A Shuffle of Aluminum, but to Banks, Pure Gold
How Goldman Sachs made $5 billion by controlling supply and manipulating the aluminum market.
How Goldman Sachs made $5 billion by controlling supply and manipulating the aluminum market.
David Kocieniewski New York Times Jul 2013 15min Permalink
On the dangerous state of U.K. banks—“an existential threat to British democracy, a more serious one than terrorism, either external or internal”—and how it can be fixed.
John Lanchester London Review of Books Jul 2013 25min Permalink
How Wall Street won.
Khadeeja Safdar The Atlantic May 2013 15min Permalink
How the former CEO of McKinsey, who was indicted in the largest insider trading case in United States history, got played.
Anita Raghavan New York Times Magazine May 2013 20min Permalink
A financier and his wife build a mansion in the jungles of Costa Rica, set up a wildlife preserve, and appear to slowly, steadily lose their minds. A spiral of handguns, angry locals, armed guards, uncut diamonds, abduction plots, and a bedroom blazing with 550 Tiffany lamps ends with a body and a mystery: Did John Felix Bender die by his own hand? Or did Ann Bender kill him to escape their crumbling dream?
Libor, ISDAfix, and how the big banks do business.
Matt Taibbi Rolling Stone Apr 2013 15min Permalink
A nationally respected neurologist feeds secrets to Wall Street.
Nathaniel Popper, Bill Vlasic New York Times Dec 2012 Permalink
Working within Andalusia’s impoverished farming communities, a ragtag pair of longtime union leaders have been leading raids on local supermarkets.
Jeffrey Tayler Businessweek Oct 2012 10min Permalink
JPMorgan Chase’s $6 billion mistake and the woman who took the fall.
Susan Dominus New York Times Magazine Oct 2012 20min Permalink
An assessment of the former Secretary of the Treasury.
William D. Cohan Businessweek Sep 2012 20min Permalink
How Wall Street got addicted to trading at the speed of light.
Jerry Adler Wired Sep 2012 30min Permalink
"Before I met Ayn Rand, I was a logical positivist, and accordingly, I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit. In the midst of a conversation, she said to me, “Do I understand the thrust of your position? You are not certain you exist?” I hesitated a moment, and I said, “I can’t be sure.” And she then said to me, “And who, by chance, is answering that question?” With that little exchange, she undermined the philosophical structure I had built for myself. "
Alan Greenspan, Devin Leonard, Peter Coy Businessweek Aug 2012 10min Permalink
The story of a Ponzi schemer who became the mark.
Guy Lawson New York Jul 2012 20min Permalink
“Jon Corzine had never had anything to do with the futures business, had never run a public company, and hadn’t worked on Wall Street for a decade. His time there had ended badly. But by any reasonable standard, the former Goldman chief seemed almost embarrassingly overqualified. Says Flowers: ‘It seemed like we had more CEO than company.’”
Doris Burke, Peter Elkind Fortune Jun 2012 50min Permalink
How Sherry Hunt soaked the banking giant.
Bob Ivry Bloomberg Markets Jul 2012 15min Permalink
A Yale student on why nearly a quarter of her classmates will end up working for Wall Street.
Marina Keegan The Yale Daily News Sep 2011 15min Permalink
A profile of Jamie Dimon as he became CEO of JP Morgan Chase.
Shawn Tully Fortune Mar 2006 15min Permalink
Romney’s former Bain partner makes a case for inequality.
Adam Davidson New York Times Magazine May 2012 15min Permalink
Con man turned pastor turned con man; a profile of a serial scammer and the movie he tried to make about himself.
Roger Parloff Fortune Jan 2011 35min Permalink
The Occupy Wall Street origin story.
Mattathias Schwartz New Yorker Nov 2011 25min Permalink
Who simultaneously did business with the U.S. government, the besieged Syrian regime, and the Libyan rebels last month? The group of 16 trading houses that collectively are “worth over a trillion dollars in annual revenue and control more than half the world’s freely traded commodities.”
Joshua Schneyer Reuters Oct 2011 35min Permalink
How Warren Buffett’s public image has aided his success.
As a successful investor, he merely moved markets; but as the charismatic, reassuring, quotable prototype of the honest capitalist (a sort of J. P. Morgan with a moral sense), he's capable of influencing elections, galvanizing rock-concert-size crowds, and in general defining how we Americans feel about the system that underlies our wealth.
Walter Kirn The Atlantic Nov 2004 25min Permalink
“It’s striking that for all the talk about polarization in the US, the Tea Party Movement and Occupy Wall Street are entirely non-violent. Overseas, no one expected the Arab Spring protests to be as nonviolent as they were,” Pinker wrote in an email. The threat of overwhelming reprisal from authorities may have brought some peace to seventeenth- and eighteenth-century England, but Pinker also pointed to research that, today, “nonviolent protest movements achieve their aims far more often than violent ones.” Still, the story of violence’s decline contains much violence, and America is no exception.
Christopher Watt Maisonneuve Oct 2011 15min Permalink
A profile of Elizabeth Warren.
Suzanna Andrews Vanity Fair Nov 2011 25min Permalink
On the constantly evolving definition of insider trading and the lingering question of how inside traders should be punished.
Roger Lowenstein New York Times Magazine Sep 2011 20min Permalink