Investment Banks

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For Ivy League Seniors, No More Banking on Big Bucks

Julia Plevin | Posted 11.30.2008 | Style

Read More: Investment Banks, Tom Wolfe, Ivy League, Paul Farmer, Economy, Graduation, College Graduation, Investment Bankers, I-Bankers, I Am Charlotte Simmons, Style News

It is the American dream to make a rush toward fortune. In 1849, people swarmed to California for gold. In the late 1920s, people rushed to the stock markets when margins were as low as 10%.

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Losing Grip on Reality: What Ails the American Economy Runs Deeper Than the Credit Crisis

Shawn Lawrence Otto | Posted 10.23.2008 | Business

Read More: Investment Banks, Education, Economy, Economic Crisis, Science, Inventions, Innovation, Future, Business News

Public investments in basic research and education have been our most reliable economic engine. And yet in recent years we have failed to maintain that engine and to refill our tank.

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Stock Market Foreclosures -- The Whole World Is For Sale

Larry Gellman | Posted 10.07.2008 | Business

Read More: Investment Banks, Investing, Investments, Yom Kippur, Wall Street Crisis, Hedge Funds, Stocks, Judaism, Stock Market, Foreclosure, Business, Business News

The gut-wrenching drops in stock prices are not related any more to economic prospects or the decisions of Congress. Stocks are in a foreclosure mode and values have been destroyed by forced selling -- major repentance for past sins.

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We're Investment Bankers And We're Here To Help

Gregory Bedrosian | Posted 10.07.2008 | Business

Read More: Investment Banks, Investing, Dow Jones, Bailout, Stock Market, Taxpayers, Business News

Some advice for our fellow taxpayers in the great financial bail-out.

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Investment Bank Oversight Program Ending, SEC Says

Reuters | Posted 09.26.2008 | Business

Read More: Investment Banks, Wall Street Crisis, Economy, Christopher Cox, Banks, Sec, Business News

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission is ending its program to supervise large independent investment banks now that the ...

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The Crisis and "the Crisis"

Rick Ayers | Posted 09.22.2008 | Business

Read More: Investment Banks, Aviva Chomsky, Crisis, McCain Economy, Global Economy, Marxism, Globalization, Business News

The question that keeps coming back to me is: why are no capitalist big-shots jumping out of windows?

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Not So Fast: Democrats Say Bailout Will Pass, But With A Few Changes

Posted 09.22.2008 | Business

Read More: Chris Dodd, Nancy Pelosi, Bailouts, Morgan Stanley, Goldman Sachs, Investment Banks, Federal Reserve, Banks, Economy, Finance, Personal Finance, Business News

WASHINGTON — Sen. Christopher Dodd says it's just as important to act responsibly as it is to move hastily on legislation aimed at stabilizing t...

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Why I Won't Shed Tears For Wall Street

Robert Reed | Posted 09.19.2008 | Business

Read More: Economy, Leveraged Buyouts, Investment Banks, Goldman Sachs, Morgan Stanley, 401k Drop, Wall Street Crisis, Wall Street Regulation, Wall Street, Lehman Brothers, Wall Street Collapse, Greedy Companies, Larry Kudlow, Bear Stearns, Wall Street Protectors, Business News

How many companies have been damaged in the name of maximizing shareholder value? How many unnecessary mergers, spin-offs and other dumb deals were spawned just to give the stock a jolt? How many jobs and benefits were cut because Wall Street said that was an easy path to operating "efficiencies" and greater short-term returns?

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Greed in the Economy: It's the Morality, Sinner

Jim Wallis | Posted 09.18.2008 | Business

Read More: Bear Stearns, Greed, Materialism, Investment Banks, Mortgage Backed Securities, Lehman Brothers, Fannie Mae, Business, Adjustable Rate Mortgages, Merrill Lynch, Aig, Freddie Mac, Wall Street, Subprime Lenders, Subprime Mortgage Crisis, Bible, Consumer Ethics, Sin, Housing, Ethics, Fannie Mae and Freddie Mac, James Carville, Capitalism, Economy, Religion, Lea, Business News

Our financial collapse is the fiscal consequence of the economic philosophy that markets are always good and government is always bad. But it is also the moral consequence of greed.

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Payback is a Mofo

Fortune's Stanley Bing | Posted 09.17.2008 | Business

Read More: Economic Crisis, Investment Banks, Aig, Merrill Lynch, Debt, Lehman Brothers, Business News

I'm just wondering how they feel today, all the analysts and brokers from the financial institutions who are now being punished for the profligacy, stupidity, greed and wishful thinking of their masters.

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Merrill Lynch Might Signal Much Bleaker Future: Rumor

Dealbreaker | John Carney | Posted 08.19.2008 | Business

Read More: Investment Banks, Merrill Lynch Hiring Freeze, Merrill Lynch, Economy, Recession, Business News

Is Merrill's hiring freeze just the tip of the iceberg? That's the claim of a Merrill Lynch banker who has written to Here Is The City, a financial n...

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Large Bank Collapse Projected In US By Former IMF Chief

Reuters | Posted 08.19.2008 | Business

Read More: Next Bank Collapse, Depression, Bank Collapse, Investment Banks, International Monetary Fund, Kenneth Rogoff, Bank Run, Imf, Banking Crisis, IMF Chief, Recession, Business News

SINGAPORE (Reuters) - The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world's b...

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Fallout From the Housing Crisis

Jim Randel | Posted 08.14.2008 | Business

Read More: Securitization, United States Financial System, Edward E. Yardeni, Student Loans, Investment Banks, Lenders, Commercial Mortgages, Business News

The US financial system sold the world's investors mortgage securities that were founded on faulty assumptions that a) U.S. homeowners will never default, and b) that U.S. housing prices always go up.

