BPI’s Gigi Montinola On The Financial Crisis

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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Michael Milken and Muhammad Yunus On The Credit Crisis

Veteran interviewer Charlie Rose features legendary bond trader Michael Milken (of the 80s junk bond era) and economist and 2006 Nobel Peace Prize recipient Muhammad Yunus who founded Grameen Bank which pushed micro-credit in Bangladesh.
These two distinguished individuals share fantastic insights on the Bangladesh micro-credit experience and how lessons from self-employment are relevant to the global [...]

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Market Fundamentalism Is The New Religion

Bill Moyers interviews Soros. In this illuminating chat, Soros talks about the state of the financial system, and the prevailing belief of “Market Fundamentalism” which is: markets correct themselves. He disagrees with this and encourages more market regulation otherwise markets left on their own are prone to bubbles and crashes.

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Comparing The Three Bears

Unlike goldilocks, it isn’t a question of too hot, too cold, and just right.

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Money As Debt – Explaining The Root Of All Money

It’s often said that Money Is the root of all evil. Why is this so, and more to the point: what is the root of all money? Is it Gold? Is it the sum of all goods and services in an economy?
Paul Grignon produced an animated documentary about money and banking in the modern society which [...]

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