President Obama often makes the claim that he inherited the country's current economic crisis. But in truth, it was Obama and his fellow Democrats who...
How financial innovation and the creation of highly complex securities made it possible to disguise what was essentially junk debt as AAA-rated debt and sell...
Financial Theory (ECON 251) Standard financial theory left us woefully unprepared for the financial crisis of 2007-09. Something is missing in the theory. In the...
The economic bubble in the housing market can't be blamed on one group alone. Most American's got greedy starting with the banks, wallstreet, underwriters, and...
