How The US Blew The Trillion-Dollar Trade Of The Century
When the government was forced to bail out the financial system, our friends in Washington also had the opportunity to make the trade of the century f...
When the government was forced to bail out the financial system, our friends in Washington also had the opportunity to make the trade of the century f...
washingtonpost.com | Tomoeh Murakami Tse | Posted 10.21.2009 | Business
NEW YORK -- Congressional investigators think that reams of internal documents turned over by Bank of America last Friday show that its executives wer...
AP | VINNEE TONG and STEPHEN BERNARD | Posted 10.13.2009 | Business
SAN FRANCISCO — After months of resistance, Bank of America Corp. plans to turn over documents showing legal advice it received on its purchase ...
Posted 10.07.2009 | Business
In a recent speech at the University Of Pennsylvania's Wharton School of Business, former Merrill Lynch CEO John Thain -- he, of the $35,000 commode -...
Posted 09.29.2009 | Business
UPDATE: AIG's Joseph Cassano is BACK in U.S. soil. Check out info on his "surprisingly modest" home here. Absence makes the heart grow fonder. Well...
Bloomberg | Michael J. Moore and Dakin Campbell | Posted 09.18.2009 | Business
John Thain, the former chief executive officer of Merrill Lynch & Co. who was accused of overspending on an office renovation as the broker teetered, ...
bloomberg.com | Posted 09.18.2009 | Business
Sept. 18 (Bloomberg) -- John Thain, the former chief executive officer of Merrill Lynch & Co. who was accused of overspending on an office renovation ...
bloomberg.com | Bob Ivry, Christine Harper and Mark Pittman | Posted 11.08.2009 | Business
Sept. 8 (Bloomberg) -- The warning was ominous: "Massive global wealth destruction." That's what Lehman Brothers Holdings Inc. executives predicted...
Jonathan Littman | Posted 09.12.2009 | Business
Judge Jed S. Rakoff of New York is my idea of a true American hero. This week he had the guts to ridicule the sham $33 million settlement put forth by the SEC and Bank of America execs.
David Fiderer | Posted 08.18.2009 | Business
The fallout of Paulson's two disastrous decisions (to let Lehman fail and reverse his position on foreclosure relief) prompted the former Treasury Secretary to abuse his powers, with some not-so-veiled threats.
Michael Moore | Posted 06.01.2009 | Business
Instead of putting those responsible for the financial crisis in jail, why did we give them huge sums of our hard-earned tax dollars. Bernard Madoff is nothing more than the scab on the wound.
Huffington Post | Julie Satow | Posted 05.28.2009 | Business
John Thain has given a series of interviews to the Wall Street Journal, where the former Merrill Lynch CEO tells his side of the bonus story that led ...
Portfolio | Posted 05.22.2009 | Business
We asked a group of eight former prosecutors and other legal experts (some of whom asked to remain anonymous) about which of the meltdown's disgraced ...
David Fiderer | Posted 05.16.2009 | Business
Why would Merrill's senior management, with BofA's acknowledgment, base their internal year-end projections on the assumption that securities prices would recover so sharply?
B. Jeffrey Madoff | Posted 05.14.2009 | Business
If these people were "the best and the brightest," why did the financial crisis happen?
Don McNay | Posted 04.16.2009 | Business
If the people on Wall Street knew that no one would ever be there to bail them out, ever again, they would be less inclined to gamble with instruments they don't really understand.
Daily Beast | Judy Smith | Posted 04.14.2009 | Business
Now that Bernie Madoff will be trading in his jet-setting lifestyle for a more humble existence (with a big, mean, short tempered cellmate), I'm remin...
Matthew Palevsky | Posted 04.11.2009 | Business
Over the past few months we've seen the media begin to cast a hairy eye on many of the financial characters it once dubbed as experts, creators of gre...
Huffington Post | Katharine Zaleski | Posted 04.04.2009 | Business
UPDATE: Some of the top earners at Merrill Lynch who were given $209 million in 2008 were subpoenaed by New York State Attorney General Andrew Cuomo o...
Reuters | Posted 04.03.2009 | Business
Merrill Lynch & Co's 10 highest-paid employees got a total of $209 million in cash and stock in 2008, up slightly from $201 million they received a ye...
ABC News | Posted 03.28.2009 | Business
John Thain, former CEO of Merrill Lynch, finally revealed the names of the executives who received multi-million dollar bonuses on the eve of his fail...
AP | IEVA M. AUGSTUMS and STEPHEN BERNARD | Posted 03.26.2009 | Business
CHARLOTTE, N.C. — A New York judge cleared the way Monday for former Merrill Lynch & Co. CEO John Thain to testify about bonuses paid to Merrill...
Joseph A. Palermo | Posted 03.12.2009 | Politics
It could be that our institutions are so corrupt, our political discourse so banal and polluted, that they are incapable of lifting us up from our national malaise.
HuffingtonPost.com | Sam Stein | Posted 03.07.2009 | Politics
Ever since the government decided to spend hundreds of billions of dollars propping up troubled banks, there have been reports of those banks and exec...
Joe Peyronnin | Posted 03.06.2009 | Business
Memo to Wall Street: the old way of doing business is over if a company is on life support and needs a huge transfusion of federal taxpayer money to bail it out.
Bloomberg | Mark Fisher | Posted 10.26.2009 | Business