Money and Power
Page 91
Connor, John T.
constant maturity mortgage (CMM)
“Contagion and Crowded Trades”
Continental Can Company, 1.1, 1.2
Continental Group, Inc., 11.1, 11.2
Continental Illinois National Bank and Trust
convergence trades
Conway, Kevin
Cook, Karen
Cooke, Jennie C.
Cooperman, Leon
Coopers & Lybrand
CoreStates Financial
Corinthian Broadcasting Company
Cornacchia, Thomas
Corning Glass Works, 4.1, 4.2, 4.3
corporate raiders, 9.1, 9.2, 10.1, 11.1, 11.2, 14.1, 14.2, 17.1
Corrigan, E. Gerald
Corzine, Joanne Dougherty, 14.1, 14.2
Corzine, Jon, 12.1, 12.2, 13.1, 14.1, 15.1, 17.1, 18.1
background of
double role of
early mistakes at Goldman Sachs of
as Friedman’s successor, 14.1, 14.2, 14.3
goals and aspirations of
health problems of
loyalty to
LTCM deal and, 16.1, 16.2, 16.3, 16.4, 16.5
Maxwell lawsuit and
mergers desired by, 16.1, 16.2
and move to go public, 14.1, 15.1, 15.2, 15.3, 15.4, 16.1, 16.2, 16.3, 16.4, 16.5, 17.1
1994 losses and, 14.1, 14.2, 14.3, 15.1, 15.2, 15.3, 16.1
“palace coup” against, 16.1, 17.1, 17.2
Paulson’s relationship with, 14.1, 14.2, 15.1, 16.1, 16.2, 16.3, 16.4, 16.5, 16.6, 16.7, 16.8, 17.1
positive thinking of, 15.1, 15.2
Coster, F. Donald
cough syrup
Coulson, Frank
Council of Foreign Relations
Council on Wage and Price Stability
Countrywide, 18.1, 18.2, 18.3, 22.1
Coyne, Herbert, 9.1, 9.2
Coyne, Marty
Cramer, James, prl.1, 10.1, 17.1, 24.1, 24.2
C. R. Anthony, 7.1, 7.2
credit-card receivables, 18.1, 18.2
credit-default swaps (CDSs), 18.1, 18.2, 19.1, 19.2, 20.1, 20.2, 20.3, 21.1, 21.2, 23.1, 23.2, 23.3
Credit Suisse Group, 12.1, 20.1
credit support agreement
Credit Support Annex
CS-1, 11.1, 11.2, 11.3, 11.4, 11.5, 11.6, 11.7
Cuckney, John
Cullman family
Cunningham, Bill
Cunningham, Jeffrey
Cunningham, Mary
Curran, Paul, 11.1, 11.2
currencies, 16.1, 16.2
see also specific currencies
Daily Mirror, 14.1
Daily Word, 5.1
Dauphinot, Clarence
Davies, Gavyn
Davies, Joseph
Davilman, Andrew, 21.1, 23.1
Davis, Charles “Chuck”
Davis Polk & Wardell
Day, H. Corbin
Dead Poets Society, 15.1
Dean, Arthur, 4.1, 4.2
Dean Witter, 16.1, 17.1
Dearborn Independent, 4.1
debt see underwriting
De Coppet & Doremus
deficit reduction
Delmar Capital Corporation
DeLucia, David
Democratic National Campaign Committee
Democratic National Campaign Executive Finance Committee
Democratic National Committee, 3.1, 13.1
Demos, Raphael
Denham, Robert
DeNunzio, Ralph, 11.1, 11.2
Department of Trade and Industry (DTI), U.K., 14.1, 14.2, 14.3
derivatives, prl.1, 21.1
AAA ratings of, prl.1, 18.1, 18.2, 21.1, 21.2, 22.1, 23.1
arbitrage and
Blankfein’s defense of
Buffett’s dislike of
Friedman’s worries about
Levin’s criticism of, prl.1, prl.2
Derivatives Week, 21.1
Detroit, Mich., 4.1, 9.1
Deutsche Bank, 15.1, 17.1, 18.1, 18.2, 19.1, 19.2
deutsche mark, 14.1, 14.2
Diamond Rubber Company
Diebold, Inc.
