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Financial crisis

  1. Column: This innovation could lead to the next financial crisis

    Pbs.org - Finance 10.06 / 21:25 pbs.org
    Traders work on the floor of the New York Stock Exchange (NYSE) in New York on October 4, 2017. Photo by REUTERS/Brendan McDermid History might not repeat itself, but it does rhyme. Robert Z. Aliber, an emeritus professor of international economics at the University of Chicago and expert on financial crises, has noted that an innovation is at the root of every financial crash. In 1987 it was portfolio insurance; for the Great Recession in 2008 it was securitization. The obvious candidate…
  2. 6 reasons why Puerto Rico slid into financial crisis

    Usatoday.com - Top Stories 10.04 / 22:05 usatoday.com
    The U.S. territory's efforts to slash its liabilities have taken on urgency after Hurricane Maria devastated the …