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Battle of legends: Milken vs. Lipton

April 29, 2008 — 6:59am ET
Martin Lipton, the legendary lawyer, says the financial crisis stems from the invention of the junk bond so many years ago. As the New York Times notes, Michael Milken begs to differ. He tells the... Read more...

At banks, traders take losses for the team

April 8, 2008 — 6:59am ET
We all have heard the stories of how some hedge funds hit grand slams by betting against subprime-related mortgages. The New York... Read more...