A distinguished financial journalist chronicles the dramatic rise and fall of Long Term Capital Management, a hundred-billion-dollar hedge fund that had to be rescued from collapse by the controversial Federal Reserve buyout, and the implications of the high-stakes financial manipulatons. Reprint. 100,000 first printing.
LTCM (Long-Term Capital Management) - a portmfolio of bonds worth 100 billion - owned 5% of the global interest rate swap market plus other derivatives, it had a notional value...
Details of Jack Welch's rich retirement package from General Electric were leaked from Welch's racy divorce proceedings . According to his estranged wife , Welch's lifetime perks included the use of a $ 15 million Manhattan apartment ...
JOHN THAIN, former Goldman executive who replaced O'Neal as CEO of Merrill Lynch; after early stock sale resisted advice to raise more equity G. KENNEDY (KEN) THOMPSON, CEO of Wachovia, acquired high-flying Golden West, ...
Chronicles the tumultuous era and remarkable personalities that created the Federal Reserve, tracing the financial panic and widespread distrust of bankers that prompted the landmark 1913 Federal Reserve Act and launched America's first ...
Constance Mitchell, “Precise Roles of Salomon, Others in May Sale Probed," Wall Street ]oumal, August 19, 1991. 32. Michael Basham. 33. “Salomon Brothers," House Subcommittee, especially pp. 131—35 and 166-74. See also Michael Siconolfi ...
Roger Lowenstein reveals the largely untold story of how Lincoln used the urgency of the Civil War to transform a union of states into a nation.
This is the inside story of their origins in the 1960s and 1970s, their explosive battles with central banks in the 1980s and 1990s, and finally their role in the financial crisis of 2007-9.
... Ferdinand Pecora. Inshort, the academic world and the general public both perceived the stock market as little more than a playground for speculators. Markowitz himself was onlyincidentally interested in the stockmarket or ...
Cumulative retirement deficits are approaching $1 trillion, and Lowenstein warns that these are only the first.
Written by the prizewinning reporter who broke the story in The Wall Street Journal, The Greatest Trade Ever is a superbly written, fast-paced, behind-the-scenes narrative of how a contrarian foresaw an escalating financial crisis--that ...