Easy Street: April 14
Easy Street is Marketplace’s lunchtime roundup of the most interesting news stories and commentary about Wall Street, Washington and the world beyond.
Revisiting 2008 (An Occasional Series)
Senator Carl Levin, a Michigan Democrat, released a 640-page report lashing out at Goldman Sachs.
Related: Levin’s 19 recommendations for fixing everything that’s broken in us.
Related: Gregg Lippmann, the Deutsche Bank trader who bet against the housing market and created the “I’m short your house” meme, wrote a rap about it all. As you do.
Related: John Paulson, who made billions by betting against the housing market, thinks it still has further to fall. He believes gold will rise. Business Insider has highlights from his interview with Les Echos.
Twitter’s forgotten co-founder: Noah Glass invented the name and concept of Twitter, then dropped off the face of the earth. Business Insider’s Nicholas Carlson catches up with him.
Glencore: The commodities investing firm is going ahead with its giant IPO even as Goldman Sachs tells investors to flee commodities as fast as their little margins can take them.
Chip Skowron: The FrontPoint Partners portfolio manager is up on insider trading charges for finding out information on newfangled drugs. But his method of paying his informant was decidedly old-fashioned.
The Washington Matrix
Elizabeth Warren: She may be winning the political war of regulatory attrition. She may indeed be named to head the new Consumer Financial Protection Bureau, as opposed to just ghost-heading it, as she is now.
SEC budget: The good, the bad and the ugly of how the top financial regulator will be affected by the new Congressional budget.
Around the Web
Alexander Hamilton: The first Treasury Secretary was also “the most soulful” of America’s Founding Fathers.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.