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.
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Famous quotes containing the words wall, street and/or scandal:
“What a troublesome thing a wall is! I thought it was to defend me, and not I it! Of course, if they had no wall, they would not need to have any sentinels.”
—Henry David Thoreau (1817–1862)
“The invention of photography provided a radically new picture-making process—a process based not on synthesis but on selection. The difference was a basic one. Paintings were made—constructed from a storehouse of traditional schemes and skills and attitudes—but photographs, as the man on the street put, were taken.”
—Jean Szarkowski (b. 1925)
“We must cultivate our garden.
Furia to God one day in seven allots;
The other six to scandal she devotes.
Satan, by false devotion never flammed,
Bets six to one, that Furia will be damned.”
—Horace Walpole (1717–1797)