FINANCIAL MARKETS AND THE MEDIA by Matt Ingram Invest Ed® All Rights Reserved Oklahoma Securities Commission July 2016
Where Are We Today? Securitization Private companies, “The Unicorns” Low interest rates http://fortune.com/2015/01/22/the-age-of-unicorns/
Securitization What happens when you borrow money for a car or a house? Banks pool their loans and sell them. Special Purpose Vehicle (SPV) Asset-Backed Securities (ABS) Cars, houses, student loans www.imf.org/external/pubs/ft/.../basics.pdf
Biggest Stories in Technology Uber Amazon and “the Internet of things” (IoT) http://aws.amazon.com/iot/ Self-driving cars AirBNB https://www.uber.com/cities/oklahoma-city
sonyclassics.com/insidejob/ Financial Crisis Housing boom and bust Banks and mortgage companies House of Cards (CNBC), “Inside Job,” The Big Short Large firms disappeared. (Lehman, Bear Stearns) Iceland, UK, Ireland Nationalization of firms (AIG, Fannie/Freddie, GM, Chrysler) sonyclassics.com/insidejob/
Sources of Information http://online.wsj.com/home-page Nytimes.com http://dealbook.nytimes.com http://www.marketwatch.com/ Yahoo Finance http://finance.yahoo.com/ Blogs/News Aggregation sites http://www.businessinsider.com
Television CNBC, Bloomberg http://www.cnbc.com/id/10000477 Mad Money http://www.cnbc.com/id/15838459 Fast Money http://www.cnbc.com/id/15838499 Variety of specials Frontline: lots of shows on the financial crisis, Madoff, banks http://www.pbs.org/wgbh/pages/frontline/ American Greed http://www.cnbc.com/live-tv/american-greed