In a sense it’s a measure of America’s misery that in a new era of deflation and tight credit, it celebrates a Bill that curbs the banks.
Lehman bros
Business As Usual: Austerity the new cool in UK … and in Italy, too … Brazil waxes lyrical about big oil find …
It’s hair shirts all around in London … Italy cuts public sector hiring and pay … Changes in the wind for US bank ratings … Car sales figures here are up on last year … Brazil waxes lyrical about another big oil find …
Lehman con makes Ponzi master look like an amateur
The $US138 billion con pulled by Lehman Brothers makes New York Ponzi scheme master Bernie Madoff’s swindle look like pocket change.
Lehman: taking ineptitude to a whole new level
The final autopsy report on the death of Lehman Brothers is in: the top chief was even more dodgy and inept than previously thought, with an accounting gimmick covering up the true size of the Lehman bank sheet.
Business As Usual: Lehman guilty fingered, News to unload mobile content business
The finger of fate is pointing at those responsible for the collapase of Lehman’s, the bottom has fallen out of the US tomato industry, which in turn is having a disastrous effect on the fast-food business and other business news of the day.
Briefly Business: The Economist, Lehman, T.S. Eliot
Rejected cover for the next edition of The Economist … Lehman Bros employees protest … Credit crunch starts taking its toll on infrastructure … The problem with regulation … Loose money and the cause of the crisis.
Commentariat: No sympathy for the Wall Street devils
No sympathy for the devils … After 73 years, the last gasp of the broker-dealer … A sense that Wall St.’s boom times are over … The resilience of American finance … How not to lose everything.
Steve Keen: Welcome aboard the FF Titanic
As far as rescue plans go, saving so many US financial organisations from huge losses and criplping debt will not acheive the desired result, writes Associate Professor of Economics, Steve Keen.
Lehman Bros update: It’s over
3.10pm: Lehman Bros says it intends filing for bankruptcy later tonight, Australian time, after attempts to sell all or part of it failed, reports Glenn Dyer.
Lehman’s failure nothing short of re-making Wall Street
A huge weekend of negotiations and deal-making doesn’t appear to have been enough to save Lehman Bros. And the upshot is a vastly different Wall Street, writes Glenn Dyer.
RBA braces for Lehman Bros crash landing
The Reserve Bank of Australia has stepped in to cushion the blow of of the expected failure of Lehman Brothers, writes Glenn Dyer.
Dead-end for Lehman Bros: What the pundits say
Lehman Expected to File for Bankruptcy Protection … Greenspan: Once in a century crisis … If Lehman Liquidates, Wall Street Gets Set to Make a Killing … Let Lehman Fail … A tragedy of hubris and nemesis.
Wall Street blackhole moves closer to Lehman Bros
It now appears that saving Lehman Bros will be up to the US Treasury, much as it was for Bearn Stearns, Fannie Mae and Freddie Mac, writes Glenn Dyer.
Lehman Bros’ survival still not a sure thing
Having announced another huge loss overnight, Lehman Bros still hasn’t proven it has a prosperous future, or any future at all, writes Glenn Dyer.
Lehman Bros teetering on the brink of ruin
An announcement by struggling US bank Lehman Bros could have a major impact on global markets, writes Glenn Dyer.
Another major US bank in trouble as Bernanke switches tack
Lehman Bros, America’s 4th largest investment bank, looked in trouble yesterday as the US Federal Reserve announced a change in policy, writes Glenn Dyer.
Doom and gloom wrap: Fed set to cut, but how much?
It’s no longer a case of whether US Federal Reserve will cut interest rates, the only question to be settled at this week’s Fed meeting is how big the cut will be: 0.25% or 0.50%, writes Glenn Dyer.
