Bull by the Horns is the story of financial calamity seen from the perspective of this public servant, rendered from detailed notes. We learn with whom she met, what was said, what decisions taken, and how things turned out. She begins with the battles over deregulation of the banks (Basel II), with the gathering sub-prime storm, and proceeds through the disaster: WaMu, Wachovia, Citigroup, Bank of America, AIG, Citigroup again. And then the battles of the aftermath, over among other things Dodd-Frank, Basel III and the robosigning frauds. This is a book for aficionados of infuriating detail.
|By: BevW Sunday November 18, 2012 1:59 pm|
|By: David Dayen Monday November 12, 2012 2:35 pm|
If anyone deserves a $6.7 million bonus, it’s the CEO who squandered 88% of his company’s stock value.
|By: David Dayen Tuesday October 16, 2012 8:15 am|
Vikram Pandit, the CEO of Citigroup, who presided over some of the worst years in the history of the bank, abruptly stepped down today. He will be replaced by longtime Citi executive Michael Corbat. Here’s Pandit’s statement.
|By: emptywheel Saturday December 4, 2010 7:45 am|
The list of statements of support for the Korea Trade Agreement the White House sent out last night tells you a lot about what you need to know about the trade agreement. Among others on the list are Tom Donohue, whose laundering of foreign money into election coffers had a significant role in the shellacking Democrats took in November.
|By: Jane Hamsher Saturday December 4, 2010 7:40 am|
Jamie Dimon, Vikram Pandit, Tom Donohue, Barack Obama, and the UAW: goodbye, US jobs! The official White House press release on the NAFTA-style Korea Free Trade