The Case For Dismantling Giant Banks
These 21st century banks have become deadly, systemically risky dominoes that can crush us all if they fail, or can bankrupt us all with debt if we have to bail them out.
These 21st century banks have become deadly, systemically risky dominoes that can crush us all if they fail, or can bankrupt us all with debt if we have to bail them out.
Reuters | Clare Baldwin, Jui Chakravorty and Jonathan Spicer | Posted 10.23.2009 | Business
The man vilified for the collapse of Lehman Brothers (LEHMQ.PK) almost a year ago, a failure that triggered the global economic crisis, seemed burdene...
Newsweek | Evan Thomas and Michael Hirsh | Posted 06.17.2009 | Business
Hank Paulson, former master of the universe, sits in a nondescript office in northwest Washington, D.C. He is trying to work on his memoirs, but he is...
New York Times | EDUARDO PORTER | Posted 06.16.2009 | Business
There are probably good reasons to give Richard Fuld a job at the hedge fund Matrix Advisors. He is familiar with byzantine financial products: Lehman...
Portfolio | Posted 05.22.2009 | Business
We asked a group of eight former prosecutors and other legal experts (some of whom asked to remain anonymous) about which of the meltdown's disgraced ...
Wall Street Journal | Susanne Craig | Posted 05.04.2009 | Business
He's back in the fold. Late Friday an assistant to former Lehman Brothers Chairman and Chief Executive Officer Richard Fuld Jr. sent a blast email sa...
David Paul | Posted 03.10.2009 | Business
It needs to be said: The Congress of the United States has no business setting the terms of executive compensation.
Paul Jenkins | Posted 03.01.2009 | Business
While there are many victims in the colossal Ponzi scheme that is the American economy, few of these victims have not in some way been complicit.
MSNBC | Matthew Kirdahy | Posted 02.03.2009 | Business
The bloodletting in the c-suite started in 2007. It still hasn't stopped. Another year goes by and more chief executives get the ax -- probably more ...
Clusterstock | John Carney | Posted 01.02.2009 | Business
The blockbuster article in New York magazine made it clear that Dick Fuld was telling investors and creditors one thing about the health of Lehman Bro...
The Guardian | Julia Kollewe | Posted 12.13.2008 | 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...
New York Times | Posted 12.06.2008 | Business
The chief executive of the failed Lehman Brothers, Richard S. Fuld Jr., will be "terminated" by the investment firm without any bonus, a lawyer for Le...
Kirk Snyder | Posted 11.13.2008 | Business
Gen Y offers us a peek into tomorrow's business landscape and by understanding how they will rewire the world of work in the future provides solutions in the present.
The Huffington Post | Nicholas Graham | Posted 11.12.2008 | Business
CLICK HERE FOR HUFFPOST'S HONOR ROLE READ BELOW ABOUT HUFFPOST'S DISHONOR ROLE: Just like HuffPost's honor-roll of those who predicted and even warn...
Business & Media Institute | Jeff Poor | Posted 11.06.2008 | Business
It seems anxiety from the financial crisis is reaching new highs, but the tipping point for one individual came at the Lehman Brothers gym in the ...
ProPublica | Posted 11.06.2008 | Business
Boosterism is one thing. Fudging the books is another. According to the Journal, two Wall Street execs concluded that the "firm's real-estate valuations are roughly 35 percent higher than they should be."
New York Times, Reuters, AP | Posted 11.06.2008 | Business
**UPDATE** FULD WONDERS WHY LEHMAN WASN'T BAILED OUT When Lehman CEO Richard Fuld was asked whether there was a substantial difference, from a busin...
Reuters | Bill Berkrot | Posted 11.03.2008 | Business
Disgraced CEO Richard Fuld, who oversaw the demise of venerable Lehman Brothers Holdings Inc that helped tip the credit crunch into a full-blown crisi...
New York Times | Posted 10.12.2008 | Business
Full, updating coverage of Lehman Brothers' efforts to weather the credit crisis and reassure Wall Street....
Wall Street Journal | Heidi N. Moore | Posted 10.11.2008 | Business
Is it time for the government to help out Lehman Brothers Holdings? It has been all of two days since the Fannie Mae-Freddie Mac bailout was announce...
AP | KELLY OLSEN | Posted 10.03.2008 | Business
SEOUL, South Korea — State-owned Korea Development Bank has made a proposal to acquire 25 percent of U.S. investment bank Lehman Brothers for as...
Fortune.com | Posted 09.07.2008 | Business
Making ends meet isn't getting any easier. The misery index - the sum of the inflation and unemployment rates - is at a 15-year high, with no relief i...
The New York Times | Andrew Ross Sorkin | Posted 07.16.2008 | Business
"I will hurt the shorts, and that is my goal," Richard S. Fuld Jr. fumed. It was April, and Mr. Fuld was blaming short sellers, one of the most malig...
The Washington Independent | Charles R. Morris | Posted 07.01.2008 | Business
Lehman Brothers, Inc., released its second quarter earnings last week, reporting a loss of $2.8 billion ($4.1 billion before taxes). The losses were c...
AP | JOE BEL BRUNO | Posted 06.24.2008 | Business
NEW YORK — Lehman Brothers Chief Executive Richard Fuld on Monday took the blame for the company's staggering second-quarter loss, and said the ...
Lawrence G. McDonald | Posted 10.12.2009 | Business