As I read Bernard Condon and Nathan Vardi’s fascinating recent article in Forbes, it would seem that Harvard and Lehman had rather similar investment philosophies - and ended up with similar results. Harvard, in its search for ever higher returns and a conviction that the good times would roll for...

The markets are dropping, the sky is falling, Bobby Jindal is about to take over America. The King of Antigua just raided your trust fund and Lehman is still the best job on Wall Street and it already went under. Welcome to the Brave New World of Ivy League Poverty, in which the value of silver-spoo...

The "best little whorehouse on Wall Street": Busted Manhattan madam Kristin Davis who's said to be writing a tell all book, is starting to open up. She's let the folks at 20/20 have a peek at a computerized high profile......

The chaotic situation in the financial sector is creating a branding headache for banks' marketers. My wife comes from Tasmania, a weird and wonderful island off the southern tip of Australia. It has some of the slackest planning provisions in the Southern Hemisphere. As a result, when her friends t...

Dick Fuld is in the news again — this time for selling a $14 million Florida house to his wife for $100. No one is quite sure why he felt he needed to do this, but some are speculating that he may be trying to hide assets from Lehman Brothers shareholders in case they are getting ready to sue ...

Suddenly, everyone’s discovered that Paulson’s original thrust—to use TARP to buy “toxic� assets off bank balance sheets—was right, and that the subsequent tack—to use TARP money to bolster bank capital accounts—was wrong. Everyone has also seen the light with regard to Lehman: that ...

If you thought "buying" a $13,300,000 manse for $100 was a good deal then get a load of this: “This is not a true sale,� said Laurie Delong, a customer service representative in the Martin County assessor’s office. “[Fuld] more than likely quit-claimed this property over to her. That’s an ...

Former Lehman Brothers CEO Dick Fuld has sold his $13,300,000 Florida mansion. ...to his wife for $100. Notes the NYT: It is possible that he is now transferring properties because of his fears of investor lawsuits or a possible bankruptcy, lawyers in Florida said. “This is the oldest trick in the...

Fishy, fishy, fishy: Sounds like former Lehman Brothers CEO Dick Fuld is trying to get what assets he can out of the way of those lawsuits that he's facing which could cost him big time. He's sold his $13.75 million......

I want to grind my teeth every time I think about the U.S. government bailing out banks, but this Washington Post article says the thing has worked: Sure, you can question how the money was used — many of us have — but you can’t quarrel with the fact that a financial meltdown has b...