NEW YORK (AP) — He was an architect of one of the biggest tax cuts in U.S. history. He spent much of his career after politics using borrowed money to take over companies. He targeted the riskiest ones that most investors shunned — car-parts makers, textile mills.
That is one image of David Stockman, the former White House budget director who, after resigning in protest over deficit spending, made a fortune in [...]
Last week we witnessed lawyers dueling in the bankruptcy court on the details of exactly what code of law supports customer priority in liquidation of the parts of MF Global Holdings, and gosh!….is the Holdings is even a broker? Why are lawyers debating these questions at this late date?
First we’ll cover what started the fight and then move onto the genesis of why it has come to this so far [...]
Weeks after taking to the streets in Manhattan, Occupy Wall St demonstrators are camped a block from the White House. Many of them are wondering: do they have a friend inside?
While not endorsing the protests, Barack Obama and Joe Biden have expressed understanding of the movement that has spread rapidly across the country.
Mr Obama said people were angry because Wall Street had not been “following the [...]