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Archive for the 'Finance' Category

Gambling And The Financial Industry

Monday, February 9th, 2009

The Wall Street Journal has a fascinating article (must pay for access) about Deutsche Bank trader Boaz Weinstein. He just netted Deutsche Bank a $1.8bn loss, wiping out the gains of two years of trading. Guess what his hobbies are? Chess, Poker and Black Jack. He was famous for his gambling — he had even [...]

Finance, Web | Comments (0)

The Worst Is Yet To Come

Wednesday, December 3rd, 2008

I recently had a client apply for a credit card. She is a homemaker, with no personal income. The house she lives in is in her husband’s name. She would have asked for a $3,000 credit line, just to pay miscellaneous expenses and to establish some credit on her own. So the computer is told [...]

Finance, Web | Comments (0)

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