Prosecutors Fumble Wall Street Probes
Charles Gasparino is CNBC's On-Air Editor and appears as a daily member of CNBC's ensemble. He is a columnist for the Daily Beast and a frequent contributor to the New York Post, Forbes, and other publications. His forthcoming book about the financial crisis, The Sellout, is scheduled to be published later in 2009.
Are two measly Bear Stearns hedge-fund managers the only "culprits" likely to go to jail over the financial meltdown? Charlie Gasparino on the strange lack of interest in prosecuting Wall Street.
The Bear Stearns Lucky Bastards
William D. Cohan, a former senior-level M&A banker on Wall Street, is the author of The Last Tycoons: The Secret History of Lazard Freres & Co, and his new best seller House of Cards: A Tale of Hubris and Wretched Excess on Wall Street.
Thanks to a top-secret settlement, a small group of Bear Stearns investors is getting back every cent they lost. The Daily Beast's William D. Cohan on who's pocketing $1 million checks-and why Wall Street is furious.
Even the Smart Guys Don’t Understand the Meltdown
David Rothkopf is a visiting scholar at the Carnegie Endowment for International Peace and author of Superclass: The Global Power Elite and the World They Are Making. He served as a senior economic official in the Clinton administration.
Is the banking bailout a genuine cure or an empty ritual?
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.
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.
Martin Jacques is the cofounder of the UK think tank Demos, writes a regular column for The Guardian, and is a visiting research fellow at the London School of Economics Asia Research Centre. His new book, When China Rules the World, is available now.
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