Steve Lohr
New York Times
November 23, 2008
Kiyoshi Ito, a mathematician whose innovative models of random motion are used today in fields as diverse as finance and biology, died Nov. 17 at a hospital in Kyoto, Japan. He was 93.
Full article ...
Monday, November 24, 2008
Sunday, November 23, 2008
Citigroup Saw No Red Flags Even as It Made Bolder Bets
Eric Dash and Julie Creswell
New York Times
November 22, 2008
“Our job is to set a tone at the top to incent people to do the right thing and to set up safety nets to catch people who make mistakes or do the wrong thing and correct those as quickly as possible. And it is working. It is working.”
Charles O. Prince III, Citigroup’s chief executive, in 2006
In September 2007, with Wall Street confronting a crisis caused by too many souring mortgages, Citigroup executives gathered in a wood-paneled library to assess their own well-being.
Full article ...
New York Times
November 22, 2008
“Our job is to set a tone at the top to incent people to do the right thing and to set up safety nets to catch people who make mistakes or do the wrong thing and correct those as quickly as possible. And it is working. It is working.”
Charles O. Prince III, Citigroup’s chief executive, in 2006
In September 2007, with Wall Street confronting a crisis caused by too many souring mortgages, Citigroup executives gathered in a wood-paneled library to assess their own well-being.
Full article ...
Tuesday, November 18, 2008
What Crisis? Some Hedge Funds Gain
Louise Story
New York Times
November 9, 2008
Bernard V. Drury is a rarity on Wall Street: a hedge fund manager who is making money rather than losing it. While most hedge funds are sinking into red this year and unsettling the markets in the process, a handful of them are posting spectacular gains. Mr. Drury’s fund, for instance, is up 60 percent since Jan. 1.
Full article ...
New York Times
November 9, 2008
Bernard V. Drury is a rarity on Wall Street: a hedge fund manager who is making money rather than losing it. While most hedge funds are sinking into red this year and unsettling the markets in the process, a handful of them are posting spectacular gains. Mr. Drury’s fund, for instance, is up 60 percent since Jan. 1.
Full article ...
Friday, November 14, 2008
10 Weeks of Financial Turmoil
New York Times | Business
September 27, 2008
A look at the recent events that shook the world's financial system.
Video ...
September 27, 2008
A look at the recent events that shook the world's financial system.
Video ...
Hedge Fund Managers Ask for a Few New Rules
Louise Story
New York Times
November 13, 2008
Full article ...
New York Times
November 13, 2008
WASHINGTON — A House of Representatives committee room was transformed into a club for billionaires for a few hours on Thursday, as five of the richest men in the world testified on the role of hedge funds in financial markets.
Full article ...
Wednesday, November 12, 2008
365: Another Frightening Show About the Economy
Ira Glass
This American Life / NPR
October 3, 2008
Audio ...
This American Life / NPR
October 3, 2008
Alex Blumberg and NPR's Adam Davidson—the two guys who reported our Giant Pool of Money episode—are back, in collaboration with the Planet Money podcast. They'll explain what happened this week, including what regulators could've done to prevent this financial crisis from happening in the first place. You can learn more about the daily ins and outs and join the discussion on the Planet Money blog.
Audio ...
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