- A lesson from Roman History
Last week I posted about the history of the Drachma and Greece. Thought it would be interesting to share the history of the Roman empire and its currency. The following is based on a speech by Joseph R. Peden given in 2009. Scholars have devoted a great ...
Blog entry - prashantkhorana - Nov 24 2012 - 8:45pm - 4 comments
- Querencia and the Euro
The Euro is dropping again today on the European markets, and is approaching its debut level from 1999 ($1.1842). There is fear of an almost-certain sovereign default (Greece being the consensus "victim"), and the seeming lack of commitment to ...
Blog entry - Edmundo Braverman - Jun 7 2010 - 7:20am - 6 comments
- Absorbing Losses
What exactly happens when the government says it will "absorb" BAC's losses? I would think they simply pay BAC book value for a troubled asset so that BAC loses/gains nothing on the transaction. Alternatively, can they reimburse BAC for any ...
Forum topic - m0nk3y - Jan 16 2009 - 12:27pm - 2 comments