Category archive for ‘Banking’

• Holden Caulfield on Banking

  29 January 10 • 5 comments

  “If you really want to hear about it, the first thing you’ll probably want to know is who made all the lousy decisions leading up to the banking disaster of 2008, and how the government was out to lunch during the entire bailout, and all that Neil Barofsky kind of crap, but I don’t feel [...]

• I, Bonus

  15 January 10 • Comments Off

  

  Taxing Banks for the Bailout On Wednesday night I spoke at the Rotary Club in Boston. We discussed my novel, Top Producer, but concentrated on Wall Street and the topic of bonuses. It seems everybody wants the finance industry to justify its compensation. Bank CEOs have taken their case to the public. But they haven’t [...]

• Catch-22 Billion

  13 January 10 • Comments Off

  

  For Bankers, Saying ‘Sorry’ Has Its Perils As a kid and Air Force brat, I didn’t like Catch-22 much. The novel, while laugh-out-loud funny, speared the military and hit too close to home. As a blogger and novelist, however, I admire Joseph Heller’s writing techniques. Especially his use of repetition. In Catch-22, different characters keep [...]

• Bankers, Take a Lesson From Mark McGwire

  12 January 10 • 3 comments

  

  Obama Weighs Tax on Banks to Cut Deficit Wall Street’s public relations are a train wreck. I have no prior experience in corporate communications. But here’s my action plan to clean up the mess: CEOs, fire your PR people. They suck. Shut up, Lloyd, about doing “God’s work.” Nobody buys it, not even the religious [...]

• What the Hell is “God’s Work,” Mr. Spitzer?

  3 January 10 • 7 comments

  New York’s Resolutions This morning, The New York Times reported New Year’s resolutions from a few prominent New Yorkers. Here’s what Eliot Spitzer had to say: I would love to see investment bankers actually do God’s work. Do we have any idea what qualifies as “God’s work?” Especially on Wall Street where everybody tries to destroy [...]

• What Does $22 Billion in Goldman Bonuses Buy?

  2 January 10 • 2 comments

  

  Iceland, at 1.32 times 2008 GDP 51 bottles of cheap vodka for every Russian, babies included 1,629,460 years of public school, K-12 400,000 gastric bypass surgeries 611,111 free passes for Irish atheists to blaspheme* Avatar tickets for everyone living in China, the United States, Indonesia, and Japan combined One week at New York’s Four Seasons [...]

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