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BACK TO: The End

What a Swell Party

The era that defined our working lives is over. And that's not entirely a bad thing. Here, a look back. (Also, view an interactive feature on the new order of power in the finance business.)
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Foreclosure
1.  1985
The failure of Home State Savings Bank marks the start of the savings-and-loan crisis, in which 747 banks would go bellyup.
 
Ivan
2.  1986
Wall Street trader Ivan Boesky is convicted of insider trading, marking the first such financial prosecution in U.S. history.
 
­Rudolph
3.  1986
U.S. attorney ­Rudolph Giuliani makes a name for himself by prosecuting corporate crime cases against some major Wall Street bigwigs.  
Rudolph
4.  1987
Last Trade:Change:
Industry:
Finance
Primary executive:
Lloyd C. Blankfein,
Summary:
A bank holding company, which operates as a global investment banking, securities and investment management firm. It provides … View More
Executives from Goldman Sachs and Kidder Peabody are hauled before cameras in cuffs in a Giuliani-launched insider-trading investigation.
 
Bonfire
5.  1987
Tom Wolfe’s The Bonfire of the Vanities, a novel about a bond trader and his milieu, is published. “Masters of the Universe” enters the lexicon.
 

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