Word: walles
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...Also troubling: Wall Street veterans are complaining that banks and other investment firms - many of which are recipients of federal aid - may be taking advantage of the taxpayer bailout of AIG to boost their profits. "It seems very possible that the banks are forcing AIG to unwind its contracts at a premium," says James Bianco, who runs a financial-markets research firm in Chicago...
...Wall Street firms make money when people are in pain," says Frank Partnoy, who once traded credit-derivative contracts at Morgan Stanley and is now a law professor at the University of San Diego. "I don't know if that is what is happening, but if the question is whether banks would converge on a dying body - the answer is, Absolutely...
...Schwarzman, unlike several Wall Street kingpins at his party, remains gainfully employed. His pay at Blackstone dropped to $350,000 in 2008 from $180 million the year before, but he'll manage. The failure of a hedge fund run by Carlyle Group, another big private-equity firm, played a bit part in the March 2008 minipanic that brought down Bear Stearns, but Carlyle as a whole is still chugging along. Private equity may not be thriving, but it is at least still standing. (See 25 people to blame for the financial crisis...
...pictures of TIME's Wall Street covers...
...with a double off the centerfield fence and scored on Schellberg’s single up the middle, which ricocheted off of the pitcher’s glove. With Schellberg still on the base paths, Francis stepped up to the plate and drove a ball over the wall in dead center field to give Harvard an 8-3 lead. For Francis, the home run was the tenth of her Crimson career, moving her into tenth place on Harvard’s career home run list and equaling her place on the Crimson’s all-time RBI list?...