Word: street
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Dates: during 1990-1999
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...contrary. Frankel was a washout as a money manager, twice failing his brokers exam. And as a trader with LaSalle Street Securities, a Chicago firm, he proved too timid for the job--a surgeon afraid of sharp instruments. "I used to call him in the morning and say, 'Marty, make the trade!'" recalls Ted Bitter, a former client of Frankel's. "I would call him back in the afternoon, and he wouldn't have done it." His own fund, the Frankel Fund, attracted a total of three investors and the attention of the Securities and Exchange Commission when Frankel revealed...
Assuming a new identity, Eric Stevens, and taking up with Sonia Schulte, the wife of his former boss at LaSalle Street, Frankel heard about a troubled Tennessee insurance company, Franklin American Life. In 1991, with money remaining from his derelict investment funds and a few dubious letters of credit, he founded Thunor Trust as a vehicle to take over Franklin. Thunor was run by two Nashville businessmen, who also claim to be victims. Frankel then used Franklin American's assets to purchase at least 10 other insurance companies throughout the South and Midwest. Laxly regulated insurance companies such as Franklin...
...city that never sleeps. "We've been told that if we are given a project at 10 a.m., it may require that we work straight through for 24 hours until it's done," says Menzie. What's more, he had to fight for those 100-hour workweeks. Wall Street internships are so prized that it's not uncommon for students to steal application materials and journal articles from college libraries to keep competitors away. And no wonder: Wall Street interns can earn up to $700 weekly, and sometimes get bonuses...
...together. Democrats are squawking that the House version doesn?t do enough to help poor neighborhoods and minorities get the service they need from reluctant insurers; Clinton says the Senate version takes too much regulatory turf away from the Treasury Department. Now the negotiators take over ?- and Wall Street is salivating at the prospect of a deal. When Citigroup?s model of one-stop financial shopping becomes officially available to the rest of the corporate herd, get ready for a merger stampede; Merrill Lynch, Lehman and DLJ are all potential acquisitions (or acquisitors). And in the meantime, financial stocks...
...march by Protestant militants through a Catholic neighborhood in Drumcree. The spectacle of miles of razor wire and a field flooded to create a moat between Protestant marchers -- ostensibly commemorating the Battle of the Somme -- and some 1,000 troops and police protecting the Catholic residents of a nearby street may be the simplest illustration of the chasm that the negotiators failed to bridge at Stormont...