How were the credit rating agencies involved in the financial crisis of 2007-2008? Why did they fail so miserably in their role rating subprime? We’ll cover how credit rating agencies contributed to the financial crisis and why their failures were the result of both incompetence and greed.
What happened to Household Finance Corporation? Why did it have to pay a $484 million fine, and how did the scandal serve as a harbinger of the coming greed and deception of the subprime loan market? Household Finance Corporation was a leading corporation providing mortgage loans. It was merged with HSBC in 2004 after a loan fraud scandal. Learn how the Household Finance Corporation scandal affected customers and what the attitudes of the corporation’s leader and those tasked with protecting consumers say about the causes of the 2008 financial crisis.
What is a synthetic CDO, or synthetic collateralized debt obligation? A synthetic CDO is a type of CDO that bundles credit default swaps into a new financial product. While a traditional CDO is valued based on cash assets like mortgage payments, the value of synthetic CDOs comes from the premiums paid on bets that certain bundles of securities (like mortgages) will default. We’ll cover what synthetic CDOs are, why they’re so confusing, and how their involvement in the 2008 financial crisis makes them controversial.
What is specialty finance? What does it offer, and how is it risky? Did specialty finance loans contribute to the 2008 financial crisis? Specialty finance is the euphemistic name of financial industries that provide financial products and services to the least-creditworthy Americans, people who wouldn’t be able to get a loan from a traditional bank. Learn how the industry of specialty finance became lucrative and how its preying on uncreditworthy Americans contributed to the 2008 financial crisis.
How did the actions of AIG lead to the 2008 crisis that affected millions of Americans? Did AIG know the role it was playing in the catastrophe, or was it ignorant of the wider implications of its business practices? And who paid the price for AIG’s bailout? We’ll cover how AIG insurance company (American International Group) aided banks in the events that would lead to the 2008 financial crisis and the results of the 2008 AIG bailout.
When entering a negotiation, you often think only of your own interests. How could it benefit you to negotiate a deal that results in mutual gains? And is it possible to achieve mutual gains without compromising what you want? Believe it or not, finding mutual gains is in your best interest as well as the other party’s best interest. We’ll look at why seeking mutual gains is important in negotiations and how to find mutual gains.
Do you get tongue-tied when asking for what you want? Do you find effective communication in negotiation difficult? You’re not alone. Many people find communication in negotiation difficult, or they find that their negotiations are unsuccessful and they don’t know why. Learn why miscommunication issues occur and what you can do to more effectively communicate in negotiations.
In 1980, Nike finally went public through their IPO, 18 years after Phil Knight got started in the shoe industry with Blue Ribbon Sports. Learn about the history of Nike’s IPO and their long refusal to go public.
Bob Woodell was one of Phil Knight’s early hires at Nike, just a few years after starting the company. A former runner, he was paralyzed from the waist down after an accident. Phil likes that Bob therefore has a chip on his shoulder and is eager to prove himself. Learn more about Bob Woodell and his early history at Nike.
Nike founder Phil Knight started his shoe career selling imported Japanese shoes from the company Onitsuka, not by manufacturing his own. His original company was called Blue Ribbon Sports. He sold his first shoes at track meets out of the trunk of his car, and their design and quality become a hit. Over time, frictions with Onitsuka over distribution rights, slow shipments, and creating new shoe designs forced him to found Nike. If they’d kept their partnership amiable, Phil might have kept working with Onitsuka, and Nike might never have happened. This is the story of Blue Ribbon Sports before