She was 40, successful and had just been canned because her boss told her she had “an edge.” “Why do I scare the hell out of people?” she asked me. “People either love me or hate me. I am told I need to tone it down, not to push so hard

On Sunday, October 25th 2009, Jeffry Picower drowned in the swimming pool of his Palm Beach mansion, the victim of an apparent heart attack. His untimely death left in limbo, if not totally silenced, crucial questions about the role he played in what may be the greatest disappearance act in the annals of financial history. Picower was the main (though not the only) conduit through which most of the stolen money in the Madoff Ponzi scheme was systematically siphoned out of the accounts of other investors

As I was preparing to travel to Chicago earlier this week to speak at the American Bankers Association (ABA) annual conference as their luncheon keynote the following day, I heard of a series of explosive news stories describing pickets and picketers that had succeeded in disrupting the banker conference on the day prior. But even as I prepared to board my flight to Chicago for the conference, I found myself more outwardly confused than inwardly concerned.


 
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FORT LAUDERDALE, Fla. — Federal agents seized computers, bank and investment records, cash and even the key to a Ferrari during an all-night search at the office of an attorney suspected of operating a massive fraud scheme.

forbes.com : Although the G-20 finance ministers pledged stronger prudential regulation and financial oversight of systemically important firms at their September meeting, there is no consensus yet among regulators, lawmakers and academics on how best to proceed. Read the whole story: forbes.com

I was in Korea last week with a collection of suit-wearing hotshots. On a panel sat Takatoshi Kato, IMF Deputy Managing Director. Before the discussion he gave us a powerpoint lecture showing the IMF projections for 2010, 2011, …, 2014.