Article: Financial Finger-Pointing Turns to Regulators

Article - Media

Financial Finger-Pointing Turns to Regulators

Louise Story, Gretchen Morgenson

New York Times, 22 November 2011

In the whodunit of the financial crisis, Wall Street executives have pointed the blame at all kinds of parties — consumers who lied on their mortgage applications, investors who demanded access to risky mortgage bonds, and policy makers who kept interest rates low and failed to predict a housing market collapse.

But a new defense has been mounted by a bank executive: my regulator told me to do it.

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Article: Banks Fear Next Move by Shorts

Article - Media

Banks Fear Next Move by Shorts

Louise Story

The New York Times, 14 September 2008

In May, David Einhorn, one of the most vocal short-sellers on Wall Street, made no secret he was betting against Lehman Brothers.

Now, some investors are afraid that fund managers like him will take advantage of the climate of fear stirred up by the troubles of Lehman to target other weak financial firms whose declining share price would bring them rich rewards.

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