William Cohan, co-founder of Puck News and author of many books, including Money to Burn: The Unvarnished Truth About Leon Black, Apollo, and the Rise of a New Wall Street (Portfolio, 2026), tells the story of one Wall Street titan's rise and fall and what it says about the larger system.

Photo: Traders work on the floor of the New York Stock Exchange during morning trading on September 16, 2026 in New York City. (Photo by Michael M. Santiago/Getty Images)

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