Tom Spencer

NOVEMBER 17, 2018

Many an economics and finance course later, I see that the layers of complexities to the 2008 financial crisis are innumerable. Mortgage originators often lent the entire purchase price of a house without asking for documentation to verify the borrower’s income, assets, and employment status. It all seemed so clear.

Financial 60

Financial Banking Balance Sheet Cash Flow 60

Harvard Business

JULY 12, 2017

In effect, they all had skin in the game, which remains one of the most elusive elements of modern finance. It breeds indifference, which in turn breeds a yawning gap between underwriters, whose balance sheets absorb risk (the risk takers), and customers, whose enterprises create risks (the risk makers).

Insurance 35

Insurance Insurance Industry Balance Sheet 35

MishTalk

APRIL 1, 2015

Chicago finances are even worse than I thought which is saying quite a bit because I have written about the sorry state of Chicago finances on numerous occasion. Kristi Culpepper, a bond guru, has gone over Chicago''s annual financial report, bond documents, investor presentations, and CAFRs. Who Is Kristi Culpepper?

Financial 28

Financial Engineering Finance Government 28