WASHINGTON — In every scandal that roils this capital, the opening phase of shocking revelations and wall-to-wall news coverage soon gives way to Phase 2: the spinning.
But to judge by the revelations from Wall Street over the past few months, they may just be discussing their golf games.
The revelations of Wall Street double-dealing by the Pecora probe in the Senate banking committee led to the Securities Exchange Act -- and the Securities and Exchange Commission, whose approach to accounting is now under heavy criticism.
Virtually no Hellenistic paintings survive today, and fragments only hint at antiquity's lost masterpieces, while revealing little about their colours and composition, so the revelation of these wall paintings in Jordan is all the more significant.
Last August, Mackey made a startlingly revelation in The Wall Street Journal when he, the leader of a grocery chain that prides itself on high-quality, healthy fare, acknowledged, "We sell a bunch of junk".
Securities lawyers and former executives of brokerage firms say that under its ousted chairman, Richard A. Grasso, the Big Board was a weak corporate policeman -- a sense that has grown stronger since the bull market ended and revelations of unsavory Wall Street practices have piled up.
That last revelation may not make Wall Street happy; but, for the many countries around the world that rely on sovereign debt, it is very good news indeed.
Messiaen, a Roman Catholic steeped in religious mysticism, was inspired to write this work by a passage from the Book of Revelation that describes a wall of many colors in a celestial city.
The humour is the self-congratulatory, exclusionary, kind.Take, for example, the revelation that George's Wall Street friend has been secretly buying up the rights to every contemporary novel he likes to prevent them from being made into Hollywood films.
Then came the recent revelations that some elite Wall Street bankers had been given bonuses far greater than what most Americans earn in a lifetime.
