David Stockman, former budget director for former U.S. President Ronald Regan, leaves his arraignment at Manhattan Federal Court in New York March 26, 2007.KEITH BEDFORD/Reuters
The new Dr. Doom
David Stockman, former Reagan budget director and author of a controversial NYT op-ed, tells Fortune's Katie Brenner who he thinks is destroying America and why private equity is the great deformation.
Meanwhile, Fortune's Dan Primack asked back in 2010 why anyone would want to listen to him, ever.
Corzine blamed for MF Global blowup
A 124-page report by bankruptcy trustee Louis Freeh blames former MF Global Holdings chief Jon Corzine for botching an expansion of the company's traditional business model while ignoring deficiencies in its risk controls.
Germany investigating Deutsche Bank
The New York Times reports that German authorities are investigating allegations that Deutsche Bank hid billions of dollars in losses to avoid a potential bailout during the financial crisis.
Time for a culture change at Barclays
A Salz review into management practices at Barclays reveals a company in dire need of an overhaul. The bank grew too fast, vested too much power at the top and became difficult to manage.
Trader admits to hiding $8-billion position
Former Goldman Sachs Group trader Matthew Taylor has admitted to concealing an unauthorized $8.3-billion trading position in 2007, causing the bank to lose $118-million.
(Jody White is the Web Editor for Streetwise.)
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