It has been two years since Lehman Brothers went under, sparking the Great Recession. While the banks have done surprisingly well in past two years, the economy is still struggling to recover and millions remain out of work. He…
Muriel “Mickie” Siebert, the grande dame of Wall Street, says that Lehman Brothers should never have collapsed, that government’s steps were a necessary evil and that there is a still a need for more regulation. She warns that left unregulated, the markets and the economy could still face turmoil ahead.
Continue reading On the Anniversary of Lehman’s Collapse, Muriel Siebert Warns of Danger Ahead
On the Anniversary of Lehman’s Collapse, Muriel Siebert Warns of Danger Ahead originally appeared on DailyFinance on Wed, 15 Sep 2010 07:00:00.
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The lawyers and accountants circling Lehman Brothers stand to make more than $2 billion in fees for unwinding one of Wall Street’s largest investment banks after its collapse in 2008 — and that’s despite the fact that many of …