The US Financial Reform Bill is too long
The US Senate has started to debate the Financial Reform bill. This bill proposes the most sweeping changes to US (and, therefore, global) financial markets regulatory practices since the Great Depression of the 1930s.
So one might think this an extremely important bill, right? So all the Senators have Read more
The incredible story of the Icelandic banking crisis
The Icelandic Special Investigation Committee (SIC) yesterday (April 12th, 2010) delivered its report on the collapse of the three main banks in Iceland. It makes shocking reading.
It can be downloaded here.
At Vox Sapiens, our initial vision was of a couple Escher’s masterpieces. Read more
“A brief introduction as background for other posts about annuities”
An annuity is a contract between you and an insurance company whereby the insurance company will pay you a certain amount of money, on a periodic basis, for a specified period. For example, you might pay an insurance company ten thousand dollars and in return you will receive 100 dollars a month for 10 years.
Read more