The Wall Street Scandal
Who lost the most money on Black Monday? This morning, all eyes focused on Bonds & Trage and its larger-than-life founder, the infamous and tyrannical Jon K. Bonds. Starting in the trading pits some 30 years ago, Bonds built his small firm into a financial services giant. A master deal-maker and confidant of New York money and power, Bonds has sometimes been unscrupulous in his determination to undermine his rivals, particularly competitor Churnham & Burnham. Confidential sources inside the company indicate that Bonds may soon step down from his position. His age, 56, is not believed to be the primary factor. The U.S. Attorney General's office is reportedly investigating Bond's possible involvement in stock manipulation and conspiracy schemes. If Bonds does leave the company, his successor will face the difficult task of guiding both the battered firm and the wealthy Argonaut Fund through the Black Monday disaster.
Read more about this topic: How To Host A Murder
Famous quotes containing the words wall, street and/or scandal:
“A man whose mind feels that it is captive would prefer to blind himself to the fact. But if he hates falsehood, he will not do so; and in that case he will have to suffer a lot. He will beat his head against the wall until he faints. He will come to again and look with terror at the wall, until one day he begins afresh to beat his head against it; and once again he will faint. And so on endlessly and without hope. One day he will wake up on the other side of the wall.”
—Simone Weil (1909–1943)
“If the street life, not the Whitechapel street life, but that of the common but so-called respectable part of town is in any city more gloomy, more ugly, more grimy, more cruel than in London, I certainly don’t care to see it. Sometimes it occurs to one that possibly all the failures of this generation, the world over, have been suddenly swept into London, for the streets are a restless, breathing, malodorous pageant of the seedy of all nations.”
—Willa Cather (1876–1947)
“There’s no scandal like rags, nor any crime so shameful as poverty.”
—George Farquhar (1678–1707)