Larry Fink, the BlackRock CEO who has found himself playing a central role in our recent financial tumult time and again, gave a speech today at a conference put on by NYU’s Schack Institute of Real Estate. It was a pretty good speech, so even though I’m getting around to it late in the day, [...]
The signature moment of today’s long House committee hearing on hedge funds came deep in the Q&A. Massachusetts Democrat John Tierney looked at hedge fund manager John Paulson, who earlier had offered some pointed suggestions on how Treasury Secretary Hank Paulson ought to be using the $700 billion Troubled Asset Relief Program, and said, “I’m [...]
Yesterday was Hank Paulson Day. Today it’s John Paulson’s turn. The hedge fund manager, who took home a $3.7 billion paycheck last year by betting on the mortgage bust, is one of several hedgie bigwigs testifying before Henry Waxman’s Committee and Oversight and Government Reform. They’re only just getting to the Q&A, but I loved [...]
My column in the soon-to-be-on-newsstands TIME, which isn’t online yet, is about fiscal stimulus. So is Joe Klein’s column, which is online. It’s stimulus week! Anyway, one stimulus idea that I didn’t get to, but really like, was one proposed by Alan Blinder last summer, Cash for Clunkers. Wrote Blinder: Cash for Clunkers is a [...]
