WSJ On The Micro Finance Bubble In India
Source: “A Global Surge In Tiny Loans Spurs Credit Bubble in a Slum” (subscription required), The Wall Street Journal, August 13, A1
Source: “A Global Surge In Tiny Loans Spurs Credit Bubble in a Slum” (subscription required), The Wall Street Journal, August 13, A1
(Source: “Numbers On Welfare See Sharp Increase” (subscription required), The Wall Street Journal, June 22, A1)
Our complaint alleges a stunning fraud that appears to be of epic proportions. – Andrew Calamari (subscription required), Associate Director of Enforcement, SEC New York Office It’s all just one big lie…. basically, a giant Ponzi scheme. – Bernard Madoff allegedly…
Citigroup (C) just announced that they are selling a $7.5 billion stake to the sovereign wealth fund of Abu Dhabi, one of the United Arab Emirates. The stake is in the form of equity units which are “mandatorily convertible” into…
“I can’t say people will get rich on it, but I would rather be safe than sorry.” – Walter Schloss, on his recommendation of insurance company CNA Financial 91 year old Walter Schloss may not be as famous as Warren Buffet but…
Over much of the last four decades, John A. Allison IV built BB&T from a local bank in North Carolina into a regional powerhouse that has weathered the economic crisis far better than many of its troubled rivals — largely by avoiding…
I would like to see a regulatory system aimed at insulating the real economy from financial innovation insofar as that is possible. That may require limits on the freedom of action of commercial banks. – Robert Solow, 1987 Nobel Prize…