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Thursday, February 11, 2010

World's Most Powerful Billionaires


Many wealthy candidates have used blind trusts to quell conflict of interest concerns, including the world's most powerful billionaire, Michael Bloomberg. As Mayor of New York City, Bloomberg lords over the media, finance and fashion capital of the U.S.--and arguably the world. Mayor Mike also owns 88% of news and data giant Bloomberg LP. Forbes estimates his fortune at $17.5 million.

Wednesday, February 10, 2010

Ever Again Trust Wall Street?


Consider Philip Eberlin, 56 years old, who runs a woodwork-restoration business in Chicago Heights, Ill. Trading hot stocks a decade ago, Mr. Eberlin got burned on picks like Krispy Kreme and Tyco. In 2007 he got back into stocks, only to take another hit.

Thursday, October 15, 2009

Bernie ‘The Brusier’ Madoff wins prison yard fight


Convicted $50 billion con-man Bernard Madoff got into a 'pushing match' with a fellow senior prisoner...and won....

Source: www.foxnews.com

Wednesday, September 30, 2009

Experian's Don Robert expects bank takeovers and more rules


Don Robert, chief executive of Experian, is surprised by the very public understanding of the link between bonds and retail credit...

Source: www.telegraph.co.uk

Tuesday, September 29, 2009

Deep Within Citi, the Death of Salomon


We have bid goodbye to Bear Stearns, Lehman Brothers and Merrill Lynch. Today it is time to offer a final farewell to a hidden Wall Street institution at the center of the financial crisis: Salomon Brothers.

Source: www.wsj.com