Wall Street’s Shadow Market by CBS

Posted in :

stlplace
Reading Time: < 1 minute

I am a big fan of CBS 60 minutes. This weekend it explains the Credit Default Swap (CDO) market, and how it backfired and brought down the Bear, Lehman, and AIG. One nice thing about this CBS video (link here), is one does not need formal finance education to understand it. The video lasts 12 min.


Watch CBS Videos Online

, , ,

Related Posts

  • Buying used car in St. Louis
    November 23, 2024

    <span class="rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Reading Time: </span> <span class="rt-time">< 1</span> <span class="rt-label rt-postfix">minute</span></span> I have not bought used car for a while, my last two used cars are both Toyota Pre own certified: basically I found the car online, went for a test drive at the dealership and bought them. But this morning I had opportunity to visit a used car dealer in my old neighborhood: I lived

    Read More
  • Avoid the traps aka the financial fraud
    November 22, 2024

    <span class="rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Reading Time: </span> <span class="rt-time">< 1</span> <span class="rt-label rt-postfix">minute</span></span> One downside of the free speech in this country, is one can hear or see all kinds of shenanigans or “God damned lies” on TV (both network and cables), on radio, and the latest and greatest the social medias. Examples of financial frauds in America I read today 11-22-2024 Friday: CNBC: ‘I have no money’:

    Read More
  • How to change the headlight bulb for Toyota Sienna 2012
    November 19, 2024

    <span class="rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Reading Time: </span> <span class="rt-time">< 1</span> <span class="rt-label rt-postfix">minute</span></span> This is the replacement light bulb at Amazon: last purchased Sep 14, 2022 (replace one about 2 years ago; replace another one this evening). One driver flashed me yesterday evening. And this evening a neighbor told me one of the light for my minivan is out 🙂 Took me a while to find the other

    Read More
  • PTSD for Veterans and First Responders
    November 19, 2024

    <span class="rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Reading Time: </span> <span class="rt-time">< 1</span> <span class="rt-label rt-postfix">minute</span></span> Yesterday afternoon, I attended the visitation of a former colleague. Although my boss and colleague didn’t say explicitly, it’s quite apparent to me, that the former colleague took his own life. This is the charity the family suggest donation in lieu of flowers. I googled “PTSD for veterans”, and this resource website by va.gov pops

    Read More
%d bloggers like this: