Here’s what fueled much or maybe most of Wall Street’s growth over the last few years: Investment banks (and by that I also mean the investment banking arms of giant banks like Citigroup and UBS) found ever more ways to sell gobs of risky securities while a) telling the buyers they weren’t risky, in many [...]
Thanks to the falling prices of used vehicles, especially trucks and SUVs, GM and Ford are scaling back their leasing programs, and Chrysler is getting out of the game altogether. This morning I had a chat with Sergio Stiberman, the CEO of LeaseTrader.com, and he had some interesting data from the secondary market. LeaseTrader.com is [...]
I’ve tried to make the case before that the horrible times afflicting the nation’s metropolitan daily newspapers have far more to do with the collapse of a monopoly distribution model than with the quality of reporting in those newspapers. But now Paul Davis, publisher of the weekly Tuskegee News in Alabama, is making me do [...]
