Word: street
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...Expanding the American dream of homeownership must continue to be our mission, not solely for the purpose of benefiting corporate America, but more importantly, to make our country a better place." Countrywide and others made mortgages available to anyone with a pulse, aided and abetted by Wall Street, which created the market for exotic mortgage derivatives. By 2008, "banks and investors had plied the average American with mortgage debt on such speculative and unthinking terms that not just America's economy but the world's economy ultimately capsized...
Lowenstein has a pitch-perfect sense of the Street's monumental recklessness. The chorus line of overpaid bad actors in this book is endless. Held out for particular scorn is Lehman CEO Richard Fuld, who has "the daring of a gambler who believes, deep down, that he will always be able to play the last card." Maybe he did, yet as the book impressively shows, Fuld lost...
...BOTTOM LINE: Is anyone in charge here? Wall Street as we knew it failed and needs a reboot...
...good men and women at Grafton Street Bar have produced just the drink for the occasion. Mixologist Morgan recommended the Maker's Mark Manhattan to hail the arrival of the new Masters. The Maker's Mark Manhattan is a drink for the newly initiated drinker and the perfect option for this occasion. But we prefer a more fitting name: "The Master Brew...
This FlyBy correspondent, who happened to be on the shuttle when the accident happened, barely noticed an impact. But before we knew it, both the shuttle and the truck had pulled over to the side of the street. The shuttle driver instructed the passengers to exit the vehicle and wait for the next...