Dilday, Clarence
Dillon, Read & Co., 4.1, 4.2
Dinkins, David
Directorship, 24.1
divorce
Dobkin, Eric
DOCOMO
Dodd-Frank Act (2010), prl.1
Domestic Policy Council
Donaldson, Lufkin & Jenrette (DLJ), 9.1, 9.2
Donovan, William J. “Wild Bill,” 3.1, 17.1
Donovan, Leisure
Doonan, Thomas, 11.1, 11.2, 11.3, 11.4, 11.5, 11.6
Doral Arrowwood, 15.1, 15.2, 15.3, 15.4, 15.5, 16.1
Doty, George, 6.1, 6.2, 7.1, 7.2, 7.3, 8.1, 8.2, 8.3, 9.1, 10.1, 14.1
and purchase of J. Aron, 9.1, 9.2, 9.3, 9.4, 9.5
Douglas Aircraft Company
Dow Jones Industrial Average, 12.1, 16.1
Dowler, John
Drexel Burnham Lambert, 11.1, 11.2, 11.3, 11.4, 18.1, 23.1
Dreyfus, Ludwig, 1.1, 1.2
Drizzle, David
Drobny, Steven
drugs
DTI, see Department of Trade and Industry, U.K.
Dudley, William
Dukakis, Michael, 13.1, 13.2
Dun & Bradstreet
Dunbo, Mike
DuPont
Dyal, Gordon
Early, Stephen
Eavis, Peter
eBay
Eckert, Alfred “Fred”, III, 12.1, 12.2
Economist, 14.1, 14.2, 14.3, 17.1, 17.2
Edelman, Asher
education, 13.1, 13.2
efficient market hypothesis
E. F. Hutton, 8.1, 14.1
Egol, Jonathan, 19.1, 20.1, 20.2, 21.1, 21.2, 22.1
Ehrlich, Judith Ramsey
Ehrlichman, John, 14.1, 14.2
Einhorn, David
Eisenberg, Lewis M., 12.1, 12.2, 12.3, 12.4, 14.1, 14.2, 14.3
Eisenhower, Dwight D., 3.1, 3.2, 6.1
Eisner, Michael
Elberon, N.J.
elections and campaigns, U.S.:
1932, 3.1, 3.2, 3.3
1936, 3.1, 3.2
1940
1972
1980
1984
2008
Electric Storage Battery Company (ESB)
Eli Lilly
Elizabeth Arden
Ellis, Charles, 5.1, 5.2, 5.3, 8.1, 9.1, 15.1, 16.1
Elson, Charles, 24.1, 24.2
EMC Mortgage Corporation
Encore Credit Corporation
Endicott-Johnson
Endlich, Lisa, 8.1, 10.1, 10.2, 10.3, 12.1
Engelhard Minerals and Chemical Corporation
England, 2.1, 2.2
Engman, Lewis, 14.1, 14.2
Enhanced Leverage Fund, 22.1, 22.2
Enron
Epstein, Edward Jay
Equal Employment Opportunity Commission, 7.1, 7.2, 7.3
Equitable Life Assurance Society
equity see underwriting
eToys
euro
Eurobond
European Central Bank
Evans, J. Michael, 14.1, 15.1, 21.1, 24.1
Evans, Nancy
“event driven” arbitrage
Exodus Communications
ExxonMobil
Facebook, prl.1, 2.1
Face the Nation, 11.1
Fairrie, James
Falcone, Philip
Fanlo, Nino
Fannie Mae, 18.1, 18.2
Farrell, Anne Brown
Federal Aviation Administration
Federal Deposit Insurance Corporation (FDIC)
Federal Reserve, 10.1, 10.2, 13.1, 14.1, 14.2, 14.3, 16.1, 16.2, 18.1, 20.1, 21.1
Bear Stearns’s creditors rescued by
design of
as “lender-of-last resort”
in response to European financial troubles
short-term l
