There’s been increasing attention on middle market companies (an under-defined group, but somewhere in the $5M to $1B revenue range) as the unsung heroes of the US economy. This relatively small group of 200,000 is responsible for 35% of the employment and 40% of GDP. With over 27 million total businesses in the US of which 6.2 …
OWS and all its participants, supporters, and sympathizers need to band together with a clear call to action: “Challenge Wall Street.” Challenge Wall Street to take their considerable capabilities and direct them toward the Main Street businesses of America. A few thousand large corporations, for years, have benefited from high finance. Increased accesses to capital, …
Mortgage backed securities (MBS), credit default swaps (CDS), and collateralized debt obligations (CDO) all sound like dirty words these days. It’s tough to argue against these sentiments given their contribution to the financial crisis. While obviously a MBS or CDS couldn’t single handedly collapse the entire system, these innovations that bundled and redirected risks provided …
