The 10th book in the Garbage Collector Series! Cheri was a stripper, when she met her husband, Spike. Spike was a biker and a customer at the strip joint where Cheri worked. She got pregnant soon after they met, and she convinced him to marry her. Cheri quit being a stripper, but Spike didn't quit going to the strip clubs. Their marriage lasted for a few years, but after the son they had together died in a horrible accident, things began to fall apart, and Spike got into gambling, Spike was never the same; things were never the same. After maxing out credit cards, and then losing their home, Cheri filed for divorce and moved away. After the divorce, Cheri was going to move out of state with her daughter, Megan, to begin a new life. Being homeless they ended up sleeping at the side of the road, and were abducted, but after some struggles and a couple days later, got away. After that, Cheri was able to get help for herself and her daughter, and eventually started working at a local truck stop café as a waitress, where Cheri met Jim. Cheri soon moved in with Jim, but while she was off working, Jim was after Megan, who was a good looking young teenager, wanting to be her pimp. The money attracted Megan and she ended up being a teenage hooker. When Cheri found out, she was furious with Jim and with Megan. Megan ran away, Cheri became sick with grief, which made life miserable for Jim and for her. Oftentimes, she would not get out of bed, and refused to do anything. Suddenly Cheri passed away, and Jim was suspected of drugging her, although it couldn't be proven, as Jim was quite clever in covering his tracks. The body was cremated almost immediately, so an autopsy was never done. Megan got word of her mother's death, and so plotted revenge against Jim, changing her appearance, and.... Justice warns that you should be cautious of who you spend your time with. 1. Language: English. Narrator: JP Braukus. Audio sample: http://samples.audible.de/bk/acx0/043238/bk_acx0_043238_sample.mp3. Digital audiobook in aax.
Easy to Learn the anatomy of Investment Banks and It's Structure over the globe, Banking holding pattern on the basis of regulatory act of the countries over the world and reorganization. As they have been called with different name in different counterpart e.g. investment banks, universal banks, and global banks. This book also focus these banks exposure on credit default swaps (CDS). The most popular risk methodology have been applied to analyses credit and market risk on the basis of daily time series data Filtered Historical Simulation, GARCH, E-GACH, T-GARCH, and models back-testing. The daily time series data have been used to predict daily shortfall of capital of three investment banks particularly JP Morgan Chase & Co. Bank of America, and Merrily Lynch. as ML has been collapsed during Sub-prime crises, The methodology has been applied in this book to early prediction of default rate of these banks. It is Easy to Learn and Understand. The Idea hit me during the Sub-prime Crisis Spread across the globe and most of the investment banks failed and some of bailout by the government.
'A truly gripping narrative . . . The fact that Tett is able to reproduce such raw private communications is a tribute to her journalistic abilities' Dominic Lawson, Sunday Times'Her blow-by-blow story is an impressive piece of detective work. She pulls back the curtain on a closed, unaccountable world of finance' Will Hutton, GuardianIn the mid 1990s, at a vast hotel complex on a private Florida beach, dozens of bankers from JP Morgan gathered for what was to become a legendary off-site meeting. It was a wild weekend. But among the drinking, nightclubbing and fist-fights lay a more serious purpose - to assess the possibility of building a business around the new-fangled concepts of credit derivatives.The group at the heart of this revolution was an intense team, made up of individuals with a supreme sense of loyalty to each other and to the bank - for years, nothing could break them apart. But when, finally, the team dispersed, the innovations spread far beyond their original intentions, producing perversions in the mortgage market that ultimately culminated in disaster.Part real-life thriller, part investigation and exposé, this searing narrative takes us deep inside the shadowy world of complex finance - a perfect storm for the credit crunch
Wissenschaftlicher Aufsatz aus dem Jahr 2011 im Fachbereich VWL - Finanzwissenschaft, Note: Distinction, University of Warwick (School of Law), Veranstaltung: International Corporate Governance and Financial Regulation, Sprache: Deutsch, Abstract: International financial conglomerates are the result of the last three decade's policy of deregulation and globalisation. This meant the convergence of commercial banking, investment banking and sometimes insurance in the United States of America with a cross-border expansion. Yet, as has been seen in the recent 2007-2009 crisis (the crisis), those conglomerates create a wholly new host of challenges due to their activities, prime role as counterparty activities in the credit default market, size and structure. Especially their central role in market-financing of other financial institutions as