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Harvey Pitt

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Latest Headlines

The revolving door and the hedge fund industry

While the hedge fund industry ( hedge fund news) has fared well in the on-going effort to reform the financial services industry, it remains a target for regulators and politicians. We'll likely see more attempts to tax carried interest as ordinary income at some point. Understandably, the

Richard Fuld to face prosecution?

Not too long ago, Richard Fuld, the former CEO of Lehman Brothers ( Richard Fuld news), was considered the man most likely to face prosecution and perhaps become the Jeff Skilling of the Wall Street meltdown--a symbol of every excess committed in the entire era. And then the argument died d

Short-selling issues yield more costs, opportunities

The emergency rule that banned the naked short selling of 17 big-name financial stocks has come and gone, and a lot of people are wondering if the rule will be revived at some point--permanently.