Nathan Lustig

I’ve written about Michael Lewis’ take on the Wall Street’s meltdown in my post “The Financial Crisis Explained.”  He is one of my favorite commentators and is able to take complex issues and write about them in a way that is comprehensible to the average person. He recently wrote an article about Iceland’s meteoric rise [...]

[Read more →]

That is the title of a report compiled by Harry Markopolos in 2005 about Bernie Madoff’s fraudulent hedge fund.  He lists 30 red flags and ways for the SEC to verify if these red flags were true.  His report seems to have been almost completely ignored for almost four years.  He states that pretty much [...]

[Read more →]

Steven Pearlstein writes in today’s Washington Post about how the President of one of the smaller banks used some entrepreneurial skills to put some TARP money to good use. Kim Price, the President of Citizen’s South Bank, located across the river in Charlotte from Bank of American and Wachovia, did not need TARP money because [...]

[Read more →]

My previous post from Saturday generated the most feedback of any of my posts so far.  I received tons of emails from some people who agreed and others who thought I was full of it.  I’ll try to clarify and expand further with this post. I don’t think its wrong to be rich or wrong [...]

[Read more →]

John Talton’s recent article on britannica.com called “Business Schools & Financial Services: Oh The Harm They’ve Caused” is a great article on a subject that I have been meaning to write about for awhile now.  Talton’s main premise is that: …for a generation or more…so many of our brightest college graduates have gone to Wall Street to [...]

[Read more →]

I’ve always wondered why it was ok for a person to make a “bet” in the form of a put or a call in financial markets, but not ok for someone to bet on a similar event from a private service. Freaknomics blogged about this same issue the other day. It will be interesting to [...]

[Read more →]