Meredith Whitney Is Not ‘That Great,’ Okay?“Before we douse her with more champagne, put her on TV with Charlie Rose and hand over the keys to the Treasury Department, it might be worth taking another look at what really happened.”
Falling DollarsEverything that happened last week, in case you weren’t paying attention.
Billionaires Have Bad Days, TooCarl Icahn is struggling with various projects, Sharon Waxman becomes the latest media lady to start a news-aggregation Website, and — it’s official! — most City Council members pay less rent than you do, in our daily roundup of finance, media, real-estate and entertainment news.
Jimmy Cayne Almost Died Trying to Save Bear StearnsBut he’s okay! Even if Bear is not. The 73-year-old former Bear Stearns CEO talks about his near-death experience, how he did not smoke pot with that woman (not in a bathroom, anyway), and how he became “roadkill” on the brink of the firm’s collapse, all in an epic interview with ‘Fortune.’
Chairman Cox Bans Naked Short-SellingHeh. Naked short selling. Sounds like something a frat boy would do, right? Well … it sort of is. Read all about the SEC’s bold move to crack down on market manipulators and more, in our daily roundup of finance, media, law, and real-estate news.
The Donald Will Go OnDonald Trump is strong and solid, like a freight ship battered by stormy seas. Meanwhile, Angelo Mozilo of Countrywide and Don Imus are riding around on rickety catamarans. All that and more metaphors in our daily roundup of real-estate, law, media and finance news.
Tom Wolfe Still Making Sweeping, Mostly True GeneralizationsThe writer predicts “the end of capitalism,” and may be right; Ariana Huffington talks about her beef with Tim Russert; and a Manhattan lawyer does due diligence with the Other Side, all in our daily rundown of weird, wonderful finance, media, law and real-estate news.
‘Martha Wanted to Wash and Blow-dry the Chickens’Martha disrupts plans to make her seem like less of a perfectionist, Bear Stearns CEO Jimmy Cayne may face arrest (he’d better hide his stash!), and the FBI is slapping anyone who’s ever said the word “mortgage” with criminal charges, in our daily roundup of media, finance, real-estate and law news.
Bear Stearns Managers ArrestedMatthew Tannin and Ralph Cioffi, former hedge-fund managers at the former Bear Stearns, were taken into custody this morning for telling investors everything was fine with their funds, while privately admitting they were “toast.”
Wall Street’s Week of ReckoningAIG’s Martin Sullivan is out, and everyone else is waiting for the ax to fall. Plus! Former ‘NYT’ editor Howell Raines picks on Poynter blogger Jim Romenesko, a Central Park West penthouse goes on the market for $80 million, and more, all in our daily roundup of finance, media, real-estate and law news.
Ex–Martha Stewart CEO Is Out and LunchingRecently freed Martha CEO Susan Lyne may have a gig lined up already, Realtors claim the ‘Sex and the City’ movie has done for property what the show did for shoes, and New York judges finally get a pay raise, in today’s roundup of media, real-estate, law, and finance news.