Helen Davis Chaitman is a well-known attorney with extensive experience in the areas of lender liability, bankruptcy, bank fraud, RICO, professional malpractice, trusts and estates, and white collar defense. The National Law Journal named her as one of the nation's top ten litigators in 1995. Since early 2009, Ms. Chaitman has been an outspoken advocate for investors in Bernard L. Madoff Investment Securities LLC (more here).
Congratulations! You've landed yourself an internship on Wall Street this summer. While this is just the very first step to building a career on the Street, the stakes are high – if you play this right, it could lead to an entry-level job.
Yesterday, Max Baucus (D-MT) and Dave Camp (R-MI) introduced a tax reform bill that would force a new asset tax on big Wall Street banks, and naturally Wall Street isn't having it. The summary of the bill alone is about 200 pages, but for the Street, it all boils down to one simple, nasty debate that's been raging since the financial crisis. Either Wall Street banks are still too big to fail or they're not.
Eliot Spitzer has already proven that he can turn a less-than-sexy political office into a national conversation. If he wins the race for New York City Comptroller, you can expect him to do it again. It will be a new platform, but his foil will remain the same. As NYC Comptroller Eliot Spitzer would still direct his energies at reforming Wall Street politically and culturally.
The dearth of women in high-powered positions in the financial industry is far from secret. For the last two decades, ideas regarding how to increase the number of women in the corner office have bounced around think tanks, business schools, and even the industry itself. The notion that women simply do not have the hard edge necessary to succeed in finance is certainly a thing of the past.
Is it cynical to think that politicians want to provide payments from the treasury to those that paid the politicians? More cynical to think the politicians that created huge Wall Street Welfare payments won’t actually do anything except talk about how they think it is bad that those they paid billions to are buying new mansions and yachts? More cynical to think they will continue to provide huge amounts of nearly free cash for those that paid them to speculate with?