It’s been a hefty week. There was an off-shore oil catastrophe, a bit of a financial problem in Europe, a day-long Goldman Sachs Senate extravaganza, not to mention a new criminal investigation into the firm’s practices, and, probably most importantly, some big arguments about the future of financial reform.
So Read More
Has it really been just one week since the S.E.C. sued Goldman Sachs? Fabrice “Fabulous Fab” Tourre is already an essential part of the life of New York, but we didn’t know his name last Thursday. That’s because, aside from the actual accusations in the government’s suit, the most spectacular thing about the scandal Read More
There is an old rule about not speaking ill of the dead, and Vanity Fair‘s very entertaining piece “Bruce Wasserstein’s Last Surprise” comes close to breaking it. William D. Cohan’s profile describes the late Lazard dealmaker as a man who saw himself as a Nietzschean Übermensch. “He believes he is that,” Mr. Cohan Read More
The further away we get from September 2008′s financial crisis, the better the stories about it become.
The title for a Bloomberg piece this week by Bob Ivry and Jody Shenn, “How Lou Lucido Let AIG Lose $35 Billion With Goldman Sachs CDOs,” is a little bit misleading. Because the story isn’t only about Read More
One of the odd things about Wall Street right now, among many, is that it is exactly the same as it’s always been. Nearly everyone agrees that it needs drastic change, but few people know exactly what that change should look like, and even less can write eloquently about how and why that change Read More