FHA

A Brief History of FHA

This article was written by Phin Upham The failure of the banking system during the Great Depression caused a drastic decrease in the availability of home loans, which directly impacted home ownership in the United States. At the time, most mortgages were very short term, covering the span of only three to five years. The…

uber

The History of Uber

Written by Phin Upham Uber began in Paris in 2008. Founders Garret Camp and Travis Kalanick were enjoying wine and food at the LeWeb conference. During a night-time crawl, the two were eagerly discussing what is next in the landscape of the Internet. Garret was doing what he called “hard time” over at eBay, where…

national-bank-note

Creating Currency through the National Bank Act of 1864

This article was written by Phin Upham One of the driving factors in the creation of our national currency was the National Bank Act of 1864. The legislation is actually composed of two acts, and they established several important precedents for our current financial system. The two acts dissolved the idea of a state bank…

accounting

Regulating Public Accounting Firms

This article was written by Phin Upham The Enron scandal was a failure of auditing as much as it was one of the biggest restructurings in banking history. Through loopholes and faulty accounting, the company intentionally misled its board of directors and an independent audit committee. It was able to mask billions in losses, and…