Word: greenwich
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Dates: during 1990-1999
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...have got so deeply in trouble. The fund was headed by legendary trader John Meriwether, who helped make Salomon Brothers the top bond house of the 1980s, as recounted in the best seller Liar's Poker by Michael Lewis. The partners, who worked out of waterfront offices in tony Greenwich, Conn., included Nobel-prizewinning economists Myron Scholes and Robert Merton and former Fed Vice Chairman David Mullins. As their price for the bailout, the creditors acquired a 90% stake in the fund, which effectively removed Meriwether and his partners from power. But huge management fees that the partners have collected...
Merton and John W. Meriwether, a former bond arbitrage specialist at Salomon Brothers who created and runs the Greenwich, Conn.-based firm, could not be reached for comment at press time...
...reacted to the market on a daily basis, you'd be on a funny farm," says a recruiter at a Greenwich, Conn., investment bank...
Days later, Basil Stewart, an unemployed 25-year-old father of three, drove two hours from Brooklyn to Greenwich to spend $175--mostly crumpled up fives and 10s--on Powerball tickets. Could he afford it? "No comment," Stewart replied. More disturbing still was the fact that 28-year-old waiter Ernie Kovic, was also on a Greenwich lottery line, funneling all the money he had been saving for college--$3,000--into Powerball tickets...
...incestuous, since Gordon was not his blood relation. She was the daughter of his wife's half sister. We hope that Patton will be remembered as a hero who shortened the war and saved American lives, rather than as an incestuous philanderer. STEVEN AND BERNADETTE MUTZ Old Greenwich, Conn...