Dick Fuld, the former head of Lehman Brothers, seems to still be feeling the effects of his own home-brewed Kool-Aid. Mr. Fuld hasn’t stopped attributing his investment bank’s demise to ...
Business guru Peter Drucker called management "the most important innovation of the 20th century." It was well-justified praise. Techniques for running large corporations, pioneered by men like Alfred Sloan of ...
“If you go back to early 2008, when Bear Stearns blew up, that’s when a lot of quant managers got blown out of the water,” said Neil Rue, a managing ...
Former Federal Reserve Chairman Alan Greenspan said in an interview with Bloomberg Television’s “Conversations With Judy Woodruff,” airing today, that Congress should let former President George W. Bush’s 2001 tax ...
The shift underscores the remarkable recovery of the biggest banks and brokerage firms since Washington rescued them in the fall of 2008, and follows the huge rebound in profits for ...
After more than 20 hours of continuous wrangling, congressional Democrats and White House officials reached agreement on the final shape of legislation that would transform financial regulation, avoiding last-minute defections ...
Oh dear. Football is about to dominate the markets and Team Macro Man are crap at football. Since they have always been surrounded at work by so many experts in ...
“While I don’t agree with everything in the bill, given everything that’s happened during the financial crisis, it was inevitable that new regulation would come to Wall Street,” said Donald ...
But on Thursday the Senate passed a bill that included two notable ratings-related amendments. The first, by Senator George LeMieux, Republican of Florida, would strip from federal laws a requirement ...
Score another triumph for the rigged- market theory. In a feat that would seem to defy the odds, Goldman Sachs, JPMorgan Chase and Bank of America this week each said ...
Throughout history people who make good profits during economic crises have been condemned as 1cspeculators 1d, and used as scapegoats, often by the very governments whose policies caused a crisis. ...
The Securities and Exchange Commission has referred its investigation of Goldman Sachs to the Justice Department for possible criminal prosecution, less than two weeks after filing a civil securities fraud ...
In case you need a cheat sheet for today’s Senate hearing, here is a glossary of terms that Goldman traders and execs like to use in the heyday of their ...
I 19d like to propose some structure to the policy debate around the Too Big to Fail (TBTF) concept.� This arises mostly from my frustration with both the debate among ...
