Russia, 93, 172–73, 202, 207
Russo, Tom, 13
Salomon Brothers, 37
Sambol, David, 40, 43
Sandler, Herb, 148–49
Sandler, Marion, 148–49
Saudi Arabia, 162
savings, 216
Schapiro, Mary, 167–68, 184, 198, 203–4, 212
Schumer, Chuck, 17
Schwartz, Alan, 49–51, 53–55
Schwarzman, Christine, 7, 11–12
Schwarzman, Steve, 7, 8, 11–12
Seattle Post Intelligencer, 148
SEC, 16, 24–25, 26, 28, 43, 53, 67, 103, 128, 212
Goldman investigated by, 182, 183–87
inadequate oversight by, 167–69, 183, 198, 203–4
Lehman bankruptcy and, 103–4
regulators at, 35, 104
securities:
illiquid, 124
mortgage-backed, 37
separation of banking from, 5
securities fraud, 43
Senate, U.S., 180
Banking Committee of, 139
Dodd Amendment in, 169
financial reform proposals in, 194, 198–200
Permanent Subcommittee on Investigations of, 186–87
see also Congress, U.S.; House of Representatives, U.S.
service IPOs, 64
740 Park Avenue, 7–8, 9
shareholders, equity of, 107
short-selling, 32, 44–46, 49, 67, 128–29
naked, 128
Sieracki, Eric, 43
60 Minutes, 149
Smith, Winthrop “Win”, Jr., 107–10, 113–14
Smith Barney, 52, 212
solvency, 56
sovereign debt, 171–76
Spain, 175
Speyer, Jerry, 11
Spitzer, Eliot, 49–50, 93
Standard & Poor’s, 120
Stanford University, Hoover Institution at, 189–91
Starr, Cornelius Vander, 93
Steagall, Henry Bascom, 138
Steel, Bob, 147–49, 180
Steinberg, Jonathan, 7, 9
Steinberg, Saul, 7–8
Stewart, Rod, 12
stimulus, economic, 193
stock market:
boom in, 46
confidence lacking in, 169
global concerns and, 178
stock market crash of 1929, 108, 135
stocks, 197
subprime mortgages, 28, 35–38, 39–41, 43–44, 53
crisis in, 73, 79, 108, 148, 177
defaults on, 36–37, 38, 39, 41
Sullivan, Martin, 13, 93–95
Summers, Larry, 138
SunAmerica, 94
Syron, Richard, 77
Taleb, Nassim, 177
taxes, on financial firms, 200
taxpayers, in government bailouts, 5, 57, 115, 155, 174–75
Tea Party libertarians, 207
terrorism, 13
Thain, John, 11, 16, 31–32, 108, 182
Bank of America buyout deal and, 89–90, 96, 103, 106, 110–14
departure from Merrill of, 152–60
fears for Merrill of, 86–87, 88–89
office renovations of, 155, 157–58
tier-three assets, 37
Times (London), 182
Today show, 110, 117, 135
“too big to fail,” 5, 21, 120, 136, 160–61, 169, 174, 190, 194, 200
Tourre, Fabrice, 185–86
toxic assets:
of Fannie Mae and Freddie Mac, 76
of Lehman Brothers, 17–18, 85, 87, 96–97, 100
of Merrill Lynch, 153, 156
Travelers Insurance, 139–40
Treasury Department, U.S., 15, 16, 23–24, 25, 45–47, 55, 58, 68, 78, 88, 91, 104–5, 108, 137, 138, 147, 151–52, 159, 161, 169, 172, 178, 180–81, 182, 196, 199
Troubled Asset Relief Program (TARP), 105, 134–35, 137, 143, 152, 162, 180, 192–93, 201
Trump, Donald, 11
Trump, Melania, 11
UBS Group, 16, 33, 96
unemployment, 17, 166, 176, 211, 214
United Kingdom, see Great Britain
United States, 190
AIG bailout by, 120, 122–23
bailouts by, 5, 136, 143, 161, 164, 172–73, 174–75, 178, 181, 189, 192–93, 207
bailouts for auto companies by, 142
Bear Stearns bailout and, 15, 19, 21, 24, 30, 32, 55, 57, 115
economy of, 113, 204
Lehman not rescued by, 17–18, 27, 29–30, 32, 59, 87–88, 97, 101, 104–5, 115, 119, 123, 152
sovereign debt and, 172–74, 175
stimulus funds to Merrill and Bank of America by, 154–56
U.S. Treasuries, foreign holding of, 172–73
Varley, John, 87, 96–97, 100
Volcker, Paul, 84, 99, 195
Volcker Rule, 195, 200
Wachovia, 114, 134, 147–50, 212
Wall Street, 19, 53
bonuses for, 143–44, 164
borrowing power of, 8
concerns of, 32, 34, 59
conscience of, 191
Depression-era, 138
financial regulations tightened for, 172, 183–84, 194–204
interconnectedness of, 44, 54, 59, 86–87, 88–89, 123, 130, 136, 162, 175
one year after the collapse, 164–66
2008 collapse of, 3–5, 35, 113, 129, 132, 134–35, 164–66, 172, 175, 181–82, 183, 187, 189–91, 197, 204–6
volatility of, 197
Wall Street Journal, 48, 64, 69–71, 109, 172
Walters, Barbara, 11
Ward, John Quincy Adams, 208
Warren, Elizabeth, 193, 212
Washington, D.C., 17, 53, 54, 74, 115, 120, 135, 151, 158, 168, 180, 183, 194
Washington Mutual, 114, 134, 149, 210, 212
Waxman, Henry, 125–26, 141
Weber, Axel, 178, 179
Webman, Jerry, 21–22
Weill, Sandy, 8, 11, 51–53, 94, 139–41, 161–62, 164
Wells Fargo, 149–50, 212
West Wing, The, 132
White, Mary Jo, 160
White House, 137, 140
Whitney, Meredith, 113, 114
Wilkinson, Jim, 18
Willumstad, Bob, 92, 94–95, 120–21, 123, 180
Wolf, Robert, 16, 33, 96
World Economic Forum, 12–13, 156, 171, 173
World Financial Center, 118
Yankee Stadium, 127
Zell, Sam, 8
