This kind of stuff is going to change education.
"Sal" on the Geither Plan
The Khan Academy, a non-profit started by Salman "Sal" Khan, has a fantastic series of videos on the Geithner Plan.
The Khan Academy site is more spectacular, featuring videos on Algebra, Calculus, Physics, Finance, Banking and Differential Equations - apart from the financial crisis. I'm a sucker for good teaching, so I'm going to spend a good amount of time learning all the stuff I'm already supposed to know - and I think this will be useful to pretend I actually know something when my son grow up and asks me to solve (shudder) a differential equation.
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3 comments:
Gr8 stuff Deepak.. thanks for pointing out this site.. This will be a great tool for a layman, as also for someone like me who thinks he/she already knows enough about the topic.. only to be humbled after going through the video
Wow. Great find Deepak and thanks for sharing. Just went through the proposal he has proposed to prevent economic collapse. What I see is the survival of the fittest for the already troubled banks and instead gambling on the 700billion, making a fresh start worth for.
Excellent.
cheers
In Layman's term, Isn't that "Option Writing"? The private Investor and the Treasury have limited downside (upto their equity) and all potential upside. The catch is - There's no expiry on the option!! ;-) or may be far far into the future....
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