It’s safe to say poor regulation of lending practices, securitizations and ratings were at least part of the issue with regards to the current mess the global financial system finds itself. Some argue in current conditions that more regulation is required going forward, and others argue for less.
Personally, I believe the system will require [...]
Monthly Archives: July 2008
So, Who To Regulate?
Posted on July 31, 2008 – 10:32 AM
Book Review: A Demon of Our Own Design
A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation
By Richard Bookstaber
Richard Bookstaber’s prescient book (relative to the current credit environment, at least) is a wonderful insider’s look at a number of the so-called ‘fat tail’ (extraordinary or, more accurately catastrophic) events in financials markets of the last three decades. [...]
Posted on July 29, 2008 – 9:54 AM
Barbarians at the Gate: Going Public
News broke yesterday that KKR, which had been mulling an IPO for some time, will go public. The optimist in me wants to think that KKR has announced the IPO (which should value the firm between $12-$15b) because it thinks by the time the offering goes through markets will be in better shape. Alas, [...]
Posted on July 28, 2008 – 9:52 AM
Goldman Sachs raises $10 billion LBO-financing fund
Goldman Sachs offers further proof it is the premier financial institution on the planet by raising a $10b fund to invest in LBO debt. Capital was raised from Goldman investors, partners and the firm itself.
The fund will operate under Goldman’s Private Equity arm as opposed to its Debt arm and will probably invest a large [...]
Posted on July 25, 2008 – 9:19 AM
Weekly Links for July 25, 2008
ESA’s weekly links post will consist of the most interesting and relevant articles and posts we come across every week. It will include links from old media news outlets and quality independent blogs and will appear on Friday morning (for now).
Weekly Links will appear more sporadically during the summer months.
Freddie and Fannie: Taxpayer’s Tab?
Yves [...]
Posted on July 25, 2008 – 4:13 AM
Welcome to our new website!
The Economics Students’ Association (ESA) is a USC-ratified student-run organization designed to not only provide academic support for economics students, but also to advance their non-curricular knowledge and economic interests. Throughout the year, the ESA hosts numerous pre-exam study sessions, social events, guests speakers, recruiters nights, vocational tutorials, and general meetings.
At these general meetings, international [...]