Monthly Archives: December 2008

Billions end up paying for excesses of the wealthy on Wall St.

(This item was published as a guest column in the Chapel Hill News, November 26, 2008.) Our lexicon of business activities is being expanded daily, thanks to the “wonder boys” on Wall Street. We are learning about derivatives, collateralized debt obligations, credit default swaps, recapitalization, puts, short selling and so on. We are gaining a […]