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Transcripts For CNNW The 20240704

rogers: we ve had 29-year-olds making $1 million a year, expecting to make $2 million the year after that. diana ferry: but if you ve got plastic money, there s nothing holding you back. history will prove the bakkers were honest people. reporter: insider trading could become wall street s watergate. pauley: what do we call greed the day before an indictment? i m afraid recently, we ve called it success. robinson: the u.s. economy, which used to be the envy of the world, is in the most serious trouble since the great depression. inflation is rising while our standard of living is declining. thomas: there was tremendous inflation and not much growth. the country was not in a great depression in 1980, but the united states was in the dumps. dobyns: on wall street, it was cold, gray, wet, and miserable. there was no comfort to be found outside. and for investors, there was not much inside, either. the tickers carried almost nothing but bad news. mclean: we d come off a terribl

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Transcripts For CNN The Eighties 20240707

what do we wall greed the day before an indictment? i m afraid recently we ve called it success. the u.s. economy, which used to be the envy of the world, is in the most serious trouble since the great depression. inflation is rising, while the standard of living is declining. there was tremendous inflation, and not much growth. the country was not in a great depression in 1980, but the united states was in the dumps. on wall street, it was cold, gray, wet, and miserable. there was no comfort to be found outside. and for investors, there was not much inside either. the tickers carried almost nothing but bad news. we d come off a terrible decade for investing. people were skeptical of the stock market. it was a very sleepy wall street back then. most economists expect a serious recession, with at least 2 million more americans losing their jobs. i regret to say that we re in the worst economic mess since the great depression. literally from the

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Continuously create a new situation for high-quality financial development - the Central Financial Work Conference clarified financial work goals and tasks and formulated a development roadmap - Jiujiang News Network

Continuously create a new situation for high-quality financial development - the Central Financial Work Conference clarified financial work goals and tasks and formulated a development roadmap - Jiujiang News Network
archyde.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archyde.com Daily Mail and Mail on Sunday newspapers.

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Transcripts for CNN The Eighties 20240604 06:48:00

And then some. braver: as one former sec official put it, this is like arresting the madam of a brothel and finding her private book of clients. this guy boesky takes a fall, and all over wall street, they re practically jumping out windows. it comes out that he s been taping his phone calls, and maybe his private talks, for three months. and wall street big shots begin wetting their well, you get the idea. stewart: of course ivan boesky was guilty. there was gonna be no defense. all he had was bargaining power. who could he deliver? well, let me ask you this. levine was a fish, boesky was a shark. who s the whale that they re gonna catch? i don t know. drexel burnham? well, that s that s possible. in the middle of all of this is drexel burnham lambert until a few years ago, a little-known wall street firm. then it shot to the top of this high-stakes world by specializing in so-called junk bonds high-interest but also high-risk. aug: the commission says drexel and the head of i

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