Ann Woolner

June 25, 2008 | Daily Report Online

Ralph Cioffi and Matthew Tannin are, presumably, a couple of smart guys. They have solid educations and for a while did well for themselves managing hedge funds on Wall Street. I'm thinking they're the sort of men who keep up with current events. So, what's with the e-mail The feds arrested both last week at their homes, cuffed them for a perp walk and held a press conference to tout the case.

By Ann Woolner

5 minute read

April 05, 2004 | Daily Report Online

By Ann Woolner

6 minute read

February 20, 2009 | Daily Report Online

My guess is that a large number of out-of-work Americans wouldn't mind having their own office with secretarial help, even if they have no actual job to do there. For those in foreclosure, those laid-off, they could get some rest out of the cold in a comfortable office with a private restroom and maybe a view of Manhattan.

By Ann Woolner

4 minute read

November 19, 2008 | Daily Report Online

Here we go again. If the U.S. Treasury doesn't throw open its shrinking bounty this very minute to yet another company, millions of Americans will lose jobs, small and large businesses will crash, entire communities will vanish and the nation's ailing economy will go on life support. So says General Motors Corp., which has joined the growing soup line queuing up at Treasury's door.

By Ann Woolner

5 minute read

October 24, 2005 | Daily Report Online

By Ann Woolner

4 minute read

April 19, 2010 | Daily Report Online

Merrill Lynch branch manager Joe Lauricella worried when he read that the government was prosecuting brokers for letting day traders listen to live action from Merrill's trading desk. The brokers he supervised had been doing the same thing, unaware there might be something wrong with it, he would later say. So Lauricella contacted a Merrill compliance officer, who assured him that his folks were violating no law or firm policy.

By Ann Woolner

5 minute read

August 24, 2004 | Daily Report Online

Ann Woolner A lawyer, a judge and a securities regulator are at the bar. No joke. They are sitting on the dais at a hotel ballroom in Atlanta, where the American Bar Association is gathered for its annual meeting. This trio is debating whether the federal government has usurped traditional state authority to regulate corporate behavior, not a funny topic.

By Ann Woolner

5 minute read

February 14, 2005 | Daily Report Online

During a break in testimony in his $2.7 billion fraud trial, Richard Scrushy stood up from the defense table to seek help from beyond the Birmingham, Ala., courtroom. He turned to chat with a pastor seated behind him, and then he leaned and reached back one more row, where a woman stood and took his hand in hers. She bowed her head and closed her eyes.

By Ann Woolner

5 minute read

December 14, 2004 | Daily Report Online

Ann Woolner As U.S. attorney in Manhattan, Rudolph Giuliani famously sent agents bursting into Wall Street offices in 1987 to handcuff and haul off supposed securities violators. Fans hailed Giuliani as a fearless enemy of white-collar crooks. Critics clamored that he was using his prosecutor's powers to promote his political career.

By Ann Woolner

6 minute read

May 17, 2010 | Daily Report Online

There is a sense out there that what Wall Street did to the rest of America is downright criminal. Financial wizards created a multitrillion dollar, unregulated market of derivatives that few Americans knew about much less understood. Wall Street raked in billions of dollars, lavishing executives and traders with unfathomable bonuses even after the mortgage market tanked while the rest of us saw net worth plunge and homes and savings lost.

By Ann Woolner

4 minute read