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Courtesy of roseryan.com via CFO magazine.
Archive for the ‘Finance’ Category
What Type of Finance Pro Are You?
Sunday, February 20th, 2011The $555,000 Student-Loan Burden
Tuesday, February 16th, 2010The Wall Street Journal has a story about a Medical Student who now owes over $555,000 in student loan debt. Michelle Bisutti originally borrowed $250,000 to cover medical school, but her balance quickly ballooned as she deffered loan payments and defaulted during her residency.
While student loan debt of $500K is rare, balances of $100K+ are becoming more and more common.
Should More People Voluntarily Default on Their Home Mortgage?
Thursday, January 7th, 2010This NY Times article makes a case that people who owe significantly more on their mortgage than their home is worth might be better off to walk away, even if they can afford the payments. The Wall Street Journal ran a similar article a few weeks ago.
The idea is that many people who bought homes with little or no down payment during the market’s peak could walk away and rent a similar home for a fraction of the price. The additional savings could significantly increase their financial well-being by sacrificing their credit.
John Courson, the president of the Mortgage Bankers Association disagrees and questions what kind of “message” homeowners who voluntarily walk away will send to family, kids, and friends. He correctly cites that foreclosures futher depress surrounding home prices.
The Myth of the American Dream
Sunday, May 31st, 2009I have often told my friends and colleagues that the I disagree with the idea of home ownership being the American Dream or a path to personal wealth. I have cited that even in the best markets, the actual rate of the return in too low. Home ownership also makes the workforce less mobile which causes other problems for our economy. Brett Arends of the Wall Street Journal agrees.
Story courtesy of Yahoo.
SNL: Geitner On Stress Tests
Monday, May 11th, 2009courtesy of SNL.
Ground Changing News from the Treasury Department
Sunday, April 19th, 2009Facebook is Looking for a New CFO
Tuesday, March 31st, 2009The popular social networking company did not give an official reason for the departure of its previous CFO, Gideon Yu, but the speculation is that it is looking for an executive with strong a strong background working in public companies. Essentially, they need a CFO to help them prepare to become a publically traded company. Facebook is looking for more capital to fund its growth and ever expanding technical cost.
Here is the full story via the WSJ.
Americans Versus Germans: GM Edition
Friday, March 27th, 2009The state of the American auto industry is in quite a mess. And while Americans are divided about if, how, or what our government should do to help revive it, Germans have an altogether different faith in their auto industry. In fact, they trust their automakers to act as banks, and gladly keep their savings with the auto companies.
Here is the full story at WSJ.