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Obama Wall St. Speech: Touts Changes On Lehman Anniversary

Huffington Post/AP | Posted 05.25.2011 | Business

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

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

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

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...

New Jersey Sues Lehman Execs For Fraud To Recoup State Funds

AP | Posted 05.25.2011 | Business

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...

Chief Economist on Talent and the Economy

Jim Luce | Posted 05.25.2011 | Business
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.

Phil Gramm Takes No Blame

Jeff Madrick | Posted 05.25.2011 | Politics
Jeff Madrick

Gramm's deregulationist spirit is all over this crisis.

Obama-Nomics Coming

Diane Francis | Posted 05.25.2011 | Business
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.

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 | Business

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...

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

Bloomberg | Posted 05.25.2011 | Business

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...

The Last Supper on Wall Street: Sushi, Stocks, and Who is Picking Up the Check?

Vivian Norris | Posted 05.25.2011 | Business
Vivian Norris

Denial was overtly present during a three hour dinner at an expensive sushi restaurant. Bankers threw stock prices into the conversation between the dishes of sashimi and cucumber martinis.

The Scandal that Tells Us All We Need to Know About McCain and Palin

Johann Hari | Posted 05.25.2011 | Politics
Johann Hari

In 1920, Big Oil picked an obscure, bumbling senator named Warren G. Harding who had barely been out of Ohio and had only fuzzy ideas about politics -- the 1920s equivalent of a hockey mom.

Keating 5 Survivor John McCain Now Favors Regulating Same Industry He De-Regulated When Lobbied 15 Years Ago

Jennifer Donahue | Posted 05.25.2011 | Politics
Jennifer Donahue

All Obama-Biden have to do now is talk about the banking crisis and the change in position of former deregulation champion John McCain.

Seth Colter Walls

McCain Rips "Fat Cats" Instrumental In Funding His Campaign | Seth Colter Walls | Posted 05.25.2011 | Politics

John McCain struck a tough, quasi-populist pose this morning during his morning sweep of the television news shows. Speaking to NBC's Matt Lauer about...

Green Banking, Good Banking

John Tepper Marlin | Posted 05.25.2011 | Green
John Tepper Marlin

If Ceres Climate Change ratings had been used as a proxy for long-term thinking, they would have been helpful. They would, in the context of the illiquidity of the credit markets, have been a good predictor of the Bankers Panic of 2008.

S&P Cuts Goldman, Lehman Outlooks

AP | Posted 05.25.2011 | Business

Standard & Poor's Ratings Services said Friday it cut its outlook on Goldman Sachs Group Inc. and Lehman Brothers Holdings Inc., saying volatile marke...

Lehman Cuts 1,300 Mortgage-Related Jobs

Reuters | Posted 05.25.2011 | Business

Investment bank Lehman Brothers Holdings Inc (LEH.N) on Thursday said it would stop U.S. wholesale mortgage lending because of a continued slump in cr...