Entries tagged "Robert Profusek"
We're suddenly getting a lot of talk about deleveraging Wall Street -- even, as Jones Day's Robert Profusek told Deal Journal Tuesday -- taking the "L" out of LBO. That's a nifty line that prompts a few skeptical thoughts. Given how confused we seem to be, predicting the long-term future is a pretty risky thing to do. It's true, the run on Bear Stearns Cos. was destabilizing and paradigm-busting, if that means anything. Wall Street has had an entire year to contemplate deficiencies of its business model and the possibility of cosmic retribution for past sins. And the Federal Reserve...
