By Pete Kotz
On July 11, 2008, the price of oil rose to $147 per barrel, a record high. Gas stations engaged in hot pursuit as the price of a gallon rocketed past $4. All hell was about to break loose.
The country's largest banks had already begun to implode through arrogance and ineptitude. Now t ... More >>
Kerry TribeWelcome to the future, New York.The Neiman Journalism Lab at Harvard is running a nice 2011-ending series on what the next year will look like for journalism, by an esteemed fleet of think-piecers who've braved this rocky field for the last few.
You've got plenty of your usual far ... More >>
Photo by Ted SoquiEzri NamvarEzri Namvar, the so-called "Madoff of Beverly Hills," could face a decade in prison at his sentencing next month.Namvar, 60, was a prominent banker and real estate investor in L.A.'s Iranian Jewish community. When the real estate bubble burst in 2008, he was forced in ... More >>
BY MARC COOPER
Let's see Lehman Brothers goes bust, Merrill Lynch auctions itself off to B of A, WaMu circles the drain along with countless other banks, Wall Street itself is in the balance and with it the entire global economy teeters on the abyss. Other than that...
Alan Greenspan, former Fed C ... More >>