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Back in the Saddle, Just in the Nick of Time

MishTalk

Ally, whose defunct GMAC Mortgage unit was one of the biggest lenders of subprime mortgages in the run-up to the 2008 housing bust, will inch back into direct home loan originations next year, the bank’s Chief Executive Officer Jeffrey Brown said this week at a Goldman Sachs Group Inc. financial conference in New York.

Mercer 28
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Why GE’s Jeff Immelt Lost His Job: Disruption and Activist Investors

Harvard Business

Everything is on the table,” Flannery said on a conference call to discuss quarterly earnings. During Immelt’s tenure, GE’s stock market value fell by about half. “We need to make some major changes with urgency and a depth of purpose. “Things will not stay the same at GE.” So what happened?

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Reflections on 2013; What's Important, What's Not? What's Ahead?

MishTalk

Had I suggested in 2007 that the Fed balance sheet expansion of $75 billion a month would have been considered "tightening" people would have thought I was nuts. A similar crash in public opinion awaits Bernanke for fueling one of the biggest, if not the biggest stock and bond market bubbles in history. Here we are.