Author Archives: Marcelo Kim

Many people have been quick to blame “Wall Street” for the current economic crisis. I believe that when the media refers to that term, they are talking about, broadly speaking, mortgage and loan underwriters, bankers that securitized products and investment professionals that purchased those securities. Without a doubt, “Wall Street” is one of the biggest »

Watching the deterioration of financial markets and the broader global economy has been dismaying, to say the least. Since the third quarter of 2007, financial institutions have written down in excess of $900 billion worldwide. The IMF recently estimated that losses will be on the order of $1.4 trillion (revising it from a previously estimated »