Hedge Fund Dominoes
Allan Dodds Frank is a business investigative correspondent who specializes in white collar crime. He also is President of the Overseas Press Club of America, one of the many journalism organizations that protests the arrests of journalists abroad and repression of freedom of speech.
Friday's insider-trading charges against a hedge-fund titan could be the tip of the iceberg, writes Allan Dodds Frank. Other hedge funds and the McKinsey consulting firm face scrutiny.
Auletta and Cohan Discuss Greed and Geithner
The Daily Beast is dedicated to news and commentary, culture, and entertainment. We carefully curate the web’s most essential stories and bring you original must-reads from our talented contributors.
In 1985, Ken Auletta wrote a financial classic, Greed and Glory on Wall Street. Now, William Cohan has written another, House of Cards. In a freewheeling discussion on the economic crisis, the authors pin blame, reveal lessons and pull back the curtains on some of Wall Street's most important characters.
Bernie's Little Helper Gets Nailed
Paul Kedrosky is the editor of the business blog Infectious Greed. He's a senior fellow at the Kauffman Foundation, where he is focused on entrepreneurship, innovation, and the future of risk capital. He is also a strategist with Ten Asset Management, a Southern California institutional-money-management firm.
Ezra Merkin, sued yesterday for sending millions of clients' money to Madoff, was in an even better position to uncover the scheme than the feds. So why didn't he?
Madoff's Houdini Syndrome
News Shrink
Despite his yacht and penthouse, Bernard Madoff wasn't in it for money. The Daily Beast's News Shrink on what Wall Street's biggest fraudster shares with the world's greatest magician.
The Money Trail
Beast Wire
Rahm Emanuel is catching heat for his payday at Freddie Mac, one of the originators of the meltdown. It's a reminder that the pols condemning the bonus payouts were themselves handsomely rewarded while failing to blow the whistle on the money men.
Lloyd Grove is editor at large for The Daily Beast. He is also a frequent contributor to New York magazine and was a contributing editor for Condé Nast Portfolio. He wrote a gossip column for the New York Daily News from 2003 to 2006. Prior to that, he wrote the Reliable Source column for the Washington Post, where he spent 23 years covering politics, the media, and other subjects.
The Daily Beast Video curates the most essential and entertaining video, and brings you original and exclusive productions from our talented contributors.
Peter Beinart, senior political writer for The Daily Beast, is a professor of journalism and political science at City University of New York and a senior fellow at the New America Foundation.
Gerald Posner is The Daily Beast's Chief Investigative Reporter. He's the award-winning author of 10 investigative nonfiction bestsellers, ranging from political assassinations, to Nazi war criminals, to 9/11, to terrorism. His latest book, Miami Babylon: Crime, Wealth and Power—A Dispatch from the Beach, was published in October. He lives in Miami Beach with his wife, the author Trisha Posner.
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