Today at The Huffington Post Tim Berry shares the results of a survey conducted last week to explore the availability of business credit via bank loans, commercial credit, SBA loans, etc. The results are not surprising: there's precious little credit available....
Jonathan Jarvis, as part of his thesis work in the Media Design Program at the Art Center College of Design in Pasadena, California, has done a masterful video titled "The Crisis of Credit" that explains the interconnections between housing, mortgages, banks and...
These perilous economic times lead all of us outside of our comfort zone, and these thoughts certainly don’t fall directly into my current sphere of expertise as a payments industry consultant. But I did start my business career as a corporate lending officer –...
Tonight CNBC airs a program on the origins of the economic crisis, including an interview with Greenspan who claims that the Federal Reserve could have taken steps to prevent the housing bubble, but doing so would have prevented the economic boom and dramatically...
This week's Economist includes a Special Report on The Future of Finance (and it's not pretty): Contents: The collapse of finance Why is finance so unstable? Fallible mathematical models When markets turn Playing financial chicken Regulating finance...
Sigurd Rinde believes that double entry accounting is a root cause of the current economic calamity. He's got a point. Check this out: [except - read the whole post here] Is there a root cause? And if so, why is it not discussed? So why is it not discussed?...
(via Freakonomics) The latest recession indicator: more people are searching Google for "coupons" than for "Britney Spears." And it's not that Britney is getting less...
Joe Nocera thinks so. Ms. Bair — who, thankfully, will remain the head of the F.D.I.C. in the new administration — has been thinking along the same lines. She, Mr. Bernanke and Treasury officials have begun talking about a new kind of bank, one that would be...
A conversation with Léo Apotheker, co-CEO and a member of the Executive Board of SAP AG and Andrew Mcafee of the Technology and Operations Management Unit at Harvard Business School on Charlie Rose (aired Jan 6th) On IT within the Financial Services...
The folks at Bloomberg have alerted me that Paulson will be on Bloomberg TV today: In an exclusive interview as he prepares to leave office, Treasury Secretary Henry Paulson responds to the latest jobs number -- which could be the worst since the 1970s. He'll...
