Wall Street

6:25am

Wed October 24, 2012
Planet Money

Ask A Banker: Derivatives, Gambling And Getting Around Regulation

Originally published on Wed October 24, 2012 6:29 am

Paul Goyette Flickr

Hi! I am still here. I was once a banker and now I write for Dealbreaker and answer your questions about banking and whatnot. You can send questions to planetmoney@npr.org with "ask a banker" in the subject line, or ask on Twitter (@planetmoney).

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4:19pm

Tue October 23, 2012
Business

Dow Falls 243 Points On Worst Day In Months

Originally published on Wed October 24, 2012 2:18 am

Transcript

MELISSA BLOCK, HOST:

This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish. Now, some business news. This past Friday and again today, the Dow Jones industrial average fell more than 200 points. The drop occurred after several big U.S. companies turned in disappointing results. NPR's Jim Zarroli explains.

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12:55am

Fri October 19, 2012
StoryCorps

'Black Monday' Plunge: From 'High Life' To Street Life

Originally published on Tue October 23, 2012 11:03 am

Robert Griffo, 57, was working on Wall Street when the market crashed on Black Monday.
StoryCorps

Robert Griffo was living the high life at an investment firm on Wall Street when the stock market crashed 25 years ago on Black Monday. Along with the Dow Jones industrial average, Griffo's life tumbled.

Griffo tells StoryCorps he worked with the investment company for 11 years.

"I was making a lot of money," he says. "I used to walk over homeless people at Grand Central Station when they were begging for money, and I'd say, 'You need to get a job.' But I lost myself on Wall Street."

When the market crashed on Oct. 19, 1987, Griffo thought he would be let go.

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3:31pm

Mon September 17, 2012
The Two-Way

Occupy Wall Street Marks One-Year Anniversary; More Than 100 Arrested

A man looks down at a sign during the Occupy Wall Street protest on the one year anniversary of the movement in New York.
Stan Honda AFP/Getty Images

The one-year anniversary of the Occupy Wall Street movement brought rallies and arrests Monday, as protesters marched in New York and other cities. More than 100 arrests were reported in New York, where activists marched near the city's stock exchange.

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1:42pm

Mon August 27, 2012
Planet Money

A Father Of High-Speed Trading Thinks We Should Slow Down

Originally published on Tue August 28, 2012 1:54 pm

Thomas Peterffy, shown here in 2010
Brendan Smialowski Getty Images

First, three stories from Thomas Peterffy's life as a trader:

Story #1:

When Peterffy was a kid growing up in communist Hungary in the 1950s his buddy went to Austria and brought back a pack of Juicy Fruit gum. Peterffy bought the pack, broke the sticks of gum up into little pieces, and sold them at a profit. The principal at his school was not amused. "Where's your communist conscience?" the principal asked.

Not surprisingly, given story #1, Peterffy moved to the U.S. as a young man.

Story #2:

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