Word: bankses
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After receiving job offers from a host of other banks, but not from Goldman, the senior called recruiters at the bank and asked that they reconsider his application—an effort that eventually landed him a job at the bank.
First President Obama proposed new taxes on big banks, blasting the "twisted logic" of Wall Street executives who keep awarding themselves giant bonuses while resisting government efforts to recoup the cost of their industry's bailouts. "Instead of sending a phalanx of lobbyists to fight this proposal or employing an...
A week later, Obama proposed new restrictions on big banks, aimed at limiting their size while prohibiting them from playing the markets with their own cash. "If these folks want a fight," he thundered, "it's a fight I'm ready to have." In case anyone missed the point, Obama...
But Republicans are already accusing Obama of sacrificing reform on the altar of politics, and it's true that the bright-line strategy could scuttle whatever chances there might have been to build bipartisan consensus in the Senate. For example, the White House recently leaked word that it considers the...
It's also no coincidence that the President made his announcement while standing next to the unlikeliest populist advocate for financial reform, 82-year-old former Federal Reserve chairman Paul Volcker, a previously marginalized Obama adviser who had chastised the Administration for making insufficient efforts to limit the size and...