The Bet That Blew Up Wall Street, Steve Kroft On Credit Default Swaps And Their Central Role In The Unfolding Economic Crisis – CBS News: “The Bet That Blew Up Wall Street” (CBS) The world’s financial system teetered on the
BYE-BYE, BOATIE: ICAHN SETS SALE FOR HIS YACHT – New York Post
BYE-BYE, BOATIE: ICAHN SETS SALE FOR HIS YACHT – New York PostIn choppy financial seas, even billionaires are unloading their prized but pricey toys. Despite making a mint on his ImClone holdings, hedge-fund billionaire Carl Icahn is selling his beloved
The Worst Trading Day Since the Sept. 11 Terrorist Attacks
via The New York TimesThe churn of a rapidly changing financial landscape left Wall Street cold on Monday, as a late afternoon sell-off sent the stock market to its worst daily loss in seven years. The blue-chip index spent the
Hedge Fund Glory Days Fading Fast
DealBook Making millions — or even a few billion — by managing a hedge fund has been a running dream on Wall Street in recent years. But, The New York Times’s Louise Story writes, suddenly even the masters of this