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  • All HBS Web  (394)
    • News  (87)
    • Research  (241)
    • Multimedia  (3)
  • Faculty Publications  (147)

Show Results For

  • All HBS Web  (394)
    • News  (87)
    • Research  (241)
    • Multimedia  (3)
  • Faculty Publications  (147)
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  • 01 Jun 2016
  • News

Imagine an Economy Without Wall Street

out on an entrepreneurial path but was thwarted by the country’s lack of a finance and lending infrastructure. A similar shortcoming in the mortgage and lending industry also delayed his family’s ability to buy a house until his father... View Details
Keywords: Wall Street; Securities, Commodities, and Other Financial Investments; Finance
  • 01 Mar 2011
  • News

The Check Is in the Mail

plan, credit cards, and home mortgages can make the existence of personal credit seem like a relatively recent development. An exhibit at the Baker Library | Bloomberg Center tells the story of how those now-familiar innovations came to... View Details
Keywords: Arts, Sports, Language, Driving, and Other Schools; Educational Services; News, Library, Internet, and Other Services; Information
  • 01 Sep 2009
  • News

Alumni Books

which you will reach your destination. ‘Start with the answer’ and work your way back to the solution.” More Mortgage Meltdown: 6 Ways to Profit in These Bad Times by Whitney Tilson (MBA ’94) and Glenn Tongue (Wiley) The authors explain... View Details
  • 11 Jul 2017
  • News

The Right Thing to Do

Whistleblower,” tells the story of Sherry Hunt, Citibank, and the frauds that caused the Great Recession. Hunt started at Citi as a mortgage quality control officer in 2004, just as the housing bubble was swelling up. She saw the company... View Details
Keywords: Constantine von Hoffman; Securities, Commodities, and Other Financial Investments; Finance; Mining (except Oil and Gas); Mining
  • 01 Jun 2009
  • News

Too Big To Fail

mortgage brokers, hedge funds, private-equity funds, off-balance sheet structured-investment vehicles, and a booming market in opaque derivatives, especially credit-default swaps, he continues. By the summer of 2007, the Treasury... View Details
Keywords: Roger Thompson; federal bailouts; Credit Intermediation and Related Activities; Finance
  • 01 Mar 2009
  • News

Buddy, Can You Spare a Trillion

reason why private equity partnerships were able to borrow money left, right, and center to finance leveraged buyouts. And Chimerica — or the Asian “savings glut,” as Ben Bernanke called it — was the underlying reason why the U.S. View Details
Keywords: Finance; Publishing Industries (except Internet); Information
  • 01 Dec 1998
  • News

New HBS Alumni Board Members

Mortgage & Realty and Michigan Heritage Bancorp. He has led several community organizations, such as the Lansing Symphony, Capital Area United Fund, and the Voluntary Action Center in Lansing. Born in New York City and raised in Wilmette,... View Details
  • 01 Sep 2018
  • News

After the Fall

Ten years ago, the global financial system teetered dangerously on the edge of total collapse. What began as a subprime mortgage crisis in the United States developed into a full-blown meltdown, causing the collapse of major banks... View Details
Keywords: Jennifer Myers; illustration by Dan Bejar; Monetary Authorities-Central Bank; Finance; Securities, Commodities, and Other Financial Investments; Finance; Executive, Legislative, and Other General Government Support; Government
  • 01 Mar 2009
  • News

Faculty Responds to Financial Crisis

assignments and class discussions to incorporate the crisis, and they are encouraged to continue, says Badaracco. Several new cases already are in use, including “New Century Financial Corporation,” focusing on a subprime mortgage... View Details
Keywords: Colleges, Universities, and Professional Schools; Educational Services
  • 01 Dec 2013
  • News

Alumni News | Bookshelf: A Manager's Responsibility in the 21st Century

University of Michigan's Ross School of Business, and Patrick J. Barry look at three of the largest debacles so far in the 21st century—the BP affair, the mortgage meltdown and resulting crisis, and the use of lead paint in children's... View Details
Keywords: Sean Silverthorne; oil spill; Publishing Industries (except Internet); Information
  • 01 Dec 2008
  • News

