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...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 bonds, much of the credit-and-housing bubble might not have been able to form...

Author: /time Magazine | Title: Is Proprietary Trading Too Wild for Wall Street? | 2/5/2010 | See Source »

...Skeptics say it will be very hard to 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...

Author: /time Magazine | Title: Is Proprietary Trading Too Wild for Wall Street? | 2/5/2010 | See Source »

...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 firms do for their own accounts is much larger than they...

Author: /time Magazine | Title: Is Proprietary Trading Too Wild for Wall Street? | 2/5/2010 | See Source »

...When people are laudatory of professors they tend to say he had a passion for the subject, but I dont think I could say that with enough emphasis,” said Alexander J. Pease ’10, who took Burt’s class last semester. “That’s truly how Professor Burt comes across, you could tell how much the subject meant...

Author: By James K. Mcauley and Julia L Ryan, CRIMSON STAFF WRITERS | Title: English Department Adds Professors | 2/5/2010 | See Source »

...fields of concentration, an approved joint concentration, or an approved special concentration.” Want to major in art history and English? First, have a thesis in mind. Petition both departments, and you might get approved. You’d like to concentrate in economics and mathematics, you say? Transfer to Columbia...

Author: By Gregory A. Dibella | Title: Veritas: Now Subject to Committee Approval! | 2/5/2010 | See Source »

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