Month: November 2010

Moral Hazard

Post author By Tom Spencer
Post date November 30, 2010
1 Comment on Moral Hazard

Moral hazard is when they take your money and then are not responsible for what they do with it. ~ Gordon Gekko 1. Relevance of Moral Hazard THE unemployment rate in the United States is now around 9%. Over 13% of all US mortgages are either delinquent or in foreclosure (Mortgage Bankers Association). Total loses […]

Tags Economics, michael douglas, moral hazard, Paul Krugman, risk, wall street

Excellence

Impossible is Nothing

Post author By Tom Spencer
Post date November 20, 2010
1 Comment on Impossible is Nothing

“IMPOSSIBLE is just a big word thrown around by small men who find it easier to live in the world they’ve been given than to explore the power they have to change it. Impossible is not a fact. It’s an opinion. Impossible is not a declaration. It’s a dare. Impossible is potential. Impossible is temporary. […]

Tags Impossible is Nothing, Muhammad Ali, success, The Champ, The Greatest