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CDOs — collateralized debt obligations — helped trigger the 2008 housing crisis. Now CLOs are on the rise. Should we be worried?

Oct 23, 2017
In the wake of the financial crisis, we all learned a lot of fear-inducing acronyms, like CDOs – collateralized debt obligations – which helped trigger the housing meltdown. So news that volumes of a similar sounding investment – CLO or collateralized loan obligations – had hit $247 billion in first nine months of this year, […]

Junk bond kings take center stage in a new play

Oct 5, 2017
In Ayad Akhtar's new play "Junk," he tackles the precarious financial world of the 1980s.
Playwright Ayad Akhtar (foreground) and director Doug Hughes (background) in rehearsals for Lincoln Center Theater's JUNK. The new play examines the dark side of Wall Street in the 1980s. 
Photo courtesy of T. Charles Erickson

Abacus: The only bank charged in the financial crisis

May 22, 2017
The film "Abacus: Small Enough to Jail" is the surprising saga of the Sung family.
(From left) Vera Sung, Jill Sung and Thomas Sung of Abacus Federal Savings Bank.
Sean Lyness

Yale to help policymakers deal with the financial crisis in real time

May 12, 2017
Ever since the world economy broke in 2008, policymakers have looked for ways to keep it from breaking again. But there’s another important lesson to learn: how to put it back together. Yale University is creating a tool to offer real-time guidance to central bankers and others while they deal with a financial crisis.  Click […]

Is generosity enough to prop up this post-recession town?

Apr 19, 2017
Janesville, Wisconsin's resources are stretched thin after GM left the city and took jobs with it.
“I wanted to tell the story of a perfectly ordinary place that had lost a slew of jobs in the Great Recession,” said author Amy Goldstein.
Scott Olson/Getty Images

Why Wall Street needs courageous leadership

Feb 27, 2017
In his book, William Cohan says Wall Street built America, but its rewards system needs change.
"Wall Street writ large," author William Cohan says, "is this whole huge finance effort worldwide that really importantly provides capital to people who need it by taking it from people who have it to invest."
(BRYAN R. SMITH/AFP/Getty Images)

Treasury Secretary Jack Lew on Apple's tax bill and the next financial downturn

Sep 13, 2016
The US may be safer financially than it was eight years ago, but is it strong enough to weather weakness from around the world?
U.S. Secretary of the Treasury Jacob Lew attends a round table discussion during a visit to Hong Kong in March this year. 
PHILIPPE LOPEZ/AFP/Getty Images

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Home equity lines of credit on the rise

Sep 1, 2016
Some worry as a form of loan popular before the financial crash becomes popular again.
Home equity lines of credit are making a steady comeback, according to some experts.
Justin Sullivan/Getty Images

Why taking risks may save us from the next financial crisis

Dec 23, 2015
A look at how playing it safe may cause more harm than good.

How does the Federal Reserve raise rates, anyway?

Sep 14, 2015
Getting banks and other lenders to fall in line isn't as easy as you might think.