Tag Archives for wall street
Bonuses To Go Unchecked
Here‘s the logic ($20B for MS, ML, GS alone) : “A lot of guys wouldn’t want to work this hard just for salaries,” he said. “You’d have a serious exodus from the business by a lot of really talented people … Continue reading
Klein Interview
Here, it’s a good read. Klein: And the other thing I think we need to stress is the extraordinary level of responsibility in the Bush Administration in allowing this crisis to get to the point that it got to, which … Continue reading
Blame Hah-vard!
Heh. -Shlok Sign up for my newsletter.
Why Are You Blaming The Guy Next To You?
Lots of people angry at the guy next to them who took the risky mortgages, or the money market, to the same degree they are angry at Wall Street. I can’t even fathom why. So – why? -Shlok Sign up … Continue reading
The Fed is Broke?
TOD has an interesting idea: The theory here is that the Fed has destroyed its balance sheet by taking on increasingly large chunks of non performing assets (the “toxic waste” made from mortgage-backed securities and the like) in exchange for … Continue reading