If Wall Street Repents, Can Main Street Forgive?
Jacki Zehner is the President of the Jacquelyn and Gregory Zehner Family Foundation and a Founding Partner of Circle Financial Group. She blogs at www.pursepundit.blogspot.com.
The Rev. Dr. Katharine Rhodes Henderson is the President of Auburn Theological Seminary in New York City, an institute for religious leadership, founded in 1818 with a history of commitment to progressive social causes from abolition of slavery to women's rights. She blogs at newsweek.washingtonpost.com/onfaith.
After a minister, a seminary president, and a former Goldman Sachs partner suggested in The Daily Beast that Goldman create a fund to invest in small businesses, the firm did just that. But now they say the Wall Street behemoth's path to redemption has just begun.
Wall Street's Grinch Speaks
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.
With bonus season beginning, Charlie Gasparino talks to pay czar Kenneth Feinberg about limiting executive compensation, how Congress will manage risk, and why CEOs are scared.
Can Goldman Find God?
Jacki Zehner is the President of the Jacquelyn and Gregory Zehner Family Foundation and a Founding Partner of Circle Financial Group. She blogs at www.pursepundit.blogspot.com.
The Rev. Dr. Katharine Rhodes Henderson is the President of Auburn Theological Seminary in New York City, an institute for religious leadership, founded in 1818 with a history of commitment to progressive social causes from abolition of slavery to women's rights. She blogs at newsweek.washingtonpost.com/onfaith.
Lloyd Blankfein says Goldman Sachs is "doing God's work." Is it? A former Goldman partner, a minister, and seminary president have an biblically ambitious plan to help the company do just that.
The Real Bailout Hero
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.
The battle to prevent a full-blown economic meltdown produced an unlikely savior, Tim Geithner, according to a new account. Andrew Ross Sorkin talks about his new book, and the behind-the-scenes scramble to save Wall Street.
Goldman Strikes Gold Again
Nomi Prins is author of It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street (Wiley, September, 2009). Before becoming a journalist, she worked on Wall Street as a managing director at Goldman Sachs, and running the international analytics group at Bear Stearns in London.
This morning Goldman Sachs posted near-record trading profits and bonuses. But behind the giddy numbers, Nomi Prins argues, are signs that the bank hasn't learned any lessons from the downturn.
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.
Lee Siegel has written about culture and politics and is the author of three books: Falling Upwards: Essays in Defense of the Imagination; Not Remotely Controlled: Notes on Television; and, most recently, Against the Machine: Being Human in the Age of the Electronic Mob. In 2002, he received a National Magazine Award for reviews and criticism.
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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