 The Wild Wild World of Wealth |  |
It’s that time of year. Costume shops are jamming as folks hunt for outfits. Twitter is buzzing with “trick or tweets” about Halloween. On Saturday little goblins will sweep through neighborhoods and fill their bags with time bombs for the waist line. The season makes me wonder: What does it take to become a Halloween mask? [...]
Now, the game is over. Wiretaps, once the bane of drug lords and Mafiosi, are working their way through Hedgistan according to Bloomberg news. The Galleon recordings will play out in a packed court room. The tapes will remind anybody trading on inside information of the game-ending consequences.
The government is exploring expansive controls over “too big to fail” financial institutions. According to The New York Times, the House Financial Services Committee may introduce legislation this week. The measure would make it easier for the government to seize control of troubled financial institutions, throw out management, wipe out the shareholders and change the terms [...]
What can investors do when their hedge funds implode? The Galleon scandal puts a fine point on this question. In the wake of an alleged insider trading scandal, Galleon is closing the doors of its operation which managed $3.7 billion in assets as of Friday last week. That’s one report. Now the organization, which has [...]
Are the charges against Galleon the SEC’s first salvo across the bow?
There’s plenty of Monday morning quarterbacking over Bank of America’s deal with Merrill Lynch. News articles overflow with vitriolic charges from executives barking, snarling, and lifting their legs in each other’s direction. Yesterday, the New York Times reported that some outside directors urged caution during a feverish September weekend in 2008: On that frenzied weekend, [...]
| | |
© 2012 Acrimoney. All rights reserved. Norb Vonnegut's Author Site
"The Gods of Greenwich is a pure delight, racing relentlessly from the bedrooms of Manhattan to the boardrooms of Connecticut to the banks of Iceland. Bravo!”