Tag: Lehman BrothersSort
Swiss Finish Sets New Standard for Global Bank Regulation
A Bankrupt BP - Worse For The Financial World Than Lehman Brothers?
The BP crisis in the Gulf of Mexico has rightfully been analysed (mostly) from the ecological perspective. People’s lives and livelihoods are in grave danger. But that focus has equally masked something very serious from a financial perspective, in my opinion, that could lead to an acceleration of the crisis brought about by the Lehman implosion.
SOURCE: The Epoch Times, Heide B. Malhotra, April 14, 2010
The court examiner’s report on Lehman Brothers Holdings Inc.’s 2008 bankruptcy points extensively to an arcane accounting practice—referred to as “Repo 105” by the examiner Anton Valukas—as one of the ways the investment bank hid its true finances.
Lehman Brothers' former heads criticised for lapses
Interview with Hank Paulson: Financial Crisis & On the Brink
Is the new trend higher consumer confidence and higher unemployment?
It is startling to think about the recent backlash against the banks. Robin Knight from cnbc.com wrote, ‘Bank of America is not too big,’ Moynihan said at the World Economic Forum in Davos, Switzerland. ‘Big by definition is not the question, it's a question of how you conduct your activities, how you manage activities and how you manage risk.’"
Observers such as legendary fund manager Mohamed El Erian believe that the financial crisis has precipitated a sea change that will take the West to a ‘new normal.’ That would be a problem. Meanwhile, however, Wall Street has returned to the Old Normal and is on track to reach record levels of compensation this year.
This week marks the one-year anniversary of the Lehman bankruptcy. The media struggles to say something meaningful about it. Here at The Daily Reckoning we will not even attempt meaningfulness. We’ll be satisfied with a few snide remarks.
What is most remarkable about the world a year after Lehman fell it is that so little seems to have changed. Even the papers have noticed.
One year after the collapse of Lehman Brothers, Americans are still feeling the effects of the credit crisis that roiled the financial system and crashed the stock market. Many are searching for jobs, recalibrating their investments or quietly licking their wounds. In many cases, their story comes down to a number. And, in many cases, it’s lower than it used to be.