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Max Abelson Profile picture
Max Abelson
@maxabelson
I host The Businessweek Show and report on money and power for @Business and @BW
Apr 16, 2021 • 5 tweets • 2 min read
How did you do over the last three months? This is what was going on inside Wall Street:

A record quarter for JPMorgan Chase
A record quarter for Goldman Sachs
A record quarter for Morgan Stanley
A record quarter for Citigroup
bloomberg.com/news/articles/… It's a continuation -- even a magnification -- of what we saw during a year that was so catastrophic for so many and so profitable for parts of the finance industry bloomberg.com/features/2020-…
Nov 14, 2020 • 8 tweets • 5 min read
Now that Trump has suggested that he might not have won the election that he lost, and his own lawyers in Pennsylvania have backed out, I think it's helpful to look at what his career before the White House actually looked like. Here's a very rare thread from me. Exciting! Trump rose on borrowed money, barely survived disasters, built few skyscrapers this century, stumbled twice when he tried, and ran a company that was a like a teen’s fantasy of corporate power.

This was edited by the wonderful late @jhomans, we miss him bloomberg.com/politics/graph…
Aug 24, 2020 • 4 tweets • 2 min read
The New York Attorney General's Trump investigation is looking into transactions involving his tower at 40 Wall Street! That place is home to frauds, thieves, boiler rooms and penny-stock schemers, as @ZekeFaux and I reported a few years back bloomberg.com/graphics/2016-… Consider this: After Donald Trump took over 40 Wall Street in 1995, prosecutors filed criminal charges against at least 29 people connected to 12 alleged scams tied to the building. I have fond memories of the guy on the 28th floor who pretended to be dead
Feb 18, 2020 • 4 tweets • 2 min read
Michael Milken is just about the most powerful Wall Street executive to ever serve time in prison. The push to get Trump to pardon him goes back years -- one letter even said he was prosecuted because of "class envy." Milken pleaded guilty to securities fraud! The source for that class envy line -- "a period of class envy run amok!" -- is right here. I wrote the story
bloomberg.com/news/articles/…
Dec 20, 2018 • 5 tweets • 3 min read
How much money is Wall Street making? This much:

The six big U.S. banks will top $100,000,000,000 this year for the first time ever. One hundred billion dollars of profit! And they're unhappy.

@HannahLevitt and I crunched some big numbers bloomberg.com/news/articles/… Hold on! Maybe this should be my FIRST REAL THREAD OF THE YEAR