Word: trader
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Dates: during 1990-1999
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...former Wall Street bond trader, Rubin remains untroubled by the political conundrum he has created for his bosses Clinton and Al Gore. He spent nearly two hours last Wednesday on the phone with Representative Rob Portman of Ohio, the bill's major Republican sponsor, but the two couldn't bridge what Portman described as their "fundamental philosophical divide." Rubin argues that giving citizens authority over the IRS "raises very serious issues of accountability and conflict of interest." In other words, as another top Administration official put it, "you don't want IRS agents reporting to the chairman of GM." Even...
...Alan Greenspan had just been named head of the Federal Reserve, and green he was. Over at Treasury, the politically savvy but market-naive James Baker spooked traders every time he moved his lips. Today we have the same Fed chairman, but he could not be a more adept helmsman. At Treasury, Robert Rubin, America's foremost fixed-income trader in his days at Goldman Sachs, can coldcock a decline in the dollar with a few choice words...
...Harrods, so they threw mud at me," he once said. But acquaintances of his in Alexandria also describe the Fayeds as a modest family: al Fayed's father was a language teacher, and al Fayed grew up on the rougher side of town. He started as a small-time trader there, selling Singer sewing machines and Coca-Cola. In the early 1950s the future Saudi billionaire Adnan Khashoggi offered al Fayed a share in a Khashoggi business that exported Egyptian-made furniture to Saudi Arabia. The company took off, and not long after, al Fayed married Khashoggi's sister Samira...
...tiny ticks of the tape. Cramer, whose 22% compound annual return over nine years marks him as a winning investor, is perhaps an even greater show. He spends most of the trading session jumping up and down out of a very worn chair, shouting orders at the calm traders who surround him. Says Cramer, who abandoned the security of Goldman Sachs for life as a trader: "Hedge-fund managers used to seem like Errol Flynn...
...kudos would give giggle fits to veteran sleazemasters, who saw films as just part of the con of peddling the promise of smut to suckers. If there was an art to grindhouse movies, it was the art of the spiel. As ace exploitation entrepreneur David F. Friedman (She Freak, Trader Hornee) boasts in Eddie Muller and Daniel Faris' breezy, authoritative, gaudily illustrated Grindhouse: The Forbidden World of "Adults Only" Cinema (St. Martin's Griffin; 160 pages; $19.95), "I've got a high school education in making movies but a Ph.D. in selling them...