oans granted by, prl.1, prl.2
Federal Reserve Act (1913)
Federal Reserve Bank of New York, prl.1, 1.1, 10.1, 16.1, 16.2, 23.1, 24.1, 24.2
Federal Trade Commission, 5.1, 5.2, 14.1
Federated Investors
Federation of Jewish Philanthropies, 5.1, 5.2, 5.3
Feinberg, Kenneth, prl.1
Feld, Al
Feldman, Albert, 5.1, 5.2
FICO, 18.1, 19.1
Fife, Eugene, 14.1, 14.2, 15.1
Finance, 6.1, 6.2
Financial and Industrial Securities Corporation, 2.1, 2.2, 2.3, 2.4, 2.5
financial crisis (2008), 3.1, 22.1
Goldman Sachs’s avoidance of worst of, prl.1, prl.2, prl.3, prl.4, prl.5, 18.1, 22.1, 23.1; see also “big short”
Goldman Sachs’s exacerbation of, prl.1, prl.2, prl.3, 3.1, 16.1, 18.1
Henry Paulson’s fears of
leverage used in
see also housing bubble
Financial Crisis Inquiry Commission, 19.1, 22.1, 23.1
Financial News, 16.1, 20.1
financial system:
as engine of growth
evolution of
gambling analogy of
government regulation of
taxpayer bailout of, prl.1
see also housing bubble
Financial Times, prl.1, 15.1, 24.1, 24.2
First Boston, 4.1, 8.1, 9.1, 12.1, 18.1
First Colony Life Insurance
First Franklin Financial Corp.
First National Bank of Nevada
First National City Bank, 7.1, 7.2
Fisher, Peter, 16.1, 16.2
Fiske, Robert, Jr., 11.1, 11.2
Fitch, 18.1, 21.1
Flick, Jim
Florida land bubble
Flowers, J. Christopher, 16.1, 16.2, 16.3, 16.4, 17.1
Flynn, Edward
Forbes, 10.1, 12.1, 12.2, 12.3, 18.1
Ford, Gerald
Ford, Henry, 4.1, 4.2, 8.1
Ford, Henry, II, 4.1, 4.2, 4.3
Ford, Mrs. Edsel, 4.1, 4.2
Ford, William Clay, Jr., 17.1, 17.2
Ford Foundation, 4.1, 4.2, 8.1
Ford Motor Company, 5.1, 6.1, 6.2, 7.1, 17.1
IPO of, 4.1, 5.1, 5.2, 8.1, 12.1
foreclosures
foreign exchange trading
Forester, Doug
Forster, Andrew, 23.1, 23.2, 23.3, 23.4, 23.5, 23.6
Forstmann Little
Fortress Investment Group
Fortune, 3.1, 3.2, 3.3, 3.4, 3.5, 3.6, 3.7, 4.1, 4.2, 11.1, 15.1, 17.1, 17.2, 22.1, 22.2, 23.1
Foster, William Trufant, 2.1, 2.2
Foster Grant Corporation
Fowler, Henry “Joe,” 6.1, 8.1, 9.1, 13.1
franc, 14.1, 14.2
France, 1.1, 14.1
Frank, Barney
Frank, Walter, 5.1, 7.1
Franklin Savings Bank
Franks, Bob
Freakonomics (Dubner and Levitt), 20.1
Freddie Mac, 18.1, 18.2
Fredman, Sheara
Freedman, Alix
Freeman, Margo
Freeman, Robert, 11.1, 11.2, 15.1
hiring of
insider trading scandal of, 11.1, 11.2, 11.3, 11.4, 11.5, 11.6, 12.1, 12.2, 12.3, 14.1, 14.2
Fremont General, 21.1, 21.2
Fremont Investment and Loan, prl.1, 18.1
Friedman, Barbara Benioff, 9.1, 14.1, 14.2, 14.3
Friedman, Richard A., prl.1
Friedman, Robert A.
