OMG! Greenspan Goes Populist?
For Alan Greenspan, the apostle of free markets, to admit that financial free markets are not self-correcting is an enormous concession.
For Alan Greenspan, the apostle of free markets, to admit that financial free markets are not self-correcting is an enormous concession.
Reuters | Rolfe Winkler | Posted 10.15.2009 | Business
Thirty-three TARP recipients missed a scheduled dividend payment to taxpayers last month, according to the Treasury Department, including 18 banks tha...
Posted 10.16.2009 | Business
New York Times scribe Andrew Ross Sorkin's much-anticipated book Too Big To Fail may be the closest we'll ever get to being a fly on the wall during l...
New York Times | ANDREW ROSS SORKIN | Posted 10.13.2009 | Business
By most analyst estimates, the annual bonus pool will swell to more than $23 billion. In its second quarter, Goldman disclosed it had put aside $11.4 ...
Raymond J. Learsy | Posted 10.14.2009 | Business
It is scandalous that those in government vested with the responsibility of financial oversight have permitted a culture of "heads they win, tails we lose" to take hold and to grow into a financial Frankenstein.
Dan Dorfman | Posted 10.15.2009 | Business
Keeping in mind that the market has already ballooned some 50% in the past seven months -- meaning you just could be late to the party -- what do you buy?
Georges Ugeux | Posted 10.08.2009 | Home
The real issue for regulators around the globe is a serious definition of the financial world we want to live in. The current focus nearly exclusively on the banking sector could cause authorities to miss the broader picture.
Robert Teitelman | Posted 10.05.2009 | Business
New York Times' reporter Andrew Ross Sorkin's excerpt microscopically examines the actions of some key regulatory and Wall Street players, in this case during the period immediately after Lehman failed.
Martha St Jean | Posted 11.30.2009 | Business
"I knew that I would do something that was important. I always wanted to have power, in order to motivate others to reach their goals," says Harris.
Raymond J. Learsy | Posted 11.25.2009 | Business
It is sheer madness, after recent history, to permit banks to become commodity traders, especially with our money. In the old days, commodity traders put their own money on the line.
ft.com | William Cohan | Posted 11.23.2009 | Business
Few could argue with Barack Obama last week when the US president said Wall Street owed a debt of gratitude to taxpayers. Some of America's largest ba...
Dan Solin | Posted 11.22.2009 | Business
How did Du Jun's activity get past Morgan Stanley's compliance department? Quite easily. Not only did Morgan Stanley approve his trades, some of them were handled by the firm.
Posted 11.22.2009 | Business
Though you'd never know from the title, the New York premiere of Michael Moore's "Capitalism: A Love Story" did have some notable brands associated wi...
Dan Dorfman | Posted 11.21.2009 | Business
So far this year, 94 banks have failed and another 500 to 1,000 may go belly up in the next two to three years. Let's take a look at our nation's banks.
Dan Dorfman | Posted 11.16.2009 | Business
As far as the stock market goes: Don't fall in love with supposedly sure things because the wrong sure thing can kill you.
Fortune's Stanley Bing | Posted 11.11.2009 | Business
Hello, sir. I know you don't start until January, and I'm sure there are a lot of people giving you guidance today, but I thought I'd offer a few tips as you prepare to ascend to the top slot at Morgan Stanley.
Dan Dorfman | Posted 11.11.2009 | New York
Such informed financial minds as Ben Bernanke and Tim Geithner have been telling us for months the recession is history, but just maybe they ought to chat with a can man.
AP | EILEEN AJ CONNELLY and SHAILA DANI | Posted 11.10.2009 | Business
NEW YORK — John Mack will step down as CEO of Morgan Stanley in January but remain as chairman, having navigated the bank through the stormiest ...
Michael Moore | Posted 10.21.2009 | Entertainment
Tonight, at the Venice Film Festival, I will premiere my new movie, "Capitalism: A Love Story." After 16 months of production, I am proud to present this work of mine to you. It is unlike anything you'll see this year.
The New York Observer | Max Abelson | Posted 10.19.2009 | Business
Less than a year after Morgan Stanley got its $10 billion TARP loan (and exactly two and a half months after the money was repaid), the mammoth firm's...
washingtonpost.com | Brian Krebs | Posted 09.24.2009 | Business
Organized cyber gangs in Eastern Europe are increasingly preying on small and mid-sized companies in the United States, setting off a multi-million do...
thestreet.com | Posted 09.21.2009 | Business
Morgan Stanley (MS Quote) is planning to hire as many as 400 traders and sales people, according to a report, as the firm moves to compete better with...
Michael Moore | Posted 09.20.2009 | Business
It's a crime story. But it's also a war story about class warfare. And a vampire movie, with the upper 1 percent feeding off the rest of us. And, of course, it's also a love story. Only it's about an abusive relationship.
Reuters | Posted 09.20.2009 | Business
NEW YORK (Reuters) - Morgan Stanley (MS.N) is planning to hire as many as 400 traders and salespeople, a hiring spree that comes as the firm tries to ...
businessinsider.com | John Carney | Posted 09.06.2009 | Business
This morning Morgan Stanley said it paid $950 million to repurchase warrants issued to the government as part of last fall's bank bailout program. So ...
Les Leopold | Posted 10.19.2009 | Business