Michael Panzner

Michael J. Panzner is a 30-year Wall Street veteran and the author of three books, including Financial Armageddon, which predicted the 2008 global financial crisis.

Good Idea, Bad Investment?

The bet that many investors made last year that the U.S. financial sector was heading higher seemed to have a lot going for it. The shares of banks and insurers were trading at “cheap” levels relative to earnings and book values. The Federal Reserve was...

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