical Thinking, Finance, tagged , , , , on November 1, 2008 | Leave a Comment »

Aurelio “Gigi” Montinola III is the president of the Bank of the Philippine Islands, and one of the most respected bankers in the Philippines. He wrote the following messages, which I find as the most sober and forthright thoughts in this financial crisis.
Fellow Unibankers,
Attached please find a piece that I was supposed to write [...]

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Weekend Viewing: A Primer On Money

Posted in Critical Thinking, Finance, Politics, tagged , , , , , on October 25, 2008 | Leave a Comment »

In a similar vein as films we have featured here before such as Money as Debt, Money Masters, and criticism posed by Zeitgeist Addendum, here is a documentary featuring personalities from the Mises Institute about the nature and flaws of the present monetary system. This is Money, Banking, and the Federal Reserve.

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Uncle Sam Now Owns U.S. Banks — Capitalism Has Become Socialism

Posted in Finance, Philosophy, Politics, tagged , , , , , , on October 14, 2008 | 2 Comments »

Latest news is that the US government has unveiled its intention to buy about USD250B worth of bank equity–to recapitalize their banking system. This in effect, nationalizes the US banking system, and after its absorption of Federal institutions Fannie Mae, Freddie Mac, Indymac, and recently AIG, puts the once proudly capitalistic country closer to its [...]

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Is the American Dream Over?

Posted in Finance, tagged , , , on September 30, 2008 | Leave a Comment »

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Feds Pump Billions into the Financial System

Posted in Finance, tagged , , , , , , on September 30, 2008 | 2 Comments »

I am not a Finance man, but the article below seems quite bad. Just fixing this seems to be a big problem, and other bankruptcies can occur anytime.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ahwz_k5JvuB8&refer=worldwide
Sept. 29 (Bloomberg) — The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis [...]

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