In truth, Wall Street is in for a radical makeover. Fewer people, lower margins, lower risk, lower compensation - and ultimately, fewer talented people. It is likely to change the culture of an industry that for nearly a century has… — 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
