The Black-Scholes Atomic Debt Bomb & 7 Predictions
By not deflating the supply of fiat, debt-based exchange units for so many years, the over supply of them, each a claim on America's future, has grown by quantum levels of risk.
By not deflating the supply of fiat, debt-based exchange units for so many years, the over supply of them, each a claim on America's future, has grown by quantum levels of risk.
ClusterStock | Corey Lorinsky | Posted 07.18.2008 | Business
Sam Israel's $250 million fraud and fake suicide are still leaving casualties. Now his defrauded Bayou Hedge Fund investors are trying to recoup some ...
DealBook | Posted 07.08.2008 | Business
Hedge funds are on a hiring binge, taking advantage of cutbacks at investment banks. Star traders, senior executives and whole teams have been recruit...
Yvette Kantrow | Posted 07.07.2008 | Media
Bryan Burrough in the August Vanity Fair develops his case against CNBC Inc., taking the network to task for failing to separate rumors about Bear's liquidity from fact.
Bob Ostertag | Posted 07.01.2008 | Politics
I desperately want Obama to win, and I hope Wall Street gives him $10 million more. Having Goldman Sachs run the government would be a huge step up from having Halliburton run it.
New York Post | Mark DeCambre with Zachery Kouwe | Posted 06.18.2008 | Business
Goldman Sachs has been best of breed among its mortgage-mangled brethren, but even it is starting to feel the pinch of a slackening deal flow, which h...
Wall Street Journal | Posted 06.17.2008 | Business
When Bear Stearns was dying (and even just before) many wondered what would happen to its successful prime brokerage business, which is engaged in the...
The New York Times | LOUISE STORY | Posted 06.16.2008 | Business
Only a year ago, Wall Street reveled in an era of superlatives: record deals, record profit, record pay. But a mere 12 months later, nearly half of th...
John Tepper Marlin | Posted 06.04.2008 | Green
If Ceres Climate Change ratings had been used as a proxy for long-term thinking, they would have been helpful. They would, in the context of the illiquidity of the credit markets, have been a good predictor of the Bankers Panic of 2008.
Forbes | Posted 05.01.2008 | Business
At $74 million a year, Goldman Sachs Chief Executive Lloyd Blankfein may be a Wall Street bargain. The 53-year-old Blankfein caught a lot of flak whe...
Vivian Norris de Montaigu | Posted 04.19.2008 | Business
Banks in France, especially ones which began as "village banks" like Muhammed Yunus' own Grameen, have mutualist roots to begin with and are deeply linked to their communities well-being.
New York Post | ZACHERY KOUWE | Posted 04.03.2008 | Business
Things must be really tough when Wall Street's most profitable investment bank starts cutting perks. Thirsty traders at Goldman Sachs now have to spr...
Henry Blodget | Posted 04.02.2008 | Business
Once again, Goldman seems to have outsmarted the rest of Wall Street, spotting a problem before everyone else did.
Bloomberg | Zhao Yidi | Posted 03.25.2008 | Business
Wall Street banks, brokerages and hedge funds may report $460 billion in credit losses from the collapse of the subprime mortgage market, or almost fo...
AP | Posted 03.21.2008 | Business
Standard & Poor's Ratings Services said Friday it cut its outlook on Goldman Sachs Group Inc. and Lehman Brothers Holdings Inc., saying volatile marke...
Reuters | Posted 03.18.2008 | Business
Visa Inc, the world's largest credit card network, on Tuesday raised $17.9 billion in an initial public offering, the largest-ever U.S. IPO. San Fran...
MarketWatch | Greg Morcroft | Posted 03.18.2008 | Business
Wall Street titans Lehman Bros. and Goldman Sachs, at the center of a credit storm swirling through the global financial markets, both said Tuesday th...
Deborah Siegel and Jacki Zehner | Posted 03.07.2008 | Business
Goldman Sach's vision to empower women entrepreneurs with a business education is an important component in support of long-term economic growth.
Wall Street Journal | LINGLING WEI, RANDALL SMITH | Posted 03.03.2008 | Business
After suffering a beating from their exposure to home loans, banks and securities firms are about to take their lumps from office towers, hotels and o...
Huffington Post | Posted 02.28.2008 | Business
On Tuesday, Lou Dobbs challenged Lloyd Blankfein, the CEO of Goldman Sachs, to a fight while on the air. After discussing a new Economy.com report tha...
BusinessWeek | Moira Herbst | Posted 02.28.2008 | Business
In the final Democratic debate of the primaries on Feb. 26, Senator Hillary Clinton (D-N.Y.) trumpeted the populist theme of her campaign: "The wealth...
Silicon Alley Insider | Henry Blodget | Posted 02.21.2008 | Business
We canvassed a couple of Wall Street M&A moguls last night for their thoughts on how the Microsoft-Yahoo (MSFT/YHOO) deal would play out. Their though...
New York Times | Jenny Anderson | Posted 02.19.2008 | Business
Wall Street banks are bracing for another wave of multibillion-dollar losses as the crisis that began with subprime mortgages spreads through the cred...
Motley Fool | Tim Hanson | Posted 02.15.2008 | Business
Six -- count 'em, six -- major financial firms now declare that the United States is in recession. That list includes heavyweights such as Goldman S...
Bloomberg Via NYP | Posted 02.08.2008 | Business
US credit markets are trading as if the economy is in a recession because investors' "fear has overwhelmed greed," Goldman Sachs Group Inc. Chief Fina...
The McCain campaign implied on Wednesday that Barack Obama's commitment...
***UPDATED BELOW*** During a CBS interview on Tuesday, John McCain made...
Before the largest crowd of his campaign, Democratic presidential contender Barack...
John McCain made a mistake this evening, which as far as...
There is one more John McCain gaffe that...
As we have observed throughout the last several years,...
When Katie Couric told Haaretz that "The glory days of TV news...
**UPDATE 7/25** ThinkProgress now reports that the bar...
BARCELONA, Spain — Christian Bale swept into Barcelona on Wednesday night to attend a...
If you're wondering about the recent articles claiming that a study found...
HOUSTON — A "dead zone" in the Gulf of Mexico off...
WASHINGTON — Rescue legislation sailed through the House on Wednesday aimed at...
Max Keiser | Posted 07.22.2008 | Business