When times are good in financial markets, we’re willing to convince ourselves that they’re good for a reason. The fundamentals are great, the experts tell us
Riding the Waves of Irrational Behavior
Tag Archives: merrill
China only trails U.S. in billionaires
China ranks second only to the United States in the number of billionaires, according to an annual report of the 1,000 richest people in the country. The Hurun Rich List counted 130 billionaires in China this year, up from 101 a year ago and none in 2003.
The Waterboarding Of Ken Lewis
Coercion and the use of force have been part of the American character since settlers started moving West at the end of the 18th Century.
Bank of America’s CEO is subpoenaed
Bank of America CEO and Chairman Kenneth Lewis has been issued a subpoena by the New York State Attorney General’s Office, which is investigating whether the bank violated state law by withholding information from investors, a source familiar with the investigation told CNN. Attorney General Andrew Cuomo has been highly critical of Wall Street firms in general and Merrill Lynch in particular for the way they have conducted themselves in the midst of a financial crisis.