Video-o-rama: Financial markets in turmoil

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So much has happened in the financial markets lately, prompting me to pre-empt the customary Sunday edition of the “Words from the Wise” post by sharing with you a number of video clips that have attracted my attention over the past few days. […]

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Forrest Gump on mortgage backed securities…

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Mortgage Backed Securities are like boxes of chocolates. Criminals on Wall Street stole a few chocolates from the boxes and replaced them with turds. Their buddies at Standard & Poor rated these boxes AAA Investment Grade chocolates. These boxes were then sold all over the world to investors. Eventually somebody bites into […]

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