All Ponzi’s disciples

Reading Time: 2 minutes Madoff story continues to occupy the news these days (e.g., this one from NYTimes). Yesterday, Satyam, the No. 4 Indian IT outsourcer, broke the news with giant accounting scandal (BBC news, wiki: Satyam). But the story does not end here. In my mind, there are many other ponzi schemes in our lives, and sometimes people… Continue reading All Ponzi’s disciples

Subprime 101 in picture

Reading Time: < 1 minute The following picture is from Sina. For the full size picture, here is the link. Of course, Sina usually has a nice collection of hot topics. Here is the link to its special topic regarding “subprime”. Job well done, Sina!