Geithner Paid AIG Counterparties in Full Because He ‘Lacked Leverage’ With Banks
To which TARP inspector general Neil Barofsky says: "Hello, you're their regulator. THAT'S your leverage."
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To which TARP inspector general Neil Barofsky says: "Hello, you're their regulator. THAT'S your leverage."
They're looking for e-mail records about mortgage-backed securities.
The credit trader, who lost $1 billion last year, will move seamlessly into a new job.
The scourge of Times Square is getting his own reality-TV show. Meanwhile, a Cadwalader partner sues over the mold in his Hamptons house, and the ‘Times’ thinks we care too much about people’s personal lives (can’t imagine why), and more, in our daily roundup of industry news.
No, not in the Damian Hirst sense, though that would be amazing: The art-loving SAC Capital Management CEO could have some problems with the SEC if he's not careful. Plus! An ex–Bear CEO jumps ship at JPMorgan, Natalie Portman's apartment goes on the block, and Condé Nast has a green issue, in our daily rundown of industry news.
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