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FORMER MERRILL LYNCH CEO JOHN THAIN: The Financial Crisis Can 'Absolutely'...
Former Merrill Lynch CEO John Thain, who now runs CIT Group, told Bloomberg TV's Erik Schatzker and Sara Eisen on "Market Makers" that a financial crisis like 2008 could "absolutely" happen again. "If...
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Five Years Out, Wall Street's Financial Crisis CEOs Can't Decide If We're...
Five years on, some of the financial crisis' most familiar characters are chirping in on the likelihood of another meltdown.Last week Morgan Stanley CEO James Gorman went on the Charlie Rose show and...
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GEITHNER: The Merrill Lynch CEO Didn't Know The Name Of His Chief Risk...
Former U.S. Secretary of the Treasury Timothy Geithner has a funny anecdote on page 166 of his new book, "Stress Test," about then-Merrill Lynch CEO John Thain. Bloomberg View's Matt Levine pointed it...
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Two Famous Faces From The Financial Crisis Executed A Deal Today That...
John Thain was CEO of Merrill Lynch in 2008 as it crumbled and sold itself to Bank of America.Meanwhile, John Paulson was shorting mortgages and becoming a billionaire as the housing market...
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Meet The Tycoons Who Live At 740 Park Ave., New York's Billionaire Hive
740 Park Avenue is a legendary address, at one time considered (and still thought to be by some) the most luxurious and powerful residential building in New York City.The co-op, on the corner of 71st...
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One of the most famous faces of the financial crisis is retiring (CIT, BAC)
John Thain is calling it quits. Thain, who was CEO of Merrill Lynch when the investment bank was sold to Bank of America at the height of the financial crisis, is retiring from his CEO role at CIT...
View ArticleFeinberg: Even A $9 Million Bonus Is Excessive For Blankfein
Earlier on Bloomberg TV, Pay Czar Kenneth Feinberg said that Lloyd Blankfein's bonus is indeed excessive, but at the same time, Goldman Sachs is technically following his advice."Clearly, Goldman is...
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Here's The Fool Proof Way John Thain Can Save CIT...
John Thain has just been named CEO of CIT and to celebrate we're helping him do a bit of shopping.As you may recall, back at Merrill Lynch Thain got into a bit of trouble before for his lavish office...
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CIT Delays Earnings Report And Cancels All Bonuses
CIT made two important moves yesterday.First, the company said it woud delay its annual report for a coupe of weeks because of the timing of its emergence from bankruptcy. The company expects to...
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John Thain Gets The Hottie, Jamie Dimon Gets Bill Pullman In "Too Big To...
The long awaited casting of Jamie Dimon is finally released thanks to Deadline.Bill Pullman will play Jamie Dimon in Too Big To Fail.John Thain has also just been cast. He'll be played by Matthew...
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How Brian Moynihan Got His Job When Tim Mayopoulos Got Dragged Out Of A...
An excerpt from a new book by the Financial Times' Greg Farrell tells a very interesting story about how Brian Moynihan got his job, first as General Counsel for Bank of America Merrill Lynch, and then...
View ArticleWhy The Fall Of Merrill Lynch Hurt Stan O'Neal More Than John Thain (BAC, CIT)
Greg Farrell writes a lot in his book, Crash of the Titans, about the big egos of two of the men - O'Neal and Thain - who led Merrill Lynch back-to-back.So we asked Greg Farrell, the author of Crash of...
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The 2-Minute Version Of "Too Big To Fail"
HBO's movie version of Andrew Ross Sorkin's bestseller "Too Big Too Fail" brought some of Hollywood's energy to the story of the 2008 financial crisis.We've put together our favorite lines from the...
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Here's A Weird Way To Bring Ben Bernanke, Jamie Dimon, Lloyd Blankfein And...
It's been a tough few years, and some of you still have a bone to pick with Wall Street.Well, look no further. Nick Friedman's Clay Portrait Gallery in North Carolina has a weird answer for you: set...
View ArticleGuess What The CEO's Name Is In The New Movie About The Financial Crisis
The new movie "Margin Call" is about executives trying to save a 107-year-old bank during the financial crisis.Guess what the CEO's name in the movie is.John Tuld, which as the Wall Street...
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Race Car Exec Admits To Bribing A Banker, John Thain Gets A Forest Named...
Formula One's chief executive Bernie Ecclestone confessed in court that he bribed a former BayernLB banker named Gerhard Gribkowsky to stay quiet and keep tax officials at bay while acquiring the...
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740 PARK AVENUE: Inside The Most Powerful Apartment Building In New York
740 Park Avenue is a legendary address, at one time considered (and still thought to be by some) the most luxurious and powerful residential building in New York City.The co-op, on the corner of 71st...
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Meet The Best Dad In America — He Happens To Be A Major Wall Street CEO
Former Merrill Lynch CEO John Thain has been named "Father of the Year," by The Father's Day/ Mother's Day Council.Thain, who is currently CIT Group's CEO, will be recognized as "Father of the Year" on...
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Look At Shaq Tower Over Former Merrill Lynch CEO John Thain
Former Merrill Lynch CEO John Thain was honored as a "Father of the Year" last night in Manhattan by The Father's Day/ Mother's Day Council.Thain, who is currently CIT Group's CEO, was recognized last...
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Former FDIC Chair Sheila Bair Totally Trashed Vikram Pandit In Her New Book...
We cannot wait until former FDIC Chair Sheila Bair gets to tell her side of the story in her new book, Bull by the Horns: Fighting to Save Main Street From Wall Street and Wall Street From Itself.The...
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