Word: bankers
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...Doug Elliott, a former investment banker and fellow at the Brookings Institution, says that he thinks releasing the results of the bank stress tests is the right move. "For the test to instill any additional confidence we are going to need to know the results," he says. "It is going to be very hard for these companies to raise additional capital on their own. So whatever funds they need are going to come from the taxpayer. So we should know how much that is and who it is going...
...Considered one of the most successful young reporters in the business, Rattner nonetheless left the profession in 1982 to become an investment banker. He worked at Lehman Brothers, Morgan Stanley and eventually Lazard Freres, where he served as deputy chairman...
...decided that rather than covering the players, he wanted to be a player." Kathy Slobogin, formerly a New York Times colleague of Rattner's, on why he left the news business to be an investment banker, (Newsweek...
...favors either. It blocked--on antitrust grounds that analysts considered flimsy--a bid by Coca-Cola to buy a large, privately owned fruit-juice producer in China. "It gives [foreign] governments ammunition to use against Chinese acquisitions that wasn't available before," acknowledges a Hong Kong--based investment banker who is working on one of the resource deals...
USAGE: "Nate Stahura from Rochester, N.Y., won the 'recession beard' competition with a shaggy five-month-old effort that he grew after being laid off as a banker." --New York Times, March...