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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

The dot-com bubble recession began in March 2001 and lasted only 8 months. percent of all jobs in 2001 to 11.3 By comparison, non-high-tech industries lost 689,000 jobs between 2001 and 2002 but recovered the lost jobs by 2004. And quite frankly, I did not know there were so many tranches to mortgage-backed securities.

FDIC 78
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Consumer Lending: Should Banks Do It?

Jeff For Banks

Ever since we formed our company in 2001, this has been the case. Which we already do via buying mortgage back securities and using loan brokers in metro areas. Real estate secured. pre-tax profit as a percent of the portfolio. And it wasn’t an anomaly. Sure, home equity lines of credit made 0.71% for the fourth quarter.

Lending 60
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The Election That Misplaced Small Businesses

PYMNTS

This week opened with Hector Barreto — the current Chair of the Latino Coalition and a former SBA Administrator from 2001-2008 – wondering what on Earth had happened to the economic message during this particular election season. 2) Can taxes be made comprehensible? Can someone please make capital available?

Taxes 50
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Tracking The Trends That Shaped 2020’s The Digital-First Economy

PYMNTS

As told by Citi and GE , the pandemic prompted a massive online shift as stores closed and consumers became wary about venturing out. The year-over-year increase in cross-border online sales was even more dramatic in other regions. There was another inconspicuous but remarkable dimension to these trends, however. Credit Union.

Trends 259
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17 Of The Biggest Startup Frauds Of All Time

CB Insights

Pixelon: Online video vaporware. After a comprehensive investigation by the Securities and Exchange Commission, Holmes was banned from the laboratory testing industry for two years and was ultimately charged with wire fraud by the Department of Justice in summer 2018. WrkRiot’s short-lived house of cards falls down. The Outcome.

Fraud 78
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The 260 Fintech Unicorns of the 21st Century (Oct 2021)

Fintech Labs Insights

Payments/Security. 5 Nov 2021. Virtu Financial. 5 Nov 2021. Chainalysis. June 2021 round. Aug 2021 round. July 2021 round. Oct 2021 round. Doma (States Title). Mar 2021 SPAC (proposed). Mortgage Tech. May 2021 round. Oct 2021 round. May 2021 round. Aug 2021 round. Mar 2019 round. Exit Nov 2020. May 2019 round. Exit Sep 2021 (PayPal).

Fintech 15
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The Fintech Unicorns of the 21st Century (Dec 2021)

Fintech Labs Insights

Payments/Security. Nov ’21 round. Q2 Holdings. Chainalysis. June ’21 round. Aug ’21 round. 19 round (per Fortune). WealthSimple. April ’21 round. Mar ’21 SPAC (proposed). Mortgage Tech. Devoted Health. May ” round. May ’21 round. May ’21 round. May ’21 round. Celsius Network. August ’21 round. Mar ’19 round. Exit Nov ”. May ’19 round.

Fintech 15