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The NYSE preserved a way to put people in charge -- and take control away from the computers -- in the event of a big percent change in a stock's price. Putting a person in charge of trading a ...
Economist Joseph Stiglitz called them "one of the key culprits" of the financial crisis. [200] Others called their ratings "catastrophically misleading", (the U.S. Securities and Exchange Commissioner [201]), their performance "horrendous" (The Economist magazine [202]). There are indications that some involved in rating subprime-related ...
source: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States, p.229, figure 11.4 Credit rating agencies came under scrutiny following the mortgage crisis for giving investment-grade, "money safe" ratings to securitized mortgages (in the form of securities known as mortgage-backed securities (MBS) and collateralized debt obligations ...
This caused Countrywide's financial condition to deteriorate, ultimately resulting in a decision by the Office of Thrift Supervision to seize the lender. One Countrywide employee—who would later plead guilty to two counts of wire fraud and spent 18 months in prison—stated that, "If you had a pulse, we gave you a loan." [330]
A speculative bubble (also called a financial bubble or an economic bubble) exists in the event of large, sustained overpricing of some class of assets. [8] One factor that frequently contributes to a bubble is the presence of buyers who purchase an asset based solely on the expectation that they can later resell it at a higher price, rather ...
Event-driven investing or Event-driven trading is a hedge fund investment strategy that seeks to exploit pricing inefficiencies that may occur before or after a corporate event, such as an earnings call, bankruptcy, merger, acquisition, or spinoff. [1]
On 14 September 2011, in a move to further ease Ireland's difficult financial situation, the European Commission announced it would cut the interest rate on its €22.5 billion loan coming from the European Financial Stability Mechanism, down to 2.59 per cent—which is the interest rate the EU itself pays to borrow from financial markets.
Image credits: Solamon77 Dogen also had some great tips to share with aspiring bookwriters. He urged them to treat writing like a business. "Writing a book is only part of the equation; marketing ...