Last Thursday the Dow lost almost 1,000 points in less than ten minutes. Then, the markets rebounded something fierce. Here’s a guy calling action in the pits. Watch the right corner of the screen as the market slumps: May 6, 2010 S&P Call: Ben Lichtenstein...
Revolving door: Capitol Hill to hedge funds Check out today’s post on Politico. The author asserts that financial reform is uneven, that pending Congressional legislation has modest impact on hedge funds. Wall Street has taken its lumps in Washington recently...
In the Senate chamber yesterday, our elected officials grilled reps from Goldman Sachs. The Senators illustrated, I think, the outrage felt by Americans over bailout dollars that turned into banker bonuses. Even if—Senator Carl Levin (D-Michigan) trash-talked...
Ratings Emails Show Concerns at Rating Firms Over Goldman’s Abacus Deals The dead bodies keep surfacing. It’s now clear the ratings agencies, who were paid for impartial evaluations of Goldman’s Abacus and other CDO deals, had serious qualms. Here...
Tomorrow, Stephen Kovach will guess blog on Acrimoney. Here’s what he writes about what’s in store during our lifetimes. Given that the average life span in the U.S. is approximately eighty years, this also means that the average U.S. citizen lives...
The New York Times describes my novels as “money porn,” “a red-hot franchise,” and “glittery thrillers about fiscal malfeasance.” Through fiction I explore the dark side of money and the motivations of those who have it, want more, and will steamroll anybody who gets in their way.
The New York Times describes my novels as “money porn,” “a red-hot franchise,” and “glittery thrillers about fiscal malfeasance.” Through fiction I explore the dark side of money and the motivations of those who have it, want more, and will steamroll anybody who gets in their way.