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All HBS Web
(372)
- News (83)
- Research (237)
- Multimedia (3)
- Faculty Publications (140)
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- 01 Jun 2012
- News
What Industrial Policy?
generously subsidized (largely through the tax deductibility of mortgage interest, which stimulates demand for homes as well as loans from banks). Private equity, which enjoys a 15 percent tax rate on carried interest. (If the tax rate on...
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- 29 Jun 2016
- News
Women of Wall Street Tell Their Story
subservient to the needs of the story. “I saw Wolf of Wall Street,” says coproducer Linda Zwack Munger (MBA 1982), a former senior vice president in Lehman Brothers’ mortgage bond department. “It’s so unrealistic.” In addition to not...
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- 18 May 2017
- News
Pioneer Spirit
out on his own, and he and Fern bought ZAX, Inc., a struggling company that produced custom-designed wood and laminate office fixtures, because, well, he thought he’d give that a shot. “We basically had to mortgage everything, including...
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Constantine von Hoffman
- 23 May 2018
- News
John A. Paulson, MBA 1980
1984 Joins Bear Stearns, M&A Managing Director 1988 Named Partner, Gruss Partners 1994 Launches Paulson & Co. 2007 Makes what many call the “greatest trade ever” on subprime mortgage market 2012 Contributes historic donation to Central...
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Susan Young
- 01 Dec 2018
- News
Ask the Expert: Gimme Shelter
from some additional equity (assuming incomes rise). And unlike paying rent to a landlord, each time the owner pays their mortgage they are paying down principal and building equity, just like a market-rate owner. Taken together, these...
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Jen McFarland Flint
- 01 Dec 2008
- News
Letters to the Editor
Capitalism.” Not a word was mentioned about the credit disaster facing our nation today. The article stresses the remarkable recent prosperity of capitalism, and points out some concerns. It does not speak to the abuses of the mortgage...
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- 01 Sep 2010
- News
Noted & Quoted
90 and 95 percent of all the residential mortgages this year have been insured by, guaranteed by, or securitized by the government.” — HBS senior lecturer Nicolas Retsinas noting that the government has kept the residential housing market...
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- 01 Sep 2012
- News
Alumni Books
the Economy Is Wrong by Edward Conard (MBA 1982) (Portfolio/Penguin) To explain the causes of the US financial crisis, conventional wisdom blames Wall Street and the mortgage industry for using predatory tactics to seduce homeowners into...
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- 01 Dec 2004
- News
Warren Buffett Speaks at HBS
deficit, which amounts to “a wealth transfer to the rest of the world.” “We're like an enormously rich family that daily is selling off a little piece of the farm, or mortgaging it to the rest of the world.” Buffett spent much of his time...
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- 28 May 2019
- News
INK: Maker’s Manual
the toughest person I know—except for my cofounder. I had a mortgage and three sons, and I was the primary earner in my family during the economic crisis. But building a company also means being tough in a good way. I have always believed...
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Jen McFarland Flint
- 01 Dec 1997
- News
"Economists are puzzle solvers..."
same way. A home mortgage is a simple example of how our work is commonly applied. Most mortgages allow the homeowner the option to prepay the mortgage before its term is up....
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- 07 Sep 2021
- News
Skydeck Voices: For My Next Act
easier is if you've spent your life living below your means. And so many of us don't do that. And we buy big mortgages and buy more than we need, and really the easiest thing to do is pay yourself first and live below your means and...
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- 25 Aug 2015
- News
Sunset in the East?
mortgage or with very little debt. Unlike in the United States, banks are also less on the line in real estate. We should always keep in mind that the Chinese property market was stagnant or worse (nonexistent) for 30 years after the...
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- 01 Sep 2006
- News
Strange Bedfellows
these developments. Imagine if you were allowed to represent your income on your tax forms and on your mortgage application differently. In a moment of weakness, you might portray your economic situation in two distinct ways. Unlike...
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- 01 Jun 2011
- News
An Economy Undermined
negotiable CDs, and so on. Across Wall Street, with takeovers, LBOs, S&Ls, over-the-counter derivatives, high-tech stocks, telecoms, subprime mortgages, and of course mortgage securitization, innovation was too often accompanied by abuse....
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- 01 Jun 2009
- News
Dispatches from the Global Classroom
employment system and therefore do not qualify for Infonavit, a government loan and public housing agency that grants more than half of Mexico’s mortgages and is funded in part by a 5 percent payroll tax. Their idea is validated in a talk...
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- 01 Sep 2011
- News
Coming Full Circle
Consumer Financial Protection Bureau and wanted his help. “It was one of those calls you don’t say no to,” says Bernstein, now serving as the bureau’s deputy assistant director of mortgage and home equity markets. “The CFPB is the largest...
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- 01 Mar 2009
- News
Damon Silvers
to restructure home mortgages in a manner homeowners can afford is at the heart of our financial crisis. We have paid a terrible price for not addressing the foreclosure crisis at its inception, but it is never too late to start. How can...
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- 01 Dec 2008
- News
Back to the Future
$4 a gallon, stunning American motorists. The results were predictable: Prices for everything skyrocketed, and an already recessionary U.S. economy, soon to be slammed by the mortgage and credit crises, began slouching toward the 1930s....
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- 01 Dec 2008
- News
Business at the Summit
chairman and CEO, Ayala Corporation in the Philippines. Dimon offered an unvarnished critique of both the corporate and the political worlds. He conceded that the mortgage business “was basically underregulated,” leading to the spread of...
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