well as other types of companies creates globally systemic risk. A consistent policy which mitigates uncertainty during times of financial crises is essential, however, the rationale behind the US authority behind the ad-hoc responses dealing with AIG, Bear Stearns (BS) and Lehman Brothers Holdings Inc (LB) are very hard to distil, if at all. It can be claimed that there was no consistency in the rescue efforts. In the first case, US authorities injected capital into the ailing company to keep it alive. In the BS case, authorities supported the takeover by JP Morgan using public funds. In the last case, LB, since no potential buyer could be found and authorities did no facilitate any support, the company had to file a petition under Chapter 11.This shows the mechanisms but also difficulties authorities encounter when they deal with those systemic relevant institutions. They have to try to prevent moral hazard incentives, avoid spillovers to other industries and reduce costs to taxpayers. Constructive ambiguity in bail-outs is related to the prevention of moral hazard but increases simultaneously uncertainty, the chance of ill-considered bail- outs, spillovers and delays in regulatory actions. Other mechanisms like capital injections are very costly for taxpayers. The orderly insolvency procedure of systemically relevant institutions seems an appropriate response which mitigates above-mentioned issues when preventing the deterioration of asset value. Existing legislation did not allow, however, the Federal Deposit Insurance Corporation (FDIC) to take the conglomerates under receivership to prevent spillovers and the value deterioration it would experience using the regular bankruptcy regime.
Project Report from the year 2009 in the subject Business economics - Marketing, Corporate Communication, CRM, Market Research, Social Media, grade: 90, , language: English, abstract: JP Morgan Chase is a global leader in the banking industry because of their focus on innovation. They offer added value to their business customers in a variety of ways such as 'web site-building software, simplified e-billing services, business surplus marketplaces, small-business leasing, document storage, and investment services' (Global Finance 2001). It is no surprise that Chase would approach not only their credit company, MasterCard, but also another leader in financial services, Intuit QuickBooks when developing their new small business credit card product, QuickPort for Small Business. QuickPort for Small Business is a completely new way for small business owners to keep track of their expenses using their debit and credit accounts in conjunction with the QuickBooks software they already use and love. The product is a MasterCard that has flash memory embedded. Business owners can directly sync the information gathered by the card throughout the day with the QuickBooks software installed on their computer by simply plugging the card into any USB port. Other important features allow business owners to tie the cards to payroll accounts and other QuickBooks functions they already use while cutting down on man hours that would otherwise be used to hand enter data into the program.
@2@@20@'A truly gripping narrative . . . The fact that Tett is able to reproduce such raw private communications is a tribute to her journalistic abilities' @18@Dominic Lawson, Sunday Times@19@@21@@3@@2@@20@'Her blow-by-blow story is an impressive piece of detective work. She pulls back the curtain on a closed, unaccountable world of finance' @18@Will Hutton, Guardian@19@@21@@3@@2@In the mid 1990s, at a vast hotel complex on a private Florida beach, dozens of bankers from JP Morgan gathered for what was to become a legendary off-site meeting. It was a wild weekend. But among the drinking, nightclubbing and fist-fights lay a more serious purpose - to assess the possibility of building a business around the new-fangled concepts of credit derivatives.@3@@2@The group at the heart of this revolution was an intense team, made up of individuals with a supreme sense of loyalty to each other and to the bank - for years, nothing could break them apart. But when, finally, the team dispersed, the innovations spread far beyond their original intentions, producing perversions in the mortgage market that ultimately culminated in disaster. @3@@2@Part real-life thriller, part investigation and exposAc, this searing narrative takes us deep inside the shadowy world of complex finance - a perfect storm for the credit crunch@3@
The First Guide to Understanding and Capitalizing on the $1 Trillion-Plus Loan Syndications and Trading Market! The Handbook of Loan Syndications and Trading is the first resource especially designed to equip institutional investors and professional money managers with expert analysis and insights on every key aspect of this rapidly growing financial market. Co-published by McGraw-Hill and the Loan Syndications and Trading Association (LSTA), The Handbook of Loan Syndications and Trading fully explains the evolution and history of the loan market...primary and secondary markets ...analytics and performance...the credit agreement... pricing and all legal and regulatory issues. This comprehensive reference guide features: First-ever guidance on the booming loan syndications and trading market, covering every topic that investors and money managers need to know Over 40 contributions from the leading players in loan syndication, including Standard & Poor's, Bank of America, JP Morgan, Credit Suisse, along with top Buyside Institutions and Law Firms Valuable insights and observations from industry experts A comprehensive A-Z glossary of all loan syndications and trading terms Dozens of helpful tables, charts, and examples
