Forbes logo Forbes 1 month ago

How Wall Street Collapsed-- The Last Time

"Sometimes our technology, in creating these securities, outpaces our ability to cope with them." That's what Larry Fink told the New York Times in May 1987 when asked about Howie Rubin's trading disaster. Full Article at Forbes

Related Topics:

  1. Merrill Lynch
  2. Tony James
  3. BlackRock, Inc.

Related Articles

  1. Minneapolis Star Tribune logo
    Target has one fewer Ulrich
    1 month ago

    Target vice president Curtis Ulrich, son of former CEO Robert Ulrich, is no longer with the company. Full Article at Minneapolis Star Tribune

  2. Des Moines Register logo
    Wars and bailouts cost a lot of money
    1 month ago

    The Register is right to be concerned about the federal budget deficit. We cannot afford it. The Register is wrong to blame the debt on health care, retirement benefits for seniors and energy-efficiency programs. Full Article at Des Moines Register

  3. Reuters logo
    UPDATE 1-Blackstone COO expects capital shift away from US
    1 month ago

    * Foresees shift of capital pools away from U.S. * BlackRock's Fink says markets are still healing NEW YORK, Oct 28 (Reuters) - Blackstone Group's (BX.N) COO Tony James said on Wednesday he foresees a gradual shift in the coming years of capital... Full Article at Reuters

  4. Smartmoney.com logo
    SmartMoney's 2009 Power 30: Finance and Wall Street
    1 month ago

    It was one thing to take a big investment from Warren Buffett in the heat of the financial meltdown, but Uncle Sam? Better to keep him at a distance. Full Article at Smartmoney.com

View all Related Articles »

Related Quotes

  1. Alas, we are not manufactured, in our current edition of the human race, to understand abstract matters--we need context
    SOURCE: Forbes 1 month ago
  2. I'm no longer employed at Target
    SOURCE: Minneapolis Star Tribune 1 month ago
  3. I think we're on a verge of a shift, which will be gradual -- not overnight or two years from now -- where the big capital pools shift away from America, to Asia, the Middle East, Australia and even Latin America
    View articles, topics, and photos related to this quote – Tony James SOURCE: Reuters 1 month ago
  4. America has had its issues in the last 18 months -- but it also has had one hell of a ten-year run in productivity
    View articles, topics, and photos related to this quote – Tony James SOURCE: Reuters 1 month ago
View all Related Quotes »
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  1. Participants stand along the street after finishing the 10th annual Santa Speedo Run in Boston, Massachusetts December 12, 2009. Proceeds from the 1.25 mile through Boston's Back Bay run will benefit local charities.
  2. NEW YORK - DECEMBER 06: Dan Craig, the Facilities Operations Manager for the National Hockey League poses outside the Winter Classic truck that contains the ice-making equipment for the Winter Classic taking place in Boston on New Years Day 2010, as the truck was parked at Rockefeller Center aft...
  3. A staff attends to a customer at a branch of CIMB Bank in Kuala Lumpur December 8, 2009. The success of Malaysia's CIMB Group to win the biggest deals in Southeast Asia could stutter over its lack of a global network, which may see it collaborating with Wall Street banks rather than take them on.
  4. NEW YORK - NOVEMBER 30: Photos are displayed during the FOEDUS USA Foundation's A Journey to La Dolce Vita at The Setai Wall Street on November 30, 2009 in New York City.
  5. NEW YORK - NOVEMBER 30: Actors Brooke Shields, Anthony Mackie, Jeremy Renner and Brian Geraghty pose backstage at IFP's 19th Annual Gotham Independent Film Awards at Cipriani, Wall Street on November 30, 2009 in New York City.
  6. NEW YORK - NOVEMBER 30: Directors Donal Mosher and Michael Palmieri attend IFP's 19th Annual Gotham Independent Film Awards at Cipriani, Wall Street on November 30, 2009 in New York City.
  7. NEW YORK - NOVEMBER 30: Actors Stanley Tucci and Natalie Portman attend IFP's 19th Annual Gotham Independent Film Awards at Cipriani, Wall Street on November 30, 2009 in New York City.
  8. NEW YORK - NOVEMBER 30: Director Jim Sheridan speaks onstage at IFP's 19th Annual Gotham Independent Film Awards at Cipriani, Wall Street on November 30, 2009 in New York City.

Cast of Characters

  1. Merrill Lynch Merrill Lynch
  2. See stories, photos, and quotes about Tony James Tony James
  3. BlackRock, Inc. BlackRock, Inc.
  4. Massachusetts Institute of Technology Massachusetts Institute of Technology
  5. New York Times Company New York Times Company
  6. See stories, photos, and quotes about Bruce Wasserstein Bruce Wasserstein