CITI’S $900 MILLION DEBACLE

CITI’S $900 MILLION DEBACLE

“You need a pretty big eraser on your pencil for a $900 million mistake.” Citi Bank, Revlon, and 3 Hedge Funds were involved in a train of events last week. The events moved around the $900 million debacle. One of the biggest bungles on Wall Street in ages, setting...
MONEY AS A SOCIAL CONSTRUCT

MONEY AS A SOCIAL CONSTRUCT

“Money isn’t a material reality – it is a psychological construct. It works by converting matter into mind. But why does it succeed? Why should anyone be willing to exchange a fertile rice paddy for a handful of useless cowry shells? Why are you willing to flip...

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