Barry Ritholtz is CEO and director of equity research at Fusion IQ, an online quantitative research firm. He blogs at ritholtz.com, a top-ranked financial Web site, and is a frequent
The champions of Islamic finance -- banking and investing based on the
Koran -- believe that if Islamic principles had been applied to Wall
Street, the global economic crisis never would have happened. The
handful of men who decide which mortgages, car loans, and credit cards
are spiritually sound are cashing in. But critics smell a con.
Candidates vying for the Oval Office are expected to spend more than $1
billion in the run-up to the November 2008 U.S. presidential election.
But the need to build a massive campaign war chest is a global
phenomenon. Here’s where fat wallets make the biggest difference on
From Argentina to Zambia, investment firms are snatching up the poor
world's debt. To turn a buck, they sue, harass, and otherwise claw
their way into making debtor states pay. Poverty activists say these
so-called vulture funds are preying on the impoverished. But they're
only doing what the international financial system can't -- holding
corrupt and irresponsible regimes to account.