Lehman

How to Deceive a Client Without Really Trying

Omer Rosen | Posted 06.11.2011

Read More: Tarp, Omer Rosen, Corruption, Citi, Fabrice Tourre, Conflict of Interest, Citigroup, Legerdemath, Fabulous Fab, Financial Reform, Derivatives, Regulation, Central Counterparty Clearing, Financial Fraud, Merrill Lynch, Clearing House, Goldman Sachs, Treasury-Rate-Lock, Morgan Stanley, Wall Street Regulation, Wall Street, Bailout, Lehman, Financial Crisis, Bear Stearns, Banking Trade, Business News
Omer Rosen

When it comes to bonds, the client is conveniently never shown how to settle based on prices. Instead they are taught a nonsensical and more complicated method called yield settlement.

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Legerdemath: Tricks of the Banking Trade

Omer Rosen | Posted 05.25.2011

Read More: Corruption, Cdos, Fabulous Fab, Financial Reform, Regulation, Credit Default Swaps, Collateralized Debt Obligations, Schemes, Merrill Lynch, Goldman Sachs, Morgan Stanley, Bailout, Wall Street Regulation, Lehman, Default Swaps, Financial Crisis, Banking Trade, Fat Cats, Omer Rosen, Fabrice Tourre, Conflict of Interest, Legerdemath, Fraudulent, Corrupt, Derivatives, Spvs, Tarp, Central Counterparty Clearing, Credit Cards, Tricks, Citi, Financial Fraud, Fraud, Clearing House, Rosen, Credit Derivatives, Wall Street, Sivs, Bear Stearns, Citigroup, Omer, Business News
Omer Rosen

I'd just turned 20 when I began a three-year stint on Citigroup's corporate-derivatives team. I had no work experience to speak of. As my boss said after my interview, I was "f***ing unpolished."

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WATCH: Interview With Oscar Winning Director Of 'Inside Job'

Constantin Bjerke | Posted 05.25.2011

Read More: Market, Oscar, New York, Money, Lehman, Economy, Meltdown, Worldwide, Dollars, Aig, Movie, Collapse, Politics, Merrill Lynch, Investment, Finance, Stock, Banking, Documentary, Banks, Ferguson, Charles Ferguson, Wall Street, American, International, Arts News
Constantin Bjerke

"When Lehman Brothers, Merrill Lynch, and AIG collapsed together in a 48 hour period and we were all wondering if next week we'd be able to get money ...

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Green Energy Boys Not So Different Than the Good Ole Oil Boys

Vivian Norris | Posted 05.25.2011

Read More: Women, Greed, Sam Zell, Flip, Lehman, LA Times, Soros, Cds, Suicide, Women in Business, Swap, Fianncial Crisis, London, Wall Street: Money Never Sleeps, Gordon Gekko, Oil Industry, Chicago Tribune, Hedge Funds, Oil, Banks, Green Energy, Asia, Wall Street, Electric Cars, Green News
Vivian Norris

The Green Boys actually pretend to be about equality and sustainability and democracy, but they are just as obsessed as the oil and Wall Street guys with accumulating more money and power.

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William Alden

After Lehman's Collapse, 'Largest Arbitrage Ever' -- And Deals On Art

HuffingtonPost.com | William Alden | Posted 05.25.2011

Read More: Art, Bankruptcy, Lehman Brothers, Lehman, Securities, Bonds, Treasury, Arbitrage, Bond Traders, Trading, Sotheby's, Treasury Bonds, Business News

The turmoil after Lehman Brothers' bankruptcy two years ago created a rare money-making opportunity for a certain type of debt trader, according to a ...

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Culture Zohn Off the C(H)uff: Lucy Prebble, Enron Playwright Awaits Her Broadway Debut

Patricia Zohn | Posted 05.25.2011

Read More: Goldman Sachs, Broadway, Lucy Prebble, Lehman, Enron, Enron-the-Smartest-Guys-in-the-Room, Jeffrey Skilling, Wall Street, West End, Financial Reform, Carbon Trading, Theater, New York News
Patricia Zohn

2010-04-23-ronron.jpgThere couldn't be a more auspicious time for the stateside premiere of Enron as news of the latest Wall Street scandal cascades around us.

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Goldman, Wall Street and Financial Terrorism

Brian Whetten | Posted 05.25.2011

Read More: Fraud, Conscious Business, Financial Industry, Free Market Fundamentalism, Core Coaching, Goldman Sachs, Lehman, Brian Whetten, Financial Crisis, Aig, Corporate Social Responsibility, Free Market, Green Business, Wall Street, Business News
Brian Whetten

The most disturbing part of the Goldman lawsuit is that it confirms Goldman's reputation of doing whatever it takes to win, even if it damages their clients and society as a whole.

