Recent Blog Posts
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The $4.5 Billion Dollar Bank Run
Nov 07 201111:20 am EDT -
The Times' Rorshach Geithner Story
Apr 27 20099:26 am EDT -
Sinking Animal Spirits
Apr 27 20098:45 am EDT -
Counter-cyclical Urban Policy
Apr 26 200910:00 am EDT -
Be Your Own Counterfeiter
Apr 26 20099:36 am EDT -
Being Tim Geithner
Apr 25 200912:37 pm EDT -
Notes From a Press Conference Naif
Apr 25 20099:41 am EDT -
What Good is the News?
Apr 25 20098:32 am EDT -
Stressful Enough
Apr 24 20092:29 pm EDT -
Not Regretting the Pound
Apr 24 20091:09 pm EDT
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Goldman Wealth Datapoint of the Day
Truly the recession is biting:
One former Goldman partner estimated that a quarter of the bank's roughly 100 partners are now worth $5 million or less because of losses on their company stock and other investments.
The good news is that Goldman is letting them borrow money against their future income, which is going to be substantial, even if it doesn't ever regain the giddy heights of the past few years. But still, less than $5 million? There are lawyers who are worth more than that!
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