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New York distressed but not depressed

17th September 2010

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New York

New York

WE'RE outside the New York Stock Exchange, which for the past half century has represented the epicentre of Western capitalism. Yet our tour guide, Andrew, a former bond trader at Deutsche Bank whose desk made millions shorting his own bank’s dodgy CDOs, argues that the events of the past couple of years mean this building is nowhere near as influential as it once was.The real power now lies with the nearby Federal Reserve, he says, whose decisions on which banks survived or failed and how many billions of dollars to pump in......for the full story register now for free or login below...


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Fascinating - great story Mike!

anna triantis

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