Why Wall Street Shed Its Partnership Structure

Skip navigation #headerOverlay{ color: #ccd6df; font-size:11px; line-height:130%; } #headerOverlay strong{ color: #ffd226; } #headerOverlay a {color:#ccd6df;text-decoration:none;} #headerOverlay a:hover {color:#ffd226;} #headerOverlay a:visited {color:#ccd6df;} #headerOverlay a:visited:hover {color:#ffd226;} Symbol Lookup onloadAutoSuggest(); dapMgr.enableACB("SearchBox88x31",false); dapMgr.renderAd("SearchBox88x31","&PG=CNBSEB&AP=1071&PN=CNBC",88,31); cnbc_displayUsername("cnbc_usertime","cnbc_username");RegisterSign InMember CenterSign OutRegistercnbc_toggleUserState();HOMENEWSMARKETSEARNINGSINVESTINGVIDEOCNBC TVCNBC 360U.S.Asia-PacificEuropeEconomyEnergyGreenTechnologyBlogsWiresSlideshowsSpecial ReportsCorrections dapMgr.enableACB("USNewsBlogs728",false); dapMgr.renderAd("USNewsBlogs728","&PG=CNBGE7&AP=1390&PN=CNBC",728,90); NetPlease Pass The Double Dip. var cnbcSubHeaderId = document.getElementById('subheader_'+ 38911124); cnbcSubHeaderId.innerHTML = document.getElementById('renderReaderContent').innerHTML; Email: document.write("");document.write("NetNet"+"@"+"cnbc.com");document.write('');Call: 201-735-iNet (4638)Text Message: Text NETNET followed by your tip to 26221. dapMgr.enableACB("USNewsBlogs300x250",false); dapMgr.renderAd("USNewsBlogs300x250","&PG=CNBGE3&AP=1089&PN=CNBC",300,250); Current DateTime: 02:39:42 03 Nov 2010LinksList Documentid: 38910464Expiration DateTime: 11/3/2010 2:42:44 PM cnbc_commentCountMapObj.cnbc_commentCountMap_put("", "38910464_1","cnbcCommentsTxt" ); Priced in? No Boost for Equities after Fed Announcement cnbc_commentCountMapObj.cnbc_commentCountMap_put("39994708", "38910464_1","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("39994708", "38910464_1","cnbcCommentsTxt" ); Mohamed El-Erian's Phony Political Courage cnbc_commentCountMapObj.cnbc_commentCountMap_put("39994450", "38910464_2","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("39994450", "38910464_2","cnbcCommentsTxt" ); Fed Easing: Bigger & Longer Than Expected cnbc_commentCountMapObj.cnbc_commentCountMap_put("39992629", "38910464_3","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("39992629", "38910464_3","cnbcCommentsTxt" ); Sorry, Barry Ritholtz, SIPA Was Totally a Bailout of Wall Street cnbc_commentCountMapObj.cnbc_commentCountMap_put("39989255", "38910464_4","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("39989255", "38910464_4","cnbcCommentsTxt" ); Main Street Has Spoken"�What Small Business Wants From the New Congress cnbc_commentCountMapObj.cnbc_commentCountMap_put("39990659", "38910464_5","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("39990659", "38910464_5","cnbcCommentsTxt" ); Bank of America Gets Rid of Blackrock Stake cnbc_commentCountMapObj.cnbc_commentCountMap_put("39990214", "38910464_6","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("39990214", "38910464_6","cnbcCommentsTxt" ); Gridlock=Doom: PIMCO's El-Erian cnbc_commentCountMapObj.cnbc_commentCountMap_put("39989333", "38910464_7","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("39989333", "38910464_7","cnbcCommentsTxt" ); Hedge Fund Managers A Bust At The Polls cnbc_commentCountMapObj.cnbc_commentCountMap_put("39988972", "38910464_8","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("39988972", "38910464_8","cnbcCommentsTxt" ); So Long, Tim Geithner cnbc_commentCountMapObj.cnbc_commentCountMap_put("39987552", "38910464_9","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("39987552", "38910464_9","cnbcCommentsTxt" ); Merrill Analysts Affirm Consensus: Look For The Full $500 Billion From The Fed cnbc_commentCountMapObj.cnbc_commentCountMap_put("39988015", "38910464_10","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("39988015", "38910464_10","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("", "38910464_1","cnbcCommentsTxt" ); Current DateTime: 02:39:42 03 Nov 2010LinksList Documentid: 39085620FacebookTwitterRSSCurrent DateTime: 02:34:06 03 Nov 2010LinksList Documentid: 38852222John Carney

Runs this joint.