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First Mortgages, Next Pensions? Wall Street Wants Your Future

BusinessWeek | Matthew Goldstein | Posted 08.06.2008 | Business

Read More: Treasury Department, Investment Banks, Pensions, Pension Benefit Guaranty Corp., Wall Street, Selling Pension Plans, Pension Plan Investment, Mortgage Crisis, Business News

The folks who brought you the mortgage mess and the ensuing hedge fund blowups, busted buyouts, and credit market gridlock have another bold idea: buy...

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Goodbye, Gramm -- Samson, Not Pillar

John Tepper Marlin | Posted 07.19.2008 | Business

Read More: Stephen Moore, Bear Stearns, Phil Gramm, John McCain, J.P.Morgan, Investment Banks, Mccain Phil Gramm, Regulation, Glass-Steagall, Business News

Phil Gramm designed the 1999 takedown of the Glass-Steagall Pillar. It's just too bad, if you support Obama, to see such a juicy target removed.

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Freddie and Fannie: Republican victims

Diane Francis | Posted 07.15.2008 | Business

Read More: Mortgage Lending Sector, George Bush, Sub-Prime, Housing, Investment Banks, U.S. Treasury, Fannie Mae, Eliot Spitzer, Real Estate Sector, Fraud, Mortgages, Fannie Mae Bailout, Freddie Mac, Bear Stearns Bailout, Wall Street, Economy, Rrepublicans, Business News

The announcement on Sunday that the Fed and U.S. Treasury will backstop these two financial intermediaries is an entirely predictable, latter-day outcome as a result of cowboy capitalism.

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A Young Entrepreneur on Bank Failures and Small Business

Scott Sinclair | Posted 07.14.2008 | Business

Read More: Investment Banks, U.S. Economy, Job Market, Small Business, The Balanced Life, Job Cuts, Economy, Banking, Financial Crisis, Federal Reserve, Commuting, Business News

In the wake of the failure of Bear Stearns, with layoffs at all the major financial institutions and the threat of more bank failures, it's entrepreneurs and small business owners who are investing in the American dream.

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Hedge Funds Poach Talent From Weakened Investment Banks Like Bear Stearns

DealBook | Posted 07.08.2008 | Business

Read More: Investment Banks, Merrill Lynch, JPMorgan Chase, Goldman Sachs, GLG Partners, Economy, CQS, Bear Stearns, Bear Stearns Collapse, Citadel, Tudor Investment, Business News

Hedge funds are on a hiring binge, taking advantage of cutbacks at investment banks. Star traders, senior executives and whole teams have been recruit...

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Perp Walk

Jeff Danziger | Posted 06.20.2008 | Business

Read More: Investment Banks, Subprime Mortgages, Perp Walk, Bear Stearns Arrest, Cartoons, Political Cartoon, Cartoon, Political Cartoons, Business News

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One Dozen Governments Will Fall

Anya Kamenetz | Posted 04.25.2008 | Politics

Read More: Global Warming, Environmentalism, Sierra Club, Finance, Investment Banks, Presidential Politics, Climate Change, Politics News

There's such a frustrating gap with global warming between what's available and possible and what we are actually acting on. And the cost of acting is far less than the cost of inaction, even in strict money terms.

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The Upside Down Banker: Banks Like Goldman Sachs in the US Are Listening to Muhammad Yunus

Vivian Norris de Montaigu | Posted 04.19.2008 | Business

Read More: Sub-Prime, Yunus, Poverty, Investment Banks, Economy, Katrina, Women Entrepreneurs, Grameen America, Entrepreneurs, Bangladesh, 0, Emerging Markets, Village Banks, Credit Agricole, Double Digit Returns, Goldman Sachs, Credit, 000 Women, Us, Arms, Business News

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.

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Time For Bank CEOs Who Blew It To Step Down

Henry Blodget | Posted 04.15.2008 | Business

Read More: US Economy, Bush Economy, Investment Banks, U.S. Economy, Subprime Crisis, Subprime Mortgages, Subprime Mortgage Crisis, Economy, Ceos, Subprime Loan Crisis, Wachovia, Ken Thompson, Business News

Unless forcefully shown the doors, CEOs seem to show no willingness to accept real responsibility when things go bad.

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Bank Demand For Federal Reserve Liquidity Support Falls

Financial Times | Krishna Guha | Posted 04.10.2008 | Business

Read More: Fed Loan Demand Falls, Investment Banks, Fed Direct Borrowing Falls, Liquidity Support, Federal Reserve, Business News

Demand for Federal Reserve liquidity support from investment banks and other primary dealers has fallen in recent days, the US central bank revealed o...

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Morgan Stanley's Mack Sees End of Crisis

AP | JOE BEL BRUNO | Posted 04.08.2008 | Business

Read More: Investment Banks, Morgan Stanley Mack, Credit Crisis, Recession, John Mack, Morgan Stanley, Wall Street, Business News

PURCHASE, N.Y. — Morgan Stanley Chief Executive John Mack said Tuesday that Wall Street is facing the most difficult conditions that he has seen...

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Bear Stearns Rescue Backed Amid Concerns

AP | MARTIN CRUTSINGER | Posted 04.03.2008 | Business

Read More: Investment Banks, Fire Sale, Federal Bailout, JP Morgan, Central Bank, Federal Reserve, Ben Bernanke, Bear Stearns, Business News

WASHINGTON — Federal Reserve Chairman Ben Bernanke and the Bush administration on Thursday defended the decision to rescue Bear Stearns amid que...

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