Word: exchangee
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Petro-economies once seemed impervious to the American sub-prime mortgage mess. That view is reflected in a grim joke making its way around Wall Street and the City of London about the options left for laid-off bankers: "It's Dubai, Mumbai, Shanghai, or goodbye." But the reality may...
The result was the growth of what's now often termed the shadow banking system of securitization and derivatives, which took over many of the responsibilities of banks but was not subjected to the same kind of risk controls or oversight. This process began in the 1970s, as the rigid...
As staffers took stock of their losses, a cottage industry sprouted around them. Geoffrey Raymond, a painter who creates portraits of Wall Street titans - former New York Stock Exchange chairman Dick Grasso, former New York Governor Eliot Spitzer, ex-Bear Stearns CEO James Cayne - unveiled The Annotated Fuld, a large...
It’s possible, with the assistance of a good backroad atlas and a knack for knowing which turns are more interesting than others, to spend a lot of time seeing America. A century of inspired roadbuilding blessed this country with an impressive asphalt grid begging for travel. There...
On the screen, it was much different; the real information, it seemed, was in the tone and manner of the exchange. (On the transcript, Palin's attempt at defining the Bush Doctrine was "His worldview." On the screen, it was "His worldview?" - with a hint of a challenge in it...