Word: owning
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But academics and economists and even some Wall Streeters say proprietary trading and other principal investments played a much larger role in the losses that were at the heart of the financial crisis. What's more, if the firms had been barred from using their own money to buy mortgage...
A number of financial firms, including Citigroup, JPMorgan and Morgan Stanley, say they have already exited proprietary trading, or at least limited their activities in that area dramatically. Goldman Sachs says proprietary trading makes up less than 10% of the firm's revenue. But many observers say the trading these...
Adams-schmooze, the House e-mail list, erupted last night in an occasionally heated debate—well, all caps made an appearance, anyway—about eager students who have taken enforcement of the rules into their own hands.
“I went to the various departments and centers to find people from different backgrounds,” Burch said. “I presented them so that they’re all on the same level and without any gilt frame, so you just see the faces...
After working hard to fill the basement with beauty for many years, Burch “shyly but insistently” requested to have a space of her own, according to Steven B. Bloomfield ’77, executive director of the Weatherhead Center of International Affairs who spoke at...