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Dick Fuld: Former Lehman CEO Claims 'No Recollection' Of Accounting Fraud

AP | ALAN ZIBEL and JEANNINE AVERSA | Posted 05.25.2011

Read More: Dick Fuld Congressional Hearing, Lehman, Lehman Brothers, Lehman Accounting, Dick Fuld Recall, Dick Fuld Fraud, Dick Fuld Testify, Dick Fuld, Dick Fuld Accounting, Dick Fuld Lehman, Lehman Fraud, Business News

WASHINGTON — The former chief executive of Lehman Brothers said he has "absolutely no recollection whatsoever" about an accounting maneuver that...

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President Obama: Bring Back Black

Janet Tavakoli | Posted 05.25.2011

Read More: Goldman Sachs, Sec, Lehman, Hedge Funds, Fcic, Confidence Game, Bailouts, William K. Black, Financial Crisis, Tarp, Psi, Business News
Janet Tavakoli

It's time to bring back William K. Black and resolute regulators like him. Our proposed "financial reform" bill is a sham, and the health of our society and our economy is at stake.

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Lehman Scandal: Where's the Follow Up?

Eliot Spitzer | Posted 05.25.2011

Read More: Chrysler, Lehman, Lehman Brothers, Aig, Bankruptcy, Repo 105, Bond Insurers, Risk-Obfuscation, The Financial Fix, Business News
Eliot Spitzer

A deeper examination of the relationship between all the audit firms and their clients on the issue of risk-obfuscation is needed. Limiting any inquiry to Lehman alone is inadequate. To start, here are a few simple questions.

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Too Big to Succeed: Dodd's Proposal Creates a Cumbersome Bureaucracy

Richard (RJ) Eskow | Posted 05.25.2011

Read More: Lehman, Consumer Financial Protection Agency, Federal Reserve, Steven Pearlstein, Chris Dodd, Repo 105, Barack Obama, Consumer Financial Protection Board, Politics News
Richard (RJ) Eskow

Once upon a time, it seemed as if our leaders understood that "too big to fail" meant "too big to exist." But in Sen. Dodd's financial reform bill, the big banks won't be dismantled -- they'll be watched ... by a committee.

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Banksters (A Poem)

Patricia O'Connor | Posted 05.25.2011

Read More: Goldman Sachs, Lehman, Fed, Too Big to Fail, Treasury, Financial Crisis, Goldman, Poetry, Poem, Business News
Patricia O'Connor

Where are the emails from Fed and Treasury/ To Goldman, Lehman and AIG?/ Until we know who knew what and when/ How can we trust a single one of them?

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Former Lehman Women React to "Doozie" of a Story

Vicky Ward | Posted 05.25.2011

Read More: Devil's Casino, Lehman Desperate Housewives, Dick Fuld, Vicky Ward, Lehman Brothers, Lehman, Joe Gregory, Books News
Vicky Ward

In response to my article in this month's Vanity Fair, hundreds (literally) of Lehman's former women executives anxiously listened into a conference phone call about the story.

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Citigroup Returns to Banking by Divesting Its Oil Trading Arm

Raymond J. Learsy | Posted 05.25.2011

Read More: Energy, Federal Bailouts, Phibro, Goldman Sachs, Citigroup, Morgan Stanley, Occidental Petroleum, Lehman, Oil, Treasury, Federal Reserve, Andy Hall, Jpmorgan, Bailouts, Business News
Raymond J. Learsy

It is scandalous that those in government vested with the responsibility of financial oversight have permitted a culture of "heads they win, tails we lose" to take hold and to grow into a financial Frankenstein.

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The Key Question No One Asked About Goldman's Role In The AIG Bailout

Raymond J. Learsy | Posted 05.25.2011

Read More: Lloyd Blankfein, Treasury Department, Goldman Sachs, Aig, Hank Paulson, Lehman, Politics, Congress Joint Economic Committee, Oil, Federal Reserve, Timothy Geithner, Ben Bernanke, Financial Crisis, Pimco, Business News
Raymond J. Learsy

Did Goldman and the other banks know for certain that the bankruptcy of AIG was no longer a risk for them? That the Fed and Treasury were now irrevocably committed to saving AIG?