Friedman, Steve, 7.1, 9.1, 9.2, 9.3, 10.1, 10.2, 12.1, 12.2, 12.3, 12.4, 12.5, 13.1, 13.2, 14.1, 14.2, 14.3, 14.4, 14.5, 15.1, 16.1, 17.1, 17.2, 17.3, 24.1
background
Eisenberg’s sexual scandal and
health problems of, 14.1, 14.2
hired at Goldman Sachs
insider trading scandal and, 11.1, 11.2
made co-chairman, 12.1, 12.2
made vice chairman, 9.1, 12.1
and move to go public, 10.1, 10.2, 14.1
1987 crash and
1994 losses and, 14.1, 14.2, 15.1
as potential head of Goldman Sachs, 9.1, 10.1
put in charge of fixed-income division, 10.1, 10.2
retirement of, 14.1, 14.2
as worried about derivatives
Friedman & Friedman
front-running, 16.1, 24.1
Frost, Alan, 23.1, 23.2
Fuld, Richard
“full-doc” loans
Fullerton, John, prl.1, prl.1
Fundamental Investors, 7.1, 7.2
Funston, Keith, 4.1, 4.2
F. W. Woolworth Company
Gadhafi, Mu‘ammar al-
Galbraith, John Kenneth, 2.1, 2.2, 2.3, 2.4, 2.5
Gang of Five, 5.1, 5.2
Gant, Donald
Gapper, John
gasoline
Gasvoda, Kevin, 19.1, 20.1
GATT treaty
Gaul, Paul
Geissinger, John
Geisst, Charles
Geithner, Timothy, prl.1, 22.1
General Atlantic
General Cigar Company
General Electric, 2.1, 3.1, 3.2, 3.3, 4.1, 7.1, 8.1, 9.1
European bonds underwritten for
RCA’s merger with, 10.1, 10.2
General Foods Corporation, 2.1, 3.1, 3.2, 4.1, 4.2, 10.1
General Motors
General Re Corporation
Gensler, Gary, 17.1, 18.1
George, Edward
Germany, 1.1, 3.1, 14.1, 14.2, 14.3
Geronemus, Roy
Gerst, David
get-rich-quick schemes
Getty Oil
Gilbert, Cass
Gilmour, James
Giuliani, Rudolph, 11.1, 11.2, 11.3, 11.4, 11.5, 11.6, 11.7, 11.8, 11.9, 11.10
Glass-Steagall Act (1932), 2.1, 4.1, 10.1, 16.1
Glauber, Robert
Glengarry Glen Ross (Mamet), 4.1
Glenn, John
Global Crossing
gold, 3.1, 9.1, 9.2
gold coins, 1.1, 1.2
Goldfield, Jacob, 13.1, 13.2, 16.1
Goldman, Bertha, 1.1, 1.2, 1.3
Goldman, Henry, 1.1, 1.2, 2.1, 4.1
Federal Reserve System designed by
Germany supported by
Goldman Sachs inherited by
retirement of, 1.1, 1.2, 4.1
as risk-taking
Sears IPO handled by, 1.1, 1.2, 1.3
underwriting and, 1.1, 1.2
Goldman, Henry, Jr.
Goldman, Julius
Goldman, Louisa see Sachs, Louisa Goldman
Goldman, Marcus
in arrival to U.S.
