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I think the Liar's Poker section should be merged with the "Liar's Poker" article. The text on the Solomon Brother's page is a detailed discussion of the book. Just summarize and link to the book's article. Furthermore, I take issue with the phrase "Lewis portrays the 1980s as an era where government deregulation allowed less-than-scrupulous people on Wall Street to take advantage of others' ignorance". I haven't seen any mention of deregulation of thrifts in the book. He does, however, explain in great detail how the Fed's decision to allow interest rates to float increased volatility in the bond market. This is not an example of "deregulation". This is the Federal Reserve control the economy.
Solomon Brothers was not affected by the sub prime crisis. It is no longer a public company. The article itself states that it was bought by Citi in 1998.
I think the reason of Salomon Brothers's collapses is very important topic.
This is a company, which ever passed the great depression, but why it finished by sub prime mortgage crisis? Many people should be confused as me. —Preceding unsigned comment added by 202.147.35.104 ( talk) 06:30, 24 September 2008 (UTC)
To get an insight into the the Salomon Bros. I recommend the readers to read Liar's Poker by Micheal Lewis, where he shartes his experince woking with the company in 80s.
7 World Trade Center is also called the Salomon Brothers Building and is often referred to as such in the media. Yet, Salomon Brothers Building redirects to this article about the Salomon Brothers instead of 7 WTC. In this article there is no mention of the World Trade Center or 7 WTC. 87.234.117.192 ( talk) 17:45, 29 January 2008 (UTC)
also, seemingly passing mention of Salomon dominance (along with NYC-based boutique firm, Lepercq, de Neuflize & Co. Incorporated) in creating the first mortgage-backed security (public or private). For some years from the mid 1970s into the 1980s (until about 1985?), these two firms were virtually the only players in the nascent MBS market. almost all were private placements mostly to state pension funds (public employees, teachers, etc.)...primarly through "GNMA pass-through certificates" (sale of assets) and "pay-through bonds" (debt offerings by thrifts (S&Ls and savings banks); home builders; and mortgage bankers). all this was prior to the explosion of the MBS (and CMO and CDO and other asset-backed securities) market that is well known today. —Preceding unsigned comment added by 68.173.2.68 ( talk) 01:32, 5 October 2008 (UTC)
http://findarticles.com/p/articles/mi_hb5037/is_199108/ai_n18310774 - site provides teaser to 1991 article in the economist - "A STRANGE blend of alarm mixed with hope prevails at 7 World Trade Center as Salomon Brothers struggles to survive the biggest crisis in its 81-year history. The chairman (John Gutfreund), president (Thomas Strauss) and vice-chairman (John Meriwether), who admitted on August 14th to having sat on evidence of fiddling in the firm's Treasury-bond department, have resigned. Two others have been fired.
"A new chairman and chief executive, Warren Buffett, Salomon's largest private shareholder, has swept in from the plains, vowing that he will leave as soon as he has swept out the ..." —Preceding unsigned comment added by 68.173.2.68 ( talk) 01:37, 5 October 2008 (UTC)
If memory serves right, the "big swinging dicks" according to "Liars Poker" are salesman, not traders as stated in the wiki article. — Preceding unsigned comment added by Jdrumstik ( talk • contribs) 02:32, 22 February 2011 (UTC)
Why does the book Liar's Poker (one of several sources cited in the article) have its own section giving a detailed description of the author and his book? This seems like promotion and POV pushing to me. Comments?-- — Keithbob • Talk • 18:46, 15 June 2011 (UTC)
The entire section is unreferenced and unverifiable and way too long. Devoting several paragraphs to one source and featuring that source with special section creates undue weight and POV. I have removed the following content on that basis:
U.S. Treasury Deputy Assistant Secretary Mike Basham goes to a English footballer, surely not right. -- Finn Bjørklid ( talk) 15:44, 20 September 2011 (UTC)
It would be interesting to know the history of the company after the founding and before 1980. RichardBond ( talk) 07:30, 28 January 2021 (UTC)
![]() | This article is rated C-class on Wikipedia's
content assessment scale. It is of interest to the following WikiProjects: | |||||||||||||||||||||||||||||||||||||
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I think the Liar's Poker section should be merged with the "Liar's Poker" article. The text on the Solomon Brother's page is a detailed discussion of the book. Just summarize and link to the book's article. Furthermore, I take issue with the phrase "Lewis portrays the 1980s as an era where government deregulation allowed less-than-scrupulous people on Wall Street to take advantage of others' ignorance". I haven't seen any mention of deregulation of thrifts in the book. He does, however, explain in great detail how the Fed's decision to allow interest rates to float increased volatility in the bond market. This is not an example of "deregulation". This is the Federal Reserve control the economy.
