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WAPO on AIG III

…well in marketing the credit-default swaps to Wall Street, and was getting a promotion. He would now report to Cassano directly on other strategic projects. Park …was worried about the…

Job losses more than in auto industry

rdan NYT reports: With its losses mounting, Wall Street is cutting jobs faster — and deeper — than even pessimists had feared… In one the largest single rounds of layoffs…

Limiting executive pay after bailouts

…include compensation limits in the recently passed Wall Street bailout measure. Are the limits a good idea? Maybe. Will it work? If history is any guide, probably not. In dollar…

Boom goes the Bull

Wall Street. The outrageous bonuses, the slender returns to shareholders, the never-ending scandals, the bursting of the internet bubble, the crisis following the collapse of Long-Term Capital Management: Over and…

Bonuses are 10% of bailout

The Guardian reports: Financial workers at Wall Street’s top banks are to receive pay deals worth more than $70bn (£40bn), a substantial proportion of which is expected to be paid…

Well Functioning Markets now, but not the last few years

…banks were having their most profitable year ever and the geniuses on Wall Street were making enormous bonuses. The profits were being generated by effectively buying, packaging, repackaging, and selling…

The WSJ editorial page slams…John McCain

…for a commission to “find out what went wrong” on Wall Street. It was an excellent suggestion: Public inquiries into Wall Street practices served the country well in the 1930s….

Working class

The war on the working class* continues unabated By Kathy G. Proving once again why the Wall Street Journal should be required reading for all good lefties, today the paper…