Cadie Thompson

Really, really runs this joint.

Ash Bennington

NetNet Special Reporter

Kate Kelly

Reports on the major Wall Street firms, trading, and regulation.

Herb Greenberg

A senior stocks commentator for the network appearing on CNBC TV and on CNBC.com.

Jeff Cox

A staff writer with CNBC.com, covering the gamut of issues affecting the stock market and the economy.

Lori Spechler

A Senior Editor at CNBC and a former trader / market maker in commodity options.

Lori Ann LaRocco

A Senior Talent Producer at CNBC.

Nicole Lapin

Runs the graveyard.

Current DateTime: 02:39:42 03 Nov 2010LinksList Documentid: 38910635Expiration DateTime: 11/3/2010 2:42:35 PM cnbc_commentCountMapObj.cnbc_commentCountMap_put("", "38910635_1","cnbcCommentsTxt" ); GM Sets Terms for $13 Billion IPO, Gives Earnings Forecast cnbc_commentCountMapObj.cnbc_commentCountMap_put("39993362", "38910635_1","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("39993362", "38910635_1","cnbcCommentsTxt" ); Fed to Spend $600 Billion More to Help Boost Economy cnbc_commentCountMapObj.cnbc_commentCountMap_put("39990450", "38910635_2","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("39990450", "38910635_2","cnbcCommentsTxt" ); Obama Sounds Conciliatory, Calls for Common Ground cnbc_commentCountMapObj.cnbc_commentCountMap_put("39990291", "38910635_3","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("39990291", "38910635_3","cnbcCommentsTxt" ); Cramer Praises 'By-Any-Means-Necessary' Bernanke cnbc_commentCountMapObj.cnbc_commentCountMap_put("39988983", "38910635_4","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("39988983", "38910635_4","cnbcCommentsTxt" ); Chesapeake Results Exceed Wall Street Expectations cnbc_commentCountMapObj.cnbc_commentCountMap_put("39989714", "38910635_5","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("39989714", "38910635_5","cnbcCommentsTxt" ); The Biggest Holders of US Government Debt cnbc_commentCountMapObj.cnbc_commentCountMap_put("29880401", "38910635_6","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("29880401", "38910635_6","cnbcCommentsTxt" ); Qualcomm Results Top Estimates; Shares Soar cnbc_commentCountMapObj.cnbc_commentCountMap_put("39992710", "38910635_7","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("39992710", "38910635_7","cnbcCommentsTxt" ); After Republican Win, What Happens to Health Care? cnbc_commentCountMapObj.cnbc_commentCountMap_put("39989841", "38910635_8","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("39989841", "38910635_8","cnbcCommentsTxt" ); Microsoft Sees 5 Million Sales of Motion-Sensing Kinect cnbc_commentCountMapObj.cnbc_commentCountMap_put("39993603", "38910635_9","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("39993603", "38910635_9","cnbcCommentsTxt" ); Homeland Security to Impose New Air Cargo Rules cnbc_commentCountMapObj.cnbc_commentCountMap_put("39994719", "38910635_10","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("39994719", "38910635_10","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("", "38910635_1","cnbcCommentsTxt" ); » HelpCurrent DateTime: 02:39:42 03 Nov 2010LinksList Documentid: 38851925Subscribe to this RSS feed

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dapMgr.enableACB("ContextBlog300",false); dapMgr.renderAd("ContextBlog300","&PG=CNBAL3&AP=1089&PN=CNBC",300,250); setDefault('cnbc_textbody');Why Wall Street Abandoned PartnershipsPublished: Wednesday, 3 Nov 2010 | 9:42 AM ET Text Size By: John CarneySenior Editor, CNBC.comDigg getDiggParams(); Buzz cnbc_createYBuzzURL(); function fbs_click() {u=location.href;t=document.title;window.open('http://www.facebook.com/sharer.php?u='+encodeURIComponent(u)+'&t='+encodeURIComponent(t),'sharer','toolbar=0,status=0,width=626,height=436');return false;} FacebookTwitter cnbc_createTwitterURL(); addthis_pub = 'cnbccomrssfeeds'; addthis_hide_embed=false; addthis_options = 'linkedin, digg, delicious, google,facebook,more'; Read Full Article »