Mr Goldstein's boss, Hans-Peter Bauer, who was in charge of fixed income, currency and derivatives trading, went by the wayside just before Christmas.

ECONOMIST: Is this marriage a mistake?

The recent passing of Peter Bauer, a courageous economist who spoke up for the role of initiative, reward and justice in developing countries and derided subsidies to corrupt rulers, stilled one source of that truth.

FORBES: Capital and capitalism