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6 Free Financial Modeling Lessons...and More.

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2008 financial collapse
 

About The Big Short

ywu86's picture
ywu86
      ER
 
(Chimp, 9
 
Points)
 on 5/7/13 at 1:22pm

I'm sure most people here have read or heard of this book. What do you guys think of it? Is it true that the Wall Street system is "rigged', like the author said and most people on the Street are just making money based on their connections and institutions instead of knowledge?

  • 22
     

Stuck in operations? Advice from a former victim

corporateape's picture
corporateape
      CF
 
 
(Senior Baboon, 200
 
Points)
 on 10/5/12 at 1:00am
Operations

Just to warn you in advance: You are about to read an article from a college kid who wasn’t able to secure a front office role although having relevant finance- related experience.

But what do you do after getting rejected from pretty much every job you applied to while the world seems to come to an end as a result of the collapse of several investment banks in 2008 and 2009? Let me tell you: You watch the devil rise and break through the concrete of Wall Street in order to take you to a middle office/back office gig in operations.

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  • 9
     

The Greater Recession

sreedich's picture
sreedich
     
 
(Senior Baboon, 190
 
Points)
 on 7/21/12 at 6:30pm
The Greater Recession

You think 2008 was bad, wait and see what the next economic collapse has in store for all of us. The economy, US and Global, is in a proverbial state of pissing into the wind. Debts are out of control, with no solution in sight, politics are out of control, with no solution in sight, the economy is out of control, with no solution in sight. I hate to say that optimism is for suckers, but as time drags on it may be true.

Pessimism, even with all of its negative connotations, may be the world we now live in. No longer do we have free reign as an optimistic institution. The world we grew up in, prior to 2008, could be seen as “anything can happen”.

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  • 9
     

how pearl harbor caused the financial crisis

dwight schrute's picture
dwight schrute
     
 
(Gorilla, 676
 
Points)
 on 12/1/11 at 10:44pm

I don't know if anyone has posted this yet, but this article brilliantly (and humorously) describes the U.S. economy post WWII.

For your enjoyment:

http://www.jamesaltucher.com/2011/11/pearl-harbor-...

  • 3
     

Leeman Brothaz - Greed is Good

cheme-ib's picture
cheme-ib
      CO
 
(Senior Monkey, 89
 
Points)
 on 5/11/11 at 7:02pm

Haha check this out:

http://www.youtube.com/watch?v=EoMpcz0S3hc

  • 6
     

ROWS: Reminiscing Over Wall Street

Midas Mulligan Magoo's picture
Midas Mulligan Magoo
     
 
(Senior Neanderthal, 5,167
 
Points)
 on 1/20/11 at 8:23am
ws

Reminiscing becomes a bigger part of life as we age. The more miles you have under your belt, the less new experiences there are and the more you think about what has transpired.

What could have/should have I done better? Is this the right path? Where to go from here?

We face these questions every day without even thinking about them, they are as big of a part of us as any arm, leg or lung. We don't usually tend to reminisce over careers and the industries we were in until they are over, however.

In an odd twist of events few predicted and even fewer spoke about, Wall Street has become this sort of industry. Every day it becomes harder and harder to talk about news on the ground.

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  • 6
     

Future of Fannie/Freddie?

sola-rex sola-rah's picture
sola-rex sola-rah
      O
 
(Chimp, 14
 
Points)
 on 12/13/10 at 1:58pm

Enlighten me.

  • 3
     

Damn you financial reform

Barboone's picture
Barboone
      PE
 
 
(Senior Gorilla, 831
 
Points)
 on 10/18/10 at 9:26pm
z2.jpg

What does this mean? lower pay at public banks?

SEC proposes 'say-on-pay' rules

SEC proposes 'say-on-pay' rules for shareholders in line with financial overhaul

WASHINGTON (AP) -- Federal regulators have proposed rules giving shareholders at all public companies a nonbinding vote on executive compensation packages.

The Securities and Exchange Commission on Monday opened to public comment the so-called "say-on-pay" proposals. They also would give shareholders an advisory vote on the "golden parachute" deals that executives get when their companies are acquired by others in mergers.

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2008 Year in Review by Edmundo Braverman – Free Download

Download Edmundo Braverman’s 2008 Year in Review

Please click below for a FREE download of Edmundo Braverman's 2008 Year in Review.

2008 Year in Review

Free

  • 1
     

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