Showing posts with label 60 minutes. Show all posts
Showing posts with label 60 minutes. Show all posts
2/16/2010
11/27/2009
Dubai
I wonder if many people, as I did, assumed all this was being built with petro dollars. That is petro turned into cash, turned into real estate.
Turns out they used just a "little" debt as well.
Too bad no one told them, capital is scarce. :)
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Turns out they used just a "little" debt as well.
Too bad no one told them, capital is scarce. :)
Watch CBS News Videos Online
Watch CBS News Videos Online
9/19/2009
The Good the Bad and the Ugly
You can decide which heading belongs to which story.
Watch CBS Videos Online
Watch CBS Videos Online
Watch CBS Videos Online
Watch CBS Videos Online
Watch CBS Videos Online
Watch CBS Videos Online
3/09/2009
"Daddy's Benk"
My kids were young when I started with the bank, whenever we drove by a branch my daughter would recognize the logo and state "Daddy's benk". Not sure why I thought of that now, I guess because she's growing up and I'm feeling old. :)
Hopefully "Daddy's benks" don't go broke because as 60 Minutes reports, the depositors are protected, but the shareholders get wiped out.
More great journalism from 60 Minutes.
Watch CBS Videos Online
They raise an interesting question about limiting the size of banks going forward. If you're too big to fail then maybe you shouldn't continue to exist in your current form.
I'm of the opinion, probably a minority position, that no company is too big to fail. We just need to let them fail. Let the consolidation continue.
I guess we will never know what would have happened if the government had stayed out of the way.
As long as we're watching 60 Minutes we might as well get the Bernie Madoff story from them as well. It's sad that you have to diversify your portfolio managers to protect from yourself from fraud. Investors now have systemic and fraud risk, to go along with the old company, market, and inflation risks we have always lived with.
There's probably a few more "risks" I'm forgetting.
Watch CBS Videos Online
Hopefully "Daddy's benks" don't go broke because as 60 Minutes reports, the depositors are protected, but the shareholders get wiped out.
More great journalism from 60 Minutes.
Watch CBS Videos Online
They raise an interesting question about limiting the size of banks going forward. If you're too big to fail then maybe you shouldn't continue to exist in your current form.
I'm of the opinion, probably a minority position, that no company is too big to fail. We just need to let them fail. Let the consolidation continue.
I guess we will never know what would have happened if the government had stayed out of the way.
As long as we're watching 60 Minutes we might as well get the Bernie Madoff story from them as well. It's sad that you have to diversify your portfolio managers to protect from yourself from fraud. Investors now have systemic and fraud risk, to go along with the old company, market, and inflation risks we have always lived with.
There's probably a few more "risks" I'm forgetting.
Watch CBS Videos Online
12/08/2008
The Oil Kingdom
Interesting story from 60 Minutes on Saudi Arabia's oil business.
The energy industry is unsure of what Saudi Arabia's actual proven oil reserves are, as they produce millions of barrels a year and their stated proven reserves never go down.
Part 1
Watch CBS Videos Online
Part 2
Watch CBS Videos Online
The energy industry is unsure of what Saudi Arabia's actual proven oil reserves are, as they produce millions of barrels a year and their stated proven reserves never go down.
Part 1
Watch CBS Videos Online
Part 2
Watch CBS Videos Online
10/28/2008
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