Wall street is an incestual place. Gretchen Morgenson had a great piece in The Times yesterday about the links between The Street and The Fed. Interesting tidbit that I did not know: the NY fed is a private institution paid for and managed by wall street. They select their own regulators!
Showing posts with label wall street. Show all posts
Showing posts with label wall street. Show all posts
Wednesday, April 29, 2009
Caught in the spider's web
Wall street is an incestual place. Gretchen Morgenson had a great piece in The Times yesterday about the links between The Street and The Fed. Interesting tidbit that I did not know: the NY fed is a private institution paid for and managed by wall street. They select their own regulators!
Tuesday, April 21, 2009
Tuesday, April 7, 2009
Spitzer is back
Visit msnbc.com for Breaking News, World News, and News about the Economy
It is frustrating because if anyone could fix the regulation on Wall St. its Spitzer. We need to be consulting him behind the scenes.
Monday, March 2, 2009
Are Bankers as Creative as Creatives?
If you take away bonuses, all the bankers are going to do is get creative with compensation. The same way they got creative with credit default swaps. Although, Morgan's clawback policies are a step in the right direction. Go Johnny Mack!!
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