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OMNIVORE: Fast times on Wall Street

Source: Bookforum

Mumbai : India | 2 months ago

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From Cato Unbound , Scott Sumner argues that almost everything economists and economic policymakers thought they knew about the role of monetary policy in the recent recession and financial collapse is wrong...Steven Pearlstein on why the Lehman Brothers failure may have saved us all (and more )....

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It wasn't me

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Monday, October 12, 2009 Managing banksby Biodun Iginla and Judith Stein, Financial Analysts for the BBC and the EconomistOct 8th 2009From The Economist print editionSpare a thought for departing bank bosses. They were mostly useless,

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Hang on! I (and millions of others) own this bank. Why did the ...

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THE state-owned Royal Bank of Scotland is planning to hand out record bonuses of up to £5m each in a snub to struggling taxpayers. The average employee in its high-risk investment banking arm is likely to take home £240,000, with the top 20 staff in line for payments of between £1m and £5m. The conduct of these banks is ...

about 1 month ago
US bank failures top 100 for year

By: patelashishme0932

The number of US bank failures this year has topped more than 100 after US federal regulators shut down a trio of small Florida banks. Bank failures have cost the Federal Deposit Insurance Corporation (FDIC) fund that insures deposits an estimated $25bn this year. More US banks have now failed this year than in any year since 1992. The ...

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Peter DeFazio: President Obama is Being Failed by His Economic Team

By: steph10

President Barack Obama “is being failed by his economic team” and should replace Treasury Secretary Tim Geithner and White House Economic Policy Director Larry Summers, says US House Representative Peter DeFazio, The Raw Story reports. The well-known member of the Congressional Progressive Caucus told MSNBC’s The Ed Show that he ...

14 days ago
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News Stories

OMNIVORE: Fast times on Wall Street

News Source: Bookforum | 2 months ago

From Cato Unbound , Scott Sumner argues that almost everything economists and economic policymakers thought they knew about the role of monetary policy in the recent recession and financial collapse is wrong...Steven Pearlstein on why the Lehman...
SeekingAlpha: Tech Sector Working on Pre-Lehman Resistance

News Source: Uinta County News | 2 months ago

For the fifth time in under a week, the S&P 500 ( SPX ) Technology sector is trading above its 'pre-Lehman' closing level of 337.2. It is currently trying to become the first sector to break and close above its 'pre-Lehman' levels. After each of the...
Autopsies miss Lehman lesson

News Source: Asia Times Online | 2 months ago

The most popular storyline offered by these Monday-morning quarterbacks is that the mistaken decision to allow Lehman to fail resulted from the George W Bush administration's misplaced faith in the free markets. In this telling, the real crises began...
Institutional Investor: Lehman Blames Barclays for $8 Billion Windfall

News Source: Androscoggin News | 2 months ago

emii.com The bankruptcy estate of Lehman Brothers has charged some ex-executives of working with Barclays to give the U.K. bank a windfall of around $8.2 billion, The Wall Street Journal reports. The Lehman estate alleges the U.S. banks...
A Year after Lehman: India Saved by Default, not Design

News Source: Khaleej Times | 2 months ago

Its repercussions were felt across the globe with lightning speed and nearly bankrupted most of the world. One year after the event, there is little question that the global recession has bottomed out and major economies are beginning to crawl out of...
Lehman’s profound impact on economy

News Source: The Hindu | 2 months ago

A year after Lehman declared bankruptcy, the state owns or controls very large pieces of the financial sector as also key industries, notably automobile, in the West. On September 15, 2008, Lehman Brothers filed for bankruptcy under U.S. laws.