WaMu, other banks motivated by greed, financial crisis probe concludes

By David Heath

WaMu, other bankers knowingly sold bad loans, Senate probe of crisis concludes

Excerpts from this story referencing "Lehman Brothers":

"… inal report last month.And a court-appointed examiner in the bankruptcy of Lehman Brothers Holdings Inc., issued a 2,200-page report in March 2010 detailing how the …"

The end of Lehman, part 2

By Michael Hudson

What did Dick Fuld and other Lehman executives know, and when did they know it? Staff writer Michael Hudson reviews some of the evidence. Fo

Excerpts from this story referencing "Lehman Brothers":

"… do win. I do believe that.” …"

"… k, A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers, McDonald recalls that Gelband described the stunning proliferation of “ …"

The end of Lehman, part 1

By Michael Hudson

On the second anniversary of Lehman Brothers’ bankruptcy, staff writer Michael Hudson, the author of a new book on how Lehman helped fuel th

Excerpts from this story referencing "Lehman Brothers":

"… dismal anniversary looming, Mr. Fuld went to Washington.On Sept. 1, former Lehman Brothers CEO Richard Fuld Jr. testified about the failure of his Wall Street firm, …"

"… dicates that the nation’s mortgage meltdown was a man-made disaster. And Lehman Brothers wouldn’t have been in desperate straits two Septembers ago if it hadn’ …"

"… he vicinity to hear: ‘Your people find too much fraud!’"Profit and lossLehman Brothers’ high-wire business strategy in subprime and other markets helped it pos …"

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Will new regulatory super council learn the lessons of Lehman?

After Bear Stearns fell apart in March 2008, the Securities and Exchange Commission and the Federal Reserve Bank of New York embedded teams

Excerpts from this story referencing "Lehman Brothers":

"… Commission and the Federal Reserve Bank of New York embedded teams within Lehman Brothers to gather information and monitor the company’s condition. The two regul …"

The end of Lehman, part 3

By Ben Hallman

In Parts 1 and 2 of this series, Michael Hudson wrote about how Lehman was a leader in turning what had been a backwater market for subprime

Excerpts from this story referencing "Lehman Brothers":

"… n Chicago, was appointed by the bankruptcy court to examine the failure of Lehman Brothers. Fourteen months later, after an exhaustive — and expensive — effort b …"

SEC’s ex-chief accountant: Is agency a lapdog or watchdog?

A former Securities and Exchange Commission official urged the regulator “to get serious about enforcement.”

Excerpts from this story referencing "Lehman Brothers":

"… ff-balance sheet transactions like Repo 105. That was the accounting trick Lehman Brothers used to park as much as $50 billion a quarter overseas to fool investors a …"

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FACT CHECK: Facts Strained in ‘King of Bain’

By FactCheck.Org

Pro-Gingrich super PAC offers one-sided, distorted view of Romney’s years at Bain Capital in a 28-minute 'doc'

Excerpts from this story referencing "Lehman Brothers":

"… n Bain Capital surfaced in a federal securities investigation that alleged Lehman Brothers had improperly inflated the value of stock in the Bain-financed DDi Corpor …"

"… f hundreds of employees, and the insinuation that Romney/Bain influenced a Lehman Brothers analyst to issue a favorable stock rating so Bain could reap huge profits …"

"… ribes things:King of Bain: With help from their friends at Wall Street’s Lehman Brothers, Bain was set to offer an initial public offering of stock in DDi. Lehman …"

"… rothers, Bain was set to offer an initial public offering of stock in DDi. Lehman Brothers would issue a buy rating. And Romney and Bain would watch investors swarm. …"

Reform, watched

Want to give an economist a fit? Insist that supply is “better” than demand. Or, as we recently discovered, ask for a quick take on the new

Excerpts from this story referencing "Lehman Brothers":

"… rning the central, driving purpose of a reform bill — preventing another Lehman Brothers-like collapse from threatening the American financial system — there is …"

Will financial reform melt the ICE Trust monopoly?

Wall Street has taken its share of licks in the past three years, but the big banks haven’t forgotten how to hedge their bets. ...

Excerpts from this story referencing "Lehman Brothers":

"… ht the company to its knees, leading to a taxpayer bailout. The failure of Lehman Brothers investment bank also occurred at least partly because of the bank’s expo …"

U.S. agency insuring pensions needs bigger, more active board

By Julie Vorman

The three-member board of directors overseeing the federal corporation that insures traditional pensions of 44 million American workers is t

Excerpts from this story referencing "Lehman Brothers":

"… it of $23 billion in September, due in part to terminated pension plans at Lehman Brothers, IndyMac Bank, Circuit City, Nortel, Delphi Corp. and other big ones in th …"

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