There's something called, 'resolution authority,' which gives the government the power to takeover a failing bank - something they didn't have pre-Lehman Brothers. Andrew Ross Sorkin authoritybankbrother Change image and share on social
Whether a president can truly improve, or damage, an economy remains an open question. Andrew Ross Sorkin damageeconomyimprove Change image and share on social
Traditionally, we think that people with ideas are innovators - that Silicon Valley is the world of ideas. But within the hedge-fund world, they believe that they are men of ideas - that the trade is unto itself one of ideas. Andrew Ross Sorkin fundhedgeidea share on social
I'm probably a believer in abandoning too-big-to-fail firms or breaking them up in some way so that the system can try to take care of itself. I imagine you're not going to get there, and therefore, I suspect regulation is what's going to be required. Andrew Ross Sorkin abandonbelieverbig share on social
There is a long list of psychology research demonstrating that appearances matter more than most us would care to admit. As shallow as it may be, better-looking people have been shown in various studies to have higher self-esteem and more charisma, are considered more trustworthy and are better negotiators. Andrew Ross Sorkin admitappearancecare share on social
Under the Foreign Corrupt Practices Act, a company is not allowed to provide a personal benefit to a decision maker in return for business. But hiring the sons and daughters of powerful executives and politicians is hardly just the province of banks doing business in China: it has been a time-tested practice here in the United States. Andrew Ross Sorkin actallowbank share on social
If I have a spare second, I usually catch up on the many magazines I'm behind on or watch the latest movies on demand that I usually missed at the theater. I love magazines. My top three: Graydon Carter's 'Vanity Fair', Adam Moss' 'New York magazine' and David Remnick's 'New Yorker.' Andrew Ross Sorkin adamcartercatch share on social
Why do we have financial crises? Why do banks lose money? If history is any guide, it hasn't often been the result of speculative bets. It has been the result of banks making loans to individuals and businesses who can't pay them back. Andrew Ross Sorkin backbankbet share on social
On TV at night, I DVR lots of programs - I use it more like a magazine rack flipping through shows than actually watching them in full. 'Charlie Rose,' 'Meet the Press,' '60 Minutes' are musts for me. I also DVR 'NBC's Nightly News' and 'The Chris Matthews Show' on Sunday. Andrew Ross Sorkin charliechrisdvr share on social
I have always looked at the world through the prism of money to some degree. If you could follow the money, it explains a lot of things, in all sorts of aspects of the world. You can look at politics through the prism of money. You can look at art through the prism of money. You can look at sports through the prism of money. Andrew Ross Sorkin artaspectdegree share on social