Word: bankes
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...Luckily for Syria, perhaps, Israel is dragging its feet even more on the peace front. Having separated themselves from an ever hostile Palestinian population by withdrawing from Gaza and walling off the West Bank, the Israelis have lost interest in land-for-peace deals. So not only are Israeli-Palestinian peace talks largely moribund, but the Netanyahu government has dodged Syrian requests for direct talks, calling instead for indirect talks whose goal would be to agree to a cessation of hostilities rather than a return of the Golan Heights. That's a nonstarter for Damascus; no Syrian government could make...
...that evening, he left her a car (a stick shift) and directions to his family's remote farm 50 miles away. When she got there, he'd already left for a party. She rationalized that he wanted an independent, can-do woman - which, as a vice president at investment bank Lazard...
Back in 2006, Lawrence McDonald, a former Lehman Brothers bond trader, remembers, he asked an intern what he was doing during the winter break at the now bankrupt investment bank. The intern, who was a junior in college, said he was trading derivatives for the firm. Surprised, McDonald asked the intern the size of his pad - Wall Street-speak for how much of the firm's money he was able to trade - figuring it couldn't be much. The intern's response: $150 million...
...CDOs). Morgan Stanley had a nearly $4 billion loss in proprietary trading in the fourth quarter of 2007. Goldman Sachs spent $3 billion to bail out one of its hedge funds. And Citigroup has poured more than $3 billion into fixing its problems with structured investment vehicles, investments the bank set up with its own capital. Like Merrill, Citi lost big - as much as $15 billion, on the CDOs it decided to hold rather than sell off. In fact, nearly every large financial firm that stumbled during the financial crisis had billions of dollars in proprietary-trading or hedge-fund...
...define which trades are being made on behalf of the firm and which are being made for clients. At issue as well is which firms would be subject to the Volcker rule. The skeptics say the Volcker rule wouldn't have stopped the collapse of Lehman or another investment bank, Bear Stearns, because they were not traditional banks. (Administration officials say the proposed rule would apply to any firm that owns a bank with federally insured deposits, which Lehman and Bear both did.) What's more, critics say, if you were to limit financial firms to just making loans...