Remove Banking Remove Debt Remove Philadelphia Remove Risk
article thumbnail

Pity the fool - The Business Facilities Blog - Economic Development.

Business Facilities

The flaw, he explained, was that the banking giants had failed to regulate themselves, causing the intellectual edifice of the modern risk-management paradigm to collapse. So Alan Greenspan is shocked, shocked, that unregulated banks might get so greedy that they would act irresponsibly. Philadelphia success story.

Debt 40
article thumbnail

Pennsylvania Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Innovate in PA Venture Investment Program: (newpa.com/innovatevip) A Commonwealth of Pennsylvania initiative intended to address the financing needs of technology-oriented businesses by increasing the amount of risk capital available. Guaranteed loans up to $500,000.

article thumbnail

Are There Lessons From the Great Recession for the COVID-19 Pandemic?

Pro Builder

Unlike the previous global recession caused by loose credit, inflated appraisals, and subprime mortgages to unqualified buyers, the fundamentals for housing since have been solid, as banks tightened lending practices and builders collectively seemed less extended. Benach also has a willingness to adjust, even when times are good. Builders.