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Cultural Shifts

Posts Tagged ‘finance’


Wal-Mart: The Bank

By D. T. Cochrane — January 28th, 2008
Although it has been met with stiff resistance in its efforts to offer banking services in the US, Wal-Mart has succeeded in opening a bank in Mexico. It plans to open 80 more by the end of 2008. Located within their …


Money, Debt and the Subprime Crisis

By Eliot Che — January 27th, 2008
There is a short animated documentary called Money as Debt worth checking out. The video, which goes through a brief history of monetary and banking systems, raises a number of questions that relate to the US subprime crisis, not to mention the global financial …


$7.3 billion gone?

By D. T. Cochrane — January 25th, 2008
A trader with the French bank Société Générale has been implicated in fraud that cost the bank $7.3 billion. Knowledgeable of the various security mechanisms meant to prevent this sort of fraud, Jerome Kerviel was able to hide his transactions from controllers. It …