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Archive for November 2010

GM’s IPO: not a return to former glory

Thumbnail : GM’s IPO: not a return to former glory

General Motors went public again last week, raising $23 billion in its initial public offering (IPO) – the country’s largest ever. The US government’s ownership stake was halved as a result. The successful offering appeared to vindicate the Obama administration’s decision to bail out the struggling automaker in early 2009. For many of those who support free markets […]

Visualizing the shadow banking system

Thumbnail : Visualizing the shadow banking system

This chart is a roadmap of “The Shadow Banking System”. It was created by economists at the New York Federal Reserve, and I learned about it from an article by Gillian Tett in the Financial Times. My picture of the map is hard to read here, but it does convey how complicated finance has become. The top […]

November 2010
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