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Emergency Loans: 4 Tips to Consider

Strategy Driven

Although rush financial decisions should not be a norm, emergency loans can save your day in times of crisis. These tips will help you apply for an instant loan and get out of your financial crisis! Review Your Credit Score. A high credit score comes with higher chances for approval, higher loan limits, and better terms.

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Subprime Credit-Card Holders Are the Most Profitable

Harvard Business Review

Although credit-card holders with low credit ratings default more often than the rest of the population, the interest and fees they pay make them far more profitable for banks than any other groups of credit-card customers, according to research reported in The New York Times.

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Crisis of Faith in the Financial System

Harvard Business Review

Take the case of paper money: someone in China centuries ago printed a value on a piece of paper and asked everyone else to agree with them that the paper was actually worth what it said it was.The whole modern banking system of paper and credit is built on this one simple act of faith.". In the end this money did become worthless.".

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Who Fixes the Euro?

Harvard Business Review

Talking to an Irish friend recently, I got a splendid take on the euro-crisis. As he pointed out, there are two sides to the growing European sovereign debt crisis. Although bailing out the improvident Greeks might strike voters as a bad idea, letting Germany's state banks go to the wall would be far worse. Wishful thinking.

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Ratings Agencies Are the Darnedest Things

Harvard Business Review

Over the past decade, S&P and its rival Moody's helped bring on the financial crisis by completely flubbing their evaluations of subprime mortgage securities and the derivatives built atop them. They gave AAA ratings to financial instruments that were essentially fraudulent to begin with and effectively worthless at the end.

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What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

For an example, reconsider the financial crisis. To begin with, quite a few parts of it are heavily concentrated at a global level (the credit ratings business, for example, or global investment banking), and many more at the national level (just six financial institutions account for 46% of all U.S.

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What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

For an example, reconsider the financial crisis. To begin with, quite a few parts of it are heavily concentrated at a global level (the credit ratings business, for example, or global investment banking), and many more at the national level (just six financial institutions account for 46% of all U.S.