(Note: Why is a title insurance company writing about investing and hedging tools like credit default swaps? Because the potential risk to the economy and to the financial well-being of all Americans would affect every industry and every business, title insurance included!) As a result of the travel firm Thomas Cook filing for bankruptcy a few days ago, […]
Summary: With easy money coming back into the market, borrowers who should not be borrowing getting loans and the economy at a tipping point is the history of the financial crisis about to repeat itself? Will the return to ‘easier’ lending practices in markets spanning mortgages, student loans and used cars pose a problem? Problem for the […]
In an investment some debt or leverage can be good but, at some point, it can become all-consuming and impossible to repay! Think about what happened to homeowners who had a variable-rate mortgage, also known as debt or leverage, when mortgage rates began to rise and the value of the asset fell. If their income stayed […]
Dewey & LeBoeuf, a New York-based law giant, made the wrong kind of history in 2012 when it became the largest law firm in US history to fail! White-Shoe Firm Defined – ‘The most prestigious firms in professions such as law, investment banking and management consulting. White-shoe firms typically have a blue-chip clientele, acquired over the several […]
