Group Think, Duct Tape and Slam Dunks
The Quiet Coup The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of […]
MoreA Look At Wall Street’s Shadow Market | 60 Minutes
MoreAugust 7, 2008 2 Banks Will Buy Back $17 Billion in Securities By ERIC DASH THE NEW YORK TIMES Two Wall Street giants agreed on Thursday to buy back more than $17 billion of auction-rate securities that were improperly sold to retail customers, likely paving the way for other banks and brokerage firms to take […]
MoreFrom The Times Online UK Shit, meet fan…. America’s Federal Bureau of Investigation is investigating senior banking executives for insider dealing and fraud as part of a criminal inquiry into the sub-prime crisis, the agent leading the inquiry said yesterday. Neil Power, the head of the FBI’s economic crimes unit, is heading the most far-reaching […]
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