Remove Investment Banking Remove Law Firms Remove Private Companies
article thumbnail

Transcript: Matt Levine

The Big Picture

But yeah, then I went to Wachtel afterward because it, it seemed like, because like, you know, you’re, you’re a law student and you don’t know what a law firm is. And then like you can spend your second year summer at a law firm. And so you end the summer knowing what a law firm is.

article thumbnail

Transcript: Anat Admati

The Big Picture

In the financial crisis, let’s remember, Goldman Sachs and Morgan Stanley became bank holding companies. Previously, they were brokerage firms. ADMATI: They were investment banks. ADMATI: We’re at the mercy of these private companies. RITHOLTZ: Because they’re private companies.

Banks 80
article thumbnail

Transcript: Ken Kencel

The Big Picture

And what was fascinating about Drexel and kind of the diaspora, if you will, of that era was that we all basically went out looking to take that experience, particularly in high yield and kind of buyouts and financing, and do it at either banks or other investment banks. KENCEL: It’s the investment banking affiliate.