By providing partial guarantees of billions of dollars in loans to mid-market and small businesses, the SBA is navigating treacherous waters. While fulfilling their mission to support small business growth, there’s always a danger that the SBA safety net allows lenders to excessively gamble on riskier companies exposing themselves to unsafe losses. Recent “Liar Loans” that …
When A.W. Jones pioneered the first ‘hedged’ funds in the 1950’s thus launching an industry that would eventually go on to change the face of finance, he had started with a seemingly simple conceptual notion: Portfolio management is a relative game; gains and losses from a ‘smart’ investment strategy must be understood separately from gains …
From Businessweek: Make the Next Bailout Serve Small Business It’s an oldie, but still very relevant. Why has there been such a huge failure by the architects of the these bailouts at making them work for small and medium businesses? Mr. Shane talks about a number of problems with trying to target the bail out billions …
