The Stock Market: Explained! by 1950s educational videos

Two gems I found on DVD. Sadly, since I don’t own the copyright, and don’t feel like getting into a kerfuffle with anyone, for now I’m just going to put them behind a password on Vimeo for our own internal use. So, Team TRADE PRACTICES, you know what to do. If anyone else is reading … Continue reading

Woolley’s Ten-Point Manifesto

A 10-point memorandum targeted at what Woolley calls giant funds, the custodians of social wealth, which he defines as sovereign funds, corporate and public pension funds and university foundations and endowments. Woolley’s thesis is that these giant funds have become unwittingly complicit in the creation of a vast unstable monster that the global financial system has … Continue reading

What good is Wall Street?

notes and quotes from Cassidy, John. “What Good is Wall Street?” The New Yorker. 29 November 2010. Big banks have transformed themselves from businesses whose profits were tied to the needs of their clients to huge trading houses whose focus is exploiting daily movements in markets. Constant need to invent new financial products to sell — this … Continue reading

The Giant Pool of Money

notes on Blumberg, Alex and Adam Davidson, “The Giant Pool of Money”  This American Life 355, 9 May 2008. There is this long chain of people that starts with these Wall Street guys and ends with people who stand to lose their houses. And all along that chain there were bankers, and brokers, and investors, and … Continue reading

Is the Party Over?

[commenting on Sherman’s “The Emasculation of Wall Street”] notes on Lavelle, Louis. “Wall Street: Is the Party Over for MBAs?” Bloomberg BusinessWeek (online). 7 February 2012. – Big cuts in compensation have been accompanied by a decrease in recruiting and hiring of baby investment bankers. -Probably has the most to do with an oversupply problem — there … Continue reading

The End of Wall Street As They Knew It

notes on Sherman, Gabriel. “The End of Wall Street as they Knew It.” New York Magazine. 5 February 2012. From the outside, the seven- and eight-figure payouts that star bankers earned could seem obscene, immoral even. But on the inside, the outlandish compensation reflected a strict, almost moral logic. -Wall Street as meritocracy means that the bonuses are … Continue reading

William Cohan talk, “Money & Power”

Why does Wall St. keep doing this to us? this is NOT a “once in a hundred years” thing, as they like to say it is par for the course, BUSINESS AS USUAL Goldman-Sachs has been around for a LONG time, 120+ years in that time has been involved in MANY law suits, indictments, ponzi … Continue reading