The Secretary of Homeland Security says it's not a coordinated cyberattack—just one hell of a weird day.
The Goldman Sachs alum, was once what Wall Street calls a "big swinging dick." But two years after going to authorities with what he claims to be one of the largest heists in Wall Street history, he was practically blackballed.
The Mafia has always profited from economic crisis. Recessions fill up the mob's coffers and boost its social standing. In fact crime is one of the few sectors of the economy that thrive in moments of financial decline.
Whether you know it or not, your 401(k) is likely being devoured by marketing fees, investment-management fees, administrative fees, and broker commissions—along with trading fees that pass on to you every time a mutual fund buys or sells a security.
Today, foreign policy is enacted through corporations. Tasks that once would have been the sole province of the CIA or the military are routinely contracted out to firms listed on the New York Stock Exchange.
Wall Street can therefore seem like a very private club. But in fact anyone can participate; the barriers to entry are as much linguistic as they are financial. With that in mind, here's a primer on the A to Z of the financial multiverse.
The infamous AIG bonus controversy of 2009 was a rare moment when everyone in America was angry about the same thing. Today, thanks to a lawsuit being argued in Washington, we now know how comprehensively we were duped.