Quicklets: Learn More. Read Less. Andrew Ross Sorkin is an award-winning journalist and New York Times best-selling author. He has been a regular contributor to The New York Times since he was a student at Cornell University. He is also a co-anchor of CNBC's Squawk Box, a business news program and founder of DealBook, a news service that reports on daily deal-making on Wall Street. Sorkin is a recipient of the Gerald Loeb award for business journalism in Too Big to Fail and a Society of American Business Editors and Writers award for breaking news. Sorkin wrote Too Big to Fail to provide a detailed, moment-by-moment account of the 2008 financial crisis. He used interviews with over two hundred individuals involved in the financial meltdown to piece together a blow-by-blow narrative of events. Too Big to Fail recounts the story of the unbelievable events of the 2008 financial crisis, Lehman Brothers' historic collapse, the Bank of America-Merrill Lynch merger, the nationalization of AIG, and Morgan Stanley and Goldman Sachs' transformations into highly regulated banks. Beyond the story of failed financial empires, Too Big to Fail is a human drama, telling stories of the greed, hubris and perseverance of some of the biggest players on Wall Street and in the U.S. Government. Too Big to Fail won a Gerald Loeb award and remained on The New York Times Best Seller List list for six months. Reuters dubbed it âEURoeThe Book of the Crisis. Too Big to Fail received glowing reviews in top publications such as the Bloomberg News Review, The Economist, and The Financial Times. Sorkin continues to be seen as a top authority on all things Wall Street. BOOK EXCERPT FROM THE ANDREW ROSS SORKIN QUICKLET: TOO BIG TO FAIL The chapter opens with Tim Geithner, President of the New York Federal Reserve, arriving in Washington, DC. Only a few weeks earlier, Geithner had co-facilitated the $29 billion government backstop that helped persuade Jamie Dimon to take over Bear Stearns. His decision to back Bear Stearns was unpopular with many in the private and public sectors. Geithner also struggled with being unpopular on Wall Street, as he was regarded as young and inexperienced. Unlike his predecessors, he wasn't a former Wall Street banker or an investor, but a career technocrat. Despite Geithner's 'greenness', he was one of the few who was skeptical of Wall Street's credit boom before it collapsed. Geithner and Robert Steel, Undersecretary for Domestic Finance for the Treasury, attend a meeting with the Senate Banking Committee. Steel dodges questions regarding the government's role in the Bear Stearns fire sale deal. Members of the Senate express their discontent with the government-assisted takeover and question whether this might set a dangerous precedent for other companies on Wall Street. Steel and Geithner defend their actions and explain that the deal was done for the good of the country and the global financial system, not for private gain. The details of the Bear Stearns deal are revealed in this chapter. Weeks earlier, Dimon received a call from Alan Schwartz, the CEO of Bear Stearns, asking for help âEUR' he needed $30 billion to survive. Unable to produce the amount on short notice, Dimon called Geithner, who was able to grant JP Morgan a loan over the weekend. Geithner pressured Dimon to take over Bear Stearns in order to stabilize the financial market. ...to be continued! Quicklets: Learn More. Read Less.
An essential guide to credit derivatives Credit derivatives has become one of the fastest-growing areas ofinterest in global derivatives and risk management. CreditDerivatives takes the reader through an in-depth explanation of aninvestment tool that has been increasingly used to manage creditrisk in banking and capital markets. Anson discusses everythingfrom the basics of why credit risk is important to accounting andtax implications of credit derivatives. Key topics covered in thisessential guidebook include: credit swaps; credit forwards; creditlinked notes; and credit derivative pricing models. Anson alsodiscusses the implications of credit risk management as well ascredit derivative regulation. Using charts, examples, basicinvestment theory, and elementary mathematics, Credit Derivativesillustrates the real-world practice and applications of creditderivatives products. Mark J. P. Anson (Sacramento, CA) is the Chief Investment Officerat Calpers. Frank J. Fabozzi (New Hope, PA) is a Fellow of the InternationalCenter for Finance at Yale University. Moorad Choudhry (Surrey, UK) is a Vice President in StructuredFinance Services with JP Morgan Chase Bank in London. Ren-Raw Chen is an Assistant and Associate Professor at the RutgersUniversity Faculty of Management.