Word: crisises
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"The most obvious is people," he says. "They recruit the most extraordinarily talented people, the most gifted in leadership." Then, he continues, Goldman brings these talented leaders together in by far the most team-oriented environment on the Street. (See 25 people to blame for the financial crisis.)
Well, yeah, except that Goldman and JPMorgan played right along with many of the Wall Street practices that led to the crisis. They fought regulation - of derivatives, for instance - that might have prevented it. And their big profits can be traced not only to skill but also to the government...
A World of Debt The U.S. Treasury Secretary reminds us that we're in a recession where debt as a share of the economy has risen to extraordinarily high levels [June 29]. Timothy Geithner says: Remember, this is a crisis born in part of the fact that households around the...
At this particular juncture in Russian history, it is Lebedev's self-assigned role to play, simultaneously, the oligarch and the anti-oligarch - to be the big, brash banking magnate whose estimated wealth prior to the financial crisis was around $3.7 billion and to decry the system that produces people...
The Question Lenin Asked What is not simple is Russia. That quintessentially Russian query - What is to be done? - continues to bedevil the Kremlin. The country is, after all, falling apart. The price of oil is down sharply from its high of $147 a barrel in July 2008. The markets...