In the last seven days, the deluge of new Wall Street scandals has been constant, fascinating and incredibly confusing. Helpfully, one tie that binds is that nearly every major accusation has been accompanied by denials from the accused, but beyond that things can get confusing. What’s the Read More
It’s October 2008, the middle of the global financial apocalypse, and Treasury Secretary Henry Paulson has kayaked to a private island. The most expensive government spending act in American history passed a day earlier, but now he’s hunting redfish. “I felt like myself for the first time in a long while,” he sighs in On Read More
Sanford I. Weill stood alone on the great Carnegie Hall
ballroom stage looking at his watch. His gray suit stretched to accommodate his
paunch, his tie shined a bright power red. Before him sat a rapt audience of
shareholders-patient, expectant, ready. It was just past 9 a.m. on April 17,
and Mr. Weill was ready Read More
These are times when those with money at risk will do well to pay less attention to what the great men among us say than to how they say it, or what they do. I have even interrupted my perusal of the seminal texts of Mugwumpery, The Gilded Age Letters of E.L.Godkin (State University of Read More
When Robert Rubin was Secretary of the United States Treasury, he often wandered around his office with his shoes off, pondering matters of global importance. Now he putters around his temporary office at the Council for Foreign Relations on East 68th Street in his stocking feet, wondering what to do with the rest of his Read More