death of
gold coins of
IOUs bought and sold by, 1.1, 1.2, 1.3, 1.4, 1.5, 1.6, 5.1
money for Jewish immigrants collected by
Sam Sachs made partner of, 1.1, 1.2
Goldman, Rebecca
Goldman, Rosa see Sachs, Rosa Goldman
Goldman, Sachs & Dreyfus
Goldman Sachs:
“Ad Hoc Profit Maximization Committee” at, 12.1, 12.2
Administrative Department of
American Cyanamid Corporation lawsuit against
annual budgeting at
antitrust lawsuit against, 4.1, 8.1
arbitrage department of, 5.1, 5.2, 5.3, 5.4, 6.1, 6.2, 6.3, 6.4, 7.1, 7.2, 9.1, 9.2, 10.1, 11.1, 11.2, 11.3, 12.1, 15.1; see also Levy, Gustave Lehmann; Rubin, Robert
bad news not shared by, 7.1, 7.2, 7.3; see also “big short”
in battles with other companies
board of directors at, 17.1, 17.2, 22.1
bond department of, 3.1, 3.2, 5.1, 5.2, 10.1, 10.2, 14.1
Bouton’s potential lawsuit against
branch offices of, 3.1, 4.1
Broad Street building of, 4.1, 5.1, 6.1, 7.1
Buffett’s loan to, prl.1, prl.2
business department of
Busine
ss Standards Committee of, 24.1, 24.2
Buying Department of, 7.1, 7.2, 7.3
calling effort of
capital of, 1.1, 1.2, 4.1, 4.2, 5.1, 5.2, 6.1, 7.1, 9.1, 10.1, 10.2, 12.1, 12.2, 12.3, 14.1, 14.2, 14.3, 15.1, 15.2, 15.3, 16.1
Capital Structure Franchise Trading Group of
Catching’s company created for
Catching’s power grab at
collusion accusations against
commercial paper traded by, 1.1, 1.2, 1.3, 1.4; see also commercial paper
compensation at, prl.1, prl.2, prl.3, prl.4, 5.1, 7.1, 7.2
competitiveness at
confidentiality and nondisparagement agreements at, prl.1
conflict management by, prl.1, 15.1, 17.1
Corporate Finance Department of, 7.1, 7.2, 7.3, 17.1
Corzine’s desire to enlarge
in crash of 1929, 2.1, 2.2, 2.3, 2.4, 3.1
Depression strategy of, prl.1, 3.1
discipline at
85 Broad Street building of, prl.1, 8.1, 10.1, 10.2, 17.1
envy of
ethical code of, prl.1, 8.1, 16.1, 17.1
Executive Committee of, 15.1, 16.1, 16.2, 16.3, 16.4
factors in prowess of
as family business
fear of
Financial Institutions Group of (FIG), 15.1, 15.2, 16.1, 16.2, 16.3, 16.4, 16.5, 16.6
fine paid by
Firmwide Risk Committee at
Fixed-Income, Currencies and Commodities (FICC) at, 14.1, 16.1, 17.1, 17.2, 17.3, 17.4, 17.5, 19.1
fixed-income division of, 10.1, 10.2, 10.3, 12.1, 12.2, 12.3, 13.1, 14.1, 14.2, 14.3, 14.4, 15.1, 15.2, 15.3, 16.1, 17.1
Ford IPO handled by, 4.1, 5.1, 5.2, 8.1, 12.1
foreign exchange department of, 1.1, 9.1, 14.1, 15.1, 15.2, 17.1
“great rehabilitation” of, 3.1, 3.2
hot IPO’s distributed by
hundredth anniversary of
internal e-mails of, prl.1, prl.2, prl.3, prl.4
International Advisory Committee of
international expansion of, 8.1, 12.1, 12.2, 14.1, 14.2, 14.3, 14.4, 15.1, 15.2, 15.3, 16.1, 17.1, 17.2
interview process at
investment banking of, prl.1, prl.2, 3.1, 4.1, 4.2, 4.3, 4.4, 5.1, 6.1, 7.1, 7.2, 8.1, 8.2, 8.3, 9.1, 9.2, 10.1, 10.2, 14.1, 14.2, 15.1, 15.2, 16.1, 18.1; see also investment banking
Investment Banking Services (IBS)
investment trusts of, 2.1, 2.2, 2.3, 2.4, 3.1, 3.2, 4.1, 5.1, 8.1, 9.1
J. Aron & Company acquired by, 9.1, 9.2, 14.1
as Jewish firm, 1.1, 8.1, 8.2, 14.1, 18.1
jokes about, 2.1, 3.1
and lack of high-level relationships in Washington
layoffs at
leverage used by, 2.1, 15.1
liquidity of, 14.1, 15.1, 16.1
major acquisitions shunned by
Management Committee, 5.1, 5.2, 7.1, 7.2, 8.1, 8.2, 8.3, 9.1, 9.2, 9.3, 9.4, 10.1, 10.2, 11.1, 11.2, 12.1, 12.2, 12.3, 14.1, 14.2, 14.3, 14.4, 14.5, 14.6, 14.7, 14.8, 15.1, 16.1, 16.2, 16.3, 16.4, 17.1, 22.1
as “mark-to-market” firm, prl.1, prl.2, prl.3, prl.4, 19.1, 22.1, 22.2
Maxwell lawsuit against