Like a terrorist in a horror film, Wall Street thrives on threats. Three short years ago, Wall Street was virtually bankrupt, a ward of the state. We could have jailed “just one” of them back then, when they were down for the count. Instead, we bailed them out! Made them richer. Gave them $13.7 trillion, [...]

Executive Summary: There is strong evidence that Henry “Hank” Paulson (former Goldman-Sachs CEO and, more recently, United States Treasury Secretary) took some initiative in the case of Lehman Brothers (the downfall of which is discussed extensively in Wall Street’s Naked Swindle at RollingStone.com) and rigging the game to the advantage of Goldman Sachs (a direct [...]

Kappa Beta Phi’s membership remains a roster of Wall Street power brokers past and present, including New York Mayor Michael Bloomberg and New Jersey Gov. Jon Corzine, two more no-shows at this year’s dinner. Mary Schapiro, President-elect Barack Obama’s nominee to head the Securities and Exchange Commission, is also a member, as is former Goldman [...]