Private mortgages are an increasingly popular way for homeowners to access funding for a variety of needs. Private mortgages are loans made by private individuals or organizations, rather than traditional financial institutions like banks. While private mortgages can be a useful option for those who cannot qualify for traditional financing, they come with their own…
Tether Holdings Ltd. operates the largest stablecoin in the cryptocurrency market with a value of $68 billion. However, its founders and owners have scant experience in managing finance at this scale. This article provides insight into the people behind Tether and the challenges it faces as a financial institution. I have always been opposed to…
Lehman Brothers’ use of Repo 105 is a cautionary tale of the dangers of opaque financial instruments and the importance of transparency and accountability in the financial industry. The controversy surrounding the use of this instrument played a significant role in the collapse of Lehman Brothers and the subsequent global financial crisis. While regulations have…
A leveraged buyout (LBO) is a financial strategy in which a company or a group of investors use borrowed funds, typically in the form of loans or bonds, to acquire a controlling interest in a company. The acquired company’s assets are often used as collateral for the debt. The purpose of the leveraged buyout is…