As a final capper to our look at Wall Street two years after the peak of the financial crisis, we offer a different look at the masters of the universe who played the game, ruled the street, and walked away with wheelbarrow loa…
From the floor of the New York Stock Exchange to the cubicles and boardrooms of New York’s biggest banks, when Lehman Brothers failed seemingly overnight, it was clear that the rules had suddenly changed. Here are some recollections of that day in September, 2008.
Continue reading Where Were You When Lehman Brothers Collapsed?
Where Were You When Lehman Brothers Collapsed? originally appeared on DailyFinance on Wed, 15 Sep 2010 14:40:00.
From the floor of the New York Stock Exchange to the cubicles and boardrooms of New York’s biggest banks, when Lehman Brothers failed seemingly overnight, it was clear that the rules had suddenly changed. Here are some recollections of that day in September, 2008.
Continue reading Where Were You When Lehman Brothers Collapsed?
Where Were You When Lehman Brothers Collapsed? originally appeared on DailyFinance on Wed, 15 Sep 2010 14:40:00.
The financial crisis was produced by a complex set of circumstances, including a massive housing bubble, poor regulation and irresponsible lending on an epic scale. A handful of bankers became the public faces of the crisis, an…
Since Lehman’s collapse in September 2008, regulators around the world have begun erecting a scaffolding of new rules and regulations designed limit excessive risk-taking. The big question is: Are they enough to prevent another…