Several companies have explicit policies against cronyism, with good reason. Hiring a family member simply for a relationship can be troubling and may not necessarily serve a company's interests. But by and large, financial firms in particular commonly hire people… — Andrew Ross Sorkin Copy Share Image
The moment a large investor doesn't believe a government will pay back its debt when it says it will, a crisis of confidence could develop. Investors have scant patience for the years of good governance - politically fraught fiscal restructuring,… — Andrew Ross Sorkin Copy Share Image
As a child, I always enjoyed - my parents used to have these little cocktail parties - and I always loved trying to get… — Andrew Ross Sorkin Copy Share Image
“Everyone thinks Goldman is so fucking smart,” he railed. “Just because Goldman says this is the right valuation, you shouldn’t assume it’s correct just… — Andrew Ross Sorkin Copy Share Image
The failure of Lehman may have allowed the government to do more to prop up the economy than it otherwise could. — Andrew Ross Sorkin Copy Share Image
When you can't lend or trade - and you can't invest with the leverage that juiced returns to support seven- and eight-figure bonuses -… — Andrew Ross Sorkin Copy Share Image
Debt, we've learned, is the match that lights the fire of every crisis. Every crisis has its own set of villains - pick your… — Andrew Ross Sorkin Copy Share Image
It's the people who have an incentive to find the problem who usually find the problem. — Andrew Ross Sorkin Copy Share Image
In truth, in the fairy-tale version of bailing out Lehman, the next domino, A.I.G., would have fallen even harder. If the politics of bailing… — Andrew Ross Sorkin Copy Share Image
Some billionaires like cars, yachts and private jets. Others like newspapers. — Andrew Ross Sorkin Copy Share Image
No one suggested Lehman deserved to be saved. But the argument has been made that the crisis might have been less severe if it… — Andrew Ross Sorkin Copy Share Image
“This generation of Wall Street CEOs could be the ones to forfeit America’s trust. When the history of the Great Recession is written, they… — Andrew Ross Sorkin Copy Share Image
“There are no atheists in foxholes or ideologues in a financial crisis. Ben Bernanke” — Andrew Ross Sorkin Copy Share Image
Wall Street is littered with clever plans to use financial instruments to change behavior - carbon trading, for example. Some have changed the world,… — Andrew Ross Sorkin Copy Share Image
