Monthly Archives: August 2011

More bad news on the housing front today, as the housing market can’t seem to find a bottom. New-home sales fell in July by 0.7% to the lowest point since February, the Commerce Department said Tuesday. Sales for June were … Continue reading →

NYU finance professor Viral Acharya, the author of Guaranteed to Fail, says that Bank of America is the most vulnerable of the major banks, as well as the most “systemically risky.”  He thinks it’s possible that, under some economic scenarios, … Continue reading →

Every year, homeowners deduct the interest paid on their mortgage from federal taxes, saving a combined total of more than $100 billion a year. Viral Acharya argues it’s time to wean homeowners off of those subsidies because they favor the … Continue reading →

Say you own a house in Gainesville, Fla., or St. Paul, Minn. It cost you $172,000 — that’s the median sales price of a single family home in the United States. You put 20 percent down when you bought the … Continue reading →

he United States spends more than $100 billion annually to subsidize homeowners. Renters get no breaks; homeowners get tons of them. Their mortgage rates are subsidized through the government-sponsored enterprises Fannie Mae and Freddie Mac; they get a big deduction … Continue reading →

One of the largest risk management surveys of its kind, the Accenture 2011 Global Risk Management Study finds that advanced risk management capabilities are high on the executive agenda and now seen as a critical business driver and source of … Continue reading →

Professor Viral Acharya raises the question–Will the polarization in the US keep rising and foster further political risk and downgrades of US treasuries? Earlier this year, many observers wondered why the cost of buying protection against the risk of default … Continue reading →

NYU Stern professor Nouriel Roubini says the risk of a global recession is greater than 50 percent, and the next two to three months will reveal the economy’s direction. In an interview with WSJ’s Simon Constable, Roubini also says he’s … Continue reading →

Professor Viral Acharya says Bank of America will continue to face challenges beyond the weak economy. Its exposure to mortgage markets and greater leverage has made it vulnerable. Watch video here.

Professor Nouriel Roubini talks to Charlie Rose about global financial markets. Watch video here.