Who to blame for current financial crisis?

Reading Time: < 1 minute Greenspan (regulators): for he kept interest rate too low (1%) for too long, during the recession after dot com bubble. Bush (politicians): for his failed Iraq war which cost American tax payers more than 500 billions so far. He asked American “go shopping” after 911, in addition to buying a car or a house. Democrats… Continue reading Who to blame for current financial crisis?

Wall street 101

Reading Time: < 1 minute The following is copied from the bbs at world famous mit. I pasted it here so people in China can get to it. The article explains the career path of wall street. For ordinary investors who are not going to wall street, this article also explains how finance works…IBD stands for investment banking division. Let… Continue reading Wall street 101