What Went Wrong?

from securing mortgages to saving for kids’ college tuition and retirement. But the country’s current financial crisis really threw me for a loop. Beginning last spring, with the demise of Bear Stearns, the steady drip, drip, drip of bad... View Details
Keywords: Roger Thompson; Finance
  • 01 Jun 2024
  • News

Turning Point: On the Line

Leonard Dick (MBA 1990) (Illustration by Gisela Goppel) Leonard Dick (MBA 1990) (Illustration by Gisela Goppel) Day 116 was bizarrely poetic. Or poetically bizarre. And not just because I was an HBS grad participating in his second strike. To that point in last year’s... View Details
Keywords: labor strike; television; media; unions
  • 23 Aug 2011
  • News

New Kid in School

effects of the HBS case-method on his approach to secondary education, Ellison said, “I often frame new concepts around a useful real-world problem in need of a solution. For many years, while teaching students about mortgages in... View Details
Keywords: Elementary and Secondary Schools; Educational Services
  • 01 Jun 2008
  • News

Greed, Gullibility, and Optimism

causes and impact of the country’s mortgage meltdown. Serving since 1998 as director of Harvard University’s Joint Center for Housing Studies, Retsinas also teaches at the Graduate School of Design and the Kennedy School of Government. A... View Details
Keywords: Deborah Blagg; Finance; Management; Real Estate
  • 01 Dec 2007
  • News

Subprime Time

With markets reeling in the wake of the subprime mortgage fiasco, BusinessWeek (September 3, 2007) turned to Wall Street eminence and Lazard CEO Bruce Wasserstein (MBA ’71) for “much needed perspective on the current turmoil.” Asked about... View Details
Keywords: Bruce Wasserstein, MBA '71; Finance
  • 01 Dec 2008
  • News

No Easy Fix for the Financial Crisis

diagnose the problem and treat it. The rescue bill calls for the government to auction banks’ distressed mortgage assets to “try to restore the price discovery process so we can figure out what these things are actually worth.” Light... View Details
Keywords: Roger Thompson;Martha Lagace; deregulation; moral hazard; the middle class; Finance
  • 01 Jun 2012
  • News

What Industrial Policy?

generously subsidized (largely through the tax deductibility of mortgage interest, which stimulates demand for homes as well as loans from banks). Private equity, which enjoys a 15 percent tax rate on carried interest. (If the tax rate on... View Details
Keywords: Gary P. Pisano; Agriculture; Construction of Buildings; Construction; Colleges, Universities, and Professional Schools; Educational Services; Funds, Trusts, and Other Financial Vehicles; Finance; Health, Social Assistance; Manufacturing
  • 01 Dec 2008
  • News

Letters to the Editor

Capitalism.” Not a word was mentioned about the credit disaster facing our nation today. The article stresses the remarkable recent prosperity of capitalism, and points out some concerns. It does not speak to the abuses of the mortgage... View Details
  • 01 Mar 2012
  • News

Noted & Quoted

(Washington Post, December 13, 2011) “He told me that there weren’t as many tanks as the mortgages showed. That sure was the understatement of the year.” —Oscar Griffin (OPM 6, 1982), from his obituary. As a reporter for the Pecos... View Details
Keywords: Colleges, Universities, and Professional Schools; Educational Services; Management, Scientific, and Technical Consulting Services; Professional Services
  • 29 Jun 2016
  • News

Women of Wall Street Tell Their Story

subservient to the needs of the story. “I saw Wolf of Wall Street,” says coproducer Linda Zwack Munger (MBA 1982), a former senior vice president in Lehman Brothers’ mortgage bond department. “It’s so unrealistic.” In addition to not... View Details
Keywords: Constantine von Hoffman; photography by Chris Taggart; Funds, Trusts, and Other Financial Vehicles; Finance
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