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Living Large in the Big House
6/29/2009 12:00:00 AMIn the public eye, each stage of the white-collar criminal's path from boardroom to big house is attended by drama. There's the shock of being caught, the gravity of indictment, the finality of a conviction, and the satisfaction of sentencing. But the final step of the process often earns far less attention: designation, the process by which the Federal Bureau of Prisons determines where the freshly convicted serve their time.
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Grandfather of the Scam?
5/28/2009 12:00:00 AM -
BUSINESS
Greed Is Good?
3/26/2009 12:00:00 AMInstead of being greedy in the mid-eighties, screenwriter Stanley Weiser was creating America's most enduring symbol of greed: Gordon Gecko. As portrayed by Michael Douglas in "Wall Street," Gecko was an insider trader who, not unlike today's financial villains, had one underlying idea: "Greed is good." Weiser spoke with NEWSWEEK's Kurt Soller about his take on toxic assets, the reprehensibility of Bernie Madoff and, ultimately, why greed belongs in the movies—not real life. Excerpts:
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COMMENTARY
The Greater Greed
3/26/2009 12:00:00 AMThose Wall Street bonus-baggers may have been innovative enough to develop credit default swaps, but they didn't invent greed. No, that's been around as long as there have been people, and stuff to lust after.
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Dollars and Sense
3/21/2009 12:00:00 AMCome on, be honest: you never really understood most of this stuff. Not just the more complex terms, like credit swaps or derivatives, but the basic material. Compound interest. Balloon payments. You pretended. We all did. You would read about a hedge fund, and nod. You had no idea what a hedge fund did.
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