Walters Says Greenspan Always Gave Bad AdviceFINANCE
• Alan Greenspan’s old flame Barbara Walters complained the G-man never gave good advice, insisting back in the seventies that she avoid an apartment on Fifth Avenue because it was a “bad investment.” [NYP]
• Henry Kravis got a little egg on his face thanks to the collapse of the $8 billion Harman buyout. Steve Schwarzman gets bragging rights or an excuse to back out of his own impossibly huge deals. [Deal Journal/WSJ]
• With computers taking over, the NYSE plans to cut the trading floor down by half from its historic high. The famous Main Room and “the Garage,” opened in 1903 and 1922 respectively, will remain open. [NYT]