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Goldman Turns Into a Financial Frankenstein While the Fed Snoozes Away

Raymond J. Learsy | Posted 05.25.2011

Read More: Phibro, Citigroup, The Financial Times, Investment Bank, Bank Holding Company, Lehman Brothers, Lehman, Forbes Magazine, Federal Reserve, Oil, Bailout, Financial Crisis, Goldman Sachs, Business News
Raymond J. Learsy

Goldman was not assisted by the government to become a voracious and even heftier investment bank. Rather, one can presume that the government's assistance was to prevent systemic failure.

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Goldman Sachs Responds To The New York Times

Janet Tavakoli | Posted 05.25.2011

Read More: Socgen, President of the New York Federal Reserve, Timothy Geithner Treasury Secretary, TARP Watchdog, Calyon, Backdoor Bailout, Cdos, The New York Times, Sigtarp, A.I.G., Federal Reserve Bank of New York, Wachovia, Neil Barofsky, Bank of America, Merrill Lynch, Goldman Sachs, David Viniar, Bank of Montreal, Gretchen Morgenson, Credit Derivatives, Lehman, Timothy Geithner, A.I.G. Bailout, Frbny, Lucas Van Praag, Tarp, Lloyd Blankfein Apology, Business News
Janet Tavakoli

Did Goldman Sachs dissemble and equivocate in its responses to the New York Times?

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Obama Wall St. Speech: Touts Changes On Lehman Anniversary

Huffington Post/AP | Posted 05.25.2011

Read More: Obama Wall Street Speech, Wall St., Wall Street, Lehman, Lehman Brothers, Barack Obama, Business News

(AP) NEW YORK — Lecturing Wall Street on its own turf, President Barack Obama warned financial leaders not to use the recovering economy to race...

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Tales From Lehman's Crypt: How Former Employees Are Faring

The New York Times | LOUISE STORY and LANDON THOMAS Jr. | Posted 05.25.2011

Read More: Layoffs, Finance, Layoff Stories, Wall Street, Banks, Lehman, Lehman Brothers, Recession, Bankruptcy, Business, Economy, Business News

True, thousands of financial industry jobs have vanished and several of the country's best-known banks and brokerage firms have disappeared. Since a p...

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New Jersey Sues Lehman Execs For Fraud To Recoup State Funds

AP | Posted 05.25.2011

Read More: New Jersey, Lehman, Lehman Brothers, New Jersey Lawsuit, Business News

New Jersey is suing executives and board members of bankrupt Lehman Brothers Holdings Inc., claiming they solicited the state to buy stock in the inve...

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Chief Economist on Talent and the Economy

Jim Luce | Posted 05.25.2011

Read More: JP Morgan, Macro Economics, The Bottom, Wall Street, Lehman, N.Y.U., Bear Stearns, The Stimulus, Ingo Walter Ph.D., Economist, Orphans International Worldwide, New York University, Stern School of Business, Milstein Professor, Great Depression, Business News
Jim Luce

"Our recovery may take years," the economist concluded over our last cup of coffee, "But smart people who work hard will always find a place." Talent will as always, he believes, find a home.

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Phil Gramm Takes No Blame

Jeff Madrick | Posted 05.25.2011

Read More: Deregulation, Phil Gramm, Goldman Sachs, Citigroup, Bank of America, Lehman, Fiscal Responsibility, Politics News
Jeff Madrick

Gramm's deregulationist spirit is all over this crisis.

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Obama-Nomics Coming

Diane Francis | Posted 05.25.2011

Read More: Investment Banks, Global Reforms, Aig, Credit Default Swaps, Global Economy, President Obama, Wall Street, Lehman, Economy, Meltdown, Banks, Global Credit Crisis, Obama, Credit Crisis, Market Reforms, Obama's Economic Team, Business News
Diane Francis

Obama-nomics won't merely be the New Deal Part Two. It will have to be executed along with policies hammered out in partnership with the best minds and most enlightened leaders in the world.

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Lehman Boss Fuld To Put $20 Million Of Art Collection On The Block At Christie's Tonight

The Guardian | Julia Kollewe | Posted 05.25.2011

Read More: Richard Fuld, Christie's, Wall Street Crisis, Bailout, Lehman, Dick Fuld, Business News

The bankrupt investment bank Lehman Brothers wants to sell at least $8m (�5.2m) worth of the art collection that once decorated its offices. The new...

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Lehman, AIG Chiefs Should `Man Up,' Stop `Kissing the Mirror'

Bloomberg | Posted 05.25.2011

Read More: Aig, Wall Street Crisis, Lehman, Lehman Brothers, Business News

Executives passing the buck for failures that sank their companies or pushed them to the brink win no sympathy from business leaders and management ex...

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