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…
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…
The former CEO of Lehman Brothers, Richard Fuld, blames the firm’s collapse on hedge funds and short sellers that bet on declines in Lehman’s stock price. That explanation may be satisfying for Fuld, but there’s one problem — …
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.
Many aspects of the financial crisis are still with us. But when it comes to one of the most profound economic impacts of the 2008 meltdown — the downright seizure of credit markets — things could hardly be more different now…