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POPSThis Is Just Scary Always a pleasure to read a master when she's on: Dig this thoughtful--and downright scary--piece by the NY Times' Gretchen Morgenson on the massive (and massively troubled) credit-default-swap market.
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POPSComplacency Kills Web entrepreneurs beware: Business models that thrive today are threatened tomorrow. And that's when the venture vultures start circling....
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POPSA Question We All Should Ponder We know--we KNOW--that the financial services industry is rife with greed, conflicts of interest and all manner of generally unseemly behavior. But we know, too, that overly aggressive regulation runs counter to our rightfully cherished belief in free markets. So what to do? Think about it. And while you're at it, read this article by the inimitable John Cassidy in The New Yorker.
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POPSWhen Greed Grips Main Street This incredibly scary story highlights the incredible sense of self-entitlement gripping the U.S. Disturbing as it is, you can always count on Wall Street to be greedy. But how is it that someone with a 500 FICO score thinks he can afford to live in a $500,000 home? This is a big problem--and it's only begun to haunt us.
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