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Drexel Burnham Lambert

Tyler Cowen Tackles the Big-bank Problem

Robert Teitelman | Posted 04.17.2012 | Business
Robert Teitelman

Over the weekend, Tyler Cowen put up a column in The New York Times arguing a) that financial institutions should not be broken up and b) that shareho...

The Junk-Bond Market Is Booming Like Never Before

nytimes.com | NELSON D. SCHWARTZ | Posted 05.25.2011 | Business

The market for high-yield securities, as junk bonds are more politely known in the business, is booming as never before. And Mr. Casey, one of today's...

Snow, Quayle, Feinberg and Merkin: This Is Who Gets Our Bailout Money?

Dennis O'Brien | Posted 05.25.2011 | Business
Dennis O'Brien

As a completely unregulated private equity partnership, Cerberus has no public reporting requirements. In fact, they are now refusing to disclose their finances even after the bailout.