Attitudes can change. People can change. Even, dare I say it, companies can change.
Vicky Ward | Posted 10.23.2008 | Business
"It just made us feel that in the end the Americans just looked after themselves and shafted us," one British executive at Lehman London told me. "All this talk of 'we are one bank' had amounted to nothing."
David Fiderer | Posted 10.22.2008 | Business
Lehman's demise was driven by timing. Its fiscal quarter ended on August 31, so it was compelled to report $7 billion in losses on mortgage backed securities sooner than other banks.
AP | VINNEE TONG | Posted 10.21.2008 | Business
NEW YORK — A bankruptcy judge decided early Saturday that Lehman Brothers can sell its investment banking and trading businesses to Barclays, th...
Daily Show | Posted 10.19.2008 | Business
Jon Stewart outlines the repercussions of the economic crisis for certain archetypes including people like Lehman CEO Dick Fuld, Alaska Gov. Sarah Pal...
ABC News | Anne-Marie Dorning | Posted 10.18.2008 | Business
It is one of the ironies of the subprime mortgage crisis that while millions of people stand to lose their homes because they can no longer afford to ...
Radar | Posted 10.18.2008 | Business
Radar caught a new angle in the financial crisis -- after Barclay's buys up parts of Lehman Brothers, there will likely be layoffs. But will they incl...
Politico | Mike Allen | Posted 10.18.2008 | Business
House Speaker Nancy Pelosi has ordered a broad, swift investigation of Wall Street and will demand testimony from Bush administration officials and ca...
AP | JOE BEL BRUNO and STEPHEN BERNARD | Posted 10.17.2008 | Business
NEW YORK — Two days after walking away from a deal to purchase all of Lehman Brothers, Barclays PLC said Tuesday it had agreed to acquire Lehman...
Comedy Central | Posted 10.17.2008 | Business
Stephen Colbert looked at the financial mess yesterday, saying things were so bad that, "I've even heard stories of financial moguls entering beauty c...
Howard Lindzon | Posted 10.17.2008 | Business
I have been blogging in the financial/stock market space since late 2005 and developed a great list of 'experts' in certain areas. I believe in the 'less is more' theory of news.
Diane Francis | Posted 10.17.2008 | Business
America's biggest substance abuse problem is money. Like a crack addict in charge of the drug squad, Washington did little to nothing to control the a...
Los Angeles Times | David Colker | Posted 10.17.2008 | Business
See Sally. See Sally run from the bank. Run Sally run. In the midst of one of the worst banking crises in decades, the U.S. Treasury Department today...
AP | GREG KELLER | Posted 10.17.2008 | Business
PARIS — World stock markets swooned again Tuesday as the global financial crisis caused investors to worry that asset prices have yet to hit roc...
Matthew Filipowicz | Posted 10.16.2008 | Politics
Just like if you criticize the war in Iraq, you're criticizing the troops, when you say the economy is bad, you're saying the American worker is bad.
Bloomberg | Kevin Crowley and Thomas Penny | Posted 10.16.2008 | Business
Sept. 15 (Bloomberg) -- Lehman Brothers Holdings Inc.'s employees worldwide are clearing their desks, waiting to hear if they'll be paid, and startin...
Aaron Greenspan | Posted 10.16.2008 | Business
This most recent crisis has resulted from systemic failures in the very institutions that we have relied on to keep our economy going.
Bloomberg | Lynn Thomasson and Elizabeth Stanton | Posted 10.16.2008 | Business
Sept. 15 (Bloomberg) -- U.S. stocks tumbled, pushing the Standard & Poor's 500 Index to the steepest drop since the September 2001 terrorist attacks, ...
Robert Reed | Posted 10.16.2008 | Business
At a time when the stock market is plunging and a once-venerable Wall Street investment house is going bankrupt, it may seem like all is lost. Not true. In fact, amid the carnage, some examples have emerged that stir --shall we say--a cautious optimism about getting free of this mess.
Crain's Chicago Business | Steven R. Strahler | Posted 10.16.2008 | Chicago
The bankruptcy filing of Lehman Bros. Inc. and the pending sale of Merrill Lynch & Co. to Bank of America Corp. threaten to hit Chicago's battered fin...
Politico | Posted 10.16.2008 | Politics
... Of course, Democrats were quick to point out that the current financial crisis on Wall Street occurred on the watch of President Bush, who just ha...
CNBC | Posted 10.16.2008 | Business
Treasury Secretary Henry Paulson took some time today to talk to journalists and attempt to calm the nation during a tumultuous Monday for Wall Street...
Robert Kuttner | Posted 10.16.2008 | Politics
Under Bush, misguided theories of deregulation were entangled with corruption and incompetence in enforcing the scant regulation that remained. The result was subprime and its spawn.
Larry Beinhart | Posted 10.16.2008 | Business
As I read the economics news, I'm having that exact same sensation, that we're in a slow motion crash.
FishbowlNY | Glynnis MacNicol | Posted 10.16.2008 | Business
These headlines are very scary. How bad is this really? Are we looking at soup kitchens? Should we put what little money we have under the pillow? We...
Stefan Roberts | Posted 01.27.2009 | Green