Word: banker
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...plots of Lucy's shows were usually kept simple. In addition to the "show biz" skits, each season you could count on seeing the wives making bets with the husbands or on Lucy arguing about money with Ricky or her buffoon banker, Mr. Mooney...
Then came Black Monday. When the market crashed on Oct. 19, so did the reputation of this hot new investment tool. Since then the assets covered by portfolio insurance have shrunk by about two-thirds. Worse, its practitioners were accused by a presidential task force chaired by Investment Banker Nicholas Brady of being primarily responsible for the severity of the crash. Says Howard Stein, chairman of Dreyfus and a member of the Brady commission: "A handful of aggressive speculators brought the market to near collapse." Robert Kirby, chairman of Capital Guardian Trust and another task- force member, comments, "They...
...aftermath of Black Monday, more than a dozen investigative bodies have been probing those issues. Last Friday, in a case of remarkably appropriate timing, the most prominent of these groups -- the Presidential Commission headed by Investment Banker Nicholas Brady -- released its eagerly awaited report just after the market closed. The conclusion of the five-member commission* was clear: sweeping reforms are in fact needed to guard against market meltdowns...
...sentence seemed to split the difference between harshness and leniency. The prison term was one year longer than the sentence given last February to Investment Banker Dennis Levine, who led investigators to Boesky after confessing that he and Boesky had been part of an insider-trading ring. But Boesky, who, as part of a plea bargain, admitted to one count of lying to the Securities and Exchange Commission, could have received a five-year sentence and a $250,000 fine. Clearly the judge knocked time off because Boesky has been cooperating with investigators. Before his crimes were publicly revealed...
Built around 1907, the Tudor-Gothic mansion was a fine example of careful stonework and superbly finished interiors, set down on a luxuriant plot of waterfront lawn on Jamaica Bay. It began as a residence for Henry Heinschiemer, an eccentric New York banker whose security system included a sign that read, GENTLE STRANGER TURN BACK. When the age of grand living had passed it by, the big home became a hospital for joint diseases, then a private school for retarded children and later a rabbinical school. Now it is a bag lady of a building. A fire has destroyed much...