Stepping Away from Lending Club

Mod note: Blast from the Past - "Best of Eddie." This was originally posted in April 2013.

It's been awhile since I've done an update on the Lending Club WSO CDO and...

Our Fascination with Failure

What is it about seeing the mighty fall that causes us to gather for miles around to watch the spectacle? Why do we love to see the wealthy and powerful brought low?

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An Interesting Spin on Ratings Agencies

I don't think too many people would argue that the current system of ratings agencies is anything other than deeply flawed. The out-and-out fuckery (for want of a better word)...

How Tech Beat Wall Street

In last Friday's Bonus Bananas one article stood out: it was the piece written by Bryan Goldberg entitled, " Young people are screwed... Here's how to survive ". The WSO...

Shocker: People Who Were Deadbeats in 2008 Are Still Deadbeats

In the years immediately following the financial crisis, no small amount of space on WSO was dedicated to the debate over what should be done about those Regular Joes who were...

Unpaid Internships: Yes or No?

Today I want to discuss a growing trend in the industry (and across all industries) and get your take on it. I'm talking about unpaid internships . These internships are being...

Do You Think the Market Is Rigged?

I just started reading Flash Boys: A Wall Street Revolt and I'm not the least bit surprised that I love it so far. Michael Lewis is out promoting the book, naturally, and he...

Uncle Eddie's Guide to Rum

I've been meaning to do this for some time now and, with the holiday party/gift giving season right around the corner, I figured now was as good a time as any. Those of you who...

Great Article on Day Trading

I think every one of us at one time or another has at least thought about walking away and day trading our own account. Most of us never do it (I did it for about 6 months and...

Ray Dalio Teaches Econ 101

This is really excellent. Imagine having Bridgewater 's Ray Dalio as your Econ 101 professor. Then imagine that the class was only 30 minutes long. I can't for the life of me...

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