Treasury Secretary Timothy Geithner got in trouble last week not because details of his financial stability plan weren’t ready. It was because he and other Obama administration officials had led everyone to believe they were. That violated a guiding principle ...
Read More »Madoff victims face grim prospects in court
The securities laws may be your worst enemy if you lost money in the Madoff scam. Investors are suing the feeder funds that channeled their money to Bernard Madoff, charging the feeders with fraud, negligence or breach of fiduciary duty. ...
Read More »Obama starts strong even with rookie mistakes
Barack Obama has transformed American politics. His honeymoon is over. Bipartisanship has been revived, or killed. The White House is dominating the Republicans; the president doesn’t engender any fear. His financial-rescue plan is doomed, a “shock and ugh.” This all ...
Read More »I could have made a fortune wrecking a bank
As bankers were arriving in Washington to absorb some populist rage from a congressional panel, I learned that 696 individuals at Merrill Lynch & Co. got bonuses last summer. You remember Merrill Lynch, the once-proud institution that on the eve ...
Read More »Imagine Citigroup’s Vikram Pandit querying Barney Frank
The chief executive officers of Wall Street’s too-big-to-fail banks traipsed up to Capitol Hill last week to submit to questioning from Barney Frank and the House Financial Services Committee he heads. It was the latest installment in a series of ...
Read More »Black: Passengers beware: You can be frisked
In Arizona v. Johnson, the U.S. Supreme Court addressed the issue of whether police officers who perform a lawful traffic stop have the authority to frisk the vehicle’s passengers. The facts in Johnson are not complicated: The defendant was the ...
Read More »Hassett: Harvard narcissists with MBAs killed Wall Street
For two centuries, Wall Street survived wars, depressions, bank panics and terrorist attacks. Now Wall Street as we know it is dead. Gone. When a healthy and thriving person dies suddenly, a medical examiner may talk to family and friends ...
Read More »Harvard narcissists with MBAs killed Wall Street
For two centuries, Wall Street survived wars, depressions, bank panics and terrorist attacks. Now Wall Street as we know it is dead. Gone. When a healthy and thriving person dies suddenly, a medical examiner may talk to family and friends ...
Read More »Passengers beware: You can be frisked
In Arizona v. Johnson, the U.S. Supreme Court addressed the issue of whether police officers who perform a lawful traffic stop have the authority to frisk the vehicle’s passengers. The facts in Johnson are not complicated: The defendant was the ...
Read More »Woolner: Weill, Prince, O’Neal are gone except for perks
My guess is that a large number of out-of-work Americans wouldn’t mind having their own office with secretarial help, even if they have no actual job to do there. For those in foreclosure, those laid-off, they could get some rest ...
Read More »Mirabile: Don’t dabble in tasks — organize for results
In-house practice is a whirlwind of competing priorities, multistep processes, multifunctional group projects and beguiling distractions. Success requires you to think as much about what you do, and how you do it, as you do about the work itself. Recognize ...
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