Ace's Blog Posts Tagged 'Street' (5)

http://livinglies.wordpress.com/2013/02/15/elizabeth-warren-warming-up-on-banking-committee/#comments

“when was the last time you took a Wall Street bank to trial” — Senator Elizabeth Warren from Massachusetts addressing regulators at open Senate hearing.

Editor’s Comment: In a  Supreme Twist of irony Republicans and…

Stephen Neary/Connie Li Chan/Robin Arnott

Last year, as part of a reporting project, we bought a toxic asset — one of those complicated financial instruments that that nearly brought down the global economy.

We spent $1000 of our…

Steve Friedman’s decision to quit as chairman of Goldman Sachs, in 1994, during one of its darkest hours, stunned and angered his partners. And despite Friedman’s maneuverings, it created a leadership crisis as the mismatched team of Jon Corzine (future New Jersey governor) and Henry Paulson (future Treasury secretary) took the helm. In an adaptation from his book on Goldman, William D. Cohan reveals how secret merger discussions put the expansive trader and the hardheaded banker on…