Profile: David Paterson (click here)

'Gentle man'
Some people have remarked on the contrast between Mr Paterson and the fiery Mr Spitzer.
"He's got a wonderful sense of humour, a very gentle man - in that sense, he's the opposite of Eliot," Betsy Gotbaum, the New York City public ombudswoman told the New York Times.
With his state senate background, Mr Paterson is expected to have a less combative relationship with New York legislators than Mr Spitzer, who had difficulties getting the Republicans in the legislature to approve his policy programmes.
"[Mr Paterson] might be a fellow that when you have disagreements you sort them out," Jim Tedisco, the Republican minority leader in the state assembly, told Newsweek.
Now that Mr Spitzer has resigned, New York is about to find out whether Mr Paterson's less confrontational approach will allow him to succeed where Mr Spitzer could not.


Bracing for a Bear of a Week
By Jacqueline Doherty
Word Count: 2,006
Companies Featured in This Article: Bear Stearns, JPMorgan Chase, Goldman Sachs, Lehman Brothers, Morgan Stanley, HSBC Holdings, Citigroup, Wachovia, Bank of America, Countrywide Financial, Merrill Lynch, Citigroup, American International Group
SOME OF THE WORST FEARS ABOUT THE STABILITY of the U.S. financial system came to the fore last week: Credit concerns at Bear Stearns (ticker: BSC) were serious enough by weeks' end to require the Federal Reserve Bank of New York and JPMorgan Chase (JPM) to step in and provide the firm a line of credit. The news slashed Bear's stock by 47% Friday, to 30, and led to speculation of its imminent sale.
The events further unsettled a worried stock market, with financial shares tumbling by about 5% on the day, and the Dow industrials losing 1.6%.
Wall Street ...

http://online.barrons.com/article/SB120553465607937899.html?mod=b_hpp_9_0002_b_this_weeks_magazine_home_top