Solomon Brothers was not affected by the sub prime crisis. It is no longer a public company. The article itself states that it was bought by Citi in 1998.
I think the reason of Salomon Brothers's collapses is very important topic.
This is a company, which ever passed the great depression, but why it finished by sub prime mortgage crisis? Many people should be confused as me. —Preceding unsigned comment added by 202.147.35.104 ( talk) 06:30, 24 September 2008 (UTC)
To get an insight into the the Salomon Bros. I recommend the readers to read Liar's Poker by Micheal Lewis, where he shartes his experince woking with the company in 80s.
7 World Trade Center is also called the Salomon Brothers Building and is often referred to as such in the media. Yet, Salomon Brothers Building redirects to this article about the Salomon Brothers instead of 7 WTC. In this article there is no mention of the World Trade Center or 7 WTC. 87.234.117.192 ( talk) 17:45, 29 January 2008 (UTC)
also, seemingly passing mention of Salomon dominance (along with NYC-based boutique firm, Lepercq, de Neuflize & Co. Incorporated) in creating the first mortgage-backed security (public or private). For some years from the mid 1970s into the 1980s (until about 1985?), these two firms were virtually the only players in the nascent MBS market. almost all were private placements mostly to state pension funds (public employees, teachers, etc.)...primarly through "GNMA pass-through certificates" (sale of assets) and "pay-through bonds" (debt offerings by thrifts (S&Ls and savings banks); home builders; and mortgage bankers). all this was prior to the explosion of the MBS (and CMO and CDO and other asset-backed securities) market that is well known today. —Preceding unsigned comment added by 68.173.2.68 ( talk) 01:32, 5 October 2008 (UTC)
http://findarticles.com/p/articles/mi_hb5037/is_199108/ai_n18310774 - site provides teaser to 1991 article in the economist - "A STRANGE blend of alarm mixed with hope prevails at 7 World Trade Center as Salomon Brothers struggles to survive the biggest crisis in its 81-year history. The chairman (John Gutfreund), president (Thomas Strauss) and vice-chairman (John Meriwether), who admitted on August 14th to having sat on evidence of fiddling in the firm's Treasury-bond department, have resigned. Two others have been fired.
"A new chairman and chief executive, Warren Buffett, Salomon's largest private shareholder, has swept in from the plains, vowing that he will leave as soon as he has swept out the ..." —Preceding unsigned comment added by 68.173.2.68 ( talk) 01:37, 5 October 2008 (UTC)
If memory serves right, the "big swinging dicks" according to "Liars Poker" are salesman, not traders as stated in the wiki article. — Preceding unsigned comment added by Jdrumstik ( talk • contribs) 02:32, 22 February 2011 (UTC)
Why does the book Liar's Poker (one of several sources cited in the article) have its own section giving a detailed description of the author and his book? This seems like promotion and POV pushing to me. Comments?-- — Keithbob • Talk • 18:46, 15 June 2011 (UTC)
The entire section is unreferenced and unverifiable and way too long. Devoting several paragraphs to one source and featuring that source with special section creates undue weight and POV. I have removed the following content on that basis:
U.S. Treasury Deputy Assistant Secretary Mike Basham goes to a English footballer, surely not right. -- Finn Bjørklid ( talk) 15:44, 20 September 2011 (UTC)
It would be interesting to know the history of the company after the founding and before 1980. RichardBond ( talk) 07:30, 28 January 2021 (UTC)