Group Think, Duct Tape and Slam Dunks
Wall Street
U.S. May See 150-200 More Bank Failures
US May See 150-200 More Bank Failures: Bove Reuters | 24 Aug 2009 | 01:07 PM ET A prominent banking analyst said Sunday that 150 to 200 more U.S. banks will fail in the current banking crisis, and the industry’s payments to keep the Federal Deposit Insurance Corp afloat could eat up 25 percent of […]
MoreBernie Madoff’s Guide to New York Restaurants
By Pete Wells In an inspired piece of forensic accounting, Eater analyzes Bernie Madoff’s American Express statements to discover where the Ponzi schemer ate, what he spent, and how he tipped. His go-to restaurant for the period in 2008 covered by the statements was Lure. (But if he liked it so much, how come he […]
MoreBreaking The Bank : Behind The Financial Meltdown ~ Frontline [Video]
F R O N T L I N E In Breaking the Bank, FRONTLINE producer Michael Kirk (Inside the Meltdown, Bush’s War) draws on a rare combination of high-profile interviews with key players Ken Lewis and former Merrill Lynch CEO John Thain to reveal the story of two banks at the heart of the financial […]
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