banking

Transfer Funds by Simply Dialing

December 9, 2008

I’m still in the Gee Whiz phase of my learning about the mobile phone industry. The ease at which someone uses SMS to text a cab reservation in Helsinki taught me to look at SMS as a command line for the real world and today I’m learning about mobile SMS banking. My colleague Jan Chipchase [...]

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Thomas Jefferson on the Credit Crisis

October 24, 2008

I leave you with this quote to ponder over the weekend. I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will [...]

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US Mortgage & Credit Crisis, How did we get here?

May 27, 2008

I could never figure out how banks and securities dealers talked themselves into loaning money to people that common sense would tell you never could repay their obligation. Listening to this episode of This American Life – Giant Pool of Money revealed that it was incremental greed that drove each link in the chain to [...]

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“Suddenly, at about 3 p.m. Eastern time, the Dow industrials fell out of bed”

February 28, 2007

Computers that calculate the DJIA at Dow Jones are fingered as the culprit in yesterday’s late-day freefall of 200 points. The Wall Street Journal, published by Dow Jones, covers it in gory detail in a cover story in today’s paper. Behind the scenes, the team that compiles the DJIA had noticed at about 2 p.m. [...]

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