Word: streets
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Dates: during 1980-1989
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...simply have paid too high a price or accepted overly rosy projections about their ability to repay debt. Other buyouts might flounder because investment bankers arranged the deals with more concern for the fat fees they produced than for the soundness of the transactions, according to critics of Wall Street. Some studies in LBO failure...
...President and Congress are serious about spurring new investment and jobs, insist experts on Wall Street, in Silicon Valley and in academia, they should redesign their tax reform. Some of the experts' suggestions...
...there's more to come, warned Thornburgh, saying, "This probe is part of an expanding Department of Justice crackdown on white-collar crime in all its various guises, from Wall Street to LaSalle Street to Main Street. The activities uncovered at these exchanges, the largest of their type in the world, cannot be tolerated...
...equally troubling -- and more elusive -- issue is whether journalists can cover stories in which they begin with strong personal convictions. A. Kent MacDougall, a journalism professor at the University of California, Berkeley, marched against the Viet Nam War while working on the staff of the Wall Street Journal. Defending his activities in a 1970 Journal op-ed piece, MacDougall wrote, "A well-trained reporter with pride in his craft won't allow his beliefs to distort his stories, any more than a Republican surgeon will botch an appendectomy on a Democrat...
...five executives of Princeton/Newport Partners and a former trader for Drexel Burnham Lambert of 63 felony counts stemming from illegal stock-trading schemes. They were fined a total of $3.8 million. The case marked the first time the Racketeer Influenced and Corrupt Organizations Act has been used against Wall Street executives, and thus lays the groundwork for the Government's prosecution of junk-bond king Michael Milken, formerly of Drexel. Since Drexel was Princeton/Newport's main partner in the illegal trades, evidence from the trial is likely to be used again, against Milken...