Wall Street to President Clinton:Resign and get it over with quickly. Don't drag us through a lengthy, gut-wrenching impeachment process.
The Hurricane George of the financial markets - the disaster of a hedge fund known as Long-Term Capital Portfolio LP - could prompt a storm of lawsuits against the 14 securities firms and banks that joined forces last week to bail it out.
Those in financial services like to call mutual funds commodities, because there are more than 8,000. And many liken those who market them to shoe salesmen or door-to-door encyclopedia salesmen.
Partners at the soon-to-merge Coopers & Lybrand and Price Waterhouse may be doing more this summer than combining their files. They also could be realigning their personal portfolios.
A fragmented legion of independent financial advisers controls a growing share of the retail investment business. Meanwhile, an increasing cadre of larger financial services companies is on the prowl to buy these firms.
In an interview just a few weeks ago, Jack White was extolling the joys of running a boutique.
