bloomberg.com - 12/9/2008
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Dec. 9 (Bloomberg) -- Alan “Ace” Greenberg , the former Bear Stearns Cos. chief executive officer who is approaching his 61st year on Wall Street, said the investment-banking model he helped pioneer is defunct. “There’s no more Wall Street,” Greenberg, 81, said last night in an interview on ...
dealbook.blogs.nytimes.com - 12/5/2008
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dealbook.blogs.nytimes.com —
Okay, so it’s not really the last word,
but the legal case in the Supreme Court of...
New York against Bear Stearns’ officers and directors, arising out of its transaction with JPMorgan Chase, was dismissed Thursday by Judge Herman Cahn. As you may ...
(more)
The Last Word on Bear Stearns
dealbook.blogs.nytimes.com - 12/11/2008
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dealbook.blogs.nytimes.com —
Meet the new Big Three. And they’ve already
received their federal bailout money. We are of course...
referring to the Big Three of investment banking: JPMorgan Chase, Bank of America and Goldman Sachs. In a report released Wednesday, Greenwich ...
(more)
The Big Three for ‘Wall St.’s New World ...
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Opening Bell: 12.09.08
Dealbreaker —
Wall Street Is No More (Bloomberg)
""There's no more Wall Street," Greenberg, 81, said last night in an interview on Bloomberg's "Money & Politics" television program. "That model just doesn't work because it's at the mercy of rumors.""
This is how cultures of fear are run: rumors are news because the worst is thought to be the only thing that can happen. Fear permeates everything from our love lives to corporate transactions these days - you can't move but for being straddled with it. So, not only is trust completely out the window - but so ...
The Wednesday Funny and Money Daily Links
MadeMan.com —
[image] I used to have my Series 7 and Series 3 and I still can't figure out why any small investor would buy a T-Bill that is offering negative interest. I get the security part but isn't there another safe way to invest a few million dollars? Study shows that people that are financially rewarded for good performance were most likely to cheat. Those who were penalized for poor performance also cheated but they also were most likely to steal the pens The LifeStyles of the Not-So-Rich Anymore I call Bullshit on this "Wall Street Is No More" quote from Alan Greenberg, the former Bear Sterns CEO. It will be alive and well in due time but ...
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