Posts Tagged ‘money’

A raw, visceral “behind the scenes” look at Lehman Brothers’ financial meltdown and collapse. This week on Your Financial Editor.

Wednesday, October 17th, 2012

My guest this week was a brilliant, obsessive trader at Lehman Brothers before its collapse. Jared Dillian will take us through a colorful account of the final years of the financial firm, from 9/11 at their Ground Zero offices through the firm’s bankruptcy, including vivid portraits of  the insane trading-floor culture, the financial meltdown, and the company’s ultimate collapse.  His book, Street Freak: A Memoir of Money and Madness is a must read!

Listen from anywhere by logging onto WFMD and clicking the listen live button – Saturday morning at 8:00 on AM 930 WFMD.

About this week’s guest:

Jared Dillian graduated from the United States Coast Guard Academy in 1996 with a B.S. in Mathematics and Computer Science, and from the University of San Francisco in 2001 with a Masters in Business Administration, concentration in Finance. Jared worked for a small floor market maker on the Pacific Options Exchange from 1999-2000, and was a trader for Lehman Brothers from 2001 to 2008. He specialized in index arbitrage and ETF trading. Jared is the author of Street Freak: Money and Madness at Lehman Brothers, published by Simon and Schuster, which was named the number one general business book of 2011 by Bloomberg Businessweek.

Are we headed for global financial warfare? This week on Your Financial Editor.

Friday, March 25th, 2011

 If you are interested in the future of the global economy, America’s position in the world, or how and where to invest money today, join Chris and Mr. Eric Weiner, author of The Shadow Market, this week on Your Financial Editor.  Their conversation will be a highly informative and genuinely startling one about often secretive and ever-shifting movement of  money and geopolitical power!

Be sure to read Mr. Weiner’s story in yesterday’s LA Times about Libya and the issues raised by oil-rich state capitalist countries.

Join us this Saturday morning at 8am on AM 930 WFMD, or listen from your pc by logging onto WFMD’s website and click the listen live button.

About this week’s guest:

Eric J. Weiner has covered business and economic issues for fifteen years as a writer and editor.  His critically acclaimed first book, What Goes Up: The Uncensored History of Modern Wall Street as told by the Bankers, Brokers, CEOs, and Scoundrels Who Made It Happen, was published in September 2005 by Little, Brown and Company, and was selected as one the year’s best books by Barron’s magazine and the of the year’s “most Enriching Reads” by Kiplinger’s.  He is a former columnist and reporter for Dow Jones Newswires, and he has written for The Wall Street Journal, Los Angeles Times, The Boston Globe, The Village Voice, and countless other major publications.   He is also a contributor to the news and opinion website The Huffington Post.  He lives in Barrington, Massachusetts with his wife, Paige and their son, Jake.

College Kids and Money 101

Monday, January 24th, 2011

No matter how distinguished the university, many students come out as naive about money and spending as when they went in.  Because of recieving allowances, credit cards, gift cards, etc from their parents, they never seem to master the responsibility of managing their finances.  There was a great piece on this week lisitng the 8 misconceptions college kids have about money.  If you have kids or grandkids in school, you may want to check it out.  When you finished reading it, send it to the college kid with the next batch of homemade cookies you send out!

Is there a particular strategy that works best when teaching kids about money?

Tuesday, January 11th, 2011

This is a question that I am often asked.  In today’s society many people are very dedicated to spending time with their children and grandchildren.  Good parents and grandparents teach these children vital things like morals, values, honesty, integrity, charity, to help others, etc.

Even better, many, if not most, lead by example so the youngsters can not only hear the words, but also see the action and results.

Money and money issues are no different.  The sooner involve children with financial responsibilities, the better chance they will have of making prudent decisions and protecting themselves.

Let’s face it; this last recession in particular had a lot to do with people getting in over their heads.  Who, in a normal state of mind, wouldn’t question not only getting a mortgage for more than they could afford, but also getting an extra $25,000, $50,000, or $100,000+ at the settlement table for walking around money?  Come on!  I guarantee anybody that lived through or around the depression era didn’t succumb to those temptations.  Why?  Because they either learned the lesson of living within their means because they didn’t have anything or they saw what was going on around them to other people in their neighborhood and across the county back then.

So, talk about money just like you would any other subject.  Start with a piggy bank and progress to an allowance, then a prepaid card (which will require restraint), then a checking account and finally a credit card or some other line of credit.

The more they learn, hopefully, the more control they’ll have over their finances as they get older.  I know I didn’t pave any new roads here, but I think the basics are all that is needed. 

Thanks for the